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LCUT Lifetime Brands

Lifetime Brands is a leading global designer, developer and marketer of a broad range of branded consumer products used in the home. The Company markets its products under well-known kitchenware brands, including Farberware®, KitchenAid®, Sabatier®, Amco Houseworks®, Chef'n® Chicago™ Metallic, Copco®, Fred® & Friends, Houdini™, KitchenCraft®, Kamenstein®, Kizmos™, La Cafetière®, MasterClass®, Misto®, Swing-A-Way®, Taylor® Kitchen, and Rabbit®; respected tableware and giftware brands, including Mikasa®, Pfaltzgraff®, Fitz and Floyd®, Creative Tops®, Empire Silver™, Gorham®, International® Silver, Kirk Stieff®, Towle® Silversmiths, Wallace®, Wilton Armetale®, V&A® and Royal Botanic Gardens Kew®; and valued home solutions brands, including BUILT NY®, Taylor® Bath, Taylor® Kitchen, Taylor® Weather and Planet Box®. The Company also provides exclusive private label products to leading retailers worldwide.

Company profile

Ticker
LCUT
Exchange
CEO
Robert Kay
Employees
Incorporated
Location
Fiscal year end
Former names
LIFETIME HOAN CORP
SEC CIK
IRS number
112682486

LCUT stock data

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Calendar

6 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 30.64M 30.64M 30.64M 30.64M 30.64M 30.64M
Cash burn (monthly) 1.77M 4.55M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 7.12M 18.26M n/a n/a n/a n/a
Cash remaining 23.53M 12.38M n/a n/a n/a n/a
Runway (months of cash) 13.3 2.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 21 Phillips Craig Common Stock Sell Dispose S No Yes 15.06 11,692 176.08K 629,524
28 Jul 21 Phillips Craig Common Stock Sell Dispose S No Yes 15.01 2,520 37.83K 641,216
27 Jul 21 Phillips Craig Common Stock Sell Dispose S No Yes 15.01 5,020 75.35K 643,736
26 Jul 21 Phillips Craig Common Stock Sell Dispose S No Yes 15.03 3,300 49.6K 648,756
1 Jul 21 Phillips Craig Common Stock Sell Dispose S No Yes 15.03 200 3.01K 652,056
30 Jun 21 Phillips Craig Common Stock Sell Dispose S No Yes 15 1,268 19.02K 652,256
28 Jun 21 Siegel Jeffrey Common Stock Payment of exercise Dispose F No No 14.4 735 10.58K 1,169,872
28 Jun 21 Kay Robert Bruce Common Stock Payment of exercise Dispose F No No 14.4 735 10.58K 295,723
27 Jun 21 Kay Robert Bruce Common Stock Payment of exercise Dispose F No No 14.01 7,652 107.2K 296,458
25 Jun 21 Kay Robert Bruce Common Stock Payment of exercise Dispose F No No 14.01 1,224 17.15K 304,110

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

53.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 61 61
Opened positions 6 14 -57.1%
Closed positions 6 1 +500.0%
Increased positions 25 26 -3.8%
Reduced positions 16 12 +33.3%
13F shares
Current Prev Q Change
Total value 6.08B 243.81M +2395.2%
Total shares 11.78M 11.53M +2.2%
Total puts 12.6K 0 NEW
Total calls 465.9K 504.2K -7.6%
Total put/call ratio 0.0
Largest owners
Shares Value Change
Kennedy Capital Management 1.84M $27.03M +13.8%
Mill Road Capital Management 1.57M $23.04M 0.0%
Mill Road Capital II 1.57M $23.57M 0.0%
Dimensional Fund Advisors 1.27M $18.6M -0.7%
BLK Blackrock 943.37K $13.86M +5.1%
Pacific Ridge Capital Partners 615.33K $9.04M +5.5%
Vanguard 522.89K $7.68M +1.0%
JPM JPMorgan Chase & Co. 420.99K $6.18M -13.6%
AMP Ameriprise Financial 406.73K $5.98M +5.0%
JB Capital Partners 395.86K $5.82B NEW
Largest transactions
Shares Bought/sold Change
JB Capital Partners 395.86K +395.86K NEW
Weber Alan W 0 -395.86K EXIT
Kennedy Capital Management 1.84M +223.53K +13.8%
EAM Investors 0 -92.34K EXIT
JPM JPMorgan Chase & Co. 420.99K -66.03K -13.6%
Parametric Portfolio Associates 61.29K +50.92K +491.2%
Olstein Capital Management 161K +50.4K +45.6%
BLK Blackrock 943.37K +45.82K +5.1%
Pacific Ridge Capital Partners 615.33K +31.9K +5.5%
WFC Wells Fargo & Co. 4.16K -24.46K -85.5%

Financial report summary

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Competition
Servotronics
Risks
  • The Company’s business may be materially adversely affected by market conditions and by global and economic conditions and other factors beyond its control.
  • The Company must successfully manage the demand, supply, and operational challenges associated with the actual or perceived effects of the COVID-19 pandemic. Any failure to do so could have a material adverse impact on the Company’s business, financial condition, results of operations, cash flows, and competitive position.
  • The Company’s U.K. operations and sales may be materially adversely affected by the exit of the U.K. from the European Union.
  • The Company has substantial indebtedness and the highly seasonal nature of the Company’s business impacts its borrowing needs.
  • The Company’s failure to meet certain covenants or comply with other requirements of its Debt Agreements may materially and adversely affect the Company’s assets, financial position and cash flows.
  • The Company’s borrowings, and discount rate applied to sale of receivables, are subject to interest rate fluctuations and an increase in interest rates could adversely affect the Company’s financial results.
  • The Company’s inability to complete future acquisitions or strategic alliances and/or integrate acquired businesses could have a material adverse effect on the Company’s business and results of operations.
  • Foreign exchange variability and currency controls could materially adversely affect the Company’s operating results and financial condition.
  • The Company’s business requires it to maintain large fixed costs that can affect its profitability.
  • Cost reduction efforts may not be successful and restructuring benefits may not be realized.
  • If the Company’s goodwill or other long-term assets become impaired, the Company will be required to record impairment charges, which may be significant.
  • The Company’s projections of product demand, sales and net income are highly subjective in nature and the Company’s future sales and net income could vary materially from the Company’s projections.
  • Increases in the cost of employee benefits could materially adversely impact the Company’s financial results and cash flows.
  • There are inherent limitations on the effectiveness of the Company’s controls.
  • The Company faces intense competition from other companies worldwide and if the Company is unable to compete successfully, the Company’s business, results of operations and financial condition could be materially and adversely affected.
  • Changes in the Company’s customer purchasing practices could materially adversely affect the Company’s operating results.
  • Changes at the Company’s large customers, or actions taken by them, and consolidation in the retail industry could materially adversely affect the Company’s operating results.
  • The rapidly changing retail environment could result in the loss of, or a material reduction in, sales to the Company’s brick-and-mortar customers, which could materially adversely affect the Company’s business, results of operations, financial condition and cash flows.
  • If the Company is unable to effectively manage its existing Internet business, the Company's reputation and operating results may be harmed.
  • Demand for new products and the inability to develop and introduce new competitive products at favorable profit margins could adversely affect the Company’s performance and prospects for future growth.
  • International suppliers subject the Company to regional regulatory, man-made or natural disasters, health epidemics, political, economic and foreign currency exchange risk that could materially and adversely affect the Company’s operating results.
  • The Company’s international trade subjects it to transportation risks.
  • The Company depends on third-party manufacturers to produce the vast majority of its products, which presents quality control risks to the Company.
  • The Company’s product costs are subject to price fluctuation.
  • A widespread outbreak of an illness, such as the COVID-19 pandemic, or other health issue could negatively affect various aspects of the business, including the Company's supply chain, and make it more difficult and expensive to meet the Company's obligations to its customers, and could result in reduced demand from its customers.
  • The loss of certain licenses or material changes in royalty rates could materially adversely affect the Company’s operating margin and cash flow.
  • The Company may not be able to adequately establish or protect its intellectual property rights, and the infringement or loss of the Company’s intellectual property rights could harm its business.
  • If the Company is unable to protect the confidentiality of its proprietary information and know-how, the value of the Company’s technology, products and services could be harmed significantly.
  • The Company’s brands are subject to reputational risks and damage to the Company’s brands or reputation could adversely affect its business.
  • Interruptions in the Company’s operations caused by outside forces could cause material losses.
  • The Company’s international operations present special challenges that the Company may not be able to meet, and this could materially and adversely affect the Company’s financial results.
  • The Company operates in a regulated environment that imposes significant compliance requirements. Non-compliance with these requirements could subject the Company to sanctions and materially adversely affect the Company’s business.
  • New and future laws and regulations governing the Internet and e-commerce could have a material adverse effect on the Company’s business, results of operations and financial condition.
  • A failure in or compromise of the Company’s operating systems or infrastructure or those of third parties could disrupt the Company’s business and cause losses.
  • The Company is subject to cyber security risks and may incur increasing costs in efforts to minimize those risks and to comply with regulatory standards.
  • The Company sells consumer products which involve an inherent risk of product liability claims.
  • The Company may incur material costs due to environmental liabilities which could have a material adverse effect on the Company’s business, financial condition and results of operations.
  • The Company’ executives and other key employees are critical to the Company’s success. The loss of and/or failure to attract and maintain its highly skilled employees could adversely affect the Company’s business.
  • As a result of the Company’s acquisition of Filament, Taylor Parent has significant influence over the Company and its interests may conflict with the Company’s or its stockholders in the future.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This Quarterly Report on Form 10-Q of Lifetime Brands, Inc. (the “Company” and, unless the context otherwise requires, references to the “Company” shall include its consolidated subsidiaries), contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information concerning the Company’s plans, objectives, goals, strategies, future events, future revenues, performance, capital expenditures, financing needs and other information that is not historical information. Many of these statements appear, in particular, in Management’s Discussion and Analysis of Financial Condition and Results of Operations. When used in this Quarterly Report on Form 10-Q, the words “estimates,” “expects,” “intends,” “predicts,” “plans,” “believes,” “may,” “should,” “would,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, those based on the Company’s examination of historical operating trends, are based upon the Company’s current expectations and various assumptions. The Company believes there is a reasonable basis for its expectations and assumptions, but there can be no assurance that the Company will realize its expectations or that the Company’s assumptions will prove correct.
  • There are a number of risks and uncertainties that could cause the Company’s actual results to differ materially from the forward-looking statements contained in this Quarterly Report. Important factors that could cause the Company’s actual results to differ materially from those expressed as forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “2020 Annual Report on Form 10-K”) in Part I, Item 1A under the heading Risk Factors. Such risks, uncertainties and other important factors include, among others, risks related to:
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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