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Lifetime Brands, Inc. Message Board

  • adspatz adspatz Mar 13, 2014 11:37 AM Flag

    Lifetime quarterly earnings and revenue rise

    Search for "SEC Live Filings Digest" to find out more.
    Lifetime Brands, Inc. (LCUT) announced its fourth quarter and full year financial results for 2013, posting quarterly earnings and revenue increases from a year ago. The company, which is a leading global provider of kitchen supplies, reported net sales of $164.9M, up 6.5% from $154.8M a year ago while the company’s margin improved from 36.2% to 38.4%. Quarterly adjusted earnings were $10.0M and $0.76 per share, up from $8.7M and $0.67 per share in the year-ago quarter. Annual sales improved 3.3% from $486.8M to $502.7M while the gross margin improved from 36.3% to 37.2%. Annual adjusted earnings fell from $16.2M and $1.26 per share to $14.5M and $1.11 per share. Chairman and CEO Jeffrey Siegel commented that the company’s performance was affected by negative trends in the U.S. economy and other charges that masked its performance improvements.

14.725-0.145(-0.98%)9:37 AMEDT