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 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.
Lakeland Industries (NASDAQ: LAKE) has completed the acquisition of LHD Group Deutschland GmbH's fire and rescue business, along with its subsidiaries in Hong Kong and Australia, for approximately $16.3 million.
LHD generates around $27 million in annual revenue and has 111 employees globally.
The acquisition enhances Lakeland's presence in the global fire services market, expanding its reach in Germany, Australia, and Asia.
LHD's product range, including firefighter turnout gear and protective equipment, complements Lakeland's offerings.
The acquisition introduces new revenue streams through LHD's protective clothing maintenance services and retains LHD's skilled workforce.
Lakeland expects the acquisition to immediately contribute to its revenue growth and market expansion.
Lakeland Industries (NASDAQ:LAKE) announced new appointments to its executive leadership team to drive global growth. Barry Phillips joins as Senior Vice President of Global Sales, with over 37 years of experience in sales leadership across safety-focused industries. Cameron Stokes assumes the new role of Vice President of Global Industrial Sales, bringing expertise in industrial safety products and market dynamics. These strategic hires, reporting to CEO Jim Jenkins and Phillips respectively, aim to enhance Lakeland's market share, optimize global sales operations, and foster sustainable growth.
Lakeland Industries (NASDAQ: LAKE), a global manufacturer of protective clothing, has released its financial results for fiscal 2025's first quarter, ending April 30, 2024. The company will host a conference call and live webcast on June 5, 2024, at 12:00 p.m. EDT to discuss these results. The webcast is listen-only, and an audio replay will be available until June 12, 2024. For further details, interested parties can visit Lakeland's Investor Relations website.
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.