LIFETIME BRANDS, INC shareholders approved Advisory approval of the 2025 compensation of named executive officers.
“Proposal 3 The Company’s stockholders voted to approve, on an advisory, non-binding basis, the 2025 compensation of the Company’s named executive officers, based on the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 15,747,252 65,124 322,022 4,529,514”
Shareholder Votes
LIFETIME BRANDS, INC shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-12-31 meeting.
“Proposal 2 The Company’s stockholders voted to ratify the appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, based on the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 20,397,055 157,901 108,956 0”
Shareholder Votes
LIFETIME BRANDS, INC shareholders approved Election of nine directors to serve until the 2027 Annual Meeting.
“Proposal 1 The Company’s stockholders elected each of the following nine (9) nominees unanimously recommended by the Board, each of whom were named in the Proxy Statement, to serve on the Board to hold office until the 2027 Annual Meeting of Stockholders or until their successors are duly elected and qualified, based on the following votes: FOR WITHHELD ABSTAIN BROKER NON-VOTES Jeffrey Siegel 13,617,253 2,515,911 1,234 4,529,514 Robert B. Kay 15,051,616 1,081,549 1,233 4,529,514 Jeffrey H. Evans 15,057,303 1,075,862 1,233 4,529,514 Rachael A. Jarosh 15,028,730 1,105,195 473 4,529,514 Cherrie Nanninga 14,002,619 2,131,306 473 4,529,514 Bruce G. Pollack 14,620,592 1,512,573 1,233 4,529,514 Michael J. Regan 14,040,509 2,092,656 1,233 4,529,514 Michael Schnabel 15,027,990 1,105,175 1,233 4,529,514 Daniel Siegel 14,995,177 1,137,988 1,233 4,529,514”
Earnings Releases
LIFETIME BRANDS, INC reported the quarter ended March 31, 2026 results: revenue $143.5 million, net income $(4.8) million, or $(0.22) per diluted share. Guidance reaffirmed.
“playbook and the momentum to deliver on our commitments to shareholders.” First Quarter Financial Results: Consolidated net sales for the three months ended March 31, 2026 were $143.5 million, representing an increase of $3.4 million, or 2.4%, as compared to net sales of $140.1 million for the corresponding period in 2025. In constant currency, a non-GAAP financial”
Earnings Releases
LIFETIME BRANDS, INC reported the year ended December 31, 2025 results: revenue $647.9 million, net income $(26.9) million, EPS $(1.24) per diluted share.
“Full Year Financial Results: Consolidated net sales for the year ended December 31, 2025, were $647.9 million, a decrease of $35.1 million, or 5.1%, as compared to consolidated net sales of $683.0 million for the corresponding period in 2024. In constant currency, a non-GAAP financial measure, which excludes the impact of foreign exchange fluctuations and was determined by applying 2025 average rates to 2024 local currency amounts, consolidated net sales decreased $36.9 million, or 5.4%, as compared to consolidated net sales in the corresponding period in 2024. A table reconciling this non-GAAP financial measure to consolidated net sales, as reported, is included below. 1 Gross margin for 2025 was $240.7 million, or 37.1%, compared to $260.7 million, or 38.2%, for the corresponding period in 2024. Selling, general and administrative expenses for 2025 were $142.4 million, a decrease of $17.4 million, or 10.9%, as compared to $159.8 million for the corresponding period in 2024. Loss from”
Earnings Releases
LIFETIME BRANDS, INC reported the three months ended December 31, 2025 results: revenue $204.1 million, net income $18.2 million, EPS $0.83 per diluted share.
“Fourth Quarter Financial Results: Consolidated net sales for the three months ended December 31, 2025, were $204.1 million, representing a decrease of $11.1 million or 5.2%, as compared to $215.2 million for the corresponding period in 2024. In constant currency, a non-GAAP financial measure, which excludes the impact of foreign exchange fluctuations and was determined by applying 2025 average rates to 2024 local currency amounts, consolidated net sales decreased $12.0 million or 5.6% in the fourth quarter of 2025, as compared to consolidated net sales in the corresponding period in 2024. A table reconciling this non-GAAP financial measure to consolidated net sales, as reported, is included below. Gross margin for the three months ended December 31, 2025 was $78.8 million, or 38.6%, as compared to $81.2 million, or 37.7%, for the corresponding period in 2024. Selling, general and administrative expenses for the three months ended December 31, 2025 were $38.0 million, a decrease of $5.2”
Restructurings & Charges
LIFETIME BRANDS, INC announced a restructuring with charges of up to $7 million affecting Robbinsville, NJ facility.
“On January 17, 2025, the Board of Directors of the Company approved the Lease and related transactions. In connection with the relocation, the Company will exit the facility in Robbinsville, NJ. The Company expects to incur one-time exit costs up to $7 million, for employee severance, certain employee relocation costs, and remaining lease costs for the Robbinsville facility through the end of the term.”
Jeffrey Evans was appointed as independent director at LIFETIME BRANDS, INC.
“appointed Jeffrey Evans to serve as an independent director on the Board of the Company, effective immediately.”
Earnings Releases
LIFETIME BRANDS, INC reported first quarter ended March 31, 2024 results: revenue $142.2 million, net income $(6.3) million, or $(0.29) per diluted share, EPS $(0.29) per diluted share.
“Consolidated net sales for the three months ended March 31, 2024 were $142.2 million, representing a decrease of $3.2 million, or 2.2%, as compared to net sales of $145.4 million for the corresponding period in 2023.”
Earnings Releases
LIFETIME BRANDS, INC reported year ended December 31, 2023 results: revenue $686.7 million, net income $(8.4) million, or $(0.40) per diluted share, EPS $(0.40) per diluted share.
“its most comparable GAAP financial measure, as reported, is included below. 1 Full Year Financial Highlights: Consolidated net sales for the year ended December 31, 2023, were $686.7 million, a decrease of $41.0 million, or 5.6%, as compared to consolidated net sales of $727.7 million for the corresponding period in 2022. In constant currency, a non-GAAP financial”
Earnings Releases
LIFETIME BRANDS, INC reported fourth quarter ended December 31, 2023 results: revenue $203.1 million, net income $2.7 million, or $0.13 per diluted share, EPS $0.13 per diluted share.
“and deliver on our strategy, which will generate value in 2024.” Fourth Quarter Financial Highlights: Consolidated net sales for the three months ended December 31, 2023, were $203.1 million, representing a decrease of $3.9 million or 1.9%, as compared to $207.0 million for the corresponding period in 2022. In constant currency, a non-GAAP financial measure, which”
Debt Financings
LIFETIME BRANDS, INC amended credit facility of $150.0 million with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR (Term SOFR plus the Term SOFR Adjustment) for the applicable maturing August 26, 2027.
“The Amendment, among other things, converted the Company's remaining Tranche B Term Loans to Extended Term Loans in an outstanding principal amount of $150.0 million and with a maturity of August 26, 2027”
Material Agreements
LIFETIME BRANDS, INC amended Amendment No. 2 with JPMorgan Chase Bank, N.A., as Administrative Agent and adding Manufacturers and Traders Trust Company, as syndication agent valued at $150.0 million (effective 2023-11-14).
“On November 14, 2023, Lifetime Brands, Inc. (the “Company”), entered into Amendment No. 2 (the “Amendment”) to amend that certain Loan Agreement, dated as of March 2, 2018, among the Company, as borrower, the other loan parties from time to time party thereto, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent and adding Manufacturers and Traders Trust Company, as syndication agent (the “Term Loan Agreement”).”
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.
“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”
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.
“Consolidated net sales for the three months ended September 30, 2023 were $191.7 million”
Earnings Releases
LIFETIME BRANDS, INC reported third quarter ended September 30, 2023 results: revenue approximately $191.7 million.
“For the quarter ended September 30, 2023, net sales are estimated to be approximately $191.7 million”
Earnings Releases
LIFETIME BRANDS, INC reported the full year ending December 31, 2023 results: revenue $660 to $720 million, net income $(6.1) to $(3.8) million, EPS $(0.28) to $(0.17) per share. Guidance reaffirmed.
“below primarily as a result of the non-cash impairment charge in the Company’s equity investment in Grupo Vasconia that was recorded in the second quarter of 2023. Net sales $660 to $720 million Income from operations $24.5 to $29.5 million Adjusted income from operations $41.5 to $46.5 million Net loss $(6.1) to $(3.8) million Adjusted net income $11.6 to”
Earnings Releases
LIFETIME BRANDS, INC reported the six months ended June 30, 2023 results: revenue $291.9 million, net income $(15.3) million, or $(0.72) per diluted share, EPS $(0.72) per diluted share.
“Consolidated net sales for the six months ended June 30, 2023 were $291.9 million”
Earnings Releases
LIFETIME BRANDS, INC reported the quarter ended June 30, 2023 results: revenue $146.4 million, net income $(6.5) million, or $(0.31) per diluted share, EPS $(0.31) per diluted share. Guidance reaffirmed.
“Consolidated net sales for the three months ended June 30, 2023 were $146.4 million”
Shareholder Votes
LIFETIME BRANDS, INC shareholders approved Approval, on a non-binding advisory basis, of the 2022 compensation of the named executive officers at the 2023-06-22 meeting.
“Proposal 3: Approval, on a Non-Binding Advisory Basis, the 2022 Compensation of the Company’s Named Executive Officers The 2022 compensation of the Company’s named executive officers was approved on a non-binding advisory basis, based on the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 13,865,159 1,101,795 412,540 3,917,868”
Shareholder Votes
LIFETIME BRANDS, INC shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-06-22 meeting.
“Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm for Fiscal Year 2023 The appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified based on the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 19,267,424 28,941 997 0”
Shareholder Votes
LIFETIME BRANDS, INC shareholders approved Election of nine directors named in the Proxy Statement to serve until 2024 Annual Meeting at the 2023-06-22 meeting.
“Proposal 1: Election of Directors The following nine (9) nominees unanimously recommended by the Company's Board of Directors (the “Board”), each of whom were named in the 2023 Proxy Statement, were elected to serve on the Board to hold office until the 2024 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified, based on the following votes: FOR WITHHELD ABSTAIN BROKER NON-VOTES Jeffrey Siegel 14,104,599 1,274,070 825 3,917,868 Robert B. Kay 15,091,044 287,275 1,175 3,917,868 Rachael A. Jarosh 14,897,156 480,331 2,007 3,917,868 Cherrie Nanninga 14,469,156 908,751 1,587 3,917,868 Craig Phillips 14,161,852 1,215,555 2,087 3,917,868 Veronique Gabai-Pinsky 14,898,381 479,506 1,607 3,917,868 Bruce G. Pollack 14,892,975 484,432 2,087 3,917,868 Michael J. Regan 14,891,090 486,317 2,087 3,917,868 Michael Schnabel 14,892,880 484,377 2,237 3,917,868”
Earnings Releases
LIFETIME BRANDS, INC reported First Quarter 2023 results: revenue $145.4 million, net income $(8.8) million, EPS $(0.41) per diluted share.
“First Quarter Financial Highlights: Consolidated net sales for the three months ended March 31, 2023 were $145.4 million, representing a decrease of $37.3 million, or 20.4%, as compared to net sales of $182.7 million for the corresponding period in 2022. In constant currency, a non-GAAP financial measure, which excludes the impact of foreign exchange fluctuations and was determined by applying 2023 average rates to 2022 local currency amounts, consolidated net sales decreased by $35.4 million, or 19.6%, as compared to consolidated net sales in the corresponding period in 2022. A table reconciling this non-GAAP financial measure to consolidated net sales, as reported, is included below. Gross margin for the three months ended March 31, 2023 was $53.8 million, or 37.0%, as compared to $63.1 million, or 34.5%, for the corresponding period in 2022. Loss from operations was $(1.8) million, as compared to income from operations of $4.4 million for the corresponding period in 2022. Adjusted i”
Earnings Releases
LIFETIME BRANDS, INC reported the year ended December 31, 2022 results: revenue $727.7 million, net income $(6.2) million, EPS $(0.29) per diluted share.
“Consolidated net sales for the year ended December 31, 2022, were $727.7 million, a decrease of $135.2 million, or 15.7%, as compared to consolidated net sales of $862.9 million for the corresponding period in 2021.”
Earnings Releases
LIFETIME BRANDS, INC reported the fourth quarter ended December 31, 2022 results: revenue $207.0 million, net income $3.3 million, EPS $0.15 per diluted share.
“Consolidated net sales for the three months ended December 31, 2022, were $207.0 million, representing a decrease of $48.9 million or 19.1%, as compared to $255.9 million for the corresponding period in 2021.”
Debt Financings
LIFETIME BRANDS, INC amended term loan with JPMorgan Chase Bank, N.A. at replaces the LIBOR-based interest rates with SOFR-based interest rates.
“The Amendment replaces the LIBOR-based interest rates with SOFR-based interest rates and modifies the provisions for determining an alternative rate of interest upon the occurrence of certain events relating to the availability of interest rate benchmarks.”
Material Agreements
LIFETIME BRANDS, INC amended Amendment No. 1 with JPMorgan Chase Bank, N.A. (as Administrative Agent) and Golub Capital LLC (as syndication agent) (effective 2022-12-29).
“On December 29, 2022, Lifetime Brands, Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to amend that certain Loan Agreement, dated as of March 2, 2018, among the Company, as borrower, the other loan parties from time to time party thereto, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and Golub Capital LLC, as syndication agent (the “Term Loan Agreement”).”
Earnings Releases
LIFETIME BRANDS, INC reported the quarter ended September 30, 2022 results: revenue $186.6 million, net income $(6.4) million, or $(0.30) per diluted share, EPS $(0.30) per diluted share.
“operating and financial flexibility in this uncertain environment.” Third Quarter Financial Highlights: Consolidated net sales for the three months ended September 30, 2022 were $186.6 million, representing a decrease of $38.2 million, or 17.0%, as compared to net sales of $224.8 million for the corresponding period in 2021. In constant currency, a non-GAAP financial”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.