Lakeland industries, inc. reports fiscal 2024 first quarter financial results

Net sales of $28.7 million and gross margin of 43.4% strong growth in high-value, strategic product lines, led by 103% increase in fire huntsville, al / accesswire / june 7, 2023 / 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 2024 first quarter ended april 30, 2023. fiscal 2024 first quarter financial results highlights net sales of $28.7 million, up 5.2% year-over-year gross margin of 43.4%, compared to 40.5% in the prior year period net income of $1.3 million or $0.18 per basic common share in 1q24 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted ebitda)* of $2.8 million in 1q24, compared to $2.3 million in 1q23 *adjusted ebitda and adjusted ebitda margin are non-gaap financial measures.
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