Strategic Diversification and Operational Resilience
Despite challenges, Lifetime Brands reported strong gains in cutlery, kitchen measurement, and international business, emphasizing a diversified platform to mitigate reliance on any single outlet.
Cost Efficiency and Cash Flow Management
Adjusted EBITDA remained stable, supported by cost-efficiency actions amounting to over $14 million annually. Cash flow from operations exceeded $25 million year-to-date, with strong liquidity of over $90 million.
International Market Growth
The international segment, especially Europe, delivered a 12.4% increase in sales to $12.6 million, driven by e-commerce and expansion into national accounts.
Successful Product Innovations
New product introductions like Build-A-Board and growth in the Taylor division contributed to market share gains, reflecting the company's focus on innovation.