0001709164-19-000032.txt : 20190731 0001709164-19-000032.hdr.sgml : 20190731 20190731170713 ACCESSION NUMBER: 0001709164-19-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190731 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190731 DATE AS OF CHANGE: 20190731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hamilton Beach Brands Holding Co CENTRAL INDEX KEY: 0001709164 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] IRS NUMBER: 311236686 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38214 FILM NUMBER: 19989634 BUSINESS ADDRESS: STREET 1: 4421 WATERFRONT DRIVE CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 804-273-9777 MAIL ADDRESS: STREET 1: 4421 WATERFRONT DRIVE CITY: GLEN ALLEN STATE: VA ZIP: 23060 8-K 1 dataschedule63020198-k.htm 8-K Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 _______________________________________________________________________________________________________________________________________________________________________________________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):July 31, 2019
HAMILTON BEACH BRANDS HOLDING COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE001-3821431-1236686
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
4421 WATERFRONT DR, GLEN ALLEN, VA23060 
(Address of principal executive offices)(Zip code)
 
(804) 273-9777
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange of which registered
Class A Common Stock, Par Value $0.01 Per ShareHBBNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
Emerging growth company       [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     [ ]



Item 2.02 Results of Operations and Financial Condition and
Item 7.01 Regulation FD Disclosure.

On July 31, 2019, Hamilton Beach Brands Holding Company (the “Company”) will post on its website at www.hamiltonbeachbrands.com additional historical quarterly financial data. A copy of the additional data is attached as Exhibit 99 to this Current Report on Form 8-K.
This Current Report on Form 8-K and the information attached hereto are being furnished by the Company pursuant to Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company's results of operations.

The information in this Current Report on Form 8-K, including Exhibit 99, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

As described in Item 2.02 and 7.01 of this Current Report on Form 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date:July 31, 2019HAMILTON BEACH BRANDS HOLDING COMPANY
By:/s/ Michelle O. Mosier
Name:Michelle O. Mosier
Title:Vice President, Chief Financial Officer, and Treasurer


 EX-99 2 dataschedule63019ex99.htm EX-99 Document


EXHIBIT 99
Hamilton Beach Brands Holding Company - Consolidated
(in thousands, except percentage data)
Revenue
Q1Q2Q3Q4FY
2018146,633 157,941 196,901 241,704 743,179 
2019145,377 148,427 
Operating (loss) profit
Q1Q2Q3Q4FY
2018(546)384 10,795 20,999 31,632 
2019(2,129)(306)
Interest Expense, net
Q1Q2Q3Q4FY
2018532 889 1,001 855 3,277 
2019746 904 
Other (income) expense, net
Q1Q2Q3Q4FY
2018(514)687 (426)579 326 
2019(332)(126)
Income (Loss) Before Income TaxesEffective Income Tax Rate
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2018(564)(1,192)10,220 19,565 28,029 201825.9 %26.7 %21.3 %23.2 %22.3 %
2019(2,543)(1,084)201930.8 %12.9 %
Net (Loss) Income
Q1Q2Q3Q4FY
2018(418)(874)8,044 15,032 21,784 
2019(1,761)(944)
Depreciation and
amortization expense
Q1Q2Q3Q4FY
20181,235 1,227 1,313 1,534 5,309 
20191,249 904 
Capital Expenditures
Q1Q2Q3Q4FY
20182,401 2,154 2,685 836 8,076 
2019862 1,229 
Net cash (used for) provided by operating activities
Q1Q2Q3Q4FY
2018(39,134)(17,040)9,594 58,404 11,824 
2019(50,135)8,028 
Net cash used for investing activities
Q1Q2Q3Q4FY
2018(2,401)(2,148)(2,684)(831)(8,064)
2019(833)(1,222)



Hamilton Beach Brands Holding Company - Consolidated
(in thousands, except percentage data)
Cash flow before financing activities (1)
Q1Q2Q3Q4FY
2018(41,535)(19,188)6,910 57,573 3,760 
2019(50,968)6,806 
Net cash provided by (used for) financing activities
Q1Q2Q3Q4FY
201833,000 18,803 (6,757)(54,301)(9,255)
201946,388 (6,839)
Dividends Paid to Stockholders
Q1Q2Q3Q4FY
20181,162 1,166 1,164 1,166 4,658 
20191,177 1,242 
Total debt
Q1Q2Q3Q4FY
201885,508 105,476 99,883 46,624 46,624 
201994,212 90,955 
Equity
Q1Q2Q3Q4FY
201847,637 46,010 54,450 65,438 65,438 
201963,079 59,097 
(1)Cash flow before financing activities is equal to net cash (used for) provided by operating activities plus net cash used for investing activities.




 Hamilton Beach Brands, Inc.
(in thousands, except percentage data)
RevenueRevenue % Change Year Over Year
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2018125,414 135,869 172,464 200,024 633,771 20189.9 %6.5 %12.3 %(9.0)%3.0 %
2019126,728 130,851 20191.0 %(3.7)%
Gross Profit $Gross Profit %
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
201827,704 30,448 38,382 41,693 138,227 201822.1 %22.4 %22.3 %20.8 %21.8 %
201926,259 27,702 201920.7 %21.2 %
Operating ExpensesOperating Expenses as a % of revenue
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
201823,920 26,258 25,144 24,023 99,345 201819.1 %19.3 %14.6 %12.0 %15.7 %
201924,619 24,728 201919.4 %18.9 %
Operating ProfitOperating Profit %
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
20183,784 4,190 13,238 17,670 38,882 20183.0 %3.1 %7.7 %8.8 %6.1 %
20191,640 2,974 20191.3 %2.3 %




Kitchen Collection, LLC
(in thousands, except percentage data and number of stores)
Number of stores
Q1Q2Q3Q4FY
2018199 199 197 189 189 
2019168 162 
Revenue
Q1Q2Q3Q4FY
201822,100 22,762 25,884 42,723 113,469 
201919,253 18,283 
Gross Profit $Gross Profit %
Q1Q2Q3Q4FYQ1Q2Q3 Q4FY
201810,115 10,377 12,004 18,223 50,719 201845.8 %45.6 %46.4 %42.7 %44.7 %
20198,533 8,015 201944.3 %43.8 %
Operating ExpensesOperating Expenses as a % of revenue
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
201814,419 14,211 14,411 14,994 58,035 201865.2 %62.4 %55.7 %35.1 %51.1 %
201912,233 11,235 201963.5 %61.5 %
Operating (Loss) ProfitOperating (Loss) Profit %
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2018(4,304)(3,834)(2,407)3,229 (7,316)2018(19.5)%(16.8)%(9.3)%7.6 %(6.4)%
2019(3,700)(3,220)2019(19.2)%(17.6)%