Latest news with #LAKE
Yahoo
13 hours ago
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Lakeland Industries Inc (LAKE) Q1 2026 Earnings Call Highlights: Record Sales Amid Margin Pressures
Net Sales: $46.7 million, a 29% year-over-year increase. US Net Sales: Increased 42% year-over-year to $22.5 million. Europe Net Sales: Increased 102% year-over-year to $12.1 million. Gross Margin: Decreased to 33.5% from 44.6% year-over-year. Adjusted EBITDA (excluding FX): $0.6 million, a decrease of $3.2 million from the previous year. Operating Expenses: Increased by $6.3 million or 45% to $20.3 million. Net Loss: $3.9 million or $0.41 per share, compared to net income of $1.7 million or $0.22 per share in the previous year. Cash and Cash Equivalents: $18.6 million as of April 30, 2025. Inventory: Increased by $3.1 million to $85.8 million. Capital Expenditures: $1.2 million, primarily for ERP system investment. Fire Services Revenue Growth: 100% year-over-year increase. Organic Revenue Growth: $600,000 or 2% increase to $36.9 million. Long-term Debt: $24.7 million as of April 30, 2025. Warning! GuruFocus has detected 4 Warning Signs with LAKE. Release Date: June 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lakeland Industries Inc (NASDAQ:LAKE) achieved record net sales of $46.7 million, representing a 29% year-over-year increase. The company saw a 100% increase in fire services products, driven by recent acquisitions. Net sales in the US increased by 42% year-over-year, with organic US growth of 15%. European net sales increased by 102% year-over-year, indicating strong international growth. The company is implementing a new SAP ERP system to enhance and modernize operations, which is expected to support future growth and profitability. Gross profit as a percentage of net sales decreased to 33.5% from 44.6% year-over-year, due to lower margins from recent acquisitions and geographic revenue mix. Adjusted EBITDA, excluding FX, decreased by $3.2 million compared to the previous year, primarily due to higher manufacturing and freight costs. Operating expenses increased by 45% year-over-year, driven by acquisition expenses and higher organic operating costs. Net loss for the quarter was $3.9 million, compared to a net income of $1.7 million in the previous year. Tariff uncertainties caused regional sales delays, particularly in Canada and Latin America, impacting higher margin geographies. Q: Could you provide more details on the headwinds affecting gross margins this quarter and when we might see improvements? A: Roger Shannon, CFO, explained that the total increase in manufacturing costs impacted adjusted EBITDA by close to $3 million. A significant part of this relates to purchase variances flowing through COGS instead of being capitalized into inventory. This issue should reverse in Q2 and Q3 as inventory is sold through. The purchase accounting impact was about a 1% hit to gross margins, with about eight months left on Meridian and halfway through LHD. The cost variance impact was estimated at two to three margin points. Q: What factors contributed to the higher operating expenses, and are there any one-time costs we should be aware of? A: Roger Shannon noted that travel expenses were significantly up due to executive team visits to acquisition sites and the FDIC fire show. These are expected to decrease. SG&A labor costs increased year over year, and outbound freight costs were higher due to inventory movements related to tariff strategies. The company has identified $4 million in potential cost savings, focusing on SG&A discipline, optimizing procurement, and consolidating acquired companies. Q: Can you provide more insight into the growth opportunities in the fire services segment, particularly regarding the head-to-toe strategy? A: James Jenkins, CEO, highlighted increased engagement with customers and opportunities with larger clients, driven by the Meridian acquisition's glove strategy. The company is seeing growth opportunities globally, including a recent deal with the Korean fire department. The head-to-toe strategy involves offering a full range of products, such as helmets, turnout gear, boots, and gloves, to enhance customer engagement and sales. Q: What is the current status of the jolly order with the Italian government, and how does it impact your revenue expectations? A: James Jenkins stated that he will meet with the Italian government to discuss the timing of the jolly order delivery. The delay is due to internal changes within the Italian Ministry of Interior's procurement division. The company remains optimistic about the order, which is an important component of their revenue forecast. Q: How do you view your current inventory levels, and are there plans for further inventory build-up for tariff mitigation? A: Roger Shannon expressed confidence in the current inventory levels, noting that they are well-positioned for inventory from China and Vietnam. The company expects the tariff environment to improve, potentially settling at around a 10% level for Vietnam. They aim to work down inventory levels, particularly in the clean room capacity, which has been shifted from China to Vietnam. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
10-04-2025
- Business
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Lakeland Industries Inc (LAKE) Q4 2025 Earnings Call Highlights: Revenue Surge Amid Strategic ...
Revenue: Q4 revenue increased by $15.4 million or 49.3% to $46.6 million; full-year revenue rose by $42.5 million or 34.1% to $167.2 million. Gross Margin: Q4 gross margin increased to 40.1% from 35.9% in the previous year; full-year gross margin remained at 41.1%. Net Loss: Q4 net loss was $18.4 million or negative $2.42 per diluted share; full-year net loss was $18.1 million or negative $2.43 per diluted share. Operating Expenses: Q4 operating expenses increased by $4.3 million or 29.7% to $18.8 million; full-year operating expenses rose by $22.2 million or 49.1% to $67.4 million. Adjusted EBITDA: Q4 adjusted EBITDA, excluding FX, was $6.1 million; full-year adjusted EBITDA was $17.4 million, a 10% increase from the previous year. Cash and Cash Equivalents: $17.5 million as of January 31, 2025, down from $25.2 million the previous year. Inventory: Increased by $14.2 million to $82.7 million as of January 31, 2025. Fire Services Revenue: Increased by $36.5 million or 137.7% year-over-year. International Sales: Accounted for 64% of total revenues for the fiscal year 2025. Warning! GuruFocus has detected 4 Warning Signs with LAKE. Release Date: April 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lakeland Industries Inc (NASDAQ:LAKE) reported a significant revenue growth of 49.3% in the fourth quarter of fiscal 2025 compared to the same period in fiscal 2024. The company completed four strategic acquisitions over the past 1.5 years, enhancing its competitive advantage in the global fire turnout gear and industrial PPE markets. Lakeland Industries Inc (NASDAQ:LAKE) successfully closed an oversubscribed $46 million public equity offering, which improved its balance sheet and is expected to save approximately $2.5 million annually in cash interest. The company has implemented a company-wide Lean Six Sigma project to enhance operational efficiency and is modernizing its ERP systems to consolidate its IT control environment. Lakeland Industries Inc (NASDAQ:LAKE) has a strong global presence, operating from 18 locations in 14 countries, with sales representatives in 23 countries outside the US and product sales in more than 50 countries. Lakeland Industries Inc (NASDAQ:LAKE) reported a net loss of $18.4 million for the fourth quarter of fiscal 2025, primarily due to a $10.5 million goodwill impairment and a $7.6 million write-off of its investment in Bodytrak. Operating expenses increased significantly by 29.7% in the fourth quarter of fiscal 2025 due to inorganic growth, acquisition expenses, and increased SG&A operating expenses. The company faced challenges with tariff pressures and broader economic uncertainties, which could impact its operations and profitability. Lakeland Industries Inc (NASDAQ:LAKE) experienced a decrease in cash and cash equivalents from $25.2 million in January 2024 to $17.5 million in January 2025, reflecting the impact of its acquisition strategy. The company is dealing with a backlog in orders, particularly with a large boot order from Jolly, which was delayed and impacted its financial performance. Q: Can you provide more details on the guidance given the recent tariff developments? A: James Jenkins, Executive Chairman and CEO, stated that the guidance remains unchanged despite recent events. The company is prepared for potential tariff increases and has mitigation strategies in place. However, if tariffs increase significantly, revenue might rise, but margins could be affected. Q: What are the plans for Bodytrak following its insolvency? A: James Jenkins explained that Lakeland has acquired Bodytrak's assets and plans to monetize them through strategic sales and potential patent enforcement. The company aims to leverage its financial strength and relationships to reposition Bodytrak's offerings. Q: How is Lakeland addressing the challenges posed by tariffs, particularly in manufacturing? A: James Jenkins mentioned that Lakeland is exploring options such as shifting production to Mexico, which could be tariff-free under USMCA. The company is also considering India as an alternative manufacturing location if tariffs on Vietnam increase significantly. Q: Can you elaborate on the operational optimization programs, particularly regarding Pacific Helmets? A: James Jenkins noted that the Lean Six Sigma program will be implemented company-wide to improve efficiencies. The focus is on aligning business processes with ERP systems to enhance operational performance across all acquisitions. Q: What is the status of the Jolly boot order, and how does it impact financials? A: Roger Shannon, CFO, confirmed that the EUR3 million Jolly boot order is ready to ship, pending customer inspections. The delay affected Q4 results, but the order is expected to be fulfilled in the first half of fiscal 2026, aligning with revenue projections. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
09-04-2025
- Business
- Yahoo
Lakeland Industries: Fiscal Q4 Earnings Snapshot
HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — Lakeland Industries Inc. (LAKE) on Wednesday reported a loss of $18.4 million in its fiscal fourth quarter. On a per-share basis, the Huntsville, Alabama-based company said it had a loss of $2.42. Losses, adjusted for asset impairment costs, were 54 cents per share. The safety garments manufacturer posted revenue of $46.6 million in the period. For the year, the company reported a loss of $18.1 million, or $2.43 per share. Revenue was reported as $167.2 million. Lakeland Industries expects full-year revenue in the range of $210 million to $220 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LAKE at Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Lakeland Industries, Inc. (LAKE): Among Stocks Insiders Were Buying In Q1 2025
We recently published a list of . In this article, we are going to take a look at where Lakeland Industries, Inc. (NASDAQ:LAKE) stands against other stocks insiders were buying in Q1 2025. About 30 minutes before the market closed Monday, the broader market index was up 0.3%, while the blue-chip companies gained 0.9%. Meanwhile, the Nasdaq Composite dropped 0.5%. Some stocks were recovering from Friday losses after inflation data came in higher than expected, coupled with weak consumer sentiment, which heightened concerns about the U.S. economy's stability, according to Investopedia. As investors react to daily market changes, ongoing uncertainty continues to affect the market. During such times, insider trading often garners attention, as executive purchases of company stock can signal optimism about the company's prospects. However, insider sales do not always indicate a lack of confidence—they may be influenced by personal financial reasons or a need for diversification. Executives often follow pre-arranged plans, like 10b5-1, to ensure transparency. While insider trading can offer valuable insights, it should be considered alongside a company's financial health, market conditions, and industry shifts. What are some of the stocks insiders have been buying the most in the first quarter of the year? To find out, we used Insider Monkey's insider trading stock screener, focusing only on stocks where at least five insiders had purchased shares in January, February, and March. From there, we ranked the 20 stocks with the highest number of insiders purchasing shares. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the average price per share of these purchases and the stock's market capitalization. A woman working on a sewing machine, producing a lab coat. Market Cap: $192.44 million Number of insiders buying: 7 Lakeland Industries is a global manufacturer of protective clothing for industries, healthcare, and first responders. The company provides a wide range of protective gear for sectors like automotive, construction, healthcare, and government agencies, including law enforcement and the Department of Defense. In December, Lakeland acquired Veridian, a firefighter apparel provider, in an all-cash deal valued at $25 million. In January, seven insiders, including the company's president and CEO, and CFO, purchased approximately $297,174 worth of Lakeland shares at an average price of $22.18 per share. Year-to-date, the stock is down 20.92%, trading at $20.20 per share. However, over the past 12 months, Lakeland shares returned 13.38% to its investors. In February, the company's board of directors declared a cash dividend for its fiscal first quarter of 2026 of $0.03 per share. Four analysts rate Lakeland stock as a 'Buy' with a price target of $28.25, reports MarketBeat. The average price target suggests a 39.47% upside from the latest price. Overall, LAKE ranks 17th on our list of stocks insiders were buying in Q1 2025. While we acknowledge the potential of LAKE our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LAKE but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-01-2025
- Business
- Yahoo
Lakeland Fire + Safety awarded contract EE 11-24 through HGAC program
Lakeland Industries (LAKE) announced it was awarded contract EE 11-24 through the Houston-Galveston Area Council, H-GAC, Board to allow local governments across the United States to access Lakeland's extensive portfolio of firefighter protective gear at competitive, volume-based pricing…Jim Jenkins, President, Chief Executive Officer and Executive Chairman of Lakeland, added, 'The HGACBuy Program award and nationwide customer base validates our continued investment in building a global fire brand. We are leveraging our leading market position in personal protective equipment and reputation for producing industry-leading equipment for firefighters, emergency responders and industrial workers in hazardous environments to accelerate growth globally. Our head-to-toe fire portfolio now includes a wide range of life-saving gear such as chemical protective clothing, high-performance Flame Resistant workwear, critical environments protective apparel, and more, all designed with the utmost attention to safety, durability, and performance. We look forward to serving the needs of HGACBuy Program customers as we continue to build long term value for our shareholders.' Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return. Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on LAKE: Lakeland Industries 1.82M share Spot Secondary priced at $22.00 Lakeland Industries announces common stock offering, no amount given Lakeland Industries Sees Record Sales Growth in Q3 2025 LAKE Earnings Report this Week: Is It a Buy, Ahead of Earnings? Sign in to access your portfolio
