Lakeland Industries

Lakeland Industries, Inc. engages in the manufacture and sale of safety garments and accessories for the industrial and public protective clothing market. It operates through the Domestic and International geographical segments. The firm's products include disposable protective clothing, chemical protective clothing, woven protective clothing, fire protective gear, heat protective clothing, reflective protective clothing, hand and arm protection, arc or fire-retardant rated rainwear, and fire-retardant protective clothing. The company was founded in April 1982 and is headquartered in Huntsville, AL.

Earnings data Q4 2021

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Lakeland Industries reports $29M in Q1 sales, focuses on growth

Lakeland Industries is focused on revenue growth, operational efficiency, and maintaining a strong financial position amidst economic uncertainty. The company is making progress with integration efforts and plans to bring product manufacturing in-house, while also initiating a dividend program and expecting a favorable effective tax rate for fiscal 2024.

Lakeland Industries Reports Strong Q2 Earnings, Eyes Growth Opportunities

Lakeland Industries delivered strong second quarter results, driven by organic growth and the positive impact of acquisitions. While facing challenges in Asian markets, the company is focused on strategic priorities to drive revenue growth and maintain a robust financial position.

Lakeland Industries Reports Strong Q3 Performance and Expands Global Presence

Lakeland Industries delivered strong financial results, driven by revenue growth, strategic acquisitions, and a focus on high-value product lines. While facing challenges in certain markets, the company's M&A strategy and global growth opportunities position it for continued success.

Lakeland Industries reports Q4 growth but faces margin challenges

Lakeland Industries' Q4 2023 performance reflects mixed results with revenue growth but margin challenges.
The company's strong liquidity position and strategic priorities position it well for future growth.
Addressing challenges in sequential sales decline and tax rates while leveraging opportunities can drive sustained success.
Investors should monitor Lakeland's execution of growth strategies and margin improvement initiatives closely.

Lakeland Industries excels in Q1 2024, eyes international growth

Lakeland Industries demonstrated resilience and growth in Q1 2024, leveraging targeted strategies and high-value offerings.
While facing challenges in Asian markets due to COVID-19, the company capitalized on opportunities in Europe and Latin America.
With a strong financial position, ongoing integration efforts, and focus on innovation, Lakeland is poised for continued success.

Lakeland Industries reports robust Q2 earnings, eyes growth opportunities

Lakeland Industries' Q2 2024 earnings call showcased strong sales growth, solid margins, and promising EBITDA growth. While facing challenges in certain Asian markets, the company is well-positioned to capitalize on opportunities through strategic priorities and synergies from recent acquisitions.

Lakeland Industries excels in Q3 with strategic acquisitions and growth

Lakeland Industries delivered a robust performance in Q3 2024, marked by strong sales growth, profitability, and strategic acquisitions, positioning the company for future success.
With a focus on high-value product lines, effective cost management, and financial prudence, Lakeland has strengthened its competitive position and financial health.
While facing challenges in certain regions and operational aspects, Lakeland's proactive approach to addressing market dynamics and seizing growth opportunities underscores its resilience and strategic foresight.
By capitalizing on market strengths, addressing challenges, and pursuing growth opportunities, Lakeland is poised to navigate uncertainties and drive sustainable value creation for stakeholders.

Lakeland Industries posts robust earnings, eyes growth through strategic acquisitions

Lakeland Industries delivered strong financial results for Q4 2024 and FY 2024, supported by strategic acquisitions and operational enhancements.
While facing challenges such as currency devaluation and leadership transitions, the company remains optimistic about future growth prospects.
By focusing on innovation, customer satisfaction, and operational excellence, Lakeland is well-positioned to capitalize on market opportunities and drive continued success.

Lakeland Industries excels in Q1 2025, eyes growth through acquisitions

Lakeland Industries delivered strong financial results in Q1 2025, driven by revenue growth, improved margins, and strategic acquisitions.
The company's focus on expanding product reach, raising guidance, and addressing challenges through strategic planning positions it for continued success.
While facing challenges in integration and margin management, Lakeland can capitalize on opportunities in new markets and operational enhancements for future growth.

Lakeland Industries reports Q2 loss, eyes growth post-acquisition

Lakeland Industries faced challenges with lower sales and increased expenses, resulting in a net loss for Q2 2025.
Despite these challenges, the company maintains a strong cash position and is focused on growth strategies.
Opportunities lie in leveraging the LHD acquisition, addressing sales factors, and optimizing expenses for improved performance.

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Net sales of $28.4 million and gross margin of 43.3% HUNTSVILLE, AL / ACCESSWIRE / December 8, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, today announced financial results for its fiscal 2023 third quarter ended October 31, 2022. Fiscal 2023 Third Quarter Financial Results Highlights Net sales of $28.4 million, up 0.7% sequentially Gross margin was 43.3%, above the Company's long-term target threshold of 40% and up from 41.3% in 2Q23 Net income of $1.4 million or $0.19 per basic common share in 3Q23 Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA)* of $3.0 million in 3Q23, compared to $2.5 million in 2Q23 Completed $2.3 million of share repurchases during the quarter and announced new $5 million share repurchase program subsequent to quarter end Currency headwinds of $1.6 million, due primarily to fluctuation in the Chinese yuan and Argentine peso Completed acquisition of Eagle Technical Products subsequent to quarter end, enhancing Lakeland's product portfolio and sales channels "We are pleased to have delivered another quarter of sequential revenue improvement, driven primarily by volume growth, and strong profitability with a gross margin of over 43%," said Charles D.

Lakeland Industries, Inc. Reports Fiscal 2023 Third Quarter Financial Results

HUNTSVILLE, AL / ACCESSWIRE / December 5, 2022 / Leading global protective apparel manufacturer Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland") announced today the acquisition of UK-based Eagle Technical Products Limited ("Eagle") in an all-cash transaction valued at approximately $10.8 million subject to post-closing adjustments and potential future earnout payments. The acquisition enhances Lakeland's product portfolio, particularly within fire service protective clothing and expands its sales presence in the Middle East and Europe.

Lakeland Industries Enhances Its Global Fire Protection Business with the Acquisition of Eagle Technical Products

HUNTSVILLE, AL / ACCESSWIRE / November 28, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, will release its financial results for the fiscal 2023 third quarter ended October 31, 2022, on Thursday, December 8, 2022, after the closing of the stock market and will conduct a conference call thereafter on the same day at 4:30 p.m. eastern. The conference call will be hosted by Charles D.

Lakeland Industries to Report Fiscal 2023 Third Quarter Financial Results and Conduct Conference Call

Lakeland manufactures personal protective equipment for industrial uses. Although the company competes with giants like DuPont or Kimberly-Clark, it has carved itself a profitable position in the market.

Lakeland Industries Is A Little Too Expensive

HUNTSVILLE, AL / ACCESSWIRE / September 15, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, today announced that Charlie Roberson, President and Chief Executive Officer, and Allen Dillard, Chief Operating and Financial Officer, will present and host one-on-one meetings with investors at the Sidoti September Virtual Investor Conference, taking place on September 21-22, 2022. The presentation will begin at 4:00 pm ET on Wednesday, September 21, 2022, and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_FTaNP9sXQ82oKpZGh_XrCA.

Lakeland Industries, Inc. to Attend Sidoti Virtual Investor Conference September 21-22

Lakeland Industries (LAKE) delivered earnings and revenue surprises of -48.15% and 5.74%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

Lakeland Industries (LAKE) Lags Q2 Earnings and Revenue Estimates

Lakeland Industries, Inc. (NASDAQ:LAKE ) Q2 2023 Earnings Conference Call September 8, 2022 4:30 PM ET Company Participants Charles Roberson - President & CEO Allen Dillard - COO & CFO Conference Call Participants Alex Fuhrman - Craig-Hallum Operator Good day, and welcome to the Lakeland Industries Fiscal 2023 Second Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode and the floor will be opened for your questions and comments following the presentation.

Lakeland Industries, Inc. (LAKE) Q2 2023 Earnings Call Transcript

Net sales of $28.2 million, up 3.3% sequentially and an increase of 2.6% year-over-year HUNTSVILLE, AL / ACCESSWIRE / September 8, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, today announced financial results for its fiscal 2023 second quarter ended July 31, 2022. Fiscal 2023 Second Quarter Financial Results Highlights Net sales of $28.2 million, up 3.3% sequentially and an increase of 2.6% year-over-year Gross margin was 41.3%, above the Company's long-term target threshold of 40% and up from 40.5% in 1Q23 Net loss of $0.9 million or ($0.11) per basic common share in 2Q23 after discrete tax provision Non-GAAP net income* of $1.1 million or $0.15 per basic common share in 2Q23 consistent with $0.9 million or $0.13 per basic common share in 1Q23 Earnings before interest, taxes, depreciation, and amortization (EBITDA)* of $2.1 million in 2Q23, compared to $1.9 million in 1Q23 Completed $2.7 million of share repurchases during the quarter Currency headwinds of $0.8 million, due primarily to fluctuation in the Chinese yuan "Lakeland is pleased to have delivered another quarter of sequential improvement, characterized by quarter-over-quarter and year-over-year volume growth as well as maintaining a gross margin of over 40%," said Charles D.

Lakeland Industries, Inc. Reports Fiscal 2023 Second Quarter Financial Results

HUNTSVILLE, AL / ACCESSWIRE / August 25, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, will release its financial results for the fiscal 2023 second quarter ended July 31, 2022, on Thursday, September 8, 2022, after the closing of the stock market and will conduct a conference call thereafter on the same day at 4:30 p.m. eastern. The conference call will be hosted by Charles D.

Lakeland Industries to Report Fiscal 2023 Second Quarter Financial Results and Conduct Conference Call

Lakeland Industries missed sales and earnings estimates in its most recent first quarter. The market remains unconvinced that Lakeland Industries growth can resume.

Lakeland Industries: Down But Not Out

HUNTSVILLE, AL / ACCESSWIRE / June 22, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, announced today that Christopher J. Ryan, Executive Chairman of the Board, intends to step down from his role as Executive Chairman in 2023.

Lakeland Industries Announces Board Leadership Changes In Line With Existing Board Succession Plan

Lakeland Industries (LAKE) delivered earnings and revenue surprises of -48.15% and 1.17%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Lakeland Industries (LAKE) Misses Q1 Earnings and Revenue Estimates

Lakeland Industries, Inc. (NASDAQ:LAKE ) Q1 2023 Earnings Conference Call June 9, 2022 4:30 PM ET Company Participants Charles Roberson - President and CEO Allen Dillard - COO and CFO Conference Call Participants Alex Fuhrman - Craig-Hallum Operator Good day and welcome to the Lakeland Industries Fiscal 2023 First Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode and the floor will be opened for your questions and comments following the presentation.

Lakeland Industries, Inc. (LAKE) CEO Charles Roberson on Q1 2023 Results Earnings Call Transcript

First quarter gross margin of 40.5% on gross profit of $11.1 million HUNTSVILLE, AL / ACCESSWIRE / June 9, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, today announced financial results for its fiscal 2023 first quarter ended April 30, 2022. Fiscal 2023 First Quarter Financial Results Highlights Net sales of $27.3 million, a decline of 20% compared to 1Q22 as COVID-19 specific demand continues to be largely absent from the Company's results and core industrial demand slowly increases to pre-pandemic levels Gross margin was 40.5%, above the Company's long-term target threshold of 40%, signaling sustained profitability Net income of $1.1 million or $0.15 per basic common share in 1Q23, down from $5.0 million or $0.63 per basic common share in 1Q22 Earnings before interest, taxes, depreciation, and amortization (EBITDA)* of $1.9 million in 1Q23, down 73% from $7.1 million in 1Q22 Completed $0.4 million of share repurchases during the quarter "While supply chain disruptions and depressed levels of industrial demand impacted revenues, we are pleased to have delivered solid results in the first quarter, highlighted by a gross margin of over 40%," said Charles D.

Lakeland Industries, Inc. Reports Fiscal 2023 First Quarter Financial Results

HUNTSVILLE, AL / ACCESSWIRE / May 26, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, will release its financial results for the fiscal 2023 first quarter ended April 30, 2022, on Thursday, June 9, 2022, after the closing of the stock market and will conduct a conference call thereafter on the same day at 4:30 p.m. eastern. The conference call will be hosted by Charles D.

Lakeland Industries to Report Fiscal 2023 First Quarter Financial Results and Conduct Conference Call

Lakeland Industries (LAKE) delivered earnings and revenue surprises of -51.35% and 9.47%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Lakeland Industries (LAKE) Q4 Earnings and Revenues Miss Estimates

Lakeland Industries, Inc. (NASDAQ:LAKE ) Q4 2022 Earnings Conference Call April 18, 2022 4:30 PM ET Company Participants Charles Roberson - President and CEO Allen Dillard - Chief Operating and Financial Officer Conference Call Participants Alex Fuhrman - Craig-Hallum Operator Good day, and welcome to the Lakeland Industries Preliminary Fiscal 2022 Fourth Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode and the floor will be opened for your questions and comments following the presentation.

Lakeland Industries, Inc. (LAKE) CEO Charles Roberson on Q4 2022 Results - Earnings Call Transcript

Lakeland Industries, Inc. (NASDAQ: LAKE) reported a fourth-quarter net sales decline of 27% year-over-year to $26.8 million, missing the consensus of $29.9 million. Domestic sales were $11.2 million or 42% of total revenues, and international sales were $15.6 million or 58%.

Why Lakeland Industries Shares Are Sliding After Q4 Earnings

Disciplined pricing execution evidenced by gross margin of 39.2% and 43.0% for the fiscal fourth quarter and full year 2022, respectively New $5 Million Stock Repurchase Program Announced on 4/13/2022 HUNTSVILLE, AL / ACCESSWIRE / April 18, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, today announced financial results for its fiscal 2022 fourth quarter and full year ended January 31, 2022. Preliminary Fiscal 2022 Fourth Quarter Financial Results Highlights Net sales declined 27% compared to 4Q21 as COVID-19 specific demand continued to abate and core demand from industrial markets and other segments continued to slowly return to pre-pandemic levels Gross margin was 39.2%, largely in-line with our long-term target threshold of 40% despite one-time items and short-term headwinds as our product mix and sales dispersion across markets normalize to pre-pandemic levels Net income of $0.5 million or $0.06 per basic common share in 4Q22, down from $7.7 million or $0.97 per basic common share in 4Q21 reflects shipments returning to pre-pandemic levels, investment in sales and marketing activities and near-term pressure on operating margins as pace of returning demand from industrial customers, most notably the oil and gas sector, lags decline in COVID specific demand Earnings before interest, taxes, depreciation, and amortization (EBITDA)* of $2.2 million in 4Q22, down 79% from $10.5 million in 4Q21 Completed $3.3 million of share repurchases during the quarter Preliminary Fiscal 2022 Full Year Financial Results Highlights Net sales for fiscal 2022 of $118.4 million, down from $159.0 million in fiscal 2021 as overall demand began to rebase from COVID-19 induced spikes across 2021 and into early 2022 results.

Lakeland Industries, Inc. Reports Preliminary Fiscal 2022 Fourth Quarter and Year End Financial Results

HUNTSVILLE, AL / ACCESSWIRE / April 13, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, announced today that its Board of Directors has authorized a new stock repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock. This new program will become effective upon exhaustion of the current program which has approximately $800,000 remaining for repurchases.

Lakeland Industries Announces New $5 Million Stock Repurchase Program

HUNTSVILLE, AL / ACCESSWIRE / April 1, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, announced today that it will now release its financial results for the fiscal 2022 fourth quarter and full year ended January 31, 2022, on Monday, April 18, 2022, after the closing of the stock market and will conduct a conference call thereafter on the same day at 4:30 p.m. eastern. The conference call will be hosted by Charles D.

Lakeland Industries Announces Date Change for Fiscal 2022 Fourth Quarter Financial Results Conference Call

HUNTSVILLE, AL / ACCESSWIRE / March 31, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, will release its financial results for the fiscal 2022 fourth quarter and full year ended January 31, 2022, on Thursday, April 14, 2022, after the closing of the stock market and will conduct a conference call thereafter on the same day at 4:30 p.m. eastern. The conference call will be hosted by Charles D.

Lakeland Industries to Report Fiscal 2022 Fourth Quarter Financial Results and Conduct Conference Call

HUNTSVILLE, AL / ACCESSWIRE / December 16, 2021 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and to first responders on the federal, state and local levels, today announced the promotion of Allen E. Dillard to Chief Operating and Financial Officer, effective January 1, 2022.

Lakeland Industries Promotes Allen E. Dillard to Chief Operating and Financial Officer

Lakeland Industries (LAKE) delivered earnings and revenue surprises of 2.94% and 5.26%, respectively, for the quarter ended October 2021. Do the numbers hold clues to what lies ahead for the stock?

Lakeland Industries (LAKE) Tops Q3 Earnings Estimates

Lakeland Industries, Inc. (LAKE) CEO Charles Roberson on Q3 2022 Results - Earnings Call Transcript

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