Hamilton Beach Brands Holding Company (HBB): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the company behind some of your most reliable kitchen appliances? Hamilton Beach Brands Holding Company (HBB) stands as a leading name in the design, marketing, and distribution of small electric household and commercial appliances. With a solid finish to 2024, marked by strong execution across its businesses, how does HBB maintain its position in a competitive market, and what strategies fuel its success? Keep reading to explore the history, ownership structure, operational model, and revenue streams that define this enduring brand.

Hamilton Beach Brands Holding Company (HBB) History

Hamilton Beach Brands Holding Company Founding Timeline

Year established

The company was established in 1910.

Original location

The company was originally located in Racine, Wisconsin.

Founding team members

The company was founded by Frederick J. Osius, Louis Hamilton and Chester Beach.

Initial capital/funding

Information regarding the initial capital or funding for the company's founding is not readily available in the provided search results.

Hamilton Beach Brands Holding Company Evolution Milestones

Hamilton Beach Brands Holding Company Transformative Moments

• The introduction of the Universal motor in 1911: This innovation significantly enhanced the performance and adaptability of their appliances, setting a new standard in the industry.
• The merger with Proctor Silex in 1990: This strategic move united two prominent small appliance manufacturers, creating a larger, more competitive entity with an expanded product portfolio.
• Becoming an independent publicly traded company in 2017: This transition provided greater independence and access to capital, enabling the company to pursue growth opportunities and strategic initiatives more effectively.

These moments reflect critical decisions and innovations that have shaped Hamilton Beach Brands Holding Company's trajectory, influencing its growth, market position, and overall success over the years. To gain further insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Hamilton Beach Brands Holding Company (HBB).

Hamilton Beach Brands Holding Company (HBB) Ownership Structure

Hamilton Beach Brands Holding Company operates with a mixed ownership structure, featuring a combination of public shareholders and institutional investors.

Hamilton Beach Brands Holding Company's Current Status

Hamilton Beach Brands Holding Company is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange.

Hamilton Beach Brands Holding Company's Ownership Breakdown

As of the fiscal year 2024, the ownership of Hamilton Beach Brands Holding Company is distributed among various shareholders. The following table summarizes the ownership breakdown:

Hamilton Beach Brands Holding Company's Leadership

The leadership team at Hamilton Beach Brands Holding Company is responsible for guiding the company's strategic direction and overseeing its operations. Key members of the leadership team include:

• Gregory H. Phillips: Chairman of the Board, President and Chief Executive Officer
• Lou Anne Nabhan: Vice President, Chief Accounting Officer and Controller
• Michelle M. Bukowski: Senior Vice President, Global Human Resources

For more in-depth insights into the dynamics of ownership and investment in Hamilton Beach Brands Holding Company, check out this resource: Exploring Hamilton Beach Brands Holding Company (HBB) Investor Profile: Who’s Buying and Why?

Hamilton Beach Brands Holding Company (HBB) Mission and Values

Hamilton Beach Brands Holding Company aims to enhance everyday living through thoughtfully designed products. Its core values emphasize integrity, teamwork, and a commitment to delivering value to customers and shareholders.

Hamilton Beach Brands Holding Company's Core Purpose

Official mission statement

Hamilton Beach Brands Holding Company does not have a single, universally publicized official mission statement. However, by synthesizing information from their investor relations materials, product descriptions, and corporate communications, their mission can be understood as follows:

To improve the lives of consumers by offering innovative, high-quality, and value-priced household and commercial appliances.

• Focus on designing, marketing, and distributing a wide range of small electric household appliances, as well as specialty housewares and commercial products.
• Commitment to providing reliable products that meet the needs of consumers in their daily lives.
• Strive to deliver exceptional value through a combination of quality, features, and affordability.

Vision statement

Similar to the mission statement, Hamilton Beach Brands Holding Company doesn't have a specific, explicitly stated vision statement. But, based on their strategic objectives and aspirations, their vision can be inferred as:

To be a leading provider of innovative and indispensable home and commercial solutions, recognized for enhancing customer experiences and creating value for all stakeholders.

• Aspire to be a market leader in the small appliance industry.
• Focus on continuous innovation to develop new and improved products.
• Commitment to building strong relationships with customers, retailers, and other stakeholders.

Company slogan/tagline

Hamilton Beach Brands Holding Company uses different slogans and taglines for its various brands and products. Here are a few examples:

• 'Good Thinking.' - This tagline is used by Hamilton Beach, one of the company's primary brands, and it emphasizes the company's focus on creating smart, innovative products that make life easier.
• Various product-specific taglines - The company uses different taglines to highlight the unique features and benefits of its various products.

For more insights into Hamilton Beach Brands Holding Company, check out: Exploring Hamilton Beach Brands Holding Company (HBB) Investor Profile: Who’s Buying and Why?

Hamilton Beach Brands Holding Company (HBB) How It Works

Hamilton Beach Brands Holding Company (HBB) designs, markets, and distributes a wide range of branded small appliances and specialty housewares, focusing on delivering innovative products at competitive prices. The company operates through its wholly-owned subsidiary, Hamilton Beach Brands, Inc., and generates revenue primarily through sales to retailers, distributors, and direct-to-consumer channels.

Hamilton Beach Brands Holding Company's Product/Service Portfolio

Hamilton Beach Brands Holding Company's Operational Framework

Hamilton Beach Brands Holding Company (HBB) operates through a structured framework encompassing product development, sourcing, distribution, and sales. Here’s a breakdown:

• Product Development: HBB focuses on market trends and consumer needs to innovate and design new products. This involves research and development, engineering, and design teams working collaboratively.
• Sourcing and Manufacturing: The company sources components and finished goods from a global network of suppliers, primarily in Asia. Quality control and cost efficiency are critical aspects of this process.
• Distribution: HBB distributes its products through a variety of channels, including major retailers (e.g., Walmart, Target, Amazon), distributors, and direct-to-consumer sales through its website.
• Sales and Marketing: The company employs a multi-faceted approach to sales and marketing, including advertising, promotions, and in-store displays, to drive consumer demand and support its retail partners.
• Supply Chain Management: Efficient supply chain management is crucial, involving forecasting, inventory management, and logistics to ensure products are available when and where consumers want them.

Hamilton Beach Brands Holding Company's Strategic Advantages

Hamilton Beach Brands Holding Company (HBB) maintains a competitive edge through several key strategic advantages:

• Brand Recognition: With a history dating back to 1910, Hamilton Beach has established strong brand recognition and consumer trust, particularly in the small appliance category.
• Diverse Product Portfolio: HBB offers a wide range of products across multiple categories, reducing its reliance on any single product line and catering to diverse consumer needs.
• Global Sourcing and Cost Efficiency: The company’s global sourcing network allows it to maintain cost competitiveness, which is particularly important in the price-sensitive small appliance market.
• Strong Retail Partnerships: HBB has established strong relationships with major retailers, ensuring broad distribution and visibility for its products.
• Direct-to-Consumer Channel: The company's growing direct-to-consumer channel enhances its ability to connect directly with consumers, gather feedback, and control its brand image.

To gain more insights into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of Hamilton Beach Brands Holding Company (HBB).

Hamilton Beach Brands Holding Company (HBB) How It Makes Money

Hamilton Beach Brands Holding Company primarily generates revenue through the sale of a wide array of household and commercial appliances. These products range from kitchen essentials like blenders and coffee makers to home environment appliances such as air purifiers and humidifiers.

Hamilton Beach Brands Holding Company's Revenue Breakdown

Hamilton Beach Brands Holding Company (HBB) generates revenue from various streams, with the majority coming from the sale of small kitchen appliances and home environment products. A detailed breakdown provides insight into the performance and contribution of each segment to the company's overall financial health.

Hamilton Beach Brands Holding Company's Business Economics

The business economics of Hamilton Beach Brands Holding Company are influenced by several key factors, including pricing strategies, cost management, and market dynamics.

• Pricing Strategy: The company employs a competitive pricing strategy to attract a broad consumer base while maintaining profitability.
• Cost of Goods Sold (COGS): Efficient supply chain management and sourcing are crucial to managing the cost of goods sold.
• Operating Expenses: These include selling, general, and administrative expenses, as well as research and development costs.
• Gross Margin: The difference between revenue and COGS, is a critical indicator of profitability.
• Net Income: Represents the company's profit after all expenses, including taxes and interest, have been deducted.

Hamilton Beach Brands Holding Company's Financial Performance

Analyzing Hamilton Beach Brands Holding Company's financial performance involves looking at key metrics that reflect its operational efficiency and profitability.

• Revenue Growth: Revenue for the year ended December 31, 2024 was $563.8 million, a decrease of 6.8% compared to $604.8 million for the year ended December 31, 2023.
• Gross Profit: Gross profit for the year ended December 31, 2024 was $144.1 million compared to $148.1 million for the year ended December 31, 2023.
• Net Income/Loss: Net income for the year ended December 31, 2024 was $1.7 million, compared to a net loss of $2.5 million for the year ended December 31, 2023.
• Gross Margin: The gross margin remained constant at 25.6% of net sales for the years ended December 31, 2024 and 2023.
• Cash Flow: Monitoring cash flow from operations, investing, and financing activities is vital for assessing the company's liquidity and financial stability.

For insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Hamilton Beach Brands Holding Company (HBB).

Hamilton Beach Brands Holding Company (HBB) Market Position & Future Outlook

The company maintains a strong presence in the North American market and is strategically focusing on expanding its global footprint and product innovation to drive future growth.

Competitive Landscape

Opportunities & Challenges

Industry Position

The company holds a significant position in the small kitchen appliance industry, known for its value-driven products and strong brand reputation. Its standing is further defined by:

• Focusing on product innovation, particularly in the coffee maker and blender categories, to maintain a competitive edge.
• Leveraging its established distribution network to ensure widespread product availability across various retail channels.
• Maintaining a strong emphasis on cost efficiency to offer affordable products without compromising quality.

To learn more about the company's guiding principles, see: Mission Statement, Vision, & Core Values of Hamilton Beach Brands Holding Company (HBB).