Lifetime Brands, Inc. (NASDAQ:LCUT) Q3 2023 Results Conference Call November 9, 2023 11:00 AM ET
Company Participants
T.J. O'Sullivan - IR
Robert Kay - CEO
Laurence Winoker - CFO
Conference Call Participants
Anthony Lebiedzinski - Sidoti & Company
Brian McNamara - Canaccord Genuity
Linda Bolton-Weiser - D.A. Davidson
Operator
Good morning, ladies and gentlemen, and welcome to Lifetime Brands' Third Quarter 2023 Earnings Conference Call. [Operator Instructions].
I would now like to introduce your host for today's conference, T.J. O'Sullivan. And Mr. O'Sullivan, you may begin.
T.J. O'Sullivan
Thank you. Good morning, and thank you for joining Lifetime Brands' Third Quarter 2023 Earnings Call. With us today from management are Rob Kay, Chief Executive Officer; and Larry Winoker, Chief Financial Officer.
Before we begin the call, I'd like to remind you that our remarks this morning may contain forward-looking statements that relate to the future performance of the company, and these statements are intended to qualify for the safe harbor protection from liability established by the Private Securities Litigation Reform Act. Any such statements are not guarantees of future performance, and factors that could influence our results are highlighted in today's press release, and other factors are contained in our filings with the Securities and Exchange Commission. Such statements are based upon information available to the company as of the date hereof and are subject to change for future developments. Except as required by law, the company does not undertake any obligation to update such statements.
Our remarks this morning and in today's press release also contain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Included in the press release is a reconciliation of these non-GAAP financial measures with the comparable financial measures calculated in accordance with GAAP.
With that introduction, I'd like to turn the call over to Rob Kay. Please go ahead, Rob.
Robert Kay
Thank you. Good morning, everyone, and thank you for joining us today. We are pleased to share that our results in the third quarter once again exceeded analysts' expectations with our performance driven by the continued rebound of our core U.S. business and supported by our ongoing focus on actions to drive growth and profitability in a dynamic operating environment.
As the industry headwinds we have been observing for the last several quarters begin to abate, the actions we have taken are positioning us to perform well in comparison to the market and our peers. The results reported today are unchanged from preliminary estimated third quarter results we announced a few weeks ago in connection with the launch of an amendment and extension of our existing Term Loan B facility, which we'll discuss in further detail shortly.