Core Viewpoint - Lifetime Brands, Inc. reported its financial results for the quarter and full year ended December 31, 2025, highlighting strategic decisions that led to improved operating profit despite a challenging sales environment. The company aims to recover sustainable growth in 2026 with a focus on long-term shareholder value [2][3]. Financial Results Summary Fourth Quarter Financial Results - Consolidated net sales for Q4 2025 were $204.1 million, a decrease of $11.1 million or 5.2% compared to Q4 2024 [4]. - In constant currency, net sales decreased by $12.0 million or 5.6% [4]. - Gross margin for Q4 2025 was $78.8 million, or 38.6%, compared to $81.2 million, or 37.7%, in Q4 2024 [5]. - Selling, general and administrative expenses decreased by $5.2 million, or 12.0%, to $38.0 million [5]. - Income from operations was $20.0 million, up from $15.5 million in Q4 2024 [5]. Full Year Financial Results - Consolidated net sales for the year 2025 were $647.9 million, a decrease of $35.1 million or 5.1% compared to 2024 [8]. - Gross margin for 2025 was $240.7 million, or 37.1%, down from $260.7 million, or 38.2%, in 2024 [9]. - Selling, general and administrative expenses for 2025 were $142.4 million, a decrease of $17.4 million, or 10.9% [9]. - The company reported a net loss of $(26.9) million, or $(1.24) per diluted share, for 2025, compared to a net loss of $(15.2) million, or $(0.71) per diluted share, in 2024 [10]. Adjusted Financial Metrics - Adjusted income from operations for Q4 2025 was $26.4 million, compared to $20.2 million in Q4 2024 [6]. - Adjusted net income for Q4 2025 was $23.0 million, or $1.05 per diluted share, compared to $12.0 million, or $0.55 per diluted share, in Q4 2024 [7]. - Adjusted EBITDA for the year ended December 31, 2025, was $50.8 million [11]. Dividend Declaration - The Board of Directors declared a quarterly dividend of $0.0425 per share, payable on May 15, 2026, to shareholders of record on May 1, 2026 [12]. Future Guidance - The company plans to provide detailed Full Year 2026 guidance in conjunction with its First Quarter 2026 results in mid-May [13]. Conference Call Information - A conference call is scheduled for March 12, 2026, at 11:00 a.m. (Eastern Time) to discuss the financial results [14].