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 (LAKE) delivers essential protective solutions for industrial and emergency response sectors worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments, product innovations, and market strategies.
Access curated press releases and analysis covering earnings reports, strategic acquisitions, safety certifications, and new product launches. Our repository simplifies tracking LAKE's expansion in chemical-resistant apparel, fire service gear, and technical textiles across global markets.
Discover updates on manufacturing advancements, distribution partnerships, and R&D initiatives that maintain Lakeland's position as an industrial safety leader. Content is organized for quick scanning while maintaining depth for fundamental analysis.
Bookmark this page for consolidated access to verified information about LAKE's operational milestones. Check regularly for updates reflecting the company's commitment to quality protective clothing solutions across healthcare, petrochemical, and government sectors.
Lakeland Industries has expanded its credit facility with Bank of America, increasing potential borrowings from $12.5 million to $25 million. As of April 30, 2021, the company holds $60.3 million in cash and has no debt. The amendment allows for $15 million to be allocated for acquisitions, supporting the company’s growth strategy. This enhanced financial position aims to facilitate both organic and inorganic growth initiatives, including a stock buyback program.
Lakeland Industries (NASDAQ: LAKE), a leader in protective clothing manufacturing, announces its participation in the Sidoti & Company Virtual Investor Conference on June 24, 2021. Management will include President and CEO Charles D. Roberson and CFO Allen E. Dillard. The conference runs from 9:00 a.m. to 5:00 p.m. ET, with Lakeland’s presentation scheduled for 10:45 a.m. ET. Interested investors can contact their Sidoti representative or reach out to Jordan Darrow for more information. Conference materials will be available on Lakeland's website.
Lakeland Industries (NASDAQ: LAKE) reported fiscal 2022 Q1 net sales of $34.1 million, down from $45.6 million in Q1 2021. While COVID-19 related sales contributed $4.4 million, traditional industrial demand is strengthening. Gross profit fell to $14.4 million, with a gross margin of 42.2%. Operating profit decreased to $6.2 million, and net income was $4.6 million, down from $8.6 million in the prior year. Cash reserves increased to $60.3 million, with no debt reported. The company is focusing on operational improvements and organic growth as pandemic-related demand declines.
Lakeland Industries, Inc. (NASDAQ:LAKE) is set to release its financial results for the fiscal 2022 first quarter, ended April 30, 2021, on June 9, 2021, after market close. A conference call will follow at 4:30 PM ET, hosted by President and CEO Charles D. Roberson and CFO Allen E. Dillard. Investors can access the call via specific domestic and international phone numbers provided. Lakeland manufactures protective clothing for various industries and governmental agencies, catering to a global distribution network covering over 50 countries.
Lakeland Industries (NASDAQ:LAKE) announced the appointment of Joshua Sletten as Vice President of Corporate Development, a newly created role aimed at enhancing the company's mergers and acquisitions strategy. Sletten, who has nearly a decade of experience in investment banking and corporate finance, will oversee the M&A process from opportunity identification to business integration. CEO Charles D. Roberson emphasized that this position is crucial for accelerating market expansion and overall growth, intending to leverage both organic and inorganic growth opportunities.
Lakeland Industries, Inc. (NASDAQ:LAKE) announced its participation in two virtual investor conferences happening in May 2021. The first event is the Oppenheimer 16th Annual Industrial Growth Conference on May 4, starting at 9:00 a.m. ET, with a presentation scheduled for 2:15 p.m. ET. The second is the G. Research Inaugural May Microcap Symposium on May 18, also from 9:00 a.m. ET, with a presentation at 10:00 a.m. ET. Management participants will include CEO Charles D. Roberson and CFO Allen E. Dillard. Presentation materials will be available on the Company's website before the conferences.
Lakeland Industries (NASDAQ:LAKE) reported a remarkable financial performance for fiscal 2021, achieving record revenues of $159 million, a 47% increase from 2020, driven significantly by COVID-19 related demand. Net income soared by 970% to $35.1 million, equating to $4.40 per share. The company’s cash position strengthened to $52.6 million with no debt, highlighting improved operational efficiencies. International sales grew by 70%, outpacing domestic growth of 26%. Gross margin improved to 49.8%, reflecting better pricing and production management.
Lakeland Industries (NASDAQ:LAKE) will release its fiscal 2021 fourth quarter financial results on April 15, 2021, after market close. A conference call will follow at 4:30 p.m. ET, hosted by President and CEO Charles D. Roberson and CFO Allen E. Dillard. Investors can join via specified domestic and international dialing options or access a replay until April 22, 2021. As a global manufacturer of protective clothing, Lakeland serves diverse sectors including healthcare, first responders, and various industries, selling to over 1,600 distributors across more than 50 countries.
DECATUR, AL / ACCESSWIRE / March 3, 2021: Lakeland Industries announces its participation in upcoming virtual investor conferences. Management will be at the D.A. Davidson 4th Annual Consumer Growth Virtual Conference on March 11, 2021, and the Roth Capital Virtual 33rd Annual Conference from March 15-27, 2021. The sessions include virtual 1x1 meetings and a fireside chat. Interested investors can access presentation materials on the company's Investor Relations website. Lakeland specializes in protective clothing for various industries and governmental agencies, selling to over 50 countries globally.
Lakeland Industries (NASDAQ:LAKE) has appointed Nikki Hamblin, an investment industry veteran, to its Board of Directors, expanding the board to seven members, five of whom are independent. This move aims to strengthen corporate governance and succession planning as the company seeks continued growth and market expansion. Hamblin's 20+ years of experience in financial planning, asset management, and M&A will bolster the board's effectiveness. Management believes her expertise will enhance Lakeland's position as a leading provider of industrial protective equipment.
