On August 17, 2026, Lifetime Brands, Inc. entered into Amendment No. 3 to its Asset-Based Lending (ABL) Credit Agreement and executed a new Term Loan Agreement. The ABL amendment extends the maturity date to August 17, 2031, maintaining aggregate revolving commitments of $200.0 million with an expansion option up to $300.0 million. Concurrently, the company closed a $60.0 million second lien Term Loan maturing on August 17, 2031, which was used to refinance existing term loan indebtedness and pay transaction costs. The new financing arrangements include specific interest rate margins and financial covenants, including a Fixed Charge Coverage Ratio requirement of not less than 1.10 to 1.00. Lifetime Brands, Inc. operates in the consumer products industry, designing, marketing, and distributing home organization and storage solutions.

Lifetime Brands, Inc. reported second quarter 2026 net sales of $141.6 million, a 7.4% increase year-over-year, driven by growth in warehouse club and e-commerce channels. Net income was $19.6 million, or $0.87 per diluted share, compared to a net loss of $(39.7) million in the prior year period, largely due to a $40.1 million tariff refund benefit. The company raised its full-year 2026 earnings guidance, projecting adjusted net income of $46 to $47.5 million and adjusted diluted income per share of $2.06 to $2.13. Additionally, the Board declared a regular quarterly cash dividend of $0.0425 per share, payable on November 13, 2026 to shareholders of record as of October 30, 2026. Lifetime Brands is a leading global designer, developer and marketer of branded consumer products used in the home.

Lifetime Brands, Inc. declared a quarterly cash dividend of $0.0425 per share, payable on August 14, 2026, to stockholders of record as of July 31, 2026. The company's 2026 Annual Meeting of stockholders, annual meeting results, and an amendment and restatement of its 2000 Long-Term Incentive Plan, which reserves 10,717,500 shares for issuance, was also reported. Lifetime Brands, Inc. is a consumer goods company that sells home and kitchen products.