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About Lakeland Industries, Inc. (NASDAQ: LAKE)
Lakeland Industries, Inc., also known as Lakeland Fire + Safety, is a globally recognized manufacturer of high-performance protective clothing and accessories. Established in 1982 and headquartered in Huntsville, Alabama, the company serves a diverse range of industries, including chemical/petrochemical, healthcare, construction, automotive, pharmaceuticals, and fire services. Lakeland’s mission is to safeguard workers and first responders operating in hazardous environments by providing innovative, durable, and reliable personal protective equipment (PPE).
Core Business and Product Segments
Lakeland’s extensive product portfolio is strategically segmented to address critical safety needs across various industries:
- Industrial Protective Apparel: Includes disposable clothing, chemical-resistant suits, high-visibility garments, and flame-resistant workwear designed for sectors like oil & gas, manufacturing, and construction.
- Fire Services: A rapidly growing segment featuring head-to-toe solutions such as firefighter turnout gear, helmets, boots, and station wear. Recent acquisitions like Jolly Scarpe and LHD Group have enhanced its product range and geographic reach.
- Critical Environments: Specialized apparel for cleanrooms, laboratories, and pharmaceutical settings, ensuring contamination control and worker safety.
- Healthcare PPE: Includes gowns, gloves, and other protective gear for medical professionals and emergency responders.
Global Reach and Market Presence
With operations spanning over 50 countries, Lakeland’s products are trusted worldwide. The company leverages a robust distribution network of over 2,000 global safety and industrial supply distributors. Key geographical markets include the United States, Europe, Latin America, Asia, and emerging regions like the Middle East and Southeast Asia. Lakeland’s inclusion in the Houston-Galveston Area Council (HGACBuy) program further solidifies its position as a preferred supplier for over 9,000 government entities, streamlining procurement for fire services and industrial safety products.
Strategic Growth and Competitive Edge
Lakeland’s growth strategy is anchored in organic expansion and strategic acquisitions. The company’s “head-to-toe” product offerings, combined with superior lead times and global certifications, provide a competitive edge. Acquisitions like Pacific Helmets and Jolly Scarpe have not only diversified its product portfolio but also strengthened its presence in key markets like Germany, Australia, and Hong Kong. Lakeland’s vertically integrated manufacturing model ensures quality control and cost efficiency, enhancing its ability to compete in a fragmented PPE market.
Commitment to Quality and Innovation
Known for its rigorous quality standards, Lakeland continuously invests in research and development to innovate its product lines. The company’s protective gear is meticulously designed to meet the demanding requirements of industries where safety is paramount. Its products are routinely specified for use in hazardous material handling, fire rescue operations, and critical healthcare settings.
Conclusion
Lakeland Industries stands as a cornerstone in the global protective apparel market, combining decades of expertise with a forward-thinking approach to safety and innovation. Its commitment to safeguarding lives and its strategic focus on high-growth segments like fire services position it as a trusted partner for industrial and public safety needs worldwide.
Lakeland Industries (NASDAQ:LAKE), a leading global manufacturer of protective clothing and apparel, has announced its participation in two major investor conferences in December 2024. CEO and Executive Chairman Jim Jenkins and COO Helena An will attend the Benchmark 13th Annual Discovery One-on-One Conference in New York on December 11, while CFO Roger Shannon will be present at the 13th Annual ROTH Deer Valley Event in Park City, Utah, from December 11-14.
Both events will feature one-on-one meetings with institutional investors. Interested parties can schedule meetings through conference representatives or by contacting LAKE@mzgroup.us.
Lakeland Industries (NASDAQ:LAKE), a global manufacturer of protective clothing and apparel, has scheduled its fiscal year 2025 third quarter financial results conference call for Thursday, December 5, 2024, at 4:30 p.m. Eastern Time. The company will release detailed financial results for the quarter ended October 31, 2024, before the call. President, CEO and Executive Chairman Jim Jenkins and CFO Roger Shannon will host the conference call, which will include a presentation and Q&A session. The call will be accessible via telephone and webcast, with replay available through March 5, 2025.
Lakeland Industries (NASDAQ:LAKE), a global manufacturer of protective clothing, announced its Board of Directors has declared a quarterly cash dividend of $0.03 per share for the fourth quarter of 2025. The dividend will be paid on November 22, 2024, to stockholders of record as of November 15, 2024. The company specializes in protective clothing for industry, healthcare, and first responders at federal, state, and local levels.
Lakeland Industries (NASDAQ:LAKE), a leading global manufacturer of protective clothing and apparel, has engaged MZ Group to lead its strategic investor relations and financial communications program. The campaign will highlight Lakeland's revenue growth, particularly in fire services, which saw a 34% year-over-year increase in Q2 FY2025. Lakeland reaffirmed its FY2025 guidance with revenue expected between $160 million - $170 million and Adjusted EBITDA between $18 million - $21.5 million.
MZ Group will focus on increasing Lakeland's visibility in the investment community, emphasizing its $6.0 billion total addressable market and growth strategies. The company's recent acquisition of LHD Group Deutschland GmbH's fire and rescue business enhances its global presence. Lakeland aims to expand its fire turnout business through acquisitions while growing its industrial safety business.
Lakeland Industries (NASDAQ:LAKE) reported fiscal 2025 Q2 results with net sales of $38.5 million, up 16.5% year-over-year, and a gross margin of 39.6%. The company saw strong growth in fire services, up 34%, but faced challenges in other areas. Lakeland reported a net loss of $1.4 million or ($0.19) per share, compared to net income of $2.5 million or $0.33 per share last year. Adjusted EBITDA excluding FX was $2.7 million, down from $4.7 million in Q2-FY24. The company rebranded as Lakeland Fire + Safety, integrating its acquired brands. Despite Q2 challenges, management remains confident in full-year projections, expecting growth acceleration in the second half of FY2025.
Lakeland Industries (NASDAQ:LAKE), a leading global manufacturer of protective clothing, has announced it will release its fiscal 2025 second quarter financial results on Wednesday, September 4, 2024, after market close. The company will host a conference call and live webcast on Thursday, September 5, 2024, at 12:00 p.m. eastern to discuss the results.
The call will be led by Jim Jenkins, President and CEO, and Roger Shannon, CFO. Investors and analysts can join the webcast through the provided link or dial in using the numbers (888) 506-0062 or (973) 528-0011 with passcode 705386. An audio replay will be available until September 12, 2024, accessible by dialing (877) 481-4010 or (919) 882-2331 with passcode 51185.
Lakeland Industries (NASDAQ:LAKE), a global leader in protective clothing manufacturing, has announced its participation in the 4th Annual CEO Networking Event hosted by Semco Capital. The event is scheduled for August 15, 2024, at the Wildfire Restaurant in Chicago.
CEO Jim Jenkins and CFO Roger Shannon will represent Lakeland, engaging in a fireside chat and Q&A session. This networking event brings together top microcap companies with strong growth potential, offering investors a unique opportunity to interact with management teams. Interested investors can contact Scott Weis at scott@semcocapital.com for attendance details.
Lakeland Industries (NASDAQ:LAKE), a leading global manufacturer of protective apparel, has appointed Laurel Yartz as Chief Human Resources Officer. This newly created position underscores Lakeland's commitment to enhancing its human capital strategies and driving organizational excellence. Ms. Yartz brings over 30 years of experience in global Human Resources leadership, primarily in Fortune 500 and private equity companies. She will be responsible for enhancing Lakeland's people strategy and fostering a culture focused on growth, innovation, execution, customer satisfaction, and continuous improvement. Ms. Yartz will report to Jim Jenkins, President, CEO and Executive Chairman.
Lakeland Industries, a global manufacturer of protective clothing, announced the filing of a shelf registration statement on Form S-3 with the SEC. This registration allows the company to offer and sell various securities, including common stock, preferred stock, debt securities, warrants, rights, and units, subject to market conditions and capital needs. Although there are no immediate plans to sell these securities, the company views this move as a prudent measure to maintain financial flexibility for future opportunities. The statement is currently pending SEC effectiveness. No securities can be sold or offers accepted until then.
Lakeland Industries (NASDAQ: LAKE) has completed the acquisition of LHD Group Deutschland GmbH's fire and rescue business, along with its subsidiaries in Hong Kong and Australia, for approximately $16.3 million.
LHD generates around $27 million in annual revenue and has 111 employees globally.
The acquisition enhances Lakeland's presence in the global fire services market, expanding its reach in Germany, Australia, and Asia.
LHD's product range, including firefighter turnout gear and protective equipment, complements Lakeland's offerings.
The acquisition introduces new revenue streams through LHD's protective clothing maintenance services and retains LHD's skilled workforce.
Lakeland expects the acquisition to immediately contribute to its revenue growth and market expansion.
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