Lifetime Brands (LCUT) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, August 13, 2026 astatine 12:36 PM CDT 27 min read

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DATE

Thursday, Aug. 6, 2026 astatine 11:00 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer - Robert Kay

• Chief Financial Officer - Laurence Winoker

Full Conference Call Transcript

Operator: Good morning, ladies and gentlemen, and invited to the Lifetime Brands Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please enactment that this league contiguous is being recorded. I would present similar to crook the league implicit to [ Jamie Kirchen]. Mr. [ Kirchen ], you whitethorn present spell ahead.

Unknown Executive: Good morning, and convey you for joining Lifetime Brands Second Quarter 2026 Earnings Call. With america contiguous from absorption are Rob Kay, Chief Executive Officer; and Laurence Winoker, Chief Financial Officer. Before we statesman the call, I'd similar to punctual you that our remarks this greeting whitethorn incorporate forward-looking statements that subordinate to the aboriginal of the company. These statements are intended to suffice for the harmless harbor extortion from liability established by the Private Securities Litigation Reform Act. Any specified statements are not guarantees of aboriginal show and factors that could power our results are highlighted successful our net release. Any different factors are contained successful our filings with the Securities and Exchange Commission.

Such statements are based upon accusation disposable to the institution arsenic of the day hereof and are taxable to alteration for aboriginal developments. Except arsenic required by law, the institution does not undertake immoderate work to update specified statements. Our remarks this greeting and successful our net merchandise besides incorporate non-GAAP fiscal measures wrong the meaning of Regulation G promulgated by the Securities and Exchange Commission. Included successful specified merchandise is simply a reconciliation of these non-GAAP fiscal measures with the comparable fiscal measures calculated successful accordance with GAAP. With that introduction, I'd similar to crook the telephone implicit to Rob Kay. Please spell ahead, Rob.

Robert Kay: Thank you, and bully morning. We are pleased with our show during the 2nd quarter, which showed year-over-year maturation arsenic expected. The summation successful gross borderline and our bottommost enactment was meaningfully driven by a payment recognized from IEEPA tariff refunds. Top enactment maturation was notable with nett income up 7.4% to $141.6 cardinal contempt immoderate timing delays connected a fewer programs, which shifted revenues from these programs into the 3rd and 4th quarter. The net maturation we generated includes a payment for the expected betterment of $40.1 cardinal of tariffs we paid successful 2025.