HBB — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-05

• Revenue - Revenue increased $14.9 million, or 11.6%, compared to the prior year due to higher volumes in the Company’s U.S. Consumer business reflecting recovery from the second quarter of 2025 when retailers paused buying to assess inventory levels and price increases flowing from IEEPA tariffs imp…

• Gross profit - Gross profit margin increased to 54.3% compared to 27.5% in the prior year. The significant improvement in gross profit margin included one-time benefits related to the IEEPA Tariff Ruling. These benefits consist of IEEPA Tariff Refunds of $36.5 million, as well as continued sell-thro…

• Selling, general and administrative expenses (SG&A) - Selling, general and administrative expenses increased $5.1 million compared to the prior year. The increase was primarily due to higher incentive related personnel costs, as the prior year reflected lower expected performance. The current period…

• Interest (income) expense, net - Interest income, net was $1.3 million for the three months ended June 30, 2026, compared to interest expense, net of $0.1 million in the prior period due to interest income on IEEPA Tariff Refunds.

• Other (income) expense, net - Other income, net was $0.2 million for both the three months ended June 30, 2026 and 2025.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Revenue - Revenue decreased $11.4 million, or 8.6%, compared to the prior year due to lower volumes in the Company’s U.S. Consumer business.

• Gross profit - Gross profit margin increased to 29.7% compared to 24.6% in the prior year due to favorable pricing and customer mix, partially offset by higher product costs. The margin improvement included a one-time benefit of 190 basis points related to the sell-through of inventory that was pric…

• Selling, general and administrative expenses (SG&A) - Selling, general and administrative expenses increased by $0.8 million compared to the prior year. The increase was primarily due to accelerated depreciation of the Company’s legacy enterprise resource planning (ERP) system, partially offset by t…

• Interest (income) expense, net - Interest income, net was $0.1 million for both the three months ended March 31, 2026 and 2025.

• Other (income) expense, net - Other expense, net was $0.1 million for the three months ended March 31, 2026, compared to other income, net of $0.1 million for the three months ended March 31, 2025.

Text added vs the prior filing · source: 10-Q · 2026-08-05

• (2) Average price paid per share includes costs associated with the repurchases but excludes the 1% excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022.

• During the three and six months ended June 30, 2026, the Company repurchased 97,869 and 153,282 shares at prevailing market prices for an aggregate purchase price of $2.0 million and $2.9 million, respectively. During the three and six months ended June 30, 2025, the Company repurchased 215,297 and …

• Additionally, during the six months ended June 30, 2026 and June 30, 2025, the Company withheld shares for tax payments due upon issuance of stock to employees under the Incentive Plan. During the six months ended June 30, 2026 and June 30, 2025, the Company repurchased 13,575 and 39,121 shares, res…

• The total combined share repurchases from the stock repurchase program and the Incentive Plan during the three and six months ended June 30, 2026 was 97,869 and 166,857 shares, respectively, for an aggregate purchase price of $2.0 million and $3.2 million, respectively. The total combined share repu…

• None of the Company’s directors or "officers" (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K, during the Company's …

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• (2) Of the repurchases made in February, 13,575 shares represent Class A Common of the Company that were withheld for tax payments due upon issuance of Class A Common to employees under the Incentive Plan. These shares were repurchased at an average price of $19.40. There were no shares withheld for…

• (3) Average price paid per share includes costs associated with the repurchases but excludes the 1% excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022.

• During the three months ended March 31, 2026 and March 31, 2025, the Company repurchased 55,413 and 141,435 shares, respectively, at prevailing market prices for an aggregate purchase price of $0.9 million and $2.7 million, respectively. During the year ended December 31, 2025, the Company repurchas…

• Additionally, during the three months ended March 31, 2026 and March 31, 2025, the Company withheld shares for tax payments due upon issuance of stock to employees under the Incentive Plan. During the three months ended March 31, 2026 and March 31, 2025, the Company repurchased 13,575 and 39,121 sha…

• The total combined share repurchases from the stock repurchase program and the Incentive Plan during the three months ended March 31, 2026 and March 31, 2025 was 68,988 and 180,556 shares, respectively, for an aggregate purchase price of $1.2 million and $3.4 million, respectively.

Text added vs the prior filing · source: 10-Q · 2026-08-05

• (2) Average price paid per share includes costs associated with the repurchases but excludes the 1% excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022.

• During the three and six months ended June 30, 2026, the Company repurchased 97,869 and 153,282 shares at prevailing market prices for an aggregate purchase price of $2.0 million and $2.9 million, respectively. During the three and six months ended June 30, 2025, the Company repurchased 215,297 and …

• Additionally, during the six months ended June 30, 2026 and June 30, 2025, the Company withheld shares for tax payments due upon issuance of stock to employees under the Incentive Plan. During the six months ended June 30, 2026 and June 30, 2025, the Company repurchased 13,575 and 39,121 shares, res…

• The total combined share repurchases from the stock repurchase program and the Incentive Plan during the three and six months ended June 30, 2026 was 97,869 and 166,857 shares, respectively, for an aggregate purchase price of $2.0 million and $3.2 million, respectively. The total combined share repu…

• None of the Company’s directors or "officers" (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K, during the Company's …

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• (2) Of the repurchases made in February, 13,575 shares represent Class A Common of the Company that were withheld for tax payments due upon issuance of Class A Common to employees under the Incentive Plan. These shares were repurchased at an average price of $19.40. There were no shares withheld for…

• (3) Average price paid per share includes costs associated with the repurchases but excludes the 1% excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022.

• During the three months ended March 31, 2026 and March 31, 2025, the Company repurchased 55,413 and 141,435 shares, respectively, at prevailing market prices for an aggregate purchase price of $0.9 million and $2.7 million, respectively. During the year ended December 31, 2025, the Company repurchas…

• Additionally, during the three months ended March 31, 2026 and March 31, 2025, the Company withheld shares for tax payments due upon issuance of stock to employees under the Incentive Plan. During the three months ended March 31, 2026 and March 31, 2025, the Company repurchased 13,575 and 39,121 sha…

• The total combined share repurchases from the stock repurchase program and the Incentive Plan during the three months ended March 31, 2026 and March 31, 2025 was 68,988 and 180,556 shares, respectively, for an aggregate purchase price of $1.2 million and $3.4 million, respectively.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Amendment to Consulting Agreement between Alfred M. Rankin, Jr. and Hamilton Beach Brands Holding Company, dated as of December 11, 2025, effective January 1, 2026 is incorporated by reference to Exhibit 10.31 to Hamilton Beach Brands Holding Company's Annual Report on Form 10-K, filed by the Compan…