Hamilton Beach announces $25M stock repurchase program

The Board of Directors approved a stock repurchase program providing for the purchase of up to $25M of the company’s outstanding Class A Common Stock effective January 1, 2024 and running through December 31, 2025. The company’s previously authorized share buyback program was approved by the Board of Directors on February 22, 2022 for the purchase of up to $25M of the company’s outstanding Class A common stock through December 31, 2023. Under the company’s previously authorized share buyback program, through September 30, 2023 the company has repurchased a total of 400,698 shares for a total aggregate purchase price of $4.5M.