earnings
confidence high
sentiment positive
materiality 0.65
Lakeland posts $47.4M Q1 sales, net income turns positive; fire services up 11%
LAKELAND INDUSTRIES INC
- Net sales $47.4M (+1.4% YoY); net income $0.4M vs loss of $3.9M in Q1 last year.
- Fire services revenue grew 11% YoY; certified fire portfolio driving customer interest.
- Adjusted EBITDA ex. FX was $1.1M, up 79.6% from $0.6M in Q1 last year.
- Industrial business stabilizing; management expects stronger second half.