Financial Performance - Consolidated net sales for Q2 2022 were $151.3 million, a decrease of $35.3 million or 18.9% compared to $186.6 million in Q2 2021[159]. - U.S. segment net sales for Q2 2022 were $137.2 million, down $29.4 million or 17.6% from $166.6 million in Q2 2021[160]. - Consolidated net sales for the six months ended June 30, 2022 were $334.0 million, a decrease of $48.3 million, or 12.6%, compared to $382.3 million for the same period in 2021[180]. - Net sales for the U.S. segment for the six months ended June 30, 2022 were $303.4 million, a decrease of $39.4 million, or 11.5%, compared to $342.8 million for the same period in 2021[181]. - Net sales for the International segment for the six months ended June 30, 2022 were $30.6 million, a decrease of $8.9 million, or 22.5%, compared to $39.5 million for the same period in 2021[186]. Product Category Sales - Kitchenware product category sales in the U.S. segment for Q2 2022 were $84.3 million, a decrease of $19.3 million or 18.6% compared to $103.6 million in Q2 2021[161]. - Tableware product category sales in the U.S. segment for Q2 2022 were $29.9 million, down $7.4 million or 19.8% from $37.3 million in Q2 2021[162]. - Home Solutions product category sales in the U.S. segment for Q2 2022 were $23.0 million, a decrease of $2.7 million or 10.5% compared to $25.7 million in Q2 2021[163]. Profitability and Margins - Gross margin for Q2 2022 was 36.5%, an increase from 35.4% in Q2 2021[158]. - Gross margin for the six months ended June 30, 2022 was $118.2 million, or 35.4%, compared to $132.2 million, or 34.6%, for the same period in 2021[187]. - Gross margin for the U.S. segment was $108.7 million, or 35.8%, for the six months ended June 30, 2022, compared to $119.4 million, or 34.8%, for the same period in 2021[188]. Expenses - Distribution expenses as a percentage of net sales increased to 11.5% in Q2 2022 from 10.1% in Q2 2021[158]. - Selling, general and administrative expenses as a percentage of net sales rose to 25.3% in Q2 2022 from 19.4% in Q2 2021[158]. - Selling, general and administrative expenses for the six months ended June 30, 2022 were $77.7 million, an increase of $3.4 million, or 4.6%, compared to $74.3 million for the same period in 2021[193]. - Selling, general and administrative expenses for the U.S. segment were $57.6 million for the six months ended June 30, 2022, compared to $53.8 million for the same period in 2021, with expenses as a percentage of net sales increasing to 19.0% from 15.7%[194]. Net Income and Loss - The company experienced a net loss of 2.3% in Q2 2022 compared to a net income of 3.1% in Q2 2021[158]. - The company reported a net income of $8.9 million for the twelve months ended June 30, 2022, compared to a net loss of $3.5 million for the quarter ended June 30, 2022[221]. Cash Flow and Liquidity - Cash and cash equivalents decreased to $7.2 million as of June 30, 2022, down from $28.0 million at December 31, 2021, with working capital at $247.0 million compared to $270.8 million[204]. - Net cash used in operating activities was $8.9 million for the six months ended June 30, 2022, a decrease from net cash provided of $42.1 million in the same period of 2021[231]. - The company incurred $19.4 million in net cash used in investing activities for the six months ended June 30, 2022, primarily due to the acquisition of S'well for $18.0 million[232]. - The company experienced a significant decrease in cash flow from financing activities, providing $7.7 million in 2022 compared to a net cash used of $42.2 million in 2021[233]. Supply Chain and Operational Challenges - The company is facing challenges due to global supply chain disruptions and inflation, impacting costs and delivery times[146]. - Inventory turnover for the three months ended June 30, 2022, was 1.4 times (270 days), down from 2.3 times (162 days) in the same period of 2021, attributed to supply chain disruptions and inflation[205]. Debt and Interest - Interest expense for the six months ended June 30, 2022 was $7.5 million, a decrease from $7.8 million for the same period in 2021, due to lower debt outstanding on the Term Loan[197]. - The interest rate on outstanding borrowings under the ABL Agreement at June 30, 2022, ranged from 2.44% to 5.00%[213]. - The Term Loan facility bore interest at 4.6% as of June 30, 2022[214]. - The Company was in compliance with the covenants of the Debt Agreements at June 30, 2022[216]. Other Financial Metrics - Adjusted EBITDA for the last twelve months ended June 30, 2022, was $83.4 million, with capital expenditures of $1.5 million for the six months ended June 30, 2022[217]. - For the twelve months ended June 30, 2022, the adjusted EBITDA was $79.9 million, with a pro forma adjusted EBITDA of $83.4 million after accounting for projected synergies from the S'well acquisition[221]. - Mark to market gain on interest rate derivatives increased to $1.4 million for the six months ended June 30, 2022, compared to $0.5 million for the same period in 2021, due to rising interest rates[198]. - Income tax provision was $1.6 million for the six months ended June 30, 2022, with an effective tax rate of (69.8)%, compared to $4.2 million and 32.8% for the same period in 2021[199]. - Equity in earnings from Vasconia was $0.8 million for the six months ended June 30, 2022, up from $0.5 million in 2021, while Vasconia's income from operations decreased to $5.2 million from $10.3 million[200]. Shareholder Actions - The company authorized a stock repurchase program of up to $20.0 million, repurchasing 336,791 shares for a total cost of $4.2 million during the six months ended June 30, 2022[235].

Lifetime Brands, Inc. (NASDAQ:LCUT) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants Andrew Squire - Investor Relations Rob Kay - Chief Executive Officer Larry Winoker - Chief Financial Officer Conference Call Participants Linda Bolton-Weiser - D.A. Davidson Anthony Lebiedzinski - Sidoti Operator Good morning, ladies and gentlemen and welcome to Lifetime Brands First Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now like to introduce your host for today’ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-19254 LIFETIME BRANDS, INC. (Exact name of registrant as specified in its charter) Delaware 11-2682486 (State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-19254 LIFETIME BRANDS, INC. (Exact name of registrant as specified in its cha ...

Lifetime Brands, Inc. (NASDAQ:LCUT) Q4 2021 Earnings Conference Call March 9, 2022 11:00 AM ET Company Participants Andrew Squire - Investor Relations Rob Kay - Chief Executive Officer Larry Winoker - Chief Financial Officer Conference Call Participants Linda Bolton Weiser - D.A. Davidson Anthony Lebiedzinski - Sidoti & Company Sam Douglas - Mara River Capital Justyn Putnam - Talanta Investment Group Chris McDonald - Kennedy Capital Operator Good morning, ladies and gentlemen and welcome to the Lifetime Bra ...

Lifetime Brands, Inc. (NASDAQ:LCUT) Q3 2021 Earnings Conference Call November 4, 2021 11:00 AM ET Company Participants Andrew Squire - Head, IR Robert Kay - CEO & Director Laurence Winoker - SVP, Finance, Treasurer & CFO Conference Call Participants Operator Ladies and gentlemen, and welcome to the Lifetime Brands Third Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions]. I'd now like to introduce your host for today's conference, Andrew Squire. Mr. Squire, you may begin. Andrew Squir ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-19254 LIFETIME BRANDS, INC. (Exact name of registrant as specified in its charter) Delaware 11-2682486 (St ...

INVESTOR PRESENTATION Forward-Looking Statements 2 In this presentation, the use of the words "believe," "could," "expect," "intend", "may," "positioned," "project," "projected," "should," "will," "would" or similar expressions is intended to identify forward-looking statements. Such statements include all statements regarding our long-term growth-targets and objectives, the growth of the Company, our financial guidance, our ability to navigate the current environment and advance our strategy, our commitmen ...

Lifetime Brands, Inc. (NASDAQ:LCUT) Q2 2021 Results Conference Call August 5, 2021 11:00 AM ET Company Participants Andrew Squire - Head of Investor Relations Rob Kay - Chief Executive Officer Larry Winoker - Chief Financial Officer Conference Call Participants Linda Bolton-Weiser - D.A. Davidson Anthony Lebiedzinski - Sidoti & Company Operator Good morning, ladies and gentlemen, and welcome to the Lifetime Brands Second Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions]. I would n ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-19254 LIFETIME BRANDS, INC. (Exact name of registrant as specified in its charter) Delaware 11-2682486 (State o ...