Hamilton Beach Brands Holding Reports 7.1% Decrease in Q2 Earnings for FY2023
August 8, 2023
🌥️Earnings Overview
On August 2, 2023, HAMILTON BEACH BRANDS HOLDING ($NYSE:HBB) reported their financial results for the second quarter of FY2023, with total revenue of USD 137.1 million, a 7.1% decrease from the same period in the prior year. Net income was USD 0.11 million, down 97.8% year over year.
Analysis
GoodWhale has conducted an in-depth analysis of HAMILTON BEACH BRANDS HOLDING’s fundamentals. After a thorough evaluation, GoodWhale has determined that this company is a high risk investment in terms of financial and business aspects. Specifically, the Risk Rating for this company stands at a high level. GoodWhale has also identified 3 risk warnings in the income sheet, balance sheet and cashflow statement. To view these warnings, become a registered user with GoodWhale. Our team of experts can help you make informed decisions about your investments so you can maximize your returns and minimize your risks. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HBB. More…
| Total Revenues | Net Income | Net Margin |
| 612.43 | 8.34 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HBB. More…
| Operations | Investing | Financing |
| 79.3 | -3.25 | -74.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HBB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 343.38 | 225.01 | 8.4 |
Key Ratios Snapshot
Some of the financial key ratios for HBB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.1% | -28.7% | 2.6% |
| FCF Margin | ROE | ROA |
| 12.4% | 8.4% | 2.9% |
Peers
It has been in competition with a variety of companies, such as iRobot Corp, Viomi Technology Co Ltd, and Deer Consumer Products Inc, all of which are striving to be the top provider of quality products. As the competition between these companies intensifies, they are continuously innovating to provide better customer experience and higher-quality products.
– iRobot Corp ($NASDAQ:IRBT)
iRobot Corp is a leading global consumer robot company that designs and builds robots that empower people to do more both inside and outside of the home. The company has a market capitalization of 1.23 billion USD as of 2023 and a Return on Equity of -20.24%. This suggests that the company is not performing as well as it could be, and there may be an opportunity for improvement. Despite this, iRobot Corp is still a leader in the consumer robotics space, having sold over 15 million robots worldwide.
– Viomi Technology Co Ltd ($NASDAQ:VIOT)
Viomi Technology Co Ltd is a Chinese-based company that specializes in the development and production of smart home appliances. The company has a market cap of 104.67M as of 2023, indicating that the company is currently valued at a significant amount. Additionally, Viomi Technology Co Ltd has a Return on Equity of -9.41%, which is lower than the average for the industry. This indicates that the company is not efficiently utilizing its equity to generate profits. Despite this, the company remains a leader in the industry and continues to innovate smart home appliance solutions.
– Deer Consumer Products Inc ($OTCPK:DEER)
Deer Consumer Products Inc is a consumer products company that designs, manufactures, and distributes a wide range of products including small appliances, kitchenware, housewares, and other consumer products. As of 2023, Deer Consumer Products Inc has a market cap of 3.86M, which is a measure of the company’s total value based on the current market price of its shares. The company also boasts a Return on Equity (ROE) of 24.19%, which measures how efficiently the company is able to generate a return for its shareholders. This high ROE indicates that the company is utilizing its money efficiently and is well-positioned to continue to generate returns for its investors.
Summary
HAMILTON BEACH BRANDS HOLDING reported their Q2 2023 earnings with total revenue of USD 137.1 million, a 7.1% decrease year over year. Net income was USD 0.11 million, a 97.8% decrease from the same quarter last year. Investors should keep an eye on the company’s progress, as these figures may be early indicators of potential growth in the coming quarters.
HAMILTON BEACH BRANDS HOLDING has been making strategic investments in new technology and product lines to stay ahead of its competitors, and these initiatives may pay off in the long term. Analysts are encouraged to monitor the company’s performance over the next several quarters to see if these investments are having an impact on the company’s financial results.
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