Hamilton Beach Brands Holding Co (HBB) Form 10-Q — Aug 5, 2026

$HBBForm 10-QFiled Aug 5, 2026, 4:58 PM ET0001709164-26-000160Original filing

Hamilton Beach Brands reported Q2 2026 net income of $33.7 million, up 657% from $4.5 million a year ago, on revenue of $142.6 million (+11.6%), with diluted EPS of $2.49 versus $0.33. The profit surge was driven largely by a one-time windfall: after the U.S. Supreme Court ruled in February 2026 that the IEEPA does not authorize presidential tariffs, the company received $36.5 million of tariff refunds plus $1.2 million of interest, booked as a reduction of cost of sales. Excluding these benefits, Q2 gross margin would have been 26.1% versus 27.5% a year ago, and management states the benefits are non-recurring and will not persist beyond sell-through of affected inventory.

Key figures

Eps: $2.49 diluted Q2 2026 vs $0.33 Q2 2025; $2.75 diluted H1 2026 vs $0.46 H1 2025
Revenue: $142.6 million Q2 2026 (+11.6% YoY); $264.6 million H1 2026 (+1.3% YoY)
Net Income: $33.7 million Q2 2026 vs $4.5 million Q2 2025; $37.2 million H1 2026 vs $6.3 million H1 2025
Total Debt: $50.0 million outstanding under revolving credit agreements
Total Assets: $411.3 million
Cash Position: $101.5 million at June 30, 2026 (vs $47.3 million at Dec 31, 2025 and $11.3 million at June 30, 2025)
Effective tax rate: 24.5% Q2 2026 vs 25.9% Q2 2025
Shares outstanding: 9,858,179 Class A and 3,584,153 Class B as of July 31, 2026
Dividends per share: $0.125 paid in Q2 2026
Gross margin h1 2026: 43.0% reported; 26.9% excluding one-time benefits
Gross margin q2 2026: 54.3% reported; 26.1% excluding one-time IEEPA tariff refund benefits
Ieepa tariff refunds: $36.5 million recognized as reduction of cost of sales
Ieepa refund interest: $1.2 million
Share repurchases q2 2026: 97,869 shares for $2.0 million; $22.1 million remaining under $25 million program
Weighted avg interest rate: 3.26% on HBB Facility; interest rate swaps of $50.0 million notional at 1.59% fixed
Operating cash flow h1 2026: $61.5 million vs negative $23.8 million prior year (+$85.3 million swing)
Excess availability hbb facility: $54.3 million on $125.0 million revolver (borrowing base $104.3 million)

Price after filing

1 day: 0.0%7 days: +39.1%30 days: +33.5%

Close on the filing date to close N calendar days later (from $23.71). Historical, not a forecast.

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