Hamilton Beach Brands Holding Company (HBB) Financial Statements (2024 and earlier)

Company Profile

Business Address 4421 WATERFRONT DRIVE
GLEN ALLEN, VA 23060
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3634 - Electric Housewares and Fans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9281,1252,4152,1426,35210,906
Cash and cash equivalents9281,1252,4152,1426,35210,906
Restricted cash and investments6248208   
Receivables      (15,341)
Inventory, net of allowances, customer advances and progress billings156,038183,382173,962109,621144,691134,744
Inventory156,038183,382173,962109,621144,691134,744
Disposal group, including discontinued operation    5,383  
Other undisclosed current assets127,716133,805159,707136,883127,106138,276
Total current assets:284,744318,360336,292254,029278,149268,585
Noncurrent Assets
Operating lease, right-of-use asset44,000   
Property, plant and equipment27,83030,48523,49022,32422,63019,083
Intangible assets, net (including goodwill)7,7457,9458,1459,39410,77212,153
Goodwill6,2536,2536,2536,2536,2536,253
Intangible assets, net (excluding goodwill)1,4921,6921,8923,1414,5195,900
Disposal group, including discontinued operation, noncurrent assets    614  
Deferred costs14,34818,70313,44910,9418,01210,466
Deferred income tax assets3,1174,0066,965 
Other noncurrent assets7,1663,0052,8272,0852,7013,121
Other undisclosed noncurrent assets    3,8538,16312,825
Total noncurrent assets:104,20664,14454,87649,21152,27857,648
TOTAL ASSETS:388,950382,504391,168303,240330,427326,233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities73,069143,631168,035125,394160,305171,732
Employee-related liabilities11,71915,98114,27717,02317,302
Accounts payable61,759131,912152,054111,117132,968143,012
Accrued liabilities11,310   10,31411,418
Debt    23,49711,62431,346
Disposal group, including discontinued operation    29,723  
Customer refund liability6,4746,4296,8538,69710,941 
Other liabilities16,15014,11623,67712,87321,61218,679
Other undisclosed current liabilities5,875 5054962,4199,189
Total current liabilities:101,568164,176199,070200,680206,901230,946
Noncurrent Liabilities
Long-term debt and lease obligation110,89596,83798,36035,00035,00020,000
Long-term debt, excluding current maturities110,89596,83798,36035,00035,00020,000
Liabilities, other than long-term debt51,95319,21213,63312,50123,08828,879
Other liabilities5,15219,21213,63312,50123,08828,879
Operating lease, liability46,801   
Total noncurrent liabilities:162,848116,049111,99347,50158,08848,879
Total liabilities:264,416280,225311,063248,181264,989279,825
Equity
Equity, attributable to parent, including:124,534102,27980,10555,05965,43846,408
Treasury stock, value(8,939)(5,960)(5,960)(5,960)  
Additional paid in capital65,00861,58658,48554,34451,71447,773
Accumulated other comprehensive loss(11,918)(14,243)(17,476)(15,988)(17,310)(14,104)
Retained earnings80,23860,75344,91522,52430,89712,603
Other undisclosed equity, attributable to parent145143141139137136
Total equity:124,534102,27980,10555,05965,43846,408
TOTAL LIABILITIES AND EQUITY:388,950382,504391,168303,240330,427326,233

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues640,949658,394603,713612,843743,179740,749
Cost of revenue
(Cost of Goods and Services Sold)
(511,835)(521,892)(465,059)(483,298)(554,167)(546,928)
Gross profit:129,114136,502138,654129,545189,012193,821
Operating expenses(90,320)(104,963)(101,239)(92,679)(156,693)(155,686)
Operating income:38,79431,53937,41536,86632,31938,135
Nonoperating income (expense)(1,776)272(1,685)502(1,013)(2,058)
Other nonoperating income (expense)(1,776)272(1,685)502(1,013)(227)
Interest and debt expense(4,589)(2,854)(1,998)(2,975)(3,277)(1,831)
Other undisclosed income from continuing operations before equity method investments, income taxes      1,831
Income from continuing operations before income taxes:32,42928,95733,73234,39328,02936,077
Income tax expense(7,162)(7,651)(9,665)(9,315)(6,245)(18,172)
Income from continuing operations:25,26721,30624,06725,07821,78417,905
Income before gain (loss) on sale of properties:21,30624,06725,07821,78417,905
Net income:25,26721,30624,06725,07821,78417,905
Other undisclosed net income (loss) attributable to parent   22,191(28,600)  
Net income (loss) available to common stockholders, diluted:25,26721,30646,258(3,522)21,78417,905

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:25,26721,30624,06725,07821,78417,905
Other comprehensive income (loss)88(1,185)(633) 663(643)
Comprehensive income:25,35520,12123,43425,07822,44717,262
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,2374,41821,480(27,278)(2,701)3,040
Comprehensive income (loss), net of tax, attributable to parent:27,59224,53944,914(2,200)19,74620,302

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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