---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-038052"
form_type: "8-K"
ticker: "LCUT"
cik: "0000874396"
company_name: "LIFETIME BRANDS, INC"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:18:29.080071+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lifetime Brands Q3 net income $4.2M vs loss; raises FY 2023 guidance

## Summary
- Q3 net sales $191.7M (+2.7% YoY); net income $4.2M ($0.20 diluted EPS) vs loss of $(6.4M) ($(0.30)).
- Adjusted net income $7.7M ($0.36 diluted EPS), up from $6.2M ($0.29) in prior year.
- FY 2023 guidance raised: net sales $670-690M, adjusted EBITDA $52-55M, adjusted EPS $0.51-0.56.
- Launched Term Loan B amendment extending maturity to Aug 2027; closing expected Q4 2023.
- Declared regular quarterly dividend; liquidity $198.8M at Sept 30.

## SEC filing metadata
- accession: 0001628280-23-038052
- form_type: 8-K
- ticker: LCUT
- cik: 0000874396
- company_name: LIFETIME BRANDS, INC
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874396/000162828023038052/0001628280-23-038052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874396/000162828023038052/lcut-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-038052
- JSON: https://secwatch.observer/filing/0001628280-23-038052.json
- Plain text: https://secwatch.observer/filing/0001628280-23-038052.txt

## Key facts
- Earnings Releases
  LIFETIME BRANDS, INC reported the full year ending December 31, 2023 results: revenue $670 to $690 million, net income $(7.2) to $(6.0) million, EPS $(0.33) to $(0.28) per share. Guidance raised.
  - Period: the full year ending December 31, 2023
  - Revenue: $670 to $690 million
  - Net income: $(7.2) to $(6.0) million
  - EPS: $(0.33) to $(0.28) per share
  - Guidance: raised
  - Result: guidance update
  source text: we are raising the low end of our full year 2023 guidance. We now expect net sales in the range of $670 to $690 million and adjusted EBITDA in the range of $52 to $55 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023038052/0001628280-23-038052-index.htm
- Earnings Releases
  LIFETIME BRANDS, INC reported the third quarter ended September 30, 2023 results: revenue $191.7 million, net income $4.2 million, EPS $0.20 per diluted share. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $191.7 million
  - Net income: $4.2 million
  - EPS: $0.20 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Consolidated net sales for the three months ended September 30, 2023 were $191.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023038052/0001628280-23-038052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.