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Lifetime Brands (LCUT)
The average household kitchen would be crippled without Lifetime Brands. The Westbury (N.Y.) company owns or licenses some of the most famous names in housewares, including KitchenAid, Farberware, and Cuisinart. Lifetime has turbocharged its growth through a string of recent acquisitions, including cookware makers Excel and The Pfaltzgraff Co. Lifetime's profits have soared an average of 51% a year for the last three years on sales that have risen an average of 31%. Most recently, Lifetime acquired Syratech Corp., which will greatly expand its presence in the market for luxury tabletop silverware. Lifetime expects the business to add $100 million to its top line, which could top out at $500 million this year -- a 62% increase over last year's revenues.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 382.8 |
| Sales* ($ Millions) | 339.2 |
| Sales Growth (3-yr. avg. annual) |
31.3 % |
| Profits* ($ Millions) | 14.0 |
| Profit Growth (3-yr. avg. annual) | 51.4 % |
| Return on Inv. Capital (3-yr.) | 9.0 % |
| Share Price 12-Mo. Hi/Lo | 30/16 |
| Share Price As of 4/28/06 | 30 |
| Return on Equity | 9.9 % |
| P/E Ratio | 25 |
| No. of Employees | 1,706 |
| Industry | Housewares & Specialties |
| CURRENT MARKET INFO | LCUT > |
| COMPANY WEB SITE > | |
| Location | Westbury, N.Y. |
| Phone | 516 683-6000 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Lifetime Brands engages in the design, development, and marketing of various consumer products in the U.S. The company offers various kitchenware products that include tools and gadgets used in the preparation and serving of meals; functional glassware products for storing and dispensing food and condiments; and condiments and barbeque tools. Lifetime Brands' cutlery and cutting products comprise kitchen knives, steak knives, shears, and sharpening steels, as well as specialty items; and bakeware and cookware products consisting of baking, measuring, and rangetop products, such as cake and pie pans, cookie sheets, cookie presses, muffin pans, roasters, scraper sets, whisks, cutters, rolling pins, baking shells, baking cups, measuring devices, thermometers, timers, pizza stones, fondues, and woks. Its pantryware and spices products include wood, wire, and stainless steel breadboxes, mug holders, paper towel dispensers, spice racks, grinders, caddies, teakettles, and storage and organization products; and bath accessories comprising decorative hardware, such as towel bars, towel racks, soap dishes, hooks, toilet tissue holders, and metal and wire baskets. The company's tabletop products encompass plates, bowls, cups, and accessories; flatware includes knives, forks, spoons, and hostess serving pieces; drinkware comprises glassware, stemware and barware, as well as pitchers, vases, and related accessories; crystal includes stemware, barware, decanters, and decorative objects, such as picture frames; and tabletop accessories, including salad bowls, serving bowls, and serving platters. Lifetime Brands distributes its products through mass merchants, specialty stores, national chains, department stores, warehouse clubs, supermarkets, off-price retailers, and home centers, and also retails under the Farberware and Pfaltzgraff brand names. The company was founded in 1945 and has its headquarters in Westbury, N.Y.
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