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.
Lakeland Industries, Inc. manufactures protective clothing and apparel for industry, healthcare and first responders under the Lakeland Fire + Safety identity. News about LAKE commonly covers fiscal results, cash flow and portfolio actions, including the completed sale of the HPFR and HiViz product lines and the company’s focus on Fire Services and core industrial personal protective equipment.
Company updates also track firefighter PPE certifications and launches, including NFPA 1970:2025 certified turnout gear, gloves, hoods, helmets, boots and proximity gear across its brand portfolio. Recurring developments include customer orders for fire gear, EMEA fire sales activity, LHD Germany operating changes, logistics initiatives and leadership updates tied to the company’s global fire and industrial safety platform.
Lakeland Industries (NASDAQ:LAKE) reported record Q3 FY2025 results with net sales increasing 44.5% to $45.8 million, primarily driven by a 245% increase in Fire Services products. Gross profit rose 38.9% to $18.6 million, while gross margin decreased to 40.6% from 42.2% year-over-year.
The company's Fire Services product line generated $19.3 million in sales, representing a significant increase from $5.6 million in the previous year. International sales comprised 66% of total revenues at $30.4 million. Net income decreased to $0.1 million ($0.01 per share) compared to $2.6 million ($0.34 per share) in Q3 FY2024.
Management reaffirmed FY2025 guidance expecting revenue of at least $165 million and Adjusted EBITDA excluding FX of at least $18 million.
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.