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Lifetime Brands Inc (LCUT.OQ)

LCUT.OQ on NASDAQ Stock Exchange Global Select Market

17.50USD
23 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Lifetime Brands To Acquire Filament Brands
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Lifetime Brands Inc ::LIFETIME BRANDS TO ACQUIRE FILAMENT BRANDS.LIFETIME BRANDS INC - ‍TRANSACTION EXPECTED TO BE MEANINGFULLY ACCRETIVE TO NORMALIZED EPS IN FIRST FULL YEAR AFTER CLOSE​.LIFETIME BRANDS INC - TRANSACTION VALUES FILAMENT AT AN ENTERPRISE VALUE OF APPROXIMATELY $313 MILLION.LIFETIME BRANDS INC - ‍SHAREHOLDERS OF FILAMENT, LED BY CENTRE PARTNERS, TO OWN 27% OF LIFETIME​.LIFETIME BRANDS INC - LIFETIME EXPECTS TRANSACTION TO BE ACCRETIVE TO EBITDA MARGINS BY APPROXIMATELY 400 BASIS POINTS.LIFETIME BRANDS - NEW MANAGEMENT TEAM TO BE LED BY ROB KAY AS CEO.LIFETIME BRANDS - INTENDS TO FUND CASH PORTION WITH PROCEEDS FROM NEWLY COMMITTED $275 MILLION SENIOR SECURED TERM LOAN & A $150 MILLION NEW ASSET BASED LOAN.LIFETIME BRANDS SAYS WILL CONTINUE TO BE HEADQUARTERED IN GARDEN CITY, NEW YORK.LIFETIME BRANDS INC - UPON COMPLETION OF TRANSACTION, CURRENT LIFETIME CEO JEFFREY SIEGEL WILL BECOME EXECUTIVE CHAIRMAN OF CO.LIFETIME - UNDER TERMS, KAY & 2 REPRESENTATIVES OF CENTRE PARTNERS, BRUCE POLLACK & MICHAEL SCHNABEL TO JOIN CO'S BOARD, EXPANDING BOARD TO 13 MEMBERS.  Full Article

Lifetime brands Q3 adjusted earnings per share $0.37
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Lifetime Brands Inc :Lifetime Brands Inc reports third quarter financial results.Q3 adjusted earnings per share $0.37.Q3 earnings per share $0.29.Q3 sales $166 million versus $170.1 million.Lifetime Brands Inc - ‍now expect full-year 2017 consolidated net sales to be approximately flat to last year's (excluding foreign currency impact)​.Lifetime Brands Inc - ‍now expect full-year 2017 gross margin to improve approximately 25 basis points​.Lifetime Brands Inc - ‍in Europe, co is continuing with integration of Kitchencraft and Creative Tops​.Lifetime Brands Inc - ‍in U.K., environment also has been difficult.  Full Article

Mill road capital offers $20 per share to acquire Lifetime Brands
Tuesday, 14 Mar 2017 

Lifetime Brands Inc : Mill road capital offers $20.00 per share to acquire lifetime brands, inc. . Mill road capital offers $20.00 per share to acquire lifetime brands, inc .Mill road- price represents a premium of 37.5% to closing price on march 10, 2017.  Full Article

Lifetime Brands acquires Copco product line from Wilton Brands
Thursday, 6 Oct 2016 

Lifetime Brands Inc : Lifetime Brands acquires Copco® thermal and hydration beverageware, tea kettles and kitchen organization products . Terms of acquisition were not announced .Acquisition is expected to be accretive to company's diluted earnings per share in 2016.  Full Article

Lifetime Brands and Focus Products announce agreement
Wednesday, 31 Aug 2016 

Lifetime Brands Inc : Lifetime Brands and Focus Products Group announce agreement . Lifetime would acquire kitchen division of Focus Products Group .Company and Focus Products Group International intend to sign definitive purchase agreement in next 2 weeks, close transaction same day.  Full Article

Lifetime Brands Q2 adjusted EPS $0.01
Tuesday, 9 Aug 2016 

Lifetime Brands Inc : Q2 sales $118.1 million versus $120.9 million . Lifetime brands, inc. Reports second quarter financial results . Q2 loss per share $0.08 . On track to achieve significant efficiencies that will be reflected in operating results beginning in 2017 . "foresee a healthy holiday shopping season" and expect top line growth in second half of year .Now commenced implementation phase of restructuring plan that co initiated earlier this year.  Full Article

Lifetime Brands reports Q1 adjusted loss per share of $0.24
Tuesday, 10 May 2016 

Lifetime Brands Inc : Lifetime brands, inc. Reports first quarter financial results . Q1 adjusted loss per share $0.24 . Q1 loss per share $0.31 . Q1 sales $110.9 million versus $117.7 million .Sees fy 2016 sales up about 3 percent.  Full Article

BRIEF-Lifetime Brands To Acquire Filament Brands

* LIFETIME BRANDS INC - ‍TRANSACTION EXPECTED TO BE MEANINGFULLY ACCRETIVE TO NORMALIZED EPS IN FIRST FULL YEAR AFTER CLOSE​