Hamilton Beach Brands Holding CoHBB
Hamilton Beach Brands Holding Co Segments Disclosure
Data by Geographic Region
Revenue and property, plant and equipment related to operations outside the U.S., based on customer and asset location, are as follows:
| U.S. | Other | Consolidated | |||||||||||||||
| 2025 | |||||||||||||||||
| Revenue from unaffiliated customers | $ | 458,847 | $ | 148,005 | $ | 606,852 | |||||||||||
| Property, plant and equipment, net | $ | 23,560 | $ | 6,693 | $ | 30,253 | |||||||||||
| 2024 | |||||||||||||||||
| Revenue from unaffiliated customers | $ | 511,248 | $ | 143,445 | $ | 654,693 | |||||||||||
| Property, plant and equipment, net | $ | 26,730 | $ | 7,671 | $ | 34,401 | |||||||||||
| 2023 | |||||||||||||||||
| Revenue from unaffiliated customers | $ | 493,711 | $ | 131,914 | $ | 625,625 | |||||||||||
| Property, plant and equipment, net | $ | 23,068 | $ | 4,333 | $ | 27,401 | |||||||||||
No single country outside of the U.S. comprised 10% or more of HBB’s revenue from unaffiliated customers. There are two countries outside of the U.S. that comprised 10% or more of HBB’s property, plant and equipment, net.
Segment InformationThe Company’s operations are managed and reported in two operating segments, each of which is a reportable segment for financial reporting purposes: (1) Home and Commercial Products and (2) Health. These segments are organized principally by product and service category. The Company’s reportable segments are determined based on (1) financial information reviewed by the chief operating decision maker “CODM”, (2) operational structure of the Company which is designed and managed to share resources across the entire suite of products offered by the business, and (3) the basis upon which the CODM makes resource allocation decisions. The CODM for both segments is the Director, President and Chief Executive Officer of the Company. The CODM utilizes the segment operating profit (loss) to assess profitability and performance of actual results compared to forecasts.
The types of products and services from which each reportable segment derives its revenues are as follows:
Home and Commercial Products
Our Home and Commercial Products segment includes consumer product revenue, primarily concentrated in North America, consisting of sales of small electric household and specialty housewares appliances to traditional brick and mortar and ecommerce retailers, distributors and directly to the end consumer. Also included in this segment is commercial product revenue consisting of sales of products for restaurants, fast-food chains, bars and hotels. Approximately two-thirds of the Company’s commercial sales is in the U.S. and the remaining is in markets across the globe.
Health
Our Health segment is comprised of the HealthBeacon acquisition, as described in Note 15 - Acquisitions, plus selling and administrative expenses. The segment includes lease revenue in the U.S. and globally associated with leases of connected devices to specialty pharmacy networks and pharmaceutical companies, as well as licensing revenue associated with agreements which grant customers the right to use software for healthcare management.
The table below presents the revenues and significant expenses of the two reportable segments along with a reconciliation of segment profit (loss) to consolidated income (loss) before income taxes. Total assets by segment are not reported as the CODM does not regularly review asset information by segment.
| Year Ended December 31 | |||||||||||||||||||||||
| 2025 | 2024 | ||||||||||||||||||||||
| Home and Commercial Products | Health | Total | Home and Commercial Products | Health (1) | Total | ||||||||||||||||||
| Revenue | $ | 599,503 | $ | 7,349 | $ | 606,852 | $ | 650,409 | $ | 4,284 | $ | 654,693 | |||||||||||
| Less: | |||||||||||||||||||||||
| Cost of sales | 448,913 | 1,786 | 450,699 | 483,444 | 1,042 | 484,486 | |||||||||||||||||
| Selling, general and administrative expenses | 112,508 | 6,755 | 119,263 | 118,470 | 8,233 | 126,703 | |||||||||||||||||
| Amortization of intangible assets | 200 | 111 | 311 | 200 | 102 | 302 | |||||||||||||||||
| Segment profit (loss) | $ | 37,882 | $ | (1,303) | $ | 36,579 | $ | 48,295 | $ | (5,093) | $ | 43,202 | |||||||||||
| Reconciliation of segment profit (loss) | |||||||||||||||||||||||
| Interest expense, net | 703 | 613 | |||||||||||||||||||||
| Pension termination expense | — | 7,611 | |||||||||||||||||||||
| Other expense (income), net | 235 | 1,602 | |||||||||||||||||||||
| Income before income taxes | $ | 35,641 | $ | 33,376 | |||||||||||||||||||
(1) As noted in Note 15 - Acquisitions, the Company completed the acquisition of HealthBeacon on February 2, 2024. Therefore, the 2024 results for the Health segment represent activity from the date of acquisition through December 31, 2024.
During the years ended December 31, 2025 and 2024, the Home and Commercial Products segment had two customers that accounted for more than 10% of total consolidated revenue. These two customers had $178.3 million and $117.7 million of revenue, respectively during the year ended December 31, 2025 and $189.3 million and $154.1 million, respectively during the year ended December 31, 2024.
During the years ended December 31, 2025 and 2024, the Health segment had no customers that accounted for more than 10% of total consolidated revenue.
During the year ended December 31, 2023, the Company had one operating and one reportable segment, therefore, all required financial segment information for that year can be found in the consolidated financial statements.Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Mar 6, 2024 | |
| 2022 | Mar 9, 2023 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.