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Lifetime Brands Inc (LCUT.OQ)

LCUT.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Lifetime Brands Reports Q4 Earnings Per Share Of $0.08
Thursday, 15 Mar 2018 07:00am EDT 

March 15 (Reuters) - Lifetime Brands Inc ::LIFETIME BRANDS, INC. REPORTS FOURTH QUARTER 2017 FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.47.Q4 EARNINGS PER SHARE $0.08.Q4 SALES FELL 5.6 PERCENT TO $182.8 MILLION."OUR Q4 OPERATING RESULTS WERE DISAPPOINTING, RESULTING IN FULL YEAR 2017 PERFORMANCE THAT WAS BELOW OUR EXPECTATIONS".  Full Article

Lifetime Brands Receives Stockholder Approval For Filament Acquisition
Wednesday, 28 Feb 2018 11:00am EST 

Feb 28 (Reuters) - Lifetime Brands Inc ::LIFETIME BRANDS RECEIVES STOCKHOLDER APPROVAL FOR FILAMENT ACQUISITION.LIFETIME BRANDS INC - PREVIOUSLY ANNOUNCED ACQUISITION OF FILAMENT BRANDS EXPECTED TO BE COMPLETED ON OR ABOUT MARCH 2.  Full Article

Lifetime Brands To Acquire Filament Brands
Friday, 22 Dec 2017 08:00am EST 

Dec 22 (Reuters) - Lifetime Brands Inc ::LIFETIME BRANDS TO ACQUIRE FILAMENT BRANDS.LIFETIME BRANDS INC - ‍TRANSACTION EXPECTED TO BE MEANINGFULLY ACCRETIVE TO NORMALIZED EPS IN FIRST FULL YEAR AFTER CLOSE​.LIFETIME BRANDS INC - TRANSACTION VALUES FILAMENT AT AN ENTERPRISE VALUE OF APPROXIMATELY $313 MILLION.LIFETIME BRANDS INC - ‍SHAREHOLDERS OF FILAMENT, LED BY CENTRE PARTNERS, TO OWN 27% OF LIFETIME​.LIFETIME BRANDS INC - LIFETIME EXPECTS TRANSACTION TO BE ACCRETIVE TO EBITDA MARGINS BY APPROXIMATELY 400 BASIS POINTS.LIFETIME BRANDS - NEW MANAGEMENT TEAM TO BE LED BY ROB KAY AS CEO.LIFETIME BRANDS - INTENDS TO FUND CASH PORTION WITH PROCEEDS FROM NEWLY COMMITTED $275 MILLION SENIOR SECURED TERM LOAN & A $150 MILLION NEW ASSET BASED LOAN.LIFETIME BRANDS SAYS WILL CONTINUE TO BE HEADQUARTERED IN GARDEN CITY, NEW YORK.LIFETIME BRANDS INC - UPON COMPLETION OF TRANSACTION, CURRENT LIFETIME CEO JEFFREY SIEGEL WILL BECOME EXECUTIVE CHAIRMAN OF CO.LIFETIME - UNDER TERMS, KAY & 2 REPRESENTATIVES OF CENTRE PARTNERS, BRUCE POLLACK & MICHAEL SCHNABEL TO JOIN CO'S BOARD, EXPANDING BOARD TO 13 MEMBERS.  Full Article

Lifetime brands Q3 adjusted earnings per share $0.37
Thursday, 9 Nov 2017 07:00am EST 

Nov 9 (Reuters) - Lifetime Brands Inc :Lifetime Brands Inc reports third quarter financial results.Q3 adjusted earnings per share $0.37.Q3 earnings per share $0.29.Q3 sales $166 million versus $170.1 million.Lifetime Brands Inc - ‍now expect full-year 2017 consolidated net sales to be approximately flat to last year's (excluding foreign currency impact)​.Lifetime Brands Inc - ‍now expect full-year 2017 gross margin to improve approximately 25 basis points​.Lifetime Brands Inc - ‍in Europe, co is continuing with integration of Kitchencraft and Creative Tops​.Lifetime Brands Inc - ‍in U.K., environment also has been difficult.  Full Article

Lifetime Brands Q2 adjusted loss per share $0.05
Tuesday, 8 Aug 2017 07:00am EDT 

Aug 8 (Reuters) - Lifetime Brands Inc ::Lifetime brands, inc. Reports second quarter financial results.Q2 adjusted loss per share $0.05.Q2 loss per share $0.14.Q2 sales $117.4 million versus $118.1 million.‍"adjusting our guidance to reflect full year consolidated net sales growth of approximately 1.5%"​.  Full Article

Lifetime Brands Q1 adjusted loss per share $0.11
Tuesday, 9 May 2017 07:00am EDT 

May 9 (Reuters) - Lifetime Brands Inc :Lifetime brands, inc. Reports first quarter financial results.Q1 adjusted loss per share $0.11.Q1 loss per share $0.09.Q1 sales $113.4 million versus $110.9 million.  Full Article

Lifetime Brands rejects unsolicited acquisition proposal from Mill Road Capital Management
Tuesday, 18 Apr 2017 04:45pm EDT 

April 18 (Reuters) - Lifetime Brands Inc ::Lifetime Brands board unanimously rejects unsolicited acquisition proposal from Mill Road Capital Management Llc.Lifetime Brands-board unanimously determined pursuing mill road capital management's acquisition proposal "was not in best interests" of co's stockholders.  Full Article

Lifetime Brands confirms receipt of unsolicited indication of interest
Tuesday, 14 Mar 2017 04:02pm EDT 

Lifetime Brands Inc : Lifetime Brands confirms receipt of unsolicited indication of interest . Lifetime Brands Inc- board will carefully evaluate and consider the indication of interest in due course in context of lifetime's strategic plans . Lifetime Brands Inc - J.P. Morgan chase is serving as financial advisor to lifetime; Morgan, Lewis & Bockius LLP is Lifetime's legal advisor .Lifetime Brands - received indication of interest from mill road capital management expressing interest in acquiring all shares of co for $20/share.  Full Article

Lifetime Brands acquires Copco product line from Wilton Brands
Thursday, 6 Oct 2016 08:00am EDT 

Lifetime Brands Inc : Lifetime Brands acquires Copco® thermal and hydration beverageware, tea kettles and kitchen organization products . Terms of acquisition were not announced .Acquisition is expected to be accretive to company's diluted earnings per share in 2016.  Full Article

Lifetime Brands and Focus Products announce agreement
Wednesday, 31 Aug 2016 09:15am EDT 

Lifetime Brands Inc : Lifetime Brands and Focus Products Group announce agreement . Lifetime would acquire kitchen division of Focus Products Group .Company and Focus Products Group International intend to sign definitive purchase agreement in next 2 weeks, close transaction same day.  Full Article

BRIEF-Lifetime Brands Reports Q4 Earnings Per Share Of $0.08

* LIFETIME BRANDS, INC. REPORTS FOURTH QUARTER 2017 FINANCIAL RESULTS