Lakeland Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2024
December 06, 2024 at 08:46 am
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Lakeland Industries, Inc. reported earnings results for the third quarter and nine months ended October 31, 2024. For the third quarter, the company reported sales was USD 45.76 million compared to USD 31.68 million a year ago. Net income was USD 0.086 million compared to USD 2.62 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.34 a year ago.
For the nine months, sales was USD 120.58 million compared to USD 93.45 million a year ago. Net income was USD 0.363 million compared to USD 6.4 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.85 a year ago.
Lakeland Industries, Inc. manufactures and sells a line of industrial protective clothing and accessories for the industrial and public protective clothing market. Its product categories include firefighter protective apparel and accessories, high-end chemical protective suits, limited use/disposable protective clothing, durable woven garments, high visibility clothing and gloves and sleeves. Its products are sold globally by its in-house sales teams, its customer service group, and authorized independent sales representatives to a network of over 2,000 safety and industrial supply distributors. Its authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical and high technology electronics manufacturers and scientific, medical laboratories and the utilities industry. It offers structural firefighting, wildland firefighting and technical rescue helmets.
LAKELAND INDUSTRIES, INC. 
