LIFETIME BRANDS, INC LCUT
The Company is a Delaware corporation, incorporated on December 22, 1983.
The Company designs, sources and sells branded kitchenware, tableware and other home solution products used in the home and markets its products under a number of widely-recognized brand names and trademarks, which are either owned or licensed by the Company or through retailers' private labels and their licensed brands. The Company's products, which are targeted primarily towards consumers purchasing moderately priced kitchenware, tableware and housewares, are sold through virtually every major level of trade. The Company generally markets several lines within each of its product categories under more than one brand. The Company sells its products directly to retailers (who may resell the Company's products through their websites) and, to a lesser extent, to distributors. The Company also sells a limited selection of its products directly to consumers through its own websites.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $647.9M | $683.0M | $686.7M | $727.7M | $862.9M | $769.2M | $734.9M | $704.5M | $579.5M | $592.6M |
| Cost of revenue | $407.2M | $422.2M | $432.0M | $467.3M | $559.6M | $495.2M | $479.7M | $448.8M | $364.3M | $375.7M |
| Gross profit | $240.7M | $260.7M | $254.6M | $260.3M | $303.3M | $274.0M | $255.2M | $255.8M | $215.2M | $216.9M |
| SG&A | $142.4M | $159.8M | $152.6M | $154.5M | $156.4M | $155.9M | $161.6M | $162.9M | $140.9M | $130.4M |
| Operating income | -$9.4M | $27.1M | $31.9M | $24.3M | $50.8M | $25.0M | -$23.4M | $18.6M | $15.2M | $27.1M |
| Interest expense | $20.0M | $22.2M | $21.7M | $17.2M | $15.5M | $17.3M | $20.8M | $18.0M | $4.3M | $4.8M |
| Pre-tax income | -$30.2M | -$9.7M | $10.5M | $9.0M | $36.4M | $5.5M | -$43.8M | $509.0K | $10.8M | $22.0M |
| Income tax | $3.3M | $3.3M | $6.2M | $5.7M | $16.5M | $9.9M | $1.1M | $2.9M | $9.0M | $7.0M |
| Net income | -$27.0M | -$15.0M | -$8.0M | -$6.2M | $20.8M | -$3.0M | -$44.4M | -$1.7M | $2.2M | $15.7M |
| EPS, basic | -1.24 | -0.71 | -0.40 | -0.29 | 0.97 | -0.14 | -2.16 | -0.09 | 0.15 | 1.11 |
| EPS, diluted | -1.24 | -0.71 | -0.40 | -0.29 | 0.94 | -0.14 | -2.16 | -0.09 | 0.14 | 1.08 |
| Shares, diluted (wtd. avg.) | $21.7M | $21.5M | $21.2M | $21.6M | $22.0M | $20.9M | $20.6M | $19.5M | $15.0M | $14.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.3M | $2.9M | $16.2M | $23.6M | $28.0M | $36.0M | $11.4M | $7.6M | $7.6M | $7.9M |
| Receivables | $161.9M | $156.7M | $155.2M | $141.2M | $175.1M | $170.0M | $128.6M | $125.3M | $108.0M | $104.6M |
| Inventory | $194.0M | $202.4M | $188.6M | $222.2M | $270.5M | $203.2M | $173.4M | $173.6M | $132.4M | $135.2M |
| Total current assets | $373.9M | $373.6M | $376.4M | $400.3M | $485.1M | $421.3M | $329.2M | $318.8M | $258.4M | $256.4M |
| Property, plant and equipment | $15.4M | $15.0M | $17.0M | $18.0M | $20.7M | $23.1M | $28.2M | $25.8M | $23.1M | $21.1M |
| Goodwill | $0 | $33.2M | $33.2M | $33.2M | $30.3M | $30.3M | $49.4M | $91.7M | $15.8M | $14.2M |
| Other intangibles | $132.9M | $150.3M | $165.9M | $180.7M | $182.4M | $213.8M | $231.1M | $247.2M | $72.7M | $75.0M |
| Total assets | $572.6M | $634.3M | $667.1M | $725.9M | $829.1M | $807.5M | $770.0M | $708.6M | $401.5M | $399.9M |
| Accounts payable | $45.8M | $60.0M | $54.2M | $38.1M | $82.6M | $66.1M | $36.2M | $38.2M | $25.5M | $29.7M |
| Short-term debt | $5.0M | $4.9M | — | — | — | — | — | — | — | — |
| Total current liabilities | $131.3M | $151.7M | $152.0M | $129.9M | $214.3M | $180.1M | $107.3M | $84.9M | $71.5M | $91.3M |
| Long-term debt | $135.0M | $142.5M | $150.0M | — | — | — | $270.2M | $272.9M | — | — |
| Retained earnings | -$63.4M | -$32.5M | -$13.6M | $1.1M | $17.4M | $424.0K | $7.2M | $55.3M | $60.5M | $61.0M |
| Total equity | $202.3M | $229.9M | $230.9M | $240.1M | $255.6M | $230.1M | $236.3M | $279.5M | $210.3M | $197.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.6M | $18.6M | $56.4M | $24.3M | $37.0M | $44.8M | $29.9M | $19.2M | $17.0M | $29.7M |
| Depreciation and amortisation | $4.4M | $6.7M | $4.7M | $5.0M | $6.0M | $7.4M | $8.0M | $8.0M | $6.6M | $8.0M |
| Stock-based compensation | $3.3M | $3.9M | $3.7M | $3.8M | $5.2M | $6.0M | $5.0M | $4.1M | $3.4M | $2.9M |
| Capital expenditure | $4.4M | $2.2M | $2.8M | $3.0M | $4.0M | $2.1M | $9.2M | $7.9M | $6.3M | $3.4M |
| Investing cash flow | -$4.3M | -$2.2M | -$2.8M | -$20.9M | -$1.1M | -$2.1M | -$9.2M | -$224.2M | -$15.4M | -$24.4M |
| Financing cash flow | -$2.2M | -$29.5M | -$61.1M | -$7.6M | -$44.0M | -$18.2M | -$16.9M | $205.3M | -$2.3M | -$4.2M |
| Dividends paid | $3.8M | $3.8M | $3.7M | $3.8M | $3.8M | $3.7M | $3.6M | $3.3M | $2.5M | $2.4M |
| Buybacks | $0 | $0 | $2.5M | $6.3M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-177145.
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