Hamilton Beach

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Hamilton Beach Navigates Pandemic Through Q1

In a first quarter impacted by the coronavirus pandemic, Hamilton Beach saw its sales pick up momentum and then slow later in the quarter, but still reported that overall the U.S. consumer market drove results.

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Hamilton Beach Updates Accounting Investigation

Hamilton Beach, in connection with its previously disclosed investigation into certain accounting irregularities at its subsidiary in Mexico, has concluded that the company’s previously issued consolidated financial statements for the years ended December 31, 2019 and 2018, each of the quarters during those years, and other financial data relating to these periods should no longer be relied upon.

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Hamilton Beach Holds 10-Q As It Investigates Mexican Unit

Hamilton Beach has filed a Form 12b-25 with the U.S. Securities and Exchange Commission for extension of time to file its quarterly report on Form 10-Q for the three-month period ended March 31. The company said it discovered accounting irregularities with respect to the timing of recognition of selling and marketing expenses and the classification of certain expenditures within the statement of operations at its Mexican subsidiary.

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Hamilton Beach Names Mosier VP/CFO

Hamilton Beach has named Michelle Mosier as its vp/CFO and treasurer. She fills the position being vacated by James Taylor, who is retiring at the end of 2018. Mosier will join the company on October 29.

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Hamilton Beach Q1 Revenue Grows

First quarter consolidated revenue for the Hamilton Beach Brands Holding Company was up 4.5% as strong sales growth in the company’s Hamilton Beach Brand segment offset steep declines in its Kitchen Collection retail side.

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Hamilton Beach Q4 Revenue Grows

Fourth quarter revenue in the Hamilton Beach Brands division of Hamilton Beach was up as the company cited growth in the U.S. consumer and international markets along with positive results in the commercial segment as key drivers.

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