Lifetime Brands Inc. Q4 Profit Advances

(RTTNews) - Lifetime Brands Inc. (LCUT) released earnings for its fourth quarter that increased from the same period last year

The company's bottom line totaled $8.918 million, or $0.41 per share. This compares with $2.707 million, or $0.13 per share, last year.

Excluding items, Lifetime Brands Inc. reported adjusted earnings of $12 million or $0.55 per share for the period.

The company's revenue for the period rose 5.9% to $215.207 million from $203.143 million last year.

Lifetime Brands Inc. earnings at a glance (GAAP) :

-Earnings: $8.918 Mln. vs. $2.707 Mln. last year. -EPS: $0.41 vs. $0.13 last year. -Revenue: $215.207 Mln vs. $203.143 Mln last year.

Rob Kay, CEO of Lifetime Brands, said: “Lifetime’s strong fourth quarter performance capped a solid 2024, as seasonal consumer demand accelerated in December.”