Hamilton Beach Brands Holding Company announced its financial results for the second quarter of 2025, reporting a decline in revenue and net income. The company saw its revenue decrease by 18.2% to $127.8 million compared to $156.2 million in the same period of the previous year. This decline was primarily attributed to lower volumes in the U.S. Consumer business, as some retailers paused buying to assess inventory levels and price increases due to new tariffs implemented in April 2025. Despite the revenue drop, the company's gross margin increased by 160 basis points to 27.5% from 25.9%. This improvement was mainly due to a favorable shift in the customer mix within the U.S. Consumer business, alongside a higher proportion of sales from the higher-margin International Commercial business and HealthBeacon. Operating profit decreased to $5.9 million from $10.0 million in the previous year. Net income for the quarter was $4.5 million, or $0.33 per diluted share, compared to $6.0 million, or $0.42 per diluted share, in the second quarter of 2024. The company reported that net cash used in operating activities for the first half of 2025 was $23.8 million, a significant decrease from net cash provided of $37.1 million in the prior year, largely due to inventory and accounts payable changes influenced by increased tariffs and accelerated purchases earlier in the year. The future impact of tariffs on consumer demand remains uncertain.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hamilton Beach Brands Holding Company published the original content used to generate this news brief via PR Newswire (Ref. ID: PH40956) on July 30, 2025, and is solely responsible for the information contained therein.
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