This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.
10/31/2024
on your telephone keypad. If you would like to withdraw your question, again, press star one. Thank you. I will now hand things over to Luann Napen, head of investor relations. Luann, you may begin your conference.
Thank you, Ian. Good morning, everyone, and welcome to the third quarter 2024 earnings conference call and webcast for Hamilton Beach Brands Holding Company. Yesterday, after the stock market closed, We filed with the SEC our Form 10-Q for the quarter ending September 30, 2024, and we issued our third quarter 2024 earnings release. Both documents are available on our corporate website. Our speakers today are Scott Teide, President and CEO, and Sally Cunningham, Senior Vice President, Chief Financial Officer, and Treasurer. Our presentation today includes forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in either our prepared remarks or during the Q&A. Additional information regarding these risks and uncertainties is available in our 10-Q, our earnings release, and our annual report on Form 10-K for the year ended December 31, 2023. The company disclaims any obligation to update these forward-looking statements which may not be updated until our next quarterly conference call, if at all. The company will also discuss certain non-GAAP measures. Reconciliation for Regulation G purposes can be found in our earnings release. And now I will turn the call over to Scott.
Thank you, Luann. Good morning, everyone, and thank you for joining us. We are pleased with our third quarter results, and I look forward to discussing our strong performance. Before we get to that, I would like to address our recent leadership changes. I'm excited and deeply honored to be here for my first call as president and CEO of our company, a role to which I was appointed by our board of directors October 1st. This leadership change is the result of a thoughtful, long-term succession plan. Last month, our former CEO, Greg Trepp, who is with us today, announced his retirement effective year end. To ensure a smooth transition Greg stepped down as CEO and board member on September 30th and will continue to support us in an advisory role for the rest of his time with the company. It is my pleasure to recognize and thank Greg for his outstanding leadership over his 28 years with our company, especially the past 15 years as CEO. Under his leadership, he built a fantastic global team and cultivated our good thinking culture, which champions innovation. Together, we have achieved notable successes, including growth in sales and market share for Hamilton Beach and ProctorSolix, a strong presence in the premium and commercial markets, advances in e-commerce, the creation of a global home healthcare solutions business, and important advances with our strategy to leverage partnerships and acquisitions. Greg's leadership has positioned us strongly for the future, and we're incredibly grateful for his contributions. And now I'd like to ask Greg to say a few words.
You're reading a preview of the HBB Q3 2024 earnings call.
Free account.
