Hamilton Beach Brands Holding Co
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
HBB$32.16-0.8%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| SEPTEMBER 302024 | DECEMBER 312023 | SEPTEMBER 302023 | |
|---|---|---|---|
| (In thousands) | |||
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | $22,602 | $15,370 | $1,624 |
| Trade receivables, net | 99,049 | 135,434 | 102,178 |
| Inventory | 164,802 | 126,554 | 160,237 |
| Prepaid expenses and other current assets | 18,912 | 9,457 | 14,417 |
| Total current assets | 305,365 | 286,815 | 278,456 |
| Property, plant and equipment, net | 35,238 | 27,401 | 27,493 |
| Right-of-use lease assets | 36,627 | 39,423 | 40,590 |
| Goodwill | 7,099 | 6,253 | 6,253 |
| Other intangible assets, net | 2,179 | 1,292 | 1,342 |
| Deferred income taxes | 2,187 | 2,581 | 2,577 |
| Deferred costs | 15,434 | 14,613 | 14,419 |
| Other non-current assets | 4,540 | 6,324 | 7,790 |
| Total assets | $408,669 | $384,702 | $378,920 |
| Liabilities and stockholders’ equity | |||
| Current liabilities | |||
| Accounts payable | $128,489 | $99,704 | $116,124 |
| Revolving credit agreements | 50,000 | — | — |
| Accrued compensation | 12,622 | 14,948 | 11,025 |
| Accrued product returns | 6,616 | 6,232 | 5,801 |
| Lease liabilities | 5,584 | 6,155 | 6,136 |
| Other current liabilities | 10,130 | 12,549 | 12,776 |
| Total current liabilities | 213,441 | 139,588 | 151,862 |
| Revolving credit agreements | — | 50,000 | 51,276 |
| Lease liabilities, non-current | 39,528 | 41,937 | 43,303 |
| Other long-term liabilities | 5,749 | 5,910 | 4,659 |
| Total liabilities | 258,718 | 237,435 | 251,100 |
| Stockholders’ equity | |||
| Preferred stock, par value $0.01 per share | — | — | — |
| Class A Common stock | 115 | 112 | 112 |
| Class B Common stock | 36 | 36 | 36 |
| Capital in excess of par value | 77,779 | 70,401 | 68,180 |
| Treasury stock | (21,878) | (12,013) | (10,409) |
| Retained earnings | 101,430 | 99,398 | 81,362 |
| Accumulated other comprehensive loss | (7,531) | (10,667) | (11,461) |
| Total stockholders’ equity | 149,951 | 147,267 | 127,820 |
| Total liabilities and stockholders’ equity | $408,669 | $384,702 | $378,920 |
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