HBB — what changed in the latest 10-Q
A section-by-section comparison of HBB's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-06 vs the prior 10-Q · 2025-11-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −17 | ~15 | 8 |
| Market risk (Item 3) | Text added/removed | 0 | −1 | ~2 | 2 |
| Controls & procedures | Text added/removed | +7 | −7 | ~4 | 13 |
| Legal proceedings | Text added/removed | +7 | −6 | ~2 | 13 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −1 | ~1 | 10 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added 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…
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.
Income tax expense (benefit) - The effective tax rate was 28.5% and 28.8% for the three months ended March 31, 2026 and 2025, respectively. The Company’s effective tax rate remains consistent for the periods compared.
Text removed vs the prior filing · source: 10-Q · 2025-11-05
Revenue - Revenue decreased $23.9 million, or 15.2%, to $132.8 million compared to $156.7 million in the prior year. The revenue decline was primarily driven by lower volumes in the Company’s U.S. Consumer business, including a delay in orders from one large retailer for most of the third quarter as…
Gross profit - As a percentage of revenue, gross profit margin decreased to 21.1% compared to 28.0% in the prior year primarily due to the flow through of a one-time incremental tariff cost of $5.0 million, which negatively impacted margin by 370 basis points. Most of these costs were from a tempora…
Selling, general and administrative expenses (SG&A) - Selling, general and administrative expenses decreased by $8.2 million compared to the third quarter of 2024. The decrease was primarily driven by $6.8 million of lower personnel costs, including reduced stock-based compensation expense due to ch…
Pension termination expense - During the third quarter of 2024, a one-time non-cash expense of $7.6 million was incurred in connection with the termination of the Company’s U.S. defined benefit pension plan related to the reclassification of historical unrecognized losses from Accumulated Other Comp…
Other (income) expense, net - Other expense, net was $0.6 million for the three months ended September 30, 2025 compared to $0.3 million for the three months ended September 30, 2024.
Market risk (Item 3)
Text removed vs the prior filing · source: 10-Q · 2025-11-05
For the purpose of risk analysis, we use sensitivity analysis to measure the potential loss in fair value of financial instruments sensitive to changes in foreign currency exchange spot rates. We assume that a loss in fair value is either a decrease to our assets or an increase to our liabilities. T…
Controls & procedures
Text added 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 · 2025-11-05
On February 2, 2024, we acquired HealthBeacon, as discussed in Note 8 – Acquisitions in Part I, Item 1 in this Quarterly Report on Form 10-Q. We are currently integrating HealthBeacon into our operations and internal control processes, and, as permitted by the SEC rules and regulations, we have not …
(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 nine months ended September 30, 2025, the Company repurchased 39,333 and 396,065 shares at prevailing market prices for an aggregate purchase price of $0.6 million and $7.2 million, respectively. During the three and nine months ended September 30, 2024, the Company repurchased …
Additionally, during the nine months ended September 30, 2025 and September 30, 2024, the Company withheld shares for tax payments due upon issuance of stock to employees under the Incentive Plan. During the nine months ended September 30, 2025 and September 30, 2024, the Company repurchased 39,121 …
The total combined share repurchases from the stock repurchase program and the Incentive Plan during the three and nine months ended September 30, 2025 was 39,333 and 435,186 shares, respectively, for an aggregate purchase price of $0.6 million and $7.9 million, respectively. The total combined shar…
Legal proceedings
Text added 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 · 2025-11-05
(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 nine months ended September 30, 2025, the Company repurchased 39,333 and 396,065 shares at prevailing market prices for an aggregate purchase price of $0.6 million and $7.2 million, respectively. During the three and nine months ended September 30, 2024, the Company repurchased …
Additionally, during the nine months ended September 30, 2025 and September 30, 2024, the Company withheld shares for tax payments due upon issuance of stock to employees under the Incentive Plan. During the nine months ended September 30, 2025 and September 30, 2024, the Company repurchased 39,121 …
The total combined share repurchases from the stock repurchase program and the Incentive Plan during the three and nine months ended September 30, 2025 was 39,333 and 435,186 shares, respectively, for an aggregate purchase price of $0.6 million and $7.9 million, respectively. The total combined shar…
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 …
Other information
Text added 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…
Text removed vs the prior filing · source: 10-Q · 2025-11-05
Amendment to Stockholders’ Agreement, dated as of June 12, 2025, by and between the Depository, Hamilton Beach Brands Holding Company and the Participating Stockholders under the Stockholders’ Agreement, dated as of September 29, 2017, as amended by and among the Participating Stockholders, Hamilton…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice