earnings
confidence high
sentiment positive
materiality 0.75
Lifetime Brands full-year 2021 net sales up 12.2% to $862.9M; adjusted EBITDA $95.1M, up 23%
LIFETIME BRANDS, INC
- Full-year net sales $862.9M (+12.2% YoY); net income $20.8M ($0.94 diluted EPS) vs loss in 2020.
- Full-year adjusted EBITDA $95.1M (+23% YoY); adjusted diluted EPS $1.67 vs $0.95 in 2020.
- Q4 net sales $255.9M (+2.7%); net loss $(0.6)M ($(0.03)/share) on supply chain; adjusted net income $14.4M ($0.65).
- Quarterly dividend declared at $0.0425/share, payable May 16, 2022 to holders of record May 2, 2022.
- Supply-chain constraints left ~$20M orders unable to ship in Q4; gross margin slightly down to 34.4%.