The earnings call presented a strong growth narrative with significant gains in the Fire Services segment and international expansion. While there were challenges related to decreased gross margins and increased operating expenses, the reaffirmation of fiscal year guidance and strong sales performance highlight a positive outlook.

Company Guidance

In the recent earnings call for Lakeland Industries (LAKE), the company provided guidance for fiscal year 2025, indicating strong financial performance and strategic growth initiatives. Lakeland reaffirmed its expectation for fiscal year 2025 revenue to reach at least $165 million, supported by a robust sales pipeline and recent acquisitions, including Jolly Boots, Pacific Helmets, and LHD Group. The company also maintained its guidance for adjusted EBITDA, excluding FX, to be at least $18 million. Lakeland reported a significant year-over-year increase in its Fire Services segment, with net sales rising 245% to $45.8 million in the third quarter. The company achieved a 28% anticipated year-over-year top-line growth, with organic revenue comprising 75% of total sales and international sales accounting for 66% of the total. The management emphasized its strategic focus on expanding market opportunities in Fire Services and industrial safety products, leveraging a strong balance sheet and expanding free cash flow growth.

Significant Growth in Fire Services Segment

Fire Services segment saw a sequential increase of 61% and a 245% year-over-year increase, contributing significantly to overall sales growth.

Strong Overall Sales Performance

Net sales in the third quarter increased by 45% to $45.8 million, driven by strong growth in both organic and acquired business segments.

International Sales Expansion

International sales accounted for 66% of total revenues, with notable growth in Europe, Asia, and Latin America.

Organic Revenue Growth

Organic revenue increased by 7.3% to $34 million, demonstrating effective focus on efficiencies and strategic growth initiatives.

Reaffirmed Fiscal Year Guidance

Guidance for fiscal year 2025 revenue of at least $165 million and adjusted EBITDA of at least $18 million was reaffirmed, indicating confidence in future performance.

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Lakeland Industries (LAKE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LAKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 10, 2025	2025 (Q4)	0.53 / -	-0.13	―	―	―
Dec 05, 2024	2025 (Q3)	0.18 / 0.07	0.34	-79.71% (-0.27)
Sep 04, 2024	2025 (Q2)	0.35 / -0.13	0.33	-140.00% (-0.46)
Jun 04, 2024	2025 (Q1)	0.31 / 0.25	0.18	36.67% (+0.07)
Apr 11, 2024	2024 (Q4)	0.30 / -0.13	0.02	-750.00% (-0.15)	―
Dec 06, 2023	2024 (Q3)	0.27 / 0.34	0.19	78.95% (+0.15)
Sep 06, 2023	2024 (Q2)	0.23 / 0.33	0.14	135.71% (+0.19)
Jun 07, 2023	2024 (Q1)	0.13 / 0.18	0.14	28.57% (+0.04)
Apr 13, 2023	2023 (Q4)	0.22 / 0.02	0.06	-66.67% (-0.04)	―
Dec 08, 2022	2023 (Q3)	0.29 / 0.19	0.35	-45.71% (-0.16)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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LAKE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 05, 2024	$22.60	$22.96	+1.59%
Sep 04, 2024	$23.74	$23.74	0.00%
Jun 04, 2024	$18.80	$20.52	+9.15%
Apr 11, 2024	$17.59	$16.72	-4.95%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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