LIFETIME BRANDS, INC

LIFETIME BRANDS, INC. reported a significant turnaround in its second quarter 2026 financial results, achieving net income of $19.61 million, a substantial improvement from a net loss of $(39.70) million in the prior year. Net sales for the quarter increased to $141.57 million. The company recognized $40.1 million in tariff refunds, which positively impacted cost of goods sold, and continued with restructuring activities including distribution facility relocation and manufacturing operations closures. Net cash provided by operating activities also saw a healthy increase for the first half of 2026.

Lifetime Brands reported strong second-quarter 2026 financial results, with net sales up 7.4% to $141.6 million and a significant turnaround to net income of $19.6 million, largely driven by a $40.1 million tariff refund benefit. The company also raised its full-year 2026 earnings guidance, with Adjusted Net Income now projected between $46 million and $47.5 million. Additionally, Lifetime Brands announced a quarterly dividend of $0.0425 per share and repaid $40 million in term debt.

Lifetime Brands, Inc. announced the results of its 2026 Annual Meeting of Stockholders, where shareholders approved an amendment and restatement of the 2000 Long-Term Incentive Plan, reserving 10,717,500 shares. Additionally, nine directors were elected to the Board, Ernst & Young LLP was ratified as the independent auditor for 2026, and the 2025 executive compensation was approved on an advisory basis. Separately, the Board declared a quarterly cash dividend of $0.0425 per share, payable on August 14, 2026, to stockholders of record as of July 31, 2026.

Lifetime Brands, Inc. announced its participation in the LD Micro Invitational XVI Conference, scheduled for May 17-19, 2026, in Los Angeles, CA. CEO Robert Kay and Senior VP of Finance Scott Rabinowitz will attend the event. They will be available for one-on-one meetings with investors throughout the day on Monday, May 18, providing an opportunity for direct engagement with the investment community.

Lifetime Brands reported a net loss of $(4.77) million for Q1 2026, an increase from $(4.20) million in Q1 2025, despite a slight increase in net sales to $143.5 million. The company incurred $2.03 million in restructuring expenses during the quarter, primarily due to the relocation of its East Coast distribution operations and the closure of sterling flatware manufacturing. Operating activities generated $33.76 million in cash.

Lifetime Brands, Inc. reported first-quarter 2026 financial results, with consolidated net sales increasing 2.4% to $143.5 million and adjusted net income reaching $0.8 million, or $0.04 per diluted share. The company also provided positive full-year 2026 guidance, projecting net sales between $650 million and $700 million and adjusted diluted income per share of $0.73 to $0.80. CEO Rob Kay highlighted strong performance in Home Solutions, which grew nearly 23%, and the successful integration of the new Hagerstown distribution center.

Lifetime Brands, Inc. announced its 2026 Annual Meeting of Stockholders to be held on June 18, 2026, where shareholders will vote on the election of nine directors, ratification of Ernst & Young LLP as auditor, advisory vote on executive compensation, and approval of an amended Long-Term Incentive Plan. The company reported 2025 net sales of $647.9 million, a net loss of $(26.9) million, and adjusted net income of $17.6 million. The Board size will decrease from ten to nine directors, with two current directors not seeking re-election.