Last $17.99 USD
Change Today -0.01 / -0.06%
Volume 43.6K
LCUT On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

lifetime brands inc (LCUT) Snapshot

Open
$18.00
Previous Close
$18.00
Day High
$18.44
Day Low
$17.90
52 Week High
03/13/14 - $18.84
52 Week Low
05/2/13 - $12.05
Market Cap
240.4M
Average Volume 10 Days
55.8K
EPS TTM
$1.11
Shares Outstanding
13.4M
EX-Date
04/29/14
P/E TM
16.2x
Dividend
$0.15
Dividend Yield
0.73%
Current Stock Chart for LIFETIME BRANDS INC (LCUT)

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lifetime brands inc (LCUT) Details

Lifetime Brands, Inc. designs, sources, and sells branded kitchenware, tableware, and other products used in the home in the United States. It operates through two segments, Wholesale and Retail Direct. The company offers kitchenware products, such as kitchen tools and gadgets, cutlery, cutting boards, cookware, bakeware, and novelty housewares; and tableware products comprising dinnerware, flatware, and glassware. It also provides home solutions that comprise products, such as pantryware, spices, food storage, and home décor products, as well as manufactures sterling silver products. The company owns or licenses various brands, including KitchenAid, Farberware, Mikasa, Pfaltzgraff, Kamenstein, Fred, Towle, Melannco, Elements, and Wallace Silversmiths. In addition, it designs and distributes products to brew and serve coffee and tea under the La Cafetière and Randwyck brands. The company serves mass merchants, specialty stores, national chains, department stores, warehouse clubs, supermarkets, off-price retailers, and Internet retailers, as well as directly to consumers through its Pfaltzgraff, Mikasa, Lifetime Sterling, and The English Table Internet Websites. Lifetime Brands, Inc. was founded in 1945 and is headquartered in Garden City, New York.

1,247 Employees
Last Reported Date: 03/17/14
Founded in 1945

lifetime brands inc (LCUT) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $2.7M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $723.2K
Vice Chairman and Chief Operating Officer
Total Annual Compensation: $1.4M
Senior Vice President of Distribution and Dir...
Total Annual Compensation: $474.2K
Compensation as of Fiscal Year 2012.

lifetime brands inc (LCUT) Key Developments

Lifetime Brands, Inc. Declares Cash Dividend, Payable on May 15, 2014

On March 11, 2014, the Board of Directors of Lifetime Brands, Inc. declared a cash dividend of $0.0375 per share payable on May 15, 2014 to shareholders of record on May 1, 2014.

Lifetime Brands, Inc. Reports Consolidated Unaudited Financial Results for the Fourth Quarter and Full Year Ended December 31, 2013; Plans to Release New Products at The International Home + Housewares Show

Lifetime Brands, Inc. reported consolidated unaudited financial results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net sales of $164,859,000 against $154,812,000 a year ago. Income from operations was $16,596,000 against $14,539,000 a year ago. Income before income taxes and equity in earnings was $15,238,000 against $13,285,000 a year ago. Net income was $9,388,000 against $15,154,000 a year ago. Diluted income per share was $0.72 against $1.19 a year ago. Consolidated EBITDA was $21,011,000 against $17,868,000 a year ago. Adjusted diluted income per share was $0.76 against $0.67 a year ago. Adjusted net income was $10,023,000 against $8,679,000 a year ago. For the year, the company reported net sales of $502,721,000 against $486,842,000 a year ago. Income from operations was $28,186,000 against $27,335,000 a year ago. Income before income taxes and equity in earnings was $23,237,000 against $20,074,000 a year ago. Net income was $9,281,000 against $20,947,000 a year ago. Diluted income per share was $0.71 against $1.64 a year ago. Net cash provided by operating activities was $36,312,000 against $22,697,000 a year ago. Purchases of property and equipment was $3,842,000 against $4,955,000 a year ago. Consolidated EBITDA was $43,478,000 against $41,242,000 a year ago. Adjusted net income was $14,496,000 against $16,156,000 a year ago. Adjusted diluted income per share was $1.11 against $1.26 a year ago. Despite these challenges, consolidated net sales grew by 3.3%. This growth was driven by the addition of Fred & Friends and increases in core U.S. kitchenware categories, offset by decreases in U.S. tableware businesses and at Creative Tops, U.K. subsidiary, due to the impact of the higher duties on ceramic products. The company announced that in March 2014, it will introduce a large number of new products and ten new brands at The International Home + Housewares Show.

Lifetime Brands, Inc. Provides Earnings Guidance for the Full Year of 2014

Lifetime Brands, Inc. provided earnings guidance for the full year of 2014. The company currently projects sales to increase by approximately 5% organically and approximately 50% from the recently announced acquisitions. Gross margin percentage and distribution expense percentage are expected to be in line with 2013. Income tax rate is expected to be 37% to 39%. Capital expenditures to be in the range of $4 million to $6 million, subject to acquisition-related integration costs.

 

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LCUT

Industry Average

Valuation LCUT Industry Range
Price/Earnings 25.3x
Price/Sales 0.5x
Price/Book 1.3x
Price/Cash Flow 25.9x
TEV/Sales 0.3x
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