Lifetime Brands, Inc. · NASDAQ:LCUT
Lifetime Brands — Q4 2025 Earnings Presentation
37 slides from Lifetime Brands's earnings presentation, Mar 12, 2026
Slide 1: Investor Presentation
Investor Presentation March 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements In this presentation, the use of the words “advance,” “believe,” “continue,” “could,” “commit,” “deliver,” “drive,” “enable,” “expect,” “gain,” “generate,” “goal,” “grow,” “improve,” “intend,” “maintain,” “manage,” “may,” “outlook,” “plan,” “positioned,” “project,” “projec
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation contains non-GAAP financial measures, including adjusted income from operations, adjusted net income, adjusted diluted income per common share, adjusted EBITDA, adjusted EBITDA, before limitation, pro forma adjusted EBITDA, before limitation, pro forma a
Slide 4: Table of Contents
Table of Contents Slide(s) Lifetime Brands at a Glance 5 Staying On Top of U.S. Tariff Policy Changes, Proactively Addressing Expected Impacts 6-8 Lifetime Brands Investment Highlights 9 Leading Positions Across Product Categories 10 Lifetime’s Strong, Recognized Brands 11 Meeting Consumers Where Th
Slide 5: Lifetime Brands At A Glance
Lifetime Brands At A Glance Leading durables consumer products company with a focus on home products 91% $647.9 Million $103.5M 22.7M 43% 12.9M As of December 31, 2025 Full Year 2025 Consolidated LCUT Market Cap** Shares Outstanding* Insider Ownership* Float* Core market is U.S. Net Sales Investor P
Slide 6: Staying On Top of U.S. Tariff Policy Changes, Proactively Addressing Expected Impacts
Staying On Top of U.S. Tariff Policy Changes, Proactively Addressing Expected Impacts Lifetime Brands has a strong financial profile and remains well positioned to succeed even in the challenged operating environment created by the current trade policy uncertainty. Resilient liquidity Asset-light mo
Slide 7: Staying On Top of U.S. Tariff Policy Changes, continued
Staying On Top of U.S. Tariff Policy Changes, Proactively Addressing Expected Impacts, continued Successful tariff mitigation initiatives implemented in 2025 supported higher operating profits for Q4 FY25 compared to Q4 FY24, despite a more challenging top-line environment. Tariff Mitigation Strateg
Slide 8: Staying On Top of U.S. Tariff Policy Changes, continued
Staying On Top of U.S. Tariff Policy Changes, Proactively Addressing Expected Impacts, continued Recent Developments While current effective tariff On February 20, 2026, the U.S. Shortly after the U.S. Supreme CBP has indicated it is rates are lower compared to Supreme Court ruled that all Court dec
Slide 9: Lifetime Brands Investment Highlights
Lifetime Brands Investment Highlights Leading global designer, developer and marketer of a broad range of durable consumer products with a focus on the home Efficient global platform includes cross and Best-in-class innovation engine to strategically Leading portfolio of strong, recognizable omni ch
Slide 10: Leading Positions Across Product Categories
Leading Positions Across Product Categories Portfolio of brands with significant brand equity Kitchen & Bath Kitchenware Cutlery Barware / Pantryware Tableware Measurement #1 U.S. category supplier* #1 U.S. provider* #2 market share in #1 U.S. wine/bar opener Leader in bridal, measurement* supplier*
Slide 11: Lifetime's Strong, Recognized Brands
Lifetime’s Strong, Recognized Brands Investor Presentation 11
Slide 12: Meeting Consumers Where They Shop
Meeting Consumers Where They Shop… Mass Market Off-Price & Dollar Channel Department Stores Specialty Stores Warehouse Clubs Investor Presentation E-commerce/TV Grocery Independent Retailers Commercial DTC Over 7,000 Ecommerce sites Specialty Gourmet Shops for direct-to- consumer sales. 12
Slide 13: Seizing the Opportunity
Seizing the Opportunity + Licensing agreement allowed entry into Dollar General (target channel for expansion) Products created with best-in-class innovation Investor Presentation Products expected to enter mass market channels Market share expansion of Dolly in Dollar General of Dolly in other
Slide 14: We Excel In Innovation
We Excel In Innovation Organic growth model driven by modernized and disruptive product design Cosmetic Updates (Level 1) Degrees of Innovation (Level 2) Innovation (Level 3) Disruptive Innovation (Level 4) Investor Presentation 14
Slide 15: International Business Segment
International Business Segment UK represents over 65% of sales in our International Business segment, which 65% has been hard hit by economic factors. Normalization will provide significant upside opportunity. International business significantly restructured; today, right sized to be profitable Tot
Slide 16: Strategic Growth Initiatives
Strategic Growth Initiatives Expand into Adjacent Product Categories Food Service Disciplined M&A Investor Presentation Capitalizing on opportunities that fit core Opportunity to leverage recognized Significant cash flow and strong competencies in manufacturing, design and brands and strengths in de
Slide 17: History of Successful Launches into Adjacent Product Categories
GROWTH INITIATIVE History of Successful Launches into Adjacent Product Categories Organic and external investments to create incremental growth Pursue identified categories and/or product development that present high growth or margin opportunities 2025 Launch of Jamie Oliver brand for Tabletop in i
Slide 18: Commercial Food Service
GROWTH INITIATIVE Commercial Food Service Build out of Mikasa hospitality products for the commercial food service industry in 2023 Existing presence in back-of-house industry segment for 15 years Focus on developing a complete front-of-house product line similar in scope and quality to Investor Pre
Slide 19: M&A in Focus
GROWTH INITIATIVE M&A in Focus Given the macro environment, Lifetime is being more selective with M&A Acquisition Criteria Immediate attention in Fold in acquisitions are highly High free cash flow new categories, food accretive day 1 conversion Investor Presentation service and international Attrac
Slide 20: Led by Industry Veterans
Led by Industry Veterans Leading global designer, developer and marketer of a broad range of durable consumer products with a focus on the home Rob Kay Laurence Winoker CEO CFO • Assumed CEO role in March 2018 • With the company since July following merger of LCUT with 2007 Filament Brands • Prior t
Slide 21: Financial Platform to Drive Growth
Financial Platform to Drive Growth
Slide 22: Summary of Recent Operating Results
Summary of Recent Operating Results Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 ($ in millions, except per share amounts) Net sales $204.1 $215.2 $647.9 $683.0 Income (loss) from operations 20.0 15.5 (9.4) 27.1 Non-cash goodwill impairment — — 33.2 — Other adjustments
Slide 23: Business Generates Strong Cash Flow with Low CapEx
Business Generates Strong Cash Flow with Low CapEx Financial model enables Lifetime to execute its business plan Cash flow conversion was suppressed in Cash flow recovery for 2023 largely attributable to inventory 2021 and 2022 as the Company made a reductions as Company returns to normalized levels
Slide 24: Strong Liquidity Position
Strong Liquidity Position Capital resource capacity sufficient to support the business plan December 31, 2021 2022 2023 2024 2025 ($ in millions) Credit Facility due August 2027 $— $10.4 $60.4 $42.7 $54.1 Term Loan due August 2027 252.1 245.9 150.0 142.5 135.0 Debt, net of Cash(1) 224.1 232.7 194.2
Slide 25: Strong Financial Foundation for Growth
Strong Financial Foundation for Growth Significant cash flows will enable investments in growth and allow for strategic M&A activity. Steady Cash Flows Strong Credit Profile Disciplined Capital Commitment to Allocation Shareholder Returns Investor Presentation • Strong free cash flow • Attractive, l
Slide 26: Project Concord Update
Project Concord Update Lifetime's comprehensive plan to propel growth and streamline the cost structure of the International operations. First announced publicly in March 2025. • Improved operating results for the International Segment in 2025 compared to 2024 • Plan remains to achieve breakeven in
Slide 27: Relocation of East Coast Distribution Center
Relocation of East Coast Distribution Center In January 2025, Lifetime announced the relocation of its primary east coast distribution center to Hagerstown, Maryland. Scheduled to be fully operational in Q3 2026. The new distribution center will serve as the cornerstone for Lifetime's future infrast
Slide 28: Appendix
Appendix
Slide 29: Adjusted Income from Operations - U.S. GAAP Reconciliation
Adjusted Income from Operations - U.S GAAP Reconciliation Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 ($ in millions) Income (loss) from operations $20.0 $15.5 $(9.4) $27.1 Adjustments: Acquisition intangible amortization expense 4.3 4.4 17.4 15.6 Legal settlement gai
Slide 30: Adjusted Net Income - U.S. GAAP Reconciliation
Adjusted Net Income — U.S. GAAP Reconciliation Adjusted net income and adjusted diluted income per common share (in millions, except per share amounts): Three Months Ended December 31, Year End December 31, 2025 2024 2025 2024 Net income (loss) as reported $18.2 $8.9 $(26.9) $(15.2) Adjustments: Acq
Slide 31: Adjusted EBITDA Reconciliation LTM December 2025
Adjusted EBITDA — U.S. GAAP Reconciliation LTM December 2025 Three Months Ended Year Ended March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 December 31, 2025 (in millions) Net (loss) income as reported $(4.2) $(39.7) $(1.2) $18.2 $(26.9) Income tax (benefit) provision (0.1) (2.8) 2.
Slide 32: Adjusted EBITDA Reconciliation LTM December 2024
Adjusted EBITDA — U.S. GAAP Reconciliation LTM December 2024 Three Months Ended Year Ended March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 December 31, 2024 (in millions) Net (loss) income as reported $(6.3) $(18.2) $0.3 $8.9 $(15.2) Loss on equity securities — 14.2 — — 14.2 Equity
Slide 33: Adjusted EBITDA Reconciliation LTM December 2023
Adjusted EBITDA — U.S. GAAP Reconciliation LTM December 2023 Three Months Ended Year Ended March 31, 2023 June 30, 2023 September 30, 2023 December 31, 2023 December 31, 2023 (in millions) Net (loss) income as reported $(8.8) $(6.5) $4.2 $2.7 $(8.4) Undistributed equity losses, net 2.8 5.9 1.0 3.0 1
Slide 34: Adjusted EBITDA Reconciliation LTM December 2022
Adjusted EBITDA — U.S. GAAP Reconciliation LTM December 2022 Three Months Ended Year Ended March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2022 December 31, 2022 (in millions) Net income (loss) as reported $0.4 $(3.5) $(6.4) $3.3 $(6.2) Undistributed equity (earnings) losses, net (0.4)
Slide 35: Adjusted EBITDA Reconciliation LTM December 2021
Adjusted EBITDA — U.S. GAAP Reconciliation LTM December 2021 Three Months Ended Year Ended March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 December 31, 2021 (in millions) Net income (loss) as reported $3.1 $5.8 $12.6 $(0.6) $20.8 Undistributed equity losses (earnings), net 0.2 (0.4
Slide 36: Credit Statistics Definition
Credit Statistics Definition All other indebtedness includes outstanding letters of credits and other indebtedness Other Indebtedness as defined in the Company's debt agreements. Debt, net of Cash is calculated as outstanding amounts on the credit facility and term Debt, net of Cash loan less cash a
Slide 37: Thank You
Thank You