Lifetime Brands Q4 Profit Declines - Quick Facts

(RTTNews) - Lifetime Brands Inc. (LCUT), a provider of branded kitchenware, tableware and other products used in the home, reported that its fourth quarter net income declined to $9.26 million or $0.66 per share from $9.39 million or $0.72 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $8.32 million or $0.59 per share, compared to $10.02 million or $0.76 per share in the year-ago quarter.

Consolidated net sales for the quarter grew 15.2 percent to $190.03 million from $164.86 million in the same quarter last year.

Looking ahead to fiscal 20015, the company expects consolidated net sales to increase 3 to 6 percent.

On March 4, the Board of Directors declared a quarterly cash dividend of $0.0375 per share, payable on May 15 to shareholders of record on May 1, 2015.