GLEN ALLEN, Va. (AP) _ Hamilton Beach Brands Holding Co. (HBB) on Thursday reported first-quarter net income of $21.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Glen Allen, Virginia-based company said it had profit of $1.58. Losses, adjusted to account for discontinued operations, came to 10 cents per share.
The holding company for makers of small household appliances and kitchenware posted revenue of $120.8 million in the period.
Hamilton Beach shares have dropped 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.35, a decline of 35% in the last 12 months.