Lifetime Brands reports prelim Q3 net sales ~$191.7M, Adj. EBITDA ~$19.7M; plans to extend Term Loan B to 2027

LIFETIME BRANDS, INC

Preliminary Q3 net sales ~$191.7M, gross margin ~$71.0M (37%), adjusted EBITDA ~$19.7M.
TTM adjusted EBITDA ~$55.5M; cash $6.3M, liquidity ~$198.8M at September 30, 2023.
Launches amendment of Term Loan B due 2025 to extend maturity to August 2027; net leverage neutral.
Final Q3 results expected on November 9, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LIFETIME BRANDS, INC reported third quarter ended September 30, 2023 results: revenue approximately $191.7 million.

Period: third quarter ended September 30, 2023
Revenue: approximately $191.7 million
Result: preliminary results

Exact text from the filing

For the quarter ended September 30, 2023, net sales are estimated to be approximately $191.7 million

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Source: SEC EDGAR

accession 0001628280-23-035042

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