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Hamilton Beach: Q4 Earnings Snapshot

GLEN ALLEN, Va. (AP) — GLEN ALLEN, Va. (AP) — Hamilton Beach Brands Holding Co. (HBB) on Wednesday reported net income of $18.5 million in its fourth quarter.

On a per-share basis, the Glen Allen, Virginia-based company said it had net income of $1.38.

The holding company for makers of small household appliances and kitchenware posted revenue of $212.9 million in the period.

For the year, the company reported profit of $26.5 million, or $1.95 per share. Revenue was reported as $606.9 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBB at https://www.zacks.com/ap/HBB

First major 2026 Atlantic hurricane forecast predicts below-average season

▶ Watch Video: Researchers predict slightly fewer hurricanes than usual this season Fewer storms than usual may develop during the 2026 Atlantic hurricane season, researchers say, as climate patterns seem poised to favor below-average activity compared with a typical year.That prediction anchors the latest annual hurricane forecast from Colorado State University's Tropical Cyclones, Radar, Atmospheric Modeling and Software team, which was initially released in April and updated Wednesday. Colorado State University's team of experts estimate that 2026 will see nine named storms develop in the Atlantic basin, including four hurricanes and one major hurricane (defined as Category 3 or higher). Those estimates were revised down from 13 named storms, six hurricanes and two major hurricanes, as the researchers originally predicted.They could occur at any point in the season, which officially runs from June 1 to Nov. 30 and peaks between August and October. Researchers will be keeping an eye on conditions that could hint at their projected timing, since the forecast always carries some uncertainty. Phil Klotzbach, its lead author, said at a news conference unveiling the team's April predictions that "there are curveballs that could come our way."This forecast will be continuously updated as hurricane season progresses. They are closely monitored each year by leaders and residents of hurricane-prone states — especially Florida and states along the Gulf Coast and Eastern Seaboard — readying themselves for the possibilities ahead.The National Oceanic and Atmospheric Administration has also released its forecast, similarly predicting a below-average season."We always recommend, to coastal residents, to prepare the same way for every season," Delián Colón-Burgos, who co-authored the forecast, told CBS News. Hurricane activity this year will dip below 75% of the long-term seasonal average, according to the forecast. If accurate, that would mark a decrease from last year's hurricane season, which brought 13 named storms, five hurricanes and four major hurricanes, although none made direct landfall in the U.S. in 2025. Federal data show an average season has 14 named storms, seven hurricanes and three major hurricanes.Colorado State University's 2026 Atlantic hurricane forecast released on July 8, 2026, compared with the university's April forecast and the number of named storms, hurricanes and major hurricanes that develop during an average season.  Nikki Nolan/CBS News
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