Hamilton Beach Brands is a leading designer, marketer, and distributor of small electric household and specialty housewares appliances. The company’s owned brands include Hamilton Beach®, Proctor Silex®, Hamilton Beach Professional®, Weston®, TrueAir®, and Hamilton Beach Health®, as well as licensed brands such as Wolf Gourmet®, CHI®, Clorox™, Brita Hub™, and Bartesian®. With over a century of experience, Hamilton Beach Brands has established itself as a trusted household name and a go-to source for quality kitchen appliances.
Hamilton Beach Brands’ product portfolio includes a range of appliances for your kitchen, such as slow cookers, air fryers, waffle makers, and more. The company offers seasonal favorites, recipes, and tips on their website and social media, making it easy for you to find inspiration and get the most out of your appliances. Whether you’re a professional chef or a home cook, Hamilton Beach Brands has a product that fits your needs and budget.
Key Takeaways:
- Hamilton Beach Brands is a leading designer, marketer, and distributor of small electric household and specialty housewares appliances.
- The company’s product portfolio includes a range of appliances for your kitchen, such as slow cookers, air fryers, waffle makers, and more.
- With over a century of experience, Hamilton Beach Brands has established itself as a trusted household name and a go-to source for quality kitchen appliances.
Hamilton Beach Brands: An Overview
If you’re a fan of household appliances, you’ve probably heard of Hamilton Beach Brands. This American company is a leading designer, marketer, and distributor of small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. With a history dating back to 1910, Hamilton Beach Brands has a long-standing reputation for quality and innovation.
Hamilton Beach Brands Holding Company is an operating holding company for Hamilton Beach Brands, Inc. The company was founded by Chester Beach and Louis Hamilton, who were both engineers and inventors. They started the company in Racine, Wisconsin, and initially focused on manufacturing and selling a lightweight, universal electric motor. Over time, the company expanded its product line to include a wide range of household appliances, such as blenders, mixers, toasters, slow cookers, clothes irons, and air purifiers.
In 1990, Hamilton Beach Brands was acquired by NACCO Industries, Inc., a publicly traded holding company with a diverse range of businesses. Today, Hamilton Beach Brands continues to innovate and create new products that make life easier for consumers. Some of its most popular products include the Hamilton Beach FlexBrew coffee maker, the Hamilton Beach Breakfast Sandwich Maker, and the Hamilton Beach Electric Indoor Grill.
Whether you’re a professional chef or a home cook, Hamilton Beach Brands has something for everyone. With a commitment to quality and innovation, the company has become a household name in the world of kitchen appliances. So, if you’re looking for high-quality, reliable appliances that make cooking and entertaining a breeze, look no further than Hamilton Beach Brands.
Product Portfolio
Hamilton Beach Brands Holding Company has a diverse range of products, including small kitchen appliances, commercial products, and air purification systems. Here’s a closer look at each category:
Small Kitchen Appliances
Hamilton Beach Brands Holding Company is a leader in small kitchen appliances, offering a wide range of products that cater to the needs of home cooks and professional chefs alike. The company’s portfolio includes blenders, mixers, toasters, slow cookers, can openers, electric knives, food processors, ice cream makers, ovens, rice cookers, and more.
One of the company’s most popular brands is Hamilton Beach®, which has held the number one brand position for small kitchen appliances in the US in 2021 based on units sold. The brand’s growth is driven by innovative new products based on research and customer insights.
Commercial Products
Hamilton Beach Brands Holding Company’s commercial products are designed for use in restaurants, hotels, and other foodservice establishments. The company’s owned commercial brands include Hamilton Beach Commercial® and Proctor Silex Commercial®.
The Hamilton Beach Professional® line leverages the company’s commercial products expertise for the benefit of home cooks, and the product portfolio now includes 14 high-demand categories. The brand continues to gain new channel placements.
Air Purification
Hamilton Beach Brands Holding Company’s TrueAir® brand offers a range of air purification systems designed to improve indoor air quality. The company’s air purifiers use HEPA filtration to capture up to 99.97% of airborne particles as small as 0.3 microns.
Overall, Hamilton Beach Brands Holding Company’s product portfolio is extensive and diverse, with a strong presence in all the retail channels where consumers buy small kitchen appliances, including the fast-growing ecommerce channel. With its leading portfolio of iconic consumer brands, the company offers products that range from value to luxury across a wide range of price points.
Global Presence and Markets
Hamilton Beach Brands Holding Company has a strong global presence and operates in various markets around the world. The company is headquartered in the United States, but it has a significant presence in other regions as well.
North American Operations
Hamilton Beach Brands Holding Company has a strong presence in North America, particularly in the United States and Canada. The company has been a leading brand in the small kitchen appliances market in the US for several years. Its innovative products and customer-centric approach have helped it maintain its position as the number one brand in the country.
International Expansion
Hamilton Beach Brands Holding Company has been expanding its operations in various regions around the world. The company has been focusing on expanding its presence in emerging markets such as China, Brazil, and Latin America. In China, the company has been growing its business by introducing new products and expanding its distribution network. In Brazil, the company has been focusing on the Brazilian consumer market, which has shown significant growth in recent years.
In addition to its consumer markets, Hamilton Beach Brands Holding Company has also been expanding its global commercial business. The company’s commercial brands include Hamilton Beach Commercial and Proctor Silex Commercial. The global commercial market accounted for 9.6% of total revenue in 2022. With its innovative products and customer-centric approach, the company is well-positioned to continue its growth in both its consumer and commercial markets.
Overall, Hamilton Beach Brands Holding Company’s global presence and operations in various markets around the world make it a leading player in the small kitchen appliances market. Its focus on innovation and customer satisfaction has helped it maintain its position as a top brand in the industry.
Strategic Partnerships and Collaborations
Hamilton Beach Brands, Inc. is a company that values strategic partnerships and collaborations to bring innovative and high-quality products to its consumers. In this section, we will discuss two of its notable partnerships: Proctor Silex and Clorox, and Wolf Gourmet and Bartesian.
Proctor Silex and Clorox
Proctor Silex and Clorox are two of the most recognizable brands in the market. Hamilton Beach Brands, Inc. has partnered with these companies to offer a range of high-quality products that meet the needs of its customers. The collaboration between Hamilton Beach Brands, Inc. and Clorox has led to the development of the TrueAir® line of air purifiers. These purifiers are designed to remove allergens and other pollutants from the air, providing a clean and healthy environment for you and your family.
Wolf Gourmet and Bartesian
Hamilton Beach Brands, Inc. has also partnered with Wolf Gourmet and Bartesian to bring you premium kitchen appliances and cocktail makers. Wolf Gourmet is known for its high-quality kitchen appliances that are designed to make cooking easy and enjoyable. Bartesian, on the other hand, is known for its innovative cocktail maker that allows you to make bar-quality cocktails at home. The partnership between these companies and Hamilton Beach Brands, Inc. has resulted in the development of the Numilk plant-based milk maker and the Brita Hub™ water dispenser.
With these partnerships, Hamilton Beach Brands, Inc. is able to offer a wide range of products that cater to the needs of its customers. Whether you are looking for air purifiers, kitchen appliances, or cocktail makers, Hamilton Beach Brands, Inc. has got you covered. So why not take advantage of these partnerships and enjoy the high-quality products that they have to offer?
Financial Performance
Hamilton Beach Brands Holding Company (NYSE: HBB) has reported strong financial performance in the fourth quarter and full-year 2022. In the fourth quarter, the company reported a revenue of $255.8 million, a 17.5% increase compared to the same period in the previous year. The full-year revenue for 2022 was $1.03 billion, a 12.1% increase compared to 2021.
Annual Reports
Hamilton Beach Brands Holding Company’s annual reports indicate that the company has been consistently profitable over the years. In 2022, the company reported an operating profit of $77.8 million, a significant increase compared to the $60.5 million reported in 2021. The gross profit margin for 2022 was 30.3%, a slight increase from the 29.9% reported in 2021. The gross profit for 2022 was $312.3 million, a 14.2% increase compared to the previous year.
Selling, general, and administrative expenses for 2022 were $234.5 million, a 14.3% increase compared to 2021. The net income for 2022 was $39.8 million, a 53.4% increase compared to 2021.
Hamilton Beach Brands Holding Company’s financial performance in the fourth quarter and full-year 2022 demonstrates the company’s ability to navigate challenging market conditions. The company’s consistent profitability and strong financial performance make it an attractive investment opportunity for investors looking for stable returns.
Engaging with Consumers
As a leading small kitchen appliance brand, Hamilton Beach Brands understands the importance of engaging with its consumers. In this section, we will explore how the company interacts with its customers through social media and customer reviews and feedback.
Social Media Interactions
Hamilton Beach Brands has a strong presence on social media platforms such as Instagram and Pinterest. By sharing mouth-watering recipes and tips on how to use their products, the company has managed to build a loyal following of food enthusiasts. Their social media team is always on the lookout for ways to engage with their audience and answer any questions they may have.
Whether you are a fan of their classic coffee makers or prefer their innovative air fryers, you can expect to find a wealth of information on their social media pages. By following Hamilton Beach Brands, you can stay up to date on their latest products and promotions.
Customer Reviews and Feedback
Hamilton Beach Brands values the feedback of its customers and encourages them to leave reviews on their products. By doing so, customers can help others make informed decisions when purchasing a Hamilton Beach product. The company also uses customer feedback to improve their products and services.
Hamilton Beach Brands has a high star rating on various retail platforms, indicating that their customers are satisfied with their products. Positive reviews often mention the durability and affordability of their products, making them a popular choice for both home and commercial use.
In conclusion, Hamilton Beach Brands values its customers and strives to engage with them through social media and customer reviews and feedback. By doing so, they can build a strong relationship with their audience and continue to provide high-quality products that meet their needs.
Frequently Asked Questions
What exciting career opportunities does Hamilton Beach Brands offer?
If you are looking for a fulfilling career, Hamilton Beach Brands offers a diverse range of exciting career opportunities. The company is always on the lookout for talented and motivated individuals who can contribute to their mission of providing high-quality, innovative products that make life easier. You can visit the Hamilton Beach Brands website to learn more about the current job openings and apply for the position that best suits your skills and interests.
Who currently owns the renowned Hamilton Beach Brands?
Hamilton Beach Brands is a publicly traded company that is listed on the New York Stock Exchange (NYSE) under the ticker symbol “HBB”. As of March 2024, the company is owned by various institutional investors and mutual funds.
Can you list the diverse range of brands produced by Hamilton Beach?
Hamilton Beach Brands produces a diverse range of brands that cater to different needs and preferences of its customers. Some of the popular brands produced by Hamilton Beach include Hamilton Beach, Proctor Silex, Weston, TrueAir, and Black+Decker.
How does Hamilton Beach Brands stand out from its competitors?
Hamilton Beach Brands stands out from its competitors by providing innovative, high-quality products at affordable prices. The company is committed to providing exceptional customer service and support, which has earned it a reputation for being a reliable and trustworthy brand.
Are Hamilton Beach and Sunbeam part of the same corporate family?
No, Hamilton Beach and Sunbeam are not part of the same corporate family. Hamilton Beach Brands is a separate entity that produces its own line of products, while Sunbeam is owned by Jarden Corporation, which is a separate company.
Where can one find the headquarters of Hamilton Beach Brands?
Hamilton Beach Brands is headquartered in Southern Pines, North Carolina, USA. The company has a global presence with operations in more than 100 countries. You can visit the Hamilton Beach Brands website to learn more about the company’s locations and contact information.