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Lifetime Brands, Inc. Q1 2010 Earnings Call Transcript

Lifetime Brands, Inc. (LCUT)

Q1 2010 Earnings Call

May 06, 2010 11:00 am ET

Executives

Jeff Siegel - Chairman, President & CEO

Larry Winoker - SVP & CFO

Analysts

Alvin Concepcion - Citigroup

Peir Uslin - Jefferies & Company

Mike Ruggirello - Barrington Research

Gary Giblin with Quint Miller

Neil Goldman - Goldman Capital

Presentation

Operator

Welcome to the Lifetime Brands First Quarter 2010 Conference Call. At this time, all participants are in a listen only mode. (Operator Instructions) I would now like to turn the conference over to Ms. Harriet Fried, please go ahead ma'am

Harriet Fried

Good morning everyone and thank you for joining Lifetime Brands’ first quarter 2010 conference call. With us today from management are Jeff Siegel, Chairman, President and Chief Executive Officer and Larry Winoker, Senior Vice President and Chief Financial Officer.

Before we begin I’ll read the Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. The statements that are about to be made in this conference that are not historical factors are forward-looking statements and involve risks and uncertainties including but the company's ability to comply with requirement of its credit agreement. The availability of funding under that credit agreement. The Company's ability to maintain adequate liquidity and financing sources and an appropriate level of debt. Changes in general economic conditions which could affect customer payment practices or consumer spending, changes in demand for company's product, shortages and price volatility for certain commodities, effective competition on the company's market and other risk details Lifetime Brands' filing with the SEC.

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