Hamilton Beach Net Climbs 3.4 Percent in Q4, Falls 25 Percent for Fiscal Year

CLEVELAND-The Hamilton Beach brand posted a 3.4 percent gain in fourth-quarter net income, to $12 million, bringing to an end a fiscal year in which the bottom line fell 25 percent short of last year.

Net sales for the brand were down 8.6 percent in the quarter to $161.4 million. For the fiscal year, net sales fell 4.4 percent to $493 million. The fiscal year for NACCO Industries, Hamilton Beach's parent company, ended on Dec. 31.

Fourth-quarter net income received a boost from reduced interest expense. Sales were hurt by lower unit volumes and reduced placements and promotions in the U.S. consumer retail market, mainly at Hamilton Beach's mass-market retail customers.

For NACCO as a whole, fourth-quarter net income rose 42 percent to $54.4 million, on a net sales gain of 9.8 percent to $951.3 million. Fiscal year 2011 resulted in a 104 percent jump in net income to $162.1 million, on a gain in net sales of 24 percent to $3.3 billion.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money