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

Net sales of $33.1 million, up 17.3% year-over-year, and gross margin of 42.9% continued strength in high-value, strategic product lines, led by 202% increase in fire service huntsville, al / accesswire / september 6, 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 second quarter ended july 31, 2023. fiscal 2024 second quarter financial results highlights net sales increased 17.3% to $33.1 million compared to $28.2 million last year gross margin was 42.9% compared to 41.3% last year net income was $2.5 million, or $0.33 per basic and $0.32 per diluted share, compared to net loss of $(0.9) million, or $(0.11) per basic and diluted share, last year adjusted ebitda* was $4.2 million, bolstered by eagle technical products and strong organic growth, compared to $2.5 million last year with a margin* of 12.6% compared to 9.0% last year *adjusted ebitda and adjusted ebitda margin are non-gaap financial measures.
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