Lakeland Industries reports Q2 EPS 32c vs. (11c) last year

Reports Q2 revenue $33.1M vs. $28.2M last year. “Lakeland delivered solid second quarter results and continued to build on the Company’s momentum, particularly within our strategic product lines,” said Charlie Roberson, CEO. “Our net sales grew significantly year-over-year, led by our higher-value strategic products, and we saw Adjusted EBITDA and Adjusted EBITDA margin expansion as our teams executed our focused sales plan. We remain committed to growing our share within higher-value product categories and markets, and this was demonstrated by the continued strong results we saw in our fire service and wovens product categories during the second quarter. Additionally, our team is developing and maintaining a robust acquisition pipeline as we seek opportunities that enhance Lakeland’s strategic product portfolio and leverage our geographic reach. We expect to drive increased penetration within high-value markets, putting Lakeland in a position to deliver on its long-term financial targets.”