Financial Data and Key Metrics Changes - The net loss for Q4 2021 was $600,000 or $0.03 per diluted share, compared to a net income of $15.2 million or $0.70 per diluted share in Q4 2020 [21] - Adjusted net income for Q4 2021 was $14.4 million or $0.65 per diluted share, down from $15.2 million or $0.70 per diluted share in 2020 [22] - Adjusted EBITDA for the year ended December 31, 2021, was $95.1 million, a 23% increase over 2020 [23] - Net sales in Q4 2021 grew 2.7% to $255.9 million, while full-year net sales increased by 12.2% compared to the prior year [23] Business Line Data and Key Metrics Changes - U.S. segment sales increased by $9.9 million to $230.1 million, driven by growth in kitchenware and tableware categories [23] - International segment sales decreased by $3.3 million to $25.7 million, impacted by Brexit disruptions and the Omicron variant [24] - E-commerce sales reached $43.4 million in Q4 and $136.5 million for the full year, though as a percentage of revenue, it slightly declined to 17.7% [10] Market Data and Key Metrics Changes - The international business saw a decline in Q4 due to Brexit and Omicron-related disruptions, but gross margin percentage improved due to transformation strategies [11][12] - The Asia-Pacific market experienced a 47.5% growth for the full year, contributing positively to the overall international business [12] Company Strategy and Development Direction - The company is focused on expanding its presence in adjacent categories such as outdoor, pet, and storage, with promising early results [15] - The acquisition of S'well Bottle is expected to enhance the hydration and storage categories, contributing approximately $4.5 million of incremental EBITDA annually [16] - The company plans to continue investing in inventory to mitigate supply chain risks and maintain market share [36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic headwinds, including supply chain disruptions and inflationary pressures, but expressed confidence in the company's ability to manage these challenges [17][18] - The expectation is for normalization of supply chain costs in 2023, with continued strong results anticipated in the current environment [18] - Management indicated that the company is well-positioned for 2022, with a focus on executing growth strategies [19] Other Important Information - The company has restructured its distribution center operations to retain talent and maintain staffing levels [18] - The balance sheet remains strong, with net debt decreasing to $224.1 million, despite increased inventory investments [28] Q&A Session Summary Question: Why is guidance not issued for the next fiscal year? - Management clarified that guidance is typically issued in May, consistent with past practices [31][32] Question: What portion of the $20 million in missed shipments will come in the first quarter? - Management indicated that most of the missed shipments will shift into 2022, with some delays expected to affect future quarters [33] Question: What are the biggest bottlenecks affecting shipments? - Management noted that bottlenecks exist at various points, including shipping from Asia and delays at U.S. ports [34] Question: How has inventory changed, and what percentage is in transit? - Management confirmed that inventory levels have increased due to longer shipping times and strategic investments to maintain market share [35][36] Question: What role will the new distribution center in the Netherlands play? - The Netherlands facility will improve shipping times and reduce reliance on the UK facility, which has faced delays post-Brexit [38] Question: What are the expected impacts of the S'well acquisition? - The acquisition is expected to add approximately $4.5 million of EBITDA on an annualized basis, with revenue expectations around $30 million to $35 million [39][40] Question: How does the company view its net debt and cash uses for next year? - Management indicated a focus on generating cash and reducing net debt, with strategic investments planned for growth [63][67] Question: How does the company plan to maintain share gains? - Management emphasized the importance of retaining market share and expanding into new categories, particularly through successful product launches [72][73]

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 ...

Lifetime Brands, Inc. (NASDAQ:LCUT) Q1 2021 Earnings Conference Call May 6, 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 Anthony Lebiedzinski – Sidoti and Company Linda Bolton-Weiser – D.A. Davidson Operator Good morning, ladies and gentlemen, and welcome to Lifetime Brands' First Quarter 2021 Earnings Conference Call. At this time, I would like to inform all participant ...

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, 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 ...

Lifetime Brands, Inc. (NASDAQ:LCUT) Q4 2020 Earnings Conference Call March 10, 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 Brian Nagel - Oppenheimer Anthony Lebiedzinski - Sidoti & Company Operator Good morning, ladies and gentlemen, and welcome to Lifetime Brands Fourth Quarter and Full Year 2020 Earnings Conference Call. At this tim ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION LIFETIME BRANDS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 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, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 19 ...