Q2 2025 Lakeland Industries Inc Earnings Call Transcript
Key Points
- Lakeland Industries Inc (LAKE) reported a significant revenue growth of $38.5 million for Q2 2025, up from $33.1 million in the same quarter last year.
- The acquisition of LHD Group, a leading provider of firefighter turnout gear and PPE, is expected to enhance Lakeland's global fire services offerings and footprint.
- Latin American operations saw a 63% increase in sales year over year, now representing close to 20% of Lakeland's total sales.
- The company has introduced new sales leadership, including a Chief Revenue Officer and VP of Global Industrial Sales, which is expected to drive future growth.
- Lakeland's fire service business grew by 34% year over year, driven by recent acquisitions and increased demand in this segment.
- Lakeland Industries Inc (LAKE) experienced a slowdown in organic sales in Q2, impacting profitability.
- The transition to a new North American industrial product market representative, LineDrive, resulted in some slippage in Q2 orders.
- Delays in the shipment of fire orders from Jolly and Eagle affected second-quarter revenue.
- Gross profit margins were negatively impacted by 3.8% due to the integration of newly acquired companies and 3.4% due to profit in ending inventory.
- Operating expenses increased significantly, with $2.4 million of the increase attributed to SG&A from newly acquired companies and $2.6 million due to acquisition-related expenses.
Good day and welcome to the Lakeland Industries fiscal 2025 second-quarter financial results conference call. (Operator Instructions)
During today's call, we will make statements relating to our goals and objectives for future operations, financial and business trends, business prospects, and management's expectations for future performance that constitute forward-looking statements under federal securities laws. Any such forward-looking statements reflect management's expectations based upon currently available information and are not guarantees of future performance and involve certain risks and uncertainties that are more fully described in our SEC filings.
Our actual results, performance or achievements may differ materially from those expressed in or implied by such forward-looking statements. We undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this call.
On this call, we will also discuss financial measures derived from our financial statements that are not determined in accordance with US GAAP,
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