Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $15.66 USD
Change Today +0.08 / 0.51%
Volume 3.7K
As of 11:14 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

lifetime brands inc (LCUT) Snapshot

Open
$15.54
Previous Close
$15.58
Day High
$15.71
Day Low
$15.48
52 Week High
04/28/14 - $19.95
52 Week Low
03/12/15 - $12.48
Market Cap
214.7M
Average Volume 10 Days
93.5K
EPS TTM
$0.61
Shares Outstanding
13.7M
EX-Date
04/29/15
P/E TM
25.8x
Dividend
$0.15
Dividend Yield
0.97%
Current Stock Chart for LIFETIME BRANDS INC (LCUT)

lifetime brands inc (LCUT) Related Bloomberg News

View More Bloomberg News

lifetime brands inc (LCUT) Related Businessweek News

View More BusinessWeek News

lifetime brands inc (LCUT) Details

Lifetime Brands, Inc. designs, sources, and sells branded kitchenware, tableware, and other products used in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, bakeware, and novelty housewares and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware. The company also provides home solutions, which comprise other products used in the home, such as pantryware, spice racks, thermal beverageware, food storage, and home décor, as well as neoprene travel products consisting of bags, totes, cases, and sleeves; and sterling silver and pewter giftware products, as well as coffee presses and accessories under the La Cafetière and Randwyck brands. In addition, it owns or licenses various brands, including Farberware, KitchenAid, Mikasa, KitchenCraft, Pfaltzgraff, Fred, Sabatier, masterclass, Kamenstein, Towle, and Built NY. The company serves mass merchants, specialty stores, national chains, department stores, warehouse clubs, supermarkets, off-price retailers, and Internet retailers, as well as directly to consumers through its Pfaltzgraff, Mikasa, Fred and Friends, Built NY, Lifetime Sterling, and The English Table Internet Websites. Lifetime Brands, Inc. was founded in 1945 and is headquartered in Garden City, New York.

1,425 Employees
Last Reported Date: 03/16/15
Founded in 1945

lifetime brands inc (LCUT) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $450.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $425.0K
Vice Chairman and Chief Operating Officer
Total Annual Compensation: $649.7K
Compensation as of Fiscal Year 2013.

lifetime brands inc (LCUT) Key Developments

Lifetime Brands, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Sales Guidance for 2015; Declares Quarterly Dividend, Payable on May 15, 2015

Lifetime Brands, Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net sales were $190.034 million against $164.859 million a year ago. Income from operations was $19.310 million against $15.238 million a year ago. Income before income taxes and equity in earnings was $15.867 million against $15.238 million a year ago. Net income was $9.261 million or $0.66 per diluted share against $9.388 million or $0.72 per diluted share a year ago. Consolidated EBITDA was $20.9 million against $21.011 million a year ago. Adjusted net income was $8.316 million or $0.59 per diluted share against $10.023 million or $0.76 per diluted share a year ago. For the year, net sales were $586.010 million against $502.721 million a year ago. Income from operations was $21.384 million against $28.186 million a year ago. Income before income taxes and equity in earnings was $13.862 million against $23.237 million a year ago. Net income was $1.544 million or $0.11 per diluted share against $9.281 million or $0.71 per diluted share a year ago. Net cash provided by operating activities was $4.589 million against $35.764 million a year ago. Purchases of property and equipment was $6.171 million against $3.842 million a year ago. Consolidated EBITDA was $42.542 million against $43.478 million a year ago. Adjusted net income was $9.200 million or $0.66 per diluted share against $14.496 million or $1.11 per diluted share a year ago. The company announced that the Board of Directors declared a quarterly dividend of $0.0375 per share payable on May 15, 2015 to shareholders of record on May 1, 2015. For 2015, The company expects a solid year and foresee sales increasing by 3-6%. Looking at 2015, there's great opportunity to reduce cost and the company expected to realize benefits in 2015.

Lifetime Brands, Inc. Amends its Bank Credit Agreement

Lifetime Brands, Inc. announced that it has amended its bank credit agreement. The amendment provides for a more gradual reduction in the permitted maximum senior leverage ratio, beginning March 31, 2015, than previously was the case. The amendment also revises the definition of EBITDA to exclude expenses incurred in respect of a financing that the company chose not to complete due to adverse market conditions and the acquisition of Reed & Barton, if not completed. The amendment also includes clarifying language as to the exclusion of potential earn-out payments related to certain completed acquisitions.

Lifetime Brands, Inc. to Report Q4, 2014 Results on Mar 12, 2015

Lifetime Brands, Inc. announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Mar 12, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LCUT:US $15.66 USD +0.08

LCUT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Blyth Inc $7.79 USD -0.03
Checkpoint Systems Inc $10.96 USD +0.15
CSS Industries Inc $29.14 USD +0.62
Ennis Inc $15.37 USD +1.26
JAKKS Pacific Inc $6.90 USD +0.13
View Industry Companies
 

Industry Analysis

LCUT

Industry Average

Valuation LCUT Industry Range
Price/Earnings 100.0x
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 138.0x
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LIFETIME BRANDS INC, please visit www.lifetimebrands.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.