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. (NASDAQ: LAKE), also known as Lakeland Fire + Safety, generates news focused on protective clothing and services for industrial users, healthcare customers and first responders. As a global manufacturer of fire services and industrial protective clothing and accessories, and a provider of decontamination, inspection, repair and rental services for firefighter PPE, the company regularly reports on developments that are relevant to safety professionals and investors alike.
News about LAKE often covers financial and operational results, including quarterly earnings updates where management discusses net sales, gross margin trends, regional performance and the contribution of fire services products. These releases may highlight growth in specific geographies such as the United States, Europe, Asia and Latin America, as well as the impact of acquisitions and service expansion on revenue mix.
Lakeland also issues announcements on strategic contracts and tenders. Recent examples include a multi‑year contract through Lakeland LHD to provide advanced decontamination, managed care and maintenance services for the Hong Kong Fire Services Department’s firefighter protective gear, and orders from the Fire and Rescue Department of Malaysia for firefighter personal protective equipment. The company has also reported on a fire equipment tender awarded by Argentina’s National Civil Aviation Administration, involving products across brands such as Eagle, Veridian, Pacific and Lakeland proximity suits.
Product and certification milestones are another recurring theme in LAKE news. The company has highlighted the NFPA 1970:2025 certification of its Lakeland Ultimate Glow+ Leather Firefighting Gloves‑NFPA 321 Series, describing it as the first NFPA 1970:2025 certificated product in its portfolio. In addition, Lakeland reports on acquisitions and facility expansions, such as the purchases of Arizona PPE and California PPE and the expansion of California PPE’s facility in Fresno, California, which support its PPE decontamination, inspection, repair and rental services.
Investors and industry participants following LAKE news can expect updates on dividends declared by the Board of Directors, conference call schedules for earnings discussions and commentary on market conditions affecting industrial and fire services demand. This news feed aggregates these company‑specific developments so readers can review financial disclosures, contract awards, product certifications and service platform updates related to Lakeland Industries, Inc.
Lakeland Industries reported robust financial results for Q1 FY2025, with net sales of $36.3 million, a 27% increase year-over-year. The company saw a notable 92% growth in its fire services business. Organic revenue rose to $32.4 million, up 13%. Gross margin improved to 44.6% from 43.4%. Net income reached $1.7 million, or $0.22 per share, compared to $1.3 million, or $0.18 per share, last year. Adjusted EBITDA increased by 40% to $3.9 million. The company also highlighted the successful acquisitions of Pacific Helmets and Jolly Scarpe, contributing $3.9 million in revenue. Management noted strong growth in North and South America but acknowledged softer performance in Asia.
Lakeland Industries (NASDAQ:LAKE), a global leader in protective clothing for various sectors, announced it will release its fiscal 2025 Q1 financial results on June 4, 2024, after market close.
A conference call, hosted by CEO Jim Jenkins and CFO Roger Shannon, is scheduled for June 5, 2024, at 12:00 p.m. ET, available via live webcast and phone.
The webcast can be accessed on Lakeland's Investor Relations page, while phone participants can dial in with the provided numbers and passcode.
An audio replay will be available until June 12, 2024, with details provided on how to access it.
Lakeland Industries (NASDAQ:LAKE) has appointed James M. Jenkins as its new President and CEO, effective June 1, 2024. Jenkins, who has been with Lakeland in various roles since 2016, including Executive Chairman and Acting CEO, is recognized for his leadership abilities and strategic vision. Prior to this, he significantly increased shareholder returns and revenue at Transcat. The company is focused on leveraging its competitive advantages to drive sustainable growth and profitability, particularly in high-value markets.
Lakeland Industries, a global manufacturer of protective clothing, declared a cash dividend of $0.03 per share for its fiscal second quarter of 2025. The dividend will be paid on May 22, 2024, to stockholders of record as of May 15, 2024.
Lakeland Industries, Inc. (NASDAQ:LAKE) has announced a strategic partnership with LineDrive, a key player in outsourced sales & marketing, to improve the sales and distribution of Lakeland's protective clothing and PPE solutions across North America. The collaboration aims to enhance distribution partnerships, extend product reach, and revolutionize the marketing and distribution of safety equipment. The partnership is set to bring lasting growth and excellence in the industrial sector.
Lakeland Industries, a global manufacturer of protective clothing, will participate in the Planet MicroCap Showcase: VEGAS 2024 Conference. The company's top executives will meet with investors to discuss its industry presence and financial outlook.
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