Lifetime Brands Inc (OQ:LCUT)

Sector:  Consumer Cyclicals Industry:  Appliances, Tools & Housewares
 
See Regulatory Filings on SEC
Company Contact
Address: 1000 Stewart Ave
GARDEN CITY NY 11530-4814
Tel: N/A
Website: https://www.lifetimebrands.com
IR: See website
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Key People
Jeffrey Siegel
Chairman of the Board
Daniel T. Siegel
President
Robert B. Kay
Chief Executive Officer, Director
Laurence Winoker
Chief Financial Officer, Executive Vice President, Treasurer
   
Business Overview
Lifetime Brands, Inc. designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through two segments: United States and International. The Company designs, markets and distributes its products to retailers, distributors and directly to consumers through retail Websites. The Company's product categories include two categories of products used to prepare, serve, and consume foods, including Kitchenware (kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantry ware, spice racks and bakeware) and Tableware (dinnerware, stemware, flatware, and giftware). Its Home Solutions category includes products used in the home (thermal beverageware, bath scales, weather and outdoor household products, food storage, neoprene travel products and home decor). Its brands include Farberware, Mikasa, KitchenAid, Taylor, BUILT NY, KitchenCraft, Kamenstein, Pfaltzgraff, Rabbit, and MasterClass.
Financial Overview
For the fiscal year ended 31 December 2023, Lifetime Brands Inc revenues decreased 6% to $686.7M. Net loss increased 36% to $8.4M. Revenues reflect U.S. segment decrease of 5% to $633.1M, International segment decrease of 8% to $53.6M, United States segment decrease of 6% to $599.1M, United Kingdom (Country) segment decrease of 9% to $35M. Dividend per share decreased from $0.17 to $0.13.
Employees: 1,230 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $391.52M as of Dec 31, 2023
Annual revenue (TTM): $686.68M as of Dec 31, 2023
EBITDA (TTM): $54.27M as of Dec 31, 2023
Net annual income (TTM): -$8.41M as of Dec 31, 2023
Free cash flow (TTM): $49.90M as of Dec 31, 2023
Net Debt Last Fiscal Year: $184.78M as of Dec 31, 2023
Shares outstanding: 21,808,141 as of Feb 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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