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Lakeland Industries Eyes Turnaround: Analyst Highlights Comprehensive Fire Gear Portfolio
LAKELakeland(LAKE) Benzinga·2025-03-26 18:59

Core Viewpoint - DA Davidson analyst Michael Shlisky initiated coverage on Lakeland Industries Inc. with a price target of 28,highlightingthecompany′ssignificantgrowthpotentialinpersonalprotectionandsafetygearforhazardousenvironments[1][2].Group1:CompanyStrategyandGrowth−LakelandisfocusingonexpandingitsFiresegmentbydevelopingacomprehensiveglobalproductportfolio,includingservices[2].−ThecompanyisundergoingaturnaroundundernewCEOleadership,shiftingfromafocusondisposablestoastrategyaimedatbecomingaone−stopshopforfiredepartments[3].−Lakelandhasacquiredsmallerregionalbrands,suchasJollyBootandVeridian,toleverageacombinedglobalplatformforafullrangeofproducts[4].Group2:FinancialProjections−TheanalystprojectsLakelandtoreportFY25revenuesof28, highlighting the company's significant growth potential in personal protection and safety gear for hazardous environments [1][2]. Group 1: Company Strategy and Growth - Lakeland is focusing on expanding its Fire segment by developing a comprehensive global product portfolio, including services [2]. - The company is undergoing a turnaround under new CEO leadership, shifting from a focus on disposables to a strategy aimed at becoming a one-stop shop for fire departments [3]. - Lakeland has acquired smaller regional brands, such as Jolly Boot and Veridian, to leverage a combined global platform for a full range of products [4]. Group 2: Financial Projections - The analyst projects Lakeland to report FY25 revenues of 36.3 million, indicating expectations for higher-margin, recurring service revenues, including decontamination services [4].