Hamilton Beach Brands Holding (HBB) 8-K Results of Operations and Financial Condition

																		EXHIBIT 99
Hamilton Beach Brands Holding Company - Consolidated
(in thousands, except percentage data)
	Revenues (2)
	Q1		Q2		Q3		Q4		FY
2017	140,282		152,976		181,713		265,778		740,749
2018	146,633		157,941		196,901
	Operating (loss) profit (2)
	Q1		Q2		Q3		Q4		FY
2017	(2,438	)	2,164		7,430		30,979		38,135
2018	(337	)	593		11,003
	Interest Expense (2)
	Q1		Q2		Q3		Q4		FY
2017	415		462		423		531		1,831
2018	544		926		1,059
	Other (Income) Expense (2)
	Q1		Q2		Q3		Q4		FY
2017	(682	)	(297	)	40		1,166		227
2018	(317	)	859		(276	)
	Income (Loss) Before Income Tax Provision (2)											Effective Income Tax Rate (2)
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2017	(2,171	)	1,999		6,967		29,282		36,077		2017	37.4	%	38.0	%	38.9	%	53.0	%	50.4	%
2018	(564	)	(1,192	)	10,220						2018	25.9	%	26.7	%	21.3	%
	Net Income (Loss) (2)
	Q1		Q2		Q3		Q4		FY
2017	(1,358	)	1,239		4,259		13,765		17,905
2018	(418	)	(874	)	8,044
	Depreciation and amortization expense  (2)
	Q1		Q2		Q3		Q4		FY
2017	1,308		1,174		1,227		1,902		5,611
2018	1,235		1,227		1,313
	Capital Expenditures (2)
	Q1		Q2		Q3		Q4		FY
2017	1,225		1,174		1,967		3,008		7,374
2018	(2,401	)	(2,154	)	(2,685	)
	Net cash provided by (used for) operating activities (2)
	Q1		Q2		Q3		Q4		FY
2017	(22,161	)	5,900		8,561		41,140		33,440
2018	(39,134	)	(17,040	)	9,594
	Net cash used for investing activities (2)
	Q1		Q2		Q3		Q4		FY
2017	(1,220	)	(1,158	)	(1,967	)	(3,008	)	(7,353	)
2018	(2,401	)	(2,148	)	(2,684	)

Hamilton Beach Brands Holding Company - Consolidated
(in thousands, except percentage data)
		Cash flow before financing activities (1) (2)
		Q1		Q2		Q3		Q4		FY
2017		(23,381	)	4,742		6,594		38,132		26,087
2018		(41,535	)	(19,188	)	6,910
		Net cash provided by (used for) financing activities (2)
		Q1		Q2		Q3		Q4		FY
2017		17,263		(4,701	)	(8,815	)	(30,349	)	(26,602	)
2018		33,000		18,803		(6,757	)
		Dividends Paid to NACCO Industries, Inc.
		Q1		Q2		Q3		Q4		FY
2017		3,000		—		35,000		—		38,000
2018		—		—		—
		Total debt (2)
		Q1		Q2		Q3		Q4		FY
2017		58,978		54,276		80,462		51,346		51,346
2018		85,508		105,476		99,883
		Equity (2)
		Q1		Q2		Q3		Q4		FY
2017		61,534		62,961		32,299		46,408		46,408
2018		47,637		46,010		54,450
(1	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(2	)	On September 29, 2017, NACCO Industries, Inc. (“NACCO”, ticker symbol NC) spun-off Hamilton Beach Brands Holding Company ("the Company” or “HBBHC”).

Hamilton Beach Brands, Inc.
(in thousands, except percentage data)
	Revenues									Revenues % Change Year Over Year
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2017	114,154		127,574		153,592		219,751	615,071	2017	(1.4	)%	0.4	%	(2.3	)%	7.1	%	1.6	%
2018	125,414		135,869		172,464				2018	9.9	%	6.5	%	12.3	%
	Gross Profit									Gross Profit %
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2017	22,615		27,128		35,023		50,938	135,704	2017	19.8	%	21.3	%	22.8	%	23.2	%	22.1	%
2018	27,704		30,448		38,382				2018	22.1	%	22.4	%	22.3	%
	Operating Expenses									Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2017	21,833		21,964		26,022		24,398	94,217	2017	19.1	%	17.2	%	16.9	%	11.1	%	15.3	%
2018	23,711		26,049		24,936				2018	18.9	%	19.2	%	14.5	%
	Operating Profit (Loss)									Operating Profit (Loss) %
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2017	782		5,164		9,001		26,540	41,487	2017	0.7	%	4.0	%	5.9	%	12.1	%	6.7	%
2018	3,993		4,399		13,446				2018	3.2	%	3.2	%	7.8	%
	Interest Expense
	Q1		Q2		Q3		Q4	FY
2017	380		382		343		472	1,577
2018	522		846		944
	Other (Income) Expense
	Q1		Q2		Q3		Q4	FY
2017	(700	)	(310	)	26		1,150	166
2018	(329	)	851		(283	)
	Income (Loss) Before Taxes									Effective Income Tax Rate
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2017	1,102		5,092		8,632		24,918	39,744	2017	37.5	%	37.3	%	39.2	%	51.9	%	46.9	%
2018	3,800		2,702		12,785				2018	26.3	%	27.2	%	20.4	%
	Net Income (Loss)
	Q1		Q2		Q3		Q4	FY
2017	689		3,195		5,245		11,988	21,117
2018	2,802		1,967		10,174
	Depreciation and amortization expense
	Q1		Q2		Q3		Q4	FY
2017	1,026		900		960		1,186	4,072
2018	969		967		1,055
	Net Working Capital (1)
	Q1		Q2		Q3		Q4	FY
2017	90,132		87,789		101,323		96,359	96,359
2018	122,319		127,381		142,860

Hamilton Beach Brands, Inc.
(in thousands, except percentage data)
		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2017		972		967		1,738		2,521		6,198
2018		(2,286	)	(2,068	)	(2,610	)
		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2017		(11,476	)	7,522		7,546		25,195		28,787
2018		(28,226	)	(10,135	)	10,166
		Net cash used for investing activities
		Q1		Q2		Q3		Q4		FY
2017		(967	)	(951	)	(1,738	)	(2,521	)	(6,177	)
2018		(2,286	)	(2,068	)	(2,610	)
		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2017		(12,443	)	6,571		5,808		22,674		22,610
2018		(30,512	)	(12,203	)	7,556
		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2017		14,863		(6,501	)	(8,215	)	(23,679	)	(23,532	)
2018		30,798		11,854		(7,406	)
		Cash dividends to Hamilton Beach Brands Holding Company
		Q1		Q2		Q3		Q4		FY
2017		—		—		35,000		—		35,000
2018		(1,162	)	(1,166	)	(1,164	)
		Total debt
		Q1		Q2		Q3		Q4		FY
2017		53,578		47,076		73,862		51,346		51,346
2018		83,308		96,326		90,083
		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1	Q2	Q3	Q4	FY
2017		45,511		48,895		19,077		31,409		31,409		2017	54.2%	55.1%	53.6%	55.9%	55.9%
2018		35,858		37,072		47,640						2018	64.3%	63.8%	78.7%
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.

Kitchen Collection, LLC
(in thousands, except percentage data and number of stores)
	Number of stores										Average sales per store
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	208		209		209		210	210		2017	128		124		137		225		612
2018	199		199		197					2018	111		114		131
	Revenues
	Q1		Q2		Q3		Q4	FY
2017	26,665		25,868		28,644		47,343	128,520
2018	22,100		22,762		25,884
	Gross Profit										Gross Profit %
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	11,903		11,695		13,093		21,359	58,050		2017	44.6	%	45.2	%	45.7	%	45.1	%	45.2	%
2018	10,115		10,377		12,004					2018	45.8	%	45.6	%	46.4	%
	Operating Expenses										Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	15,182		14,703		14,674		16,909	61,468		2017	56.9	%	56.8	%	51.2	%	35.7	%	47.8	%
2018	14,419		14,211		14,411					2018	65.2	%	62.4	%	55.7	%
	Operating Profit (Loss)										Operating Profit (Loss) %
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	(3,279	)	(3,008	)	(1,581	)	4,450	(3,418	)	2017	(12.3	)%	(11.6	)%	(5.5	)%	9.4	%	(2.7	)%
2018	(4,304	)	(3,834	)	(2,407	)				2018	(19.5	)%	(16.8	)%	(9.3	)%
	Interest Expense
	Q1		Q2		Q3		Q4	FY
2017	35		79		80		60	254
2018	22		80		115
	Other Expense
	Q1		Q2		Q3		Q4	FY
2017	18		14		14		15	61
2018	12		8		7
	Income (Loss) Before Taxes										Effective Income Tax Rate
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	(3,332	)	(3,101	)	(1,675	)	4,375	(3,733	)	2017	35.7	%	36.5	%	31.0	%	54.4	%	12.3	%
2018	(4,338	)	(3,922	)	(2,529	)				2018	16.1	%	26.1	%	23.4	%
	Net Income (Loss)
	Q1		Q2		Q3		Q4	FY
2017	(2,143	)	(1,970	)	(1,155	)	1,996	(3,272	)
2018	(3,638	)	(2,900	)	(1,938	)
	Depreciation and amortization expense
	Q1		Q2		Q3		Q4	FY
2017	282		274		267		716	1,539
2018	267		259		258

Kitchen Collection, LLC
(in thousands, except percentage data and number of stores)
		Net Working Capital (1)
		Q1		Q2		Q3		Q4		FY
2017		21,863		19,183		18,085		9,453		9,453
2018		14,957		16,818		17,005
		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2017		253		207		229		487		1,176
2018		116		85		75
		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2017		(10,685	)	(1,622	)	1,017		15,945		4,655
2018		(10,898	)	(6,906	)	(574	)
		Net cash used for investing activities
		Q1		Q2		Q3		Q4		FY
2017		(253	)	(207	)	(229	)	(487	)	(1,176	)
2018		(116	)	(79	)	(74	)
		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2017		(10,938	)	(1,829	)	788		15,458		3,479
2018		(11,014	)	(6,985	)	(648	)
		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2017		2,400		1,800		(600	)	(6,670	)	(3,070	)
2018		2,200		6,950		650
		Cash dividends to NACCO
		Q1		Q2		Q3		Q4		FY
2017		3,000		—		—		—		3,000
2018		—		—		—
		Total debt
		Q1		Q2		Q3		Q4		FY
2017		5,400		7,200		6,600		—		—
2018		2,200		9,150		9,800
		Equity
		Q1		Q2		Q3		Q4		FY
2017		16,252		14,282		13,126		15,121		15,121
2018		11,483		8,582		6,644
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.