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Hamilton Beach Brands Holding Company is a holding company and operates through its indirect, wholly owned subsidiary, Hamilton Beach Brands, Inc., a Delaware corporation ( HBB ). We are a leading designer, marketer and distributor of a wide range of brand name small electric household and specialty housewares appliances, and commercial products for restaurants, fast food chains, bars and hotel…
Operating margin is thin at 6.03%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 7.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 82% versus the prior year, cash generation momentum has weakened. ROIC dropped from 16.06% to 10.24%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$595M
▼ -7.3% YoY
Net Income (TTM)
$28M
▼ -14.0% YoY
Op. Margin
6.59%
▼ -0.6pp YoY
ROIC
12.82%
▼ -5.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$8M
▼ -82.3% YoY
Op. Cash Flow (TTM)
$10M
▼ -78.9% YoY
Net Debt
-$7M
Net Cash Position
Cash & Equiv.
$47M
5Y CAGR: +0.1%
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