secwatch.observer — SEC 8-K summary
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Issuer:     LIFETIME BRANDS, INC (LCUT)
CIK:        0000874396
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001628280-22-005506
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lifetime Brands full-year 2021 net sales up 12.2% to $862.9M; adjusted EBITDA $95.1M, up 23%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874396/000162828022005506/0001628280-22-005506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874396/000162828022005506/lcut-20220309.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-005506

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer