LAKE Kindles 17% Rally With Strong Results And Outlook As Acquisitions Shine [Forbes]
Lakeland Industries, Inc. (LAKE)
Last lakeland industries, inc. earnings: 9/9 04:01 pm
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lakeland.com/financial_information/?___store=lakeland
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Source: Forbes
Favorable results for the first quarter of fiscal 2025 (which ended April 30) reported on June 4 have shares of Lakeland Industries (LAKE) trading 17% higher since. Sales for the period of $36.3 million were up 27% from the prior year and exceeded analysts' expectations by $3.8 million. This was driven by $3.9 million of combined contributions from its recent acquisitions of Pacific Helmets and Jolly Scarpe and strong growth of 13% from existing operations thanks to healthy demand for its high-value fire-fighters gear, critical environment products, limited use/disposable protective garments and chemical protective suits. Moreover, an apparent profit miss was entirely caused by $1.2 million of one-time, non-cash expenses, mostly related to the acquisitions. Earnings per share were up just 22% to 22 cents, but backing out the charges I estimate LAKE would have enjoyed a near doubling in profitability to over 33 cents per share thanks to a favorable shift in sales toward higher-margi
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LAKE
News
- Lakeland Industries Announces Key Sales Leadership Appointments to Drive Global Growth [Yahoo! Finance]Yahoo! Finance
- Lakeland Industries Announces Key Sales Leadership Appointments to Drive Global GrowthAccesswire
- Should Value Investors Buy Lakeland Industries (LAKE) Stock? [Yahoo! Finance]Yahoo! Finance
- Recent Price Trend in Lakeland Industries (LAKE) is Your Friend, Here's Why [Yahoo! Finance]Yahoo! Finance
- Lakeland Industries, Inc. (NASDAQ:LAKE) Q1 2025 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
LAKE
Earnings
- 6/4/24 - Miss
LAKE
Sec Filings
- 6/21/24 - Form S-8
- 6/20/24 - Form 4
- 6/18/24 - Form 3
- LAKE's page on the SEC website