Hamilton Beach Brands Holding Co (HBB) Financials

Hamilton Beach Brands Holding Co (HBB) is a leading global consumer goods company that designs, markets, and distributes a wide range of small household appliances. The company's product portfolio includes kitchen appliances, such as blenders, mixers, and toasters, as well as personal care appliances, including hair dryers and electric shavers. Hamilton Beach Brands Holding Co operates through two business segments: Consumer and Commercial. The Consumer segment focuses on retail customers, while the Commercial segment serves commercial clients, such as restaurants and hotels.

When analyzing Hamilton Beach Brands Holding Co's financials, it is important to consider key metrics such as total revenue, gross profit, net income from stockholders, and stockholders' equity. For the fiscal year ending December 31, 2020, the company reported total revenue of $648.6 million. This represents a decrease of 5.2% compared to the previous year. The decline in revenue can be attributed to the impact of the COVID-19 pandemic, which resulted in reduced consumer spending on non-essential items.

Gross profit for the same period was $222.7 million, with a gross profit margin of 34.3%. This indicates that Hamilton Beach Brands Holding Co was able to maintain a reasonable level of profitability despite the challenging market conditions. Net income from stockholders for the fiscal year was $22.4 million, reflecting a net profit margin of 3.5%. The company's ability to generate positive net income demonstrates its resilience and efficient cost management strategies.

Turning to the balance sheet, Hamilton Beach Brands Holding Co had total assets of $543.1 million as of December 31, 2020. This includes cash equivalents of $36.2 million, which represents readily available cash that can be used for short-term obligations. The company also has a net debt of $19.8 million, indicating its ability to meet its long-term financial obligations. Stockholders' equity, which represents the residual value of assets after deducting liabilities, stood at $243.9 million.

In terms of cash flow, Hamilton Beach Brands Holding Co generated positive operating cash flow of $22.1 million for the fiscal year ending December 31, 2020. This demonstrates the company's ability to generate cash from its core operations. The company also reported positive free cash flow of $12.3 million, which represents the cash available for distribution to investors or for reinvestment in the business. Financing cash flow was negative $5.8 million, primarily due to repayments of long-term debt. Lastly, investing cash flow was negative $4.0 million, reflecting investments in property, plant, and equipment to support future growth.

Overall, despite the challenges posed by the COVID-19 pandemic, Hamilton Beach Brands Holding Co has managed to maintain a reasonable level of financial performance. The company's solid gross profit and positive net income demonstrate its ability to adapt to changing market conditions and effectively manage costs. With a strong balance sheet and positive cash flow, Hamilton Beach Brands Holding Co is well positioned to navigate future uncertainties and pursue growth opportunities.