Lakeland Industries, Inc. Reports Earnings Results for the First Quarter Ended April 30, 2023
June 07, 2023 at 05:16 pm EDT
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Lakeland Industries, Inc. reported earnings results for the first quarter ended April 30, 2023. For the first quarter, the company reported sales was USD 28.7 million compared to USD 27.28 million a year ago. Net income was USD 1.32 million compared to USD 1.13 million a year ago.
Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.14 a year ago.
Lakeland Industries, Inc. design and manufactures and sells a comprehensive line of industrial protective clothing and accessories for the industrial and public protective clothing market. The Companyâs product categories include limited use/disposable protective clothing, high-end chemical protective suits, firefighting and heat protective apparel, durable woven garments, high visibility clothing, and glove and sleeves. Its products are sold by its in-house customer service group, its customer service group, and independent sales representatives to a network of over 1,600 North American safety and mill supply distributors. It also designs and manufactures helmets for the structural firefighting, wildland firefighting, and rescue markets. Its authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, steel, glass, construction, smelting, heavy and light industry, cleanroom, janitorial, pharmaceutical, and technology electronics manufacturers.