Lifetime Brands Inc Stock Price, News & Analysis

Lifetime Brands, Inc. (NasdaqGS: LCUT) announced a new share repurchase program allowing the purchase of up to $20 million of common stock, replacing a prior $10 million program. CEO Robert Kay highlighted this move as a reflection of the Company's strong cash generation and confidence in future growth prospects. The repurchase will occur through various methods and is not bound by an expiration date, allowing flexibility depending on market conditions. This strategy aims to enhance long-term shareholder value.

Lifetime Brands, a global designer and marketer of consumer products, reported strong financial results for 2021, with net income of $20.8 million and adjusted EBITDA of $95.1 million, reflecting a 23% increase from the previous year. Full-year net sales rose 12.2% to $862.9 million. Despite challenges such as supply chain constraints, fourth-quarter net sales increased 2.7% year-over-year. The Board declared a quarterly dividend of $0.0425 per share, payable on May 16, 2022. The company is well-positioned for continued growth in 2022.

Lifetime Brands, Inc. (NasdaqGS: LCUT) has acquired the business and select assets of S’well Bottle, a leading designer of reusable hydration products, enhancing its portfolio in sustainable kitchenware. Founded in 2010, S’well is recognized for its innovative vacuum-insulated bottles and has a strong e-commerce presence. This acquisition is expected to contribute approximately $4.5 million in annualized EBITDA once fully integrated. The transition is projected to be completed in Q2 2022, with S’well’s founder continuing in an advisory role.

Lifetime Brands, Inc. (NasdaqGS: LCUT) will announce its fourth quarter and fiscal year 2021 financial results on March 9, 2022, at 7:00 a.m. ET. The conference call for discussing these results will occur at 11:00 a.m. ET, featuring CEO Rob Kay and CFO Larry Winoker. Investors can join the call by dialing (877) 524-8416 for U.S. participants or (412) 902-1028 for international calls. A live webcast will also be available for those who prefer online access. Audio replays of the conference call will be accessible for later listening.

Lifetime Brands (LCUT) reported a strong financial performance for Q3 2021, driven by a 5.5% increase in gross profit. Consolidated net sales reached $224.8 million, maintaining the same level as the previous year. Gross margin improved to 37.0%, contributing to an adjusted EBITDA of $96.7 million, a 25.1% increase over the last twelve months. The company raised its full-year guidance, projecting net sales between $870 and $890 million. Despite ongoing supply chain challenges, the company's proactive measures have strengthened customer demand and operational efficiency.

Lifetime Brands, Inc. (NasdaqGS: LCUT) will announce its third quarter 2021 financial results on November 4, 2021, at 7:00 a.m. ET. Following the announcement, CEO Rob Kay and CFO Larry Winoker will host a conference call at 11:00 a.m. to discuss the results and answer investor questions. Interested parties can join the call using the dial-in number (877) 876-9177 (U.S.) or (785) 424-1672 (International), with Conference ID: LCUTQ321. A webcast will also be available for those unable to attend live.

Lifetime Brands, a global designer of consumer products, will present at the Sidoti Virtual Microcap Conference on August 18, 2021, at 11:30 AM ET. CEO Robert Kay and CFO Laurence Winoker will lead the presentation, which attendees can access through a provided link. The company is known for its wide range of brands in kitchenware, tableware, and home solutions, including Farberware, KitchenAid, and Mikasa. This event is an opportunity for investors to gain insights into the company's operations and market performance.

Lifetime Brands, Inc. (NasdaqGS: LCUT) reported a strong financial performance for Q2 2021, with consolidated net sales of $186.6 million, up 24.3% from $150.1 million in Q2 2020. The company experienced a net income of $5.8 million ($0.26 per diluted share), rebounding from a net loss of $(4.0) million in the previous year. They raised their full year 2021 guidance for net sales to $870-$890 million. The company declared a quarterly dividend of $0.0425 per share, payable on November 15, 2021. Their focus remains on inventory investment and mitigating supply chain challenges.

Lifetime Brands, Inc. (NasdaqGS: LCUT) will release its second quarter 2021 financial results on August 5, 2021, at 7:00 a.m. Eastern Time. The company will host a conference call at 11:00 a.m. the same day, with CEO Rob Kay and CFO Larry Winoker discussing the results and answering investor questions. Investors can access the call via phone or through a live webcast. Lifetime Brands is known for its extensive portfolio of kitchenware, tableware, and home solution brands, providing products under well-recognized names like Farberware®, KitchenAid®, and Mikasa®.