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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.