Lakeland Q2 net sales up 17.3% to $33.1M; net income $2.5M vs loss of $0.9M a year ago

LAKELAND INDUSTRIES INC

2024-Q2 EPS reported $0.50 revenue$61,771,000

Net sales of $33.1M (+17.3% YoY); gross margin expanded to 42.9% from 41.3%.
Net income of $2.5M ($0.32 diluted EPS) compared to net loss of $0.9M ($0.11 loss) last year.
Adjusted EBITDA of $4.2M vs $2.5M; margin 12.6% vs 9.0%.
Fire service product line surged 202% year-over-year, driving high-value strategic growth.
Eagle Technical Products acquisition contributed to strong organic growth in the quarter.

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