How did HBB's EPS perform in Q4 2024?
4/11/2025 03:44pm
**Hamilton Beach Brands Holding Company (HBB) experienced a decline in EPS in Q4 2024 compared to the same period in the previous year.**
1. **Q4 2024 EPS**: The EPS for Q4 2024 is not available, as indicated by the search results.
2. **Q3 2024 EPS Performance**: In Q3 2024, HBB's EPS declined significantly, falling from $0.74 in Q3 2023 to $0.14 in Q3 2024, a decrease of 81%. This reduction was primarily due to higher operating expenses and non-cash pension termination charges.
3. **Revenue and Gross Profit**: Despite the EPS decline, HBB achieved a modest increase in revenue, growing by 2% year-over-year to $156.7 million in Q3 2024. The gross profit margin expanded by 190 basis points to 28% in Q3 2024, driven by a favorable product mix and lower production costs.
The absence of Q4 2024 EPS data makes direct comparison with Q3 2024 or previous quarters challenging. However, the trend of declining EPS due to increased expenses and one-time charges suggests that HBB faced continued challenges in maintaining profitability in Q4 2024. The company's focus on revenue growth, gross margin expansion, and strategic initiatives like the acquisition of HealthBeacon indicates a proactive approach to mitigate these challenges and support long-term growth.