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Lakeland Inds - LAKE STOCK NEWS

Welcome to our dedicated page for Lakeland Inds news (Ticker: LAKE), a resource for investors and traders seeking the latest updates and insights on Lakeland Inds stock.

Overview

Lakeland Industries (LAKE) is a publicly-held, multidivisional manufacturer dedicated to producing high-performance protective garments and accessories. The company specializes in industrial safety apparel for sectors such as chemical, petrochemical, healthcare, automotive, glass, cement, and fire services. With decades of experience in the market, Lakeland has built a reputation for quality, innovation, and reliability across global markets.

Product Portfolio

The company offers a comprehensive range of products including disposables, chemical resistant clothing, fire service gear, gloves, high visibility wear, high-performance garments, and woven textiles. These products are designed for a variety of environmental conditions and industries where safety is paramount. Their offerings are tested on the job, making them a trusted solution for end users who require durable and effective protective clothing.

Global Reach and Distribution

Lakeland operates through a sophisticated global distribution network, selling its products through in-house sales teams as well as a vast network of over 2,000 authorized safety and industrial supply distributors. The company maintains a strong presence in key regions including North America, Latin America, Canada, Asia, Europe, and beyond. Strategic partnerships with organizations such as LineDrive and participation in government procurement programs underscore its commitment to expanding market penetration and ensuring product availability worldwide.

Research, Development, and Strategic Acquisitions

Innovation is at the core of Lakeland's business approach. Robust research and development programs enable the company to continuously improve product performance and adapt to evolving industrial safety needs. Strategic acquisitions, including those enhancing their fire services and head-to-toe protective solutions, further diversify the product portfolio and extend market reach. Such initiatives reinforce Lakeland's commitment to quality and position the firm as an integral player in the industrial safety market.

Market Position and Competitive Landscape

Lakeland is recognized for its robust quality standards and its ability to supply consistently reliable protective clothing under challenging conditions. The competitive edge lies in its comprehensive approach: a diversified product line, global logistical capabilities, and a history of strategic acquisitions that strengthen its footprint in high-value industrial segments such as fire services. Clear industry expertise and governance support continuous improvements, allowing Lakeland to respond proficiently to market demands.

Commitment to Quality and Customer Service

Quality is the cornerstone of Lakeland's manufacturing process. Meticulous design practices and rigorous testing ensure that each product meets stringent safety standards, while superior customer service and technical support enhance user satisfaction. This commitment to excellence has cemented the brand's reputation among integrated industries, government agencies, and first responders worldwide.

Key Industry Terminology and Insights

  • Industrial Protective Clothing: Garments designed to protect workers from physical, chemical, and thermal hazards.
  • Fire Services: Specialized product lines tailored for firefighting and emergency response applications.
  • Strategic Acquisitions: Targeted investments intended to expand market presence and diversify product offerings.
  • Global Distribution: An extensive network that enables efficient delivery of safety products to both domestic and international markets.

This detailed overview aims to inform investors and industry observers about Lakeland's operations, emphasizing its proven track record, diversified product portfolio, and strategic initiatives that uphold its authority and trustworthiness in the industrial safety market.

Rhea-AI Summary
Lakeland Industries, Inc. reports fiscal 2024 net sales of $124.7 million with a gross margin of 41.1%. The company acquired Jolly Boots and the LHD Group fire and rescue business. FY 25 revenue is expected to be between $140 million to $150 million. Despite challenges in the Asia business, the U.S. and Latin American operations saw significant growth in the past year.
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Lakeland Industries, Inc. acquires LHD Group Deutschland GmbH's fire and rescue business, expanding its global presence in premium fire services products. The acquisition valued at $16.7 million adds Total Care maintenance, cleaning, and repair services to Lakeland's offerings, enhancing its market share and revenue potential.
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Lakeland Industries, Inc. (NASDAQ: LAKE) will release its financial results for the fiscal 2024 fourth quarter on April 10, 2024. The conference call with the Acting President and CEO will be on April 11, 2024, at 12:00 p.m. eastern.
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Lakeland Industries, Inc. announces participation in the 36th Annual ROTH Conference. Jim Jenkins and Roger Shannon to host one-on-one meetings with investors.
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Planet MicroCap announces the release of Winter/Spring 2024 Issue of Planet MicroCap Review Magazine featuring profiles on public MicroCap companies and articles from industry experts.
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Lakeland Industries, Inc. (NASDAQ:LAKE) has acquired Jolly Scarpe S.p.A. and Jolly Scarpe Romania S.R.L. in an all-cash transaction valued at approximately $9.3 million. Jolly is a leading designer and manufacturer of professional footwear for first responders, with headquarters in Italy and manufacturing operations in Romania. The acquisition is expected to add $14 to $16 million of sales revenue to Lakeland this fiscal year and is anticipated to be immediately accretive. The acquisition expands Lakeland's fire product offerings, enhances its geographic presence in continental Europe, and presents compelling cross-selling opportunities across global sales and distribution channels.
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Lakeland Industries, Inc. (NASDAQ: LAKE) has declared a cash dividend of $0.03 per share for its fiscal first quarter of 2025. The dividend will be paid on February 22, 2024, to stockholders of record as of February 15, 2024.
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Lakeland Industries, Inc. (NASDAQ:LAKE) announced its fiscal 2024 third-quarter financial results, reporting net sales of $31.7 million, up 11.6% year-over-year, and a gross margin of 42.2%. The company also completed the acquisition of Pacific Helmets NZ, Ltd, enhancing its fire service offering. Despite ongoing economic headwinds in China and foreign currency fluctuations, the company remains encouraged by the opportunities in front of them.
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Lakeland Industries, Inc. (NASDAQ:LAKE) announced the acquisition of Pacific Helmets NZ Limited, a leading designer and manufacturer of helmets for the firefighting and rescue markets. The all-cash transaction is valued at approximately $8.5 million and is expected to add seven to eight million dollars of sales revenue to Lakeland in the next fiscal year. The acquisition enhances Lakeland's global fire services expansion efforts, strengthens its product portfolio, and provides a compelling cross-selling opportunity.
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Lakeland Industries, Inc. (NASDAQ: LAKE) will release its financial results for the fiscal 2024 third quarter on December 6, 2023. The conference call and live webcast will be held on December 7, 2023. The company is a leading global manufacturer of protective clothing for industry, healthcare, and first responders on federal, state, and local levels.
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FAQ

What is the current stock price of Lakeland Inds (LAKE)?

The current stock price of Lakeland Inds (LAKE) is $17.85 as of April 4, 2025.

What is the market cap of Lakeland Inds (LAKE)?

The market cap of Lakeland Inds (LAKE) is approximately 168.5M.

What does Lakeland Industries manufacture?

Lakeland Industries manufactures a wide range of protective clothing and accessories, including products for industrial, chemical, and fire safety applications.

Which industries does Lakeland serve?

The company serves diverse industries such as chemical/petrochemical, healthcare, automotive, construction, and fire services, as well as government agencies and first responders.

How does Lakeland distribute its products globally?

Lakeland distributes its products through in-house sales teams and a network of over 2,000 authorized distributors, serving markets in North America, Europe, Asia, Latin America, and other regions.

What role does research and development play at Lakeland?

Research and development are central to Lakeland's business, driving innovation and continuous improvement in product performance to meet rigorous safety standards.

How has Lakeland expanded its product portfolio?

Through strategic acquisitions and organic growth, Lakeland has diversified its offerings to include disposables, chemical-resistant clothing, high-performance fire service gear, and more.

How does Lakeland ensure the quality of its protective garments?

Quality is maintained through meticulous design, rigorous testing, and continuous improvement processes, ensuring that the products meet or exceed industry safety standards.

What differentiates Lakeland from its competitors?

Lakeland's competitive edge comes from its comprehensive product lineup, global distribution network, strong emphasis on R&D, and strategic initiatives that enhance both quality and market reach.
Lakeland Inds

Nasdaq:LAKE

LAKE Rankings

LAKE Stock Data

168.46M
8.83M
4.26%
70.18%
1.57%
Apparel Manufacturing
Orthopedic, Prosthetic & Surgical Appliances & Supplies
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United States
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