Hamilton Beach Brands Holding Company (HBB) reported fourth-quarter 2025 revenues of $212.9 million, marginally down from $213.5 million in the same period last year. Despite this, the gross margin improved to 28.3%, up 220 basis points from 26.1%, resulting in an 8% increase in operating profit to $25.4 million. However, diluted earnings per share fell from $1.75 to $1.38 due to a less favorable tax comparison.
For the full year of 2025, HBB’s revenues declined by 7.3% to $606.9 million, while diluted EPS decreased to $1.95 from $2.20. The company faced several challenges, including a $5.3 million tariff cost that reduced gross margin and significant decreases in operating cash flow, which fell to $13.8 million from $65.4 million in 2024. Despite these challenges, HBB repurchased approximately 506,925 shares for $9 million and paid out $6.4 million in dividends.
Looking ahead, Hamilton Beach anticipates revenue growth in the mid-single-digit range for 2026, although operating profit may decline by low-teens percentages due to increased advertising costs and technology transition expenses as they move from a legacy ERP system.
