M&A - Hamilton Beach Brands Holding Co

Form Type: 10-K

Filing Date: 2025-02-26

Corporate Action: Acquisition

Type: Update

Accession Number: 000170916425000008

Filing Summary: Hamilton Beach Brands Holding Company has submitted its 10-K report for the fiscal year ended December 31, 2024. The report underscores the company's significant acquisition of HealthBeacon PLC, which provides digitally connected devices for healthcare management. Hamilton Beach continues to operate through its subsidiary and manages its business across two segments: Home and Commercial Products and Health. The Home and Commercial Products segment focuses on consumer and commercial appliances, while the Health segment deals with leasing connected devices and software for healthcare management. The report also highlights the significant role of major retailers, such as Walmart and Amazon, in the company's overall revenue generation, with Walmart accounting for 29% of consolidated revenue in 2024. The company emphasizes its consistent sales performance amidst evolving markets and its commitment to expanding its reach in health and wellness sectors. Additionally, the filing provides insights into financial disclosures, risk factors, management's discussions on operational results, and governance practices.