Hamilton Beach Brands Holding Co

Hamilton Beach Brands Holding Company is a holding company and operates through its indirect, wholly owned subsidiary, Hamilton Beach Brands, Inc., a Delaware corporation ( HBB ). We are a leading designer, marketer and distributor of a wide range of brand name small electric household and specialty housewares appliances, and commercial products for restaurants, fast food chains, bars and hotels, and a provider of connected devices and software for home healthcare management. Our operations are managed and r eported in two operatin g segments, each of which is a reportable segment for financial reporting purposes: (1) Home and Commercial Products and (2) Health . During the year ended December 31, 2023, the Company had one operating and one reportable segment. 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 are in the United States ( U.S. ) and the remaining is in markets across the globe. Health Our Health segment includes lease revenue in the U.S.