Lakeland industries, inc. reports fiscal 2025 first quarter financial results

Net sales of $36.3 million and gross margin of 44.6% continued strong growth in high-value, strategic product lines, led by 92% increase in fire raising fy25 revenue and adjusted ebitda guidance huntsville, al / accesswire / june 4, 2024 / lakeland industries, inc. (nasdaq:lake) (the "company" or "lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, today announced financial results for its fiscal 2025 first quarter ended april 30, 2024. fiscal 2025 first quarter financial results highlights net sales of $36.3 million, up $7.6 million, or 27%, year-over-year organic revenue(1), excluding jolly and pacific helmets acquisitions, of $32.4 million, an increase of $3.7 million, or 13%, year-over-year fire services business, a key strategic growth focus for the company, grew over 92% versus the same period last year gross margin of 44.6%, compared to 43.4% in the prior year period net income of $1.7 million or $0.22 per basic common share in q1-fy25 versus $1.3 million or $0.18 per basic common share last year adjusted earnings before interest, taxes, depreciation, and amortization (adjusted ebitda)(2) of $3.9 million in q1-fy25, compared to $2.8 million in q1-fy24 jolly and pacific helmets revenue of $2.2 million and $1.7 million, respectively (1)organic revenue is total revenue excluding the effects of recent acquisitions, which management uses to assess the growth of its legacy business.
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