Why Lakeland’s Q1 Results Are So Impressive
Lakeland Industries shares soared after it reported much better than expected fiscal first-quarter financial results.
Headquartered in Huntsville, AL Fiscal year ends January NASDAQ: LAKE lakeland.com
Lakeland Fire + Safety (formerly Lakeland Industries) manufactures and sells a comprehensive line of fire protection products and industrial protective clothing and accessories for industrial and first responder markets globally. The company operates across two primary segments: Fire, which includes a head-to-toe certified firefighter PPE portfolio (turnout gear, helmets, boots, gloves, hoods) complemented by decontamination, repair and rental services through its Independent Service Provider network; and Industrial, which encompasses chemical protective clothing, critical environment/cleanroom garments, and industrial gloves. Key brands include Vanguard structural turnout gear, Eagle, Jolly boots, and LHD. The company sells through in-house sales teams and authorized distributors to customers spanning integrated oil, chemical/petrochemical, construction, pharmaceutical, healthcare, utilities, and government sectors including fire departments, law enforcement, the Department of Defense, and the Department of Homeland Security. Lakeland operates manufacturing facilities across multiple countries and sells into more than 50 countries worldwide, with significant presence in the United States, Europe (including Italy and Germany), Latin America, China, Australia, and Hong Kong. Updated
Lakeland Industries shares soared after it reported much better than expected fiscal first-quarter financial results.
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Lakeland Industries reported mixed fiscal 2016 third-quarter financial results after the markets closed on Tuesday.
Lakeland Fire + Safety (formerly Lakeland Industries) manufactures and sells a comprehensive line of fire protection products and industrial protective clothing and accessories for industrial and first responder markets globally.
The Wall Street consensus 12-month price target for LAKE is $15.25.