LIFETIME BRANDS, INC (LCUT) Form 10-Q — Aug 6, 2026
Lifetime Brands reported Q2 2026 net sales of $141.6 million, up 7.4% year over year, and swung to net income of $19.6 million ($0.89 basic EPS) from a $39.7 million loss a year earlier. The prior-year quarter included a $33.2 million goodwill impairment, while this quarter's profit was driven primarily by a one-time tariff refund. Following the U.S. Supreme Court's February 2026 ruling that IEEPA tariffs were unlawful, the company recognized $40.1 million of probable tariff refunds as a reduction to cost of goods sold.
Key figures
- Eps
- 0.89
- Revenue
- 141569000
- Net Income
- 19609000
- Total Debt
- $151.0 million gross principal ($37.9M ABL + $113.1M Term Loan)
- Revenue Yoy
- +7.4% (Q2 2026 vs Q2 2025); +4.8% (H1)
- Cash Position
- 5451000
- Diluted eps q2
- 0.87
- Gross margin q2
- 65.9%
- Abl availability
- 128264000
- Six month revenue
- 285077000
- Shares outstanding
- 22988836
- Adjusted ebitda ttm
- 92045000
- Six month net income
- 14837000
- Operating cash flow h1
- 46000000
- Tariff receivable at q2
- 36600000
- Term loan interest rate
- 9.27%
- Restructuring expense h1
- 4010000
- Tariff refund recognized
- 40100000
- Epa ou1 reserve remaining
- 5200000
- Tariff refund cash received
- $36.4 million ($3.5M by 6/30/26 + $32.9M subsequent)
- Quarterly dividend per share
- 0.0425
- Buyback authorization remaining
- 11100000
- Term loan voluntary prepayments
- $40.0 million ($20.0M in Q2 + $20.0M subsequent)
- Prior year q2 goodwill impairment
- 33237000
Price after filing
Close on the filing date to close N calendar days later (from $8.64). Historical, not a forecast.
AI analysis
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