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Lakeland Industries, Inc. (NASDAQ:LAKE) Surpasses Earnings Expectations
Financial Modeling Prepยท 2025-09-10 03:00
Core Insights - Lakeland Industries, Inc. specializes in manufacturing and selling protective clothing for industrial and public safety markets, with significant sales in the U.S. and Europe [1] - The company reported earnings per share of $0.08, surpassing the estimated loss of $0.04, despite revenue of approximately $52.5 million being below the estimated $59.6 million [2][4] - A notable 36% increase in net sales was driven by a 113% rise in fire services product sales, which now account for 49% of total revenue [2][4] - U.S. net sales surged by 78% to $22.1 million, while European sales rose by 113% to $15.1 million [2] - The company's gross margin improved by 240 basis points to 35.9%, supported by lower operating expenses [3][4] - Lakeland reported a positive net income of $0.8 million and an adjusted EBITDA of $5.1 million, excluding foreign exchange impacts [3] - The company updated its fiscal year 2026 revenue and adjusted EBITDA guidance due to global tariff uncertainties [3] - The price-to-sales ratio is 0.77, indicating the stock is valued at less than one times its sales [3] - Lakeland maintains a low debt-to-equity ratio of 0.28 and a strong current ratio of 3.88, reflecting good short-term financial health [3]