Lakeland Industries Eyes Turnaround: Analyst Highlights Comprehensive Fire Gear Portfolio
DA Davidson analyst Michael Shlisky initiated coverage on Lakeland Industries Inc. LAKE on Wednesday, with a price target of $28.
Lakeland Fire + Safety Completes Acquisition of Veridian
Strategic Acquisition Expands Lakeland's Global Fire Services Portfolio with Veridian's Leading Firefighter Protective Apparel Offering Additional Annual Revenue of Approximately $21 Million Further Builds Upon Lakeland's 245% Third Quarter Year-over-Year Growth in Fire Services Products HUNTSVILLE, AL / ACCESSWIRE / December 16, 2024 / Lakeland Fire + Safety (NASDAQ:LAKE), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, announced today the successful completion of its acquisition of U.S.-based Veridian in an all-cash transaction valued at approximately $25 million subject to post-closing adjustments and customary holdback provisions. The acquisition was financed under Lakeland's revolving credit facility with Bank of America.
Lakeland Industries' Q3 Earnings Miss Estimates, Revenues Rise Y/Y
LAKE's fiscal third-quarter 2025 revenues increase 44.5% year over year, supported by strength across its international operations.
Lakeland Industries Inc. (LAKE) Q3 2025 Earnings Call Transcript
Lakeland Industries Inc. (NASDAQ:LAKE ) Q3 2025 Earnings Conference Call December 5, 2024 4:30 PM ET Company Participants Jim Jenkins - President, Chief Executive Officer and Executive Chairman Roger Shannon - Chief Financial Officer and Secretary Conference Call Participants Gerry Sweeney - ROTH Capital Matthew Galinko - Maxim Operator Good day, and welcome to the Lakeland Industries' Fiscal 2025 Third Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode and the floor will be open for your questions and comments following the presentation.
Lakeland Industries (LAKE) Lags Q3 Earnings Estimates
Lakeland Industries (LAKE) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.34 per share a year ago.
Lakeland Industries Reports Fiscal Year 2025 Third Quarter Financial Results
Net Sales Increased 45% to a Record $45.8 Million Led by a 245% Increase in Fire Services Products Gross Profit Increased 39% to $18.6 Million Due to Strong Organic Revenue Growth and Organic Margin Improvement Reiterates Expectations for FY 2025 Revenue of at Least $165 Million and Adjusted EBITDA Excluding FX of at Least $18 million Management to Host Conference Call Today at 4:30 p.m. Eastern Time HUNTSVILLE, AL / ACCESSWIRE / December 5, 2024 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders on the federal, state and local levels, has reported its financial and operational results for its fiscal 2025 third quarter ended October 31, 2024.
Lakeland Industries Still Has Upside Potential
Lakeland Industries saw a ~70% increase from $15.22 to $26.10 within a year, now trading at $22.64, based on revenue growth and operational efficiency. The company manufactures and sells safety garments for industrial markets in North America, China, India, and Brazil. The investment thesis hinges on LAKE's addressable market, revenue growth, and operational efficiency.
Lakeland Industries to Attend Upcoming Investor Conferences in December
HUNTSVILLE, AL / ACCESSWIRE / December 3, 2024 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders on the federal, state and local levels, today announced that management will attend the Benchmark 13thAnnual Discovery One-on-One Conference and the 13th Annual ROTH Deer Valley Event in December 2024. Lakeland President, Chief Executive Officer and Executive Chairman Jim Jenkins and Chief Operating Officer Helena An will attend the Benchmark 13th Annual Discovery One-on-One Conference on December 11, and Chief Financial Officer Roger Shannon will attend the 13th Annual ROTH Deer Valley Event December 11-14, where they are scheduled to host one-on-one meetings with institutional investors at each event.
Lakeland Industries: Maintaining A Neutral Assessment As Earnings Near
Lakeland Industries, Inc. has shown revenue growth due to acquisitions but struggles with profitability, leading to a cautious “hold” rating. Despite a global reach and niche market, the company faces challenges like higher costs and declining net income. Management's optimistic 2025 fiscal year projections could justify an upgrade if achieved, but past performance raises doubts.
Lakeland Industries Declares Cash Dividend for Fourth Quarter 2025
HUNTSVILLE, AL / ACCESSWIRE / November 1, 2024 / 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 its Board of Directors declared a cash dividend for its fiscal fourth quarter of 2025 of $0.03 per share. The dividend will be paid on November 22, 2024, to stockholders of record as of November 15, 2024.
Lakeland Industries Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communications Program
HUNTSVILLE, AL / ACCESSWIRE / October 16, 2024 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders on the federal, state and local levels, has engaged international investor relations specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets. MZ Group will work closely with Lakeland management to develop and implement a comprehensive capital markets strategy designed to increase the Company's visibility throughout the investment community.
Lakeland May Improve, But Stock Remains Overpriced After 2Q Earnings
Lakeland posted negative 2Q25 results with organic sales decline and increased SG&A, leading to operational losses and a 20% stock price drop. Despite acquisition-driven revenue growth, organic sales fell due to distributor transition and shipment delays, with gross margins contracting and SG&A rising 60% YoY. Management maintained guidance, citing transitory issues, but the company now has net debt and faces challenges in proving sustainable organic growth and margin improvement.
