Hamilton Beach Brands Holding Co. tallied fourth-quarter sales and earnings gains, with small appliance sales to U.S. consumers contributing to company growth.
Net income in the quarter was $19.6 billion, or $1.40 a share, versus $7.1 million, or 51 cents per diluted share, in the period a year previous, the company noted.
Revenue was $206.7 million versus $196.2 million in the year-earlier quarter. Operating profit was $25 million versus $11.3 million in the year-prior period.
According to Hamilton Beach, increased unit volume and favorable mix drove revenue growth, which was partially offset by lower average selling price. In consumer markets, revenue gained in the U.S., Mexican and Latin American markets and decreased in the Canadian market.
Net income for the full year was $25.2 million, or $1.80 per share, versus $25.3 million, or $1.81 per share, in the year previous.
Revenue was $625.6 million versus $640.9 million in the year earlier. Operating profit was $35.1 million versus $38.8 million in the year prior.
