Lakeland Industries Announces Strong Financial Results for Q2-FY25

Highlights of Fiscal 2025 Second Quarter Financial Results

Net sales of $38.5 million, up $5.4 million, or 16.5%, year-over-year

Organic revenue excluding recent acquisitions, of $32.2 million, a decrease of $0.9 million, or 2.8%, year-over-year

Fire services business grew over 33.5% versus the same period last year

Gross margin of 39.6% and organic gross margin of 43.4%

Net loss of ($1.4 million) or ($0.19) per basic common share in Q2-FY25

Adjusted EBITDA excluding FX of $2.7 million in Q2-FY25

Recent acquisitions of LHD, Jolly, and Pacific Helmets contributed revenue of $1.5 million, $2.9 million and $1.9 million, respectively

Continued Growth and Innovation

Lakeland Industries continues to experience strong growth in high-value, strategic product lines, led by a 34% increase in Fire services. The company’s rebranding and launch of Lakeland Fire + Safety has further solidified its position in the industry.

Impact on Individuals

For individuals, the strong financial results of Lakeland Industries indicate stability and growth in the industry. This may lead to potential job opportunities and advancements for individuals working within the company or looking to enter the protective clothing and apparel sector.

Impact on the World

On a global scale, Lakeland Industries’ success highlights the importance of protective clothing and apparel in various sectors, including industry, healthcare, and first responders. This growth signals a greater emphasis on safety and protection in the world as a whole.

Conclusion

Lakeland Industries’ Q2-FY25 financial results showcase the company’s continued growth and innovation in the protective clothing and apparel industry. With a focus on strategic product lines and acquisitions, Lakeland is positioned for further success in the global market.