Lakeland Industries, Inc. LAKE reported third-quarter fiscal 2025 (ended October 2024) adjusted earnings of a penny per share, which missed the Zacks Consensus Estimate of 40 cents. The bottom line increased 97.1% year over year.
Lakeland’s total revenues of $46 million beat the consensus estimate of $43 million. Also, the top line increased 44.5% year over year. Organic revenues increased 7.3% to $34 million in the fiscal third quarter.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
Revenues from the domestic operations increased 2% year over year to $15.4 million. The increase was driven by a rebound in U.S. sales during the quarter.
Revenues from international operations increased 83.3% to $30.4 million due to strong momentum across Latin American, European and Asian markets.
Lakeland’s cost of sales increased 48.6% year over year to $27.2 million. Operating expenses totaled $17.8 million, up 83.5% year over year.
LAKE recorded an operating income of $807 million, down from $3,621 million in the year-ago quarter. The operating margin decreased to 1.8% from 11.4% in the year-ago quarter.
At the end of the fiscal third quarter, Lakeland had cash and cash equivalents of $15.8 million compared with $25.2 million at the end of Jan. 31, 2024. Long-term debt was $31 million at the end of the fiscal third quarter.
In the first nine months of fiscal 2025, LAKE used net cash of $12.5 million from operating activities against $7.7 million generated in the year-ago period.
In the same period, the company paid dividends worth approximately $0.7 million, down 3% year over year.
For fiscal 2025, management continues to expect revenues of at least $165 million compared with a year ago. This revenue guidance includes the contributions of its recently announced LHD, Jolly Scarpe and Pacific Helmets acquisitions.
Adjusted EBITDA is expected to be at least $18 million, which includes the impacts from its announced LHD, Jolly Scarpe and Pacific Helmets acquisitions.
LAKE presently carries a Zacks Rank #3 (Hold).
Some better-ranked companies are discussed below:
Alarm.com Holdings ALRM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ALRM delivered a trailing four-quarter average earnings surprise of 19.6%. In the past 60 days, the Zacks Consensus Estimate for Alarm.com’s 2024 earnings has increased 7.2%.
Allegion plc ALLE presently carries a Zacks Rank #2 (Buy). It delivered a trailing four-quarter average earnings surprise of 9.9%. In the past 60 days, the Zacks Consensus Estimate for ALLE’s 2024 earnings has increased 2.1%.
MSA Safety Incorporated MSA currently carries a Zacks Rank of 2. MSA delivered a trailing four-quarter average earnings surprise of 5.8%. In the past 60 days, the consensus estimate for MSA Safety’s 2024 earnings has increased 0.7%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Allegion PLC (ALLE) : Free Stock Analysis Report
Lakeland Industries, Inc. (LAKE) : Free Stock Analysis Report
MSA Safety Incorporporated (MSA) : Free Stock Analysis Report
Alarm.com Holdings, Inc. (ALRM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.