Company Overview - Lakeland Industries, Inc. is a leading global manufacturer of protective clothing and apparel for industry, healthcare, and first responders [1] - The company has a comprehensive line of fire services and industrial protective clothing and accessories, sold globally through various distribution channels [6][7] Recent Developments - Lakeland has been added to the Russell 3000 Index and Russell 2000 Index effective after the U.S. market close on June 27, 2025, as part of FTSE Russell's annual reconstitution [1][2] - The company reported a sales revenue growth of 29%, driven by a 100% increase in Fire Services revenue [2] Strategic Initiatives - Lakeland has completed four acquisitions in the past twelve months and is actively pursuing further M&A opportunities, particularly in the fire suit rental, decontamination, and services sectors [2] - The company aims to consolidate the fragmented fire market and expand its global product offerings and customer base [2] Market Context - The Russell indexes are widely utilized by investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against them as of June 2024 [3] - FTSE Russell, the global index provider, calculates thousands of indexes covering 98% of the investable market globally, with about $18.1 trillion benchmarked to its indexes [4]

Company Overview - Lakeland Industries, Inc. is a leading global manufacturer of protective clothing and apparel for various sectors including industry, healthcare, and first responders [4] - The company offers a comprehensive line of fire services and industrial protective clothing and accessories, sold globally through in-house sales teams and authorized independent sales representatives [4] - Lakeland serves a diverse range of end users including integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, and governmental agencies [4] Upcoming Event - Jim Jenkins, CEO, and Roger Shannon, CFO, will attend the 15th Annual ROTH London Conference from June 24-26, 2025 [1][3] - The event will feature one-on-one and small group meetings with institutional investors [2][3] - The conference will take place at the Four Seasons Hotel London at Park Lane [3]

Financial Data and Key Metrics Changes - The company achieved record net sales of $46.7 million, representing a 29% year-over-year increase driven by a 100% increase in fire services products [4][14] - Consolidated gross margin decreased to 33.5% from 44.6% for the comparable period [15][18] - Net loss was $3.9 million or $0.41 per share compared to net income of $1.7 million or $0.22 per share for the same period last year [16][20] - Adjusted EBITDA excluding FX was $600,000, a decrease of $3.2 million or 84% compared to the prior year [20][24] Business Line Data and Key Metrics Changes - Fire services segment grew by 100% year-over-year, contributing $10.5 million to the revenue increase [16][26] - Organic revenue increased by $600,000 or 2% to $36.9 million, with strong growth in the U.S. and Europe, partially offset by declines in Latin America and Canada [17][26] - U.S. net sales increased 42% year-over-year to $22.5 million, while European sales increased 102% to $12.1 million [5][26] Market Data and Key Metrics Changes - Organic fire services business in the U.S. grew by $1 million or 32% year-over-year, while the U.S. industrial organic business grew by $1.1 million or 9.7% [17] - Latin American operations saw a 12% decrease in sales year-over-year, while sales in Asia increased by 15% [25][68] Company Strategy and Development Direction - The company is focused on accelerating growth within the fragmented $2 billion fire protection sector and enhancing operational efficiencies [4][12] - A new company-wide SAP ERP system is being implemented to modernize and consolidate systems [7] - The company maintains a robust M&A pipeline and is engaged in active discussions to explore new opportunities for further consolidating the fire market [12][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating tariff uncertainties and expects sequential growth in gross margins and adjusted EBITDA in the second quarter [12][30] - The company anticipates revenue between $210 million to $220 million for the fiscal year, trending towards the lower end of previously issued adjusted EBITDA guidance [30][33] - Management highlighted the importance of customer relationships and operational efficiency as key focus areas [8][32] Other Important Information - Capital expenditures for the quarter were $1.2 million, primarily related to the new ERP system [6][28] - Inventory increased to $85.8 million due to tariff mitigation strategies and preparation for forecasted sales increases [8][29] Q&A Session Summary Question: Can you provide more details on the impact of purchase variance and amortization on gross margins? - The total increase to manufacturing costs was close to $3 million impacting adjusted EBITDA, with purchase variance estimated to have a 2-3 margin point impact [40][41] Question: What are the expectations for operating expenses moving forward? - Travel expenses were up significantly in Q1 but are expected to taper off, with additional measures in place to identify $4 million in cost savings [46][52] Question: How is the head-to-toe strategy progressing? - The company is seeing greater engagement and opportunities, particularly with larger clients, and is focused on bundling products for comprehensive offerings [55][60]

Place An Image Here Protect Your People® 1 Fiscal First Quarter 2026 Financial Results Conference Call June 9, 2025 NASDAQ: LAKE Safe Harbor & Non-GAAP Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation contains estimates, predictions, opinions, goals and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's pred ...

Q1’26 Net Sales Increased 29% to a Record $46.7 Million Led by a 100% Increase in Fire Services Products, Representing 45% of Total Revenue U.S. Net Sales Increased 42% to $22.5 Million & Europe Net Sales Increased 102% to $12.1 Million Q1’26 Represented Full Impact of Tariff Uncertainty & Associated Mitigation Strategies to Build Inventory Improving Global Tariff Environment & Reduction in Mitigation Strategies Positions Company for Sequential Growth in Gross Margin and Adjusted EBITDA Excluding FX in Q2’ ...

HUNTSVILLE, Ala., May 22, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. (“Lakeland Fire + Safety” or “Lakeland”) (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, today announced that Jim Jenkins, CEO, President and Executive Chairman, and Roger Shannon, Chief Financial Officer, will attend the 6th Annual CEO Networking Event hosted by Semco Capital in Chicago on Monday, June 2, 2025 from 1:00-9:00 p.m. CT. Mr. Jenkins and Mr ...

HUNTSVILLE, Ala., May 01, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. (“Lakeland Fire + Safety” or “Lakeland”) (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, today announced that its Board of Directors declared a cash dividend for its fiscal second quarter of 2026 of $0.03 per share. The dividend will be paid on May 22, 2025, to stockholders of record as of May 15, 2025. About Lakeland Fire + Safety Lakeland Fire + Safet ...