Lakeland Q4 net loss $1.0M; FY2025 rev guidance $140-150M; acquisitions after year-end

LAKELAND INDUSTRIES INC

Q4 net loss of $1.0M ($0.13/sh) vs net income $0.2M last year; gross margin 35.9% (44.6% excluding $2.7M inventory charge).
Full-year net sales $124.7M (+10.5% YoY); net income $5.4M ($0.72 diluted) vs $1.9M prior year.
FY2025 revenue expected $140-150M; management cites acquisitions of Jolly Boots and LHD fire/rescue for growth.
Adjusted EBITDA ex FX $3.4M in Q4 (11.0% margin) vs $1.9M last year; full-year $15.7M vs $10.7M.
Foreign exchange headwind from Argentine peso impacted EBITDA by $1.7M in Q4 and $3.7M for FY24.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LAKELAND INDUSTRIES INC reported fiscal 2024 fourth quarter ended January 31, 2024 results: revenue Net sales increased 7.7% to $31.2 million, net income Net income was a loss of ($1.0) million, EPS ($0.13) per basic and ($0.13) per diluted share.

Period: fiscal 2024 fourth quarter ended January 31, 2024
Revenue: Net sales increased 7.7% to $31.2 million
Net income: Net income was a loss of ($1.0) million
EPS: ($0.13) per basic and ($0.13) per diluted share
Result: reported results

Exact text from the filing

for its fiscal 2024 fourth quarter and full year ended January 31, 2024. Fiscal 2024 Fourth Quarter Financial Results Highlights and Recent Developments · Net sales increased 7.7% to $31.2 million compared to $29 million last year · Gross margin was 35.9% compared to 37.5% last year · The Company took a one-time charge of $2.7 million for excess and

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LAKELAND INDUSTRIES INC reported fiscal 2024 full year ended January 31, 2024 results: revenue Net sales increased 10.5% to $124.7 million, net income Net income was $5.4 million, EPS $0.74 per basic and $0.72 per diluted share.

Period: fiscal 2024 full year ended January 31, 2024
Revenue: Net sales increased 10.5% to $124.7 million
Net income: Net income was $5.4 million
EPS: $0.74 per basic and $0.72 per diluted share
Result: reported results

Exact text from the filing

PRESS RELEASE lake_ex991.htm EXHIBIT 99.1 Lakeland Industries, Inc. Reports Fiscal 202 4 Fourth Quarter Financial and Full Year Financial Results Fiscal 2024 net sales of $124.7 million and gross margin of 41.1% Fire Services further supported by announced acquisitions of Jolly Boots and the LHD Group fire and rescue business after year-end. FY 25 Revenue

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LAKELAND INDUSTRIES INC reported fiscal year 2025 results: revenue FY 25 Revenue expected to be in the range of $140 million to $150 million. Guidance raised.

Period: fiscal year 2025
Revenue: FY 25 Revenue expected to be in the range of $140 million to $150 million
Guidance: raised
Result: guidance update

Exact text from the filing

FY 25 Revenue expected to be in the range of $140 million to $150 million

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Source: SEC EDGAR

accession 0001654954-24-004467

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