Hamilton Beach sees Q3 improvement

CLEVELAND, Ohio — Hamilton Beach reported net income of $6.4 million and revenues of $163.3 million for the third quarter of 2015, compared with net income of $6 million and revenues of $135.2 million the same time in 2014. Operating profit increased to $11.6 million from $9.5 million. Financial results include $9.5 million of revenues and $0.8 million of net income from Weston Brands, which Hamilton Beach acquired in December 2014. Excluding the impact of the Weston Brands acquisition, revenues increased approximately 14%, or $18.6 million, primarily due to an increase in sales volumes in the U.S. consumer market, partially offset by unfavourable foreign currency movements of both the Canadian dollar and Mexican peso which weakened against the U.S. dollar.