Lifetime Brands Rings the NASDAQ Stock Market Closing Bell in Celebration of its 30th Anniversary as a Public Company
June 01 2021 - 6:45PM
Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer,
developer and marketer of a broad range of branded consumer
products used in the home, today rang the closing bell for the
Nasdaq Stock Market in celebration of its 30th anniversary as a
public company. In recognition of this significant milestone, Chief
Executive Officer Rob Kay, Chief Financial Officer Larry Winoker,
and President Daniel Siegel presided and were joined by other
members of the Company's Board and senior leadership team.
“On behalf of Lifetime Brands, I would like to thank NASDAQ for
inviting us to ring the bell as we celebrate 30 years as a public
company,” said Rob Kay, Chief Executive Officer of Lifetime Brands.
“Lifetime has a long and storied history dating back more than 75
years, and I am proud to say that today we are stronger than ever.
We continue to outperform across categories and gain market share
as the industry leader. I am thankful for the work of our
incredible team, which has been instrumental to our Company’s
success, and I look forward to our next 30 years of providing
meaningful brands and innovative products that bring people
together and make a difference in their lives.”
Forward-Looking Statements In this press
release, the use of the words “believe,” “could,” “expect,”
“intend,” “may,” “positioned,” “project,” “projected,” “should,”
“will,” “would” or similar expressions is intended to identify
forward-looking statements. Such statements include all statements
regarding our long-term growth-targets and objectives, the growth
of the Company, our financial guidance, our ability to navigate the
current environment and advance our strategy, our commitment to
increasing investments in future growth initiatives, our
initiatives to create value, our efforts to mitigate geopolitical
factors and tariffs, our current and projected financial and
operating performance, results, and profitability and all guidance
related thereto, including forecasted exchange rates and effective
tax rates, as well as our continued growth and success, future
plans and intentions regarding the Company and its consolidated
subsidiaries. Such statements represent the Company’s current
judgments, estimates, and assumptions about possible future events.
The Company believes these judgments, estimates, and assumptions
are reasonable, but these statements are not guarantees of any
events or financial or operational results, and actual results may
differ materially due to a variety of important factors. Such
factors might include, among others, the Company’s ability to
comply with the requirements of its credit agreements; the
availability of funding under such credit agreements; the Company’s
ability to maintain adequate liquidity and financing sources and an
appropriate level of debt, as well as to deleverage its balance
sheet; the possibility of impairments to the Company’s goodwill;
the possibility of impairments to the Company’s intangible assets;
changes in U.S. or foreign trade or tax law and policy; the impact
of tariffs on imported goods and materials; changes in general
economic conditions which could affect customer payment practices
or consumer spending; the impact of changes in general economic
conditions on the Company’s customers; customer ordering behavior;
the performance of our newer products; expenses and other
challenges relating to the integration of any future acquisitions;
changes in demand for the Company’s products; changes in the
Company’s management team; the significant influence of the
Company’s largest stockholder; fluctuations in foreign exchange
rates; changes in U.S. trade policy or the trade policies of
nations in which we or our suppliers do business; uncertainty
regarding the long-term ramifications of the U.K.’s exit from the
European Union; shortages of and price volatility for certain
commodities; global health epidemics, such as the COVID-19
pandemic; social unrest, including related protests and
disturbances; our expectations regarding the future level of demand
for our products; and significant changes in the competitive
environment and the effect of competition on the Company’s markets,
including on the Company’s pricing policies, financing sources and
ability to maintain an appropriate level of debt. The Company
undertakes no obligation to update these forward-looking statements
other than as required by law.
Lifetime Brands, Inc.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®, La Cafetière®, MasterClass®, Misto®,
Swing-A-Way®, Taylor® Kitchen, and Rabbit®; respected tableware and
giftware brands, including Mikasa®, Pfaltzgraff®, Fitz and Floyd®,
Empire Silver™, Gorham®, International® Silver, Towle®
Silversmiths, Wallace®, Wilton Armetale®, V&A®, Royal Botanic
Gardens Kew® and Year & Day®; 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.
The Company’s corporate website is www.lifetimebrands.com.
Contacts:
Lifetime Brands, Inc.Laurence Winoker, Chief
Financial
Officer516-203-3590investor.relations@lifetimebrands.com
or
Joele Frank, Wilkinson Brimmer KatcherEd
Trissel / Andrew Squire / Rose Temple212-355-4449
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/59418866-fca3-4d6c-82af-1bb38f2115fe
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