LCUT
Lifetime Brands, Inc.3.9600
-0.0900-2.22%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A spotlights 2026 growth, M&A surge
Q&A elaborated on 2026 growth levers like Dolly's expansion beyond dollar channels, Mikasa Hospitality's food service gains, cutlery traction, and undisclosed initiatives, expecting normalization after tariff disruptions. Management flagged a ripe M&A pipeline at attractive valuations, as tariff flux squeezes smaller China-reliant players; debt restructure eyed to unlock buybacks post-dividend stability. SG&A cuts sustainable, but incentive comp may rise; FIFO gross margin tailwind fades. Freight rates ticking up, yet low exposure. M&A pipeline looks ripe. Optimistic tone on volume recovery; watch top-line inflection.
Key Stats
Market Cap
89.72MP/E (TTM)
-Basic EPS (TTM)
-1.67Dividend Yield
0.04%Recent Filings
8-K
Q4 profits up despite sales dip
Lifetime Brands reported Q4 2025 net sales of $204.1M, down 5.2% from $215.2M in 2024, yet operating income rose to $20.0M from $15.5M on 38.6% gross margins and 12% lower SG&A. Full-year sales fell 5.1% to $647.9M with a $26.9M net loss from $33.2M goodwill impairment, but adjusted EBITDA hit $50.8M. Dolly brand sales surged 150%. Quarterly dividend declared at $0.0425/share.
10-K
FY2025 results
Lifetime Brands posted FY2025 net sales of $647.9M, down 5.1% y/y, with U.S. sales dropping 5.7% to $591.2M on softer demand from tariff-driven price hikes, while International edged up 1.6% to $56.7M. Q4 accelerated momentum, delivering $27.6M adjusted EBITDA—over half the year's $50.8M total—buoyed by seasonal strength yet pressured by 100bps gross margin contraction to 37.1% from higher tariffs. U.S. debt stood at $189.1M (33% of capital) with $76.6M liquidity; quarterly dividends held at $0.0425/share. Q4 roared. Ongoing tariff volatility threatens supply costs and consumer spending.
8-K
Q3 sales drop, costs cut
Lifetime Brands reported Q3 net sales of $171.9M, down 6.5% from $183.8M last year, yet trimmed SG&A 8.5% to $35.5M through cost controls and Project Concord. Operating income held at $6.7M despite margin pressure to 35.1%. Project Concord advances. Liquidity stands at $50.9M. Tariffs create volatility.
10-Q
Q3 FY2025 results
Lifetime Brands posted Q3 net sales of $171.9M, down 6.5% y/y yet holding operating income at $6.7M (derived), off 22% from $8.6M, thanks to lower distribution and SG&A expenses that squeezed gross margin to 35.1% from 36.7%. YTD sales fell 5.1% to $443.9M while a $33.2M goodwill impairment flipped operating loss to $(29.4)M; net loss widened to $(45.1)M or $(2.08) per diluted share versus $(24.1)M or $(1.12), reconciled to 21.7M shares. Cash jumped to $12.1M with $3.9M operating cash flow less $3.2M capex yielding ~$0.7M FCF (derived), revolver availability covenant-limited to $25.2M alongside $132.2M term loan at 9.75%. International restructuring hit $0.3M. Tariffs shadow demand.
10-Q
Q2 FY2025 results
Lifetime Brands posted Q2 net sales of $131.9M, down 6.9% y/y but up 3.7% q/q (derived), with gross margin steady at 38.6% amid softer U.S. demand in tableware and home solutions, offset by kitchenware gains. Operating loss hit $37.2M, swinging from a $1.2M profit y/y due to a $33.2M goodwill impairment from tariff-driven forecast cuts, while net loss widened to $39.7M or $1.83/share from $18.2M or $0.85/share y/y, reconciled to 21.7M diluted shares with no anti-dilution. Cash climbed to $12.0M on $26.1M YTD operating cash flow, yielding $23.3M free cash flow (derived); total debt stood at $171.1M with $65.7M ABL availability under covenants. Tariffs loom large, squeezing margins if unmitigated.
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