LAKE - Earnings call transcript Q1 2025 | Lakeland Industries, Inc.

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Operator

Good day, and welcome to the Lakeland Industries Fiscal 2025 First Quarter Financial Results Conference Call. [Operator Instructions] During today's call, we may 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 U.S. GAAP, including adjusted EBITDA and adjusted EBITDA margin. time, of most measures is host directly our release. At each call in presented for of to Officer, earnings the like Jim Industries' to comparable this Chief this reconciliation call, the to President discussed non-GAAP this in introduce Lakeland A you would and your Executive I GAAP Mr. measure Jenkins, is floor the yours. Jenkins,

James Jenkins

us and for Good Thank morning, thank earnings you call. for XXXX you, first our joining quarter fiscal operator. all

Lakeland by start Directors to to President the day First, by my and and appreciation they lead Whose of communities like nearly protect I'd most worldwide. quality I'm first employees mission is by Lakeland's Board solutions protective critical Lakeland's responders expressing to for and confidence honored to and providing every situations. CEO. be for trust Industries the the our X,XXX appointing to have world's workers, shown me

and growth growth executive drive runway to and high-value exciting tried lives an improved I and shareholders. advantages. the team key has to distributor in for strong around I With with our will leverage customers our for Lakeland sustainable to results growth and partners for competitive has deliver world Lakeland's profit markets. us trusting also and markets and safety. revenue This want your our thank

Our customers are heroes, and we never granted. take that trust for

our further on across for their company delivered team initiatives continued the want enthusiasm I members our and as thank Finally, we Lakeland to this commitment strategic quarter.

dedicated all hard communicated strategies. appreciate growth the team their continued previously our And first has During quarter, to this execute work. I

results this those about during talk call. We will initiatives more and

results, executing corporate excellent I creating high-performance of will shortly. we we values, quarter culture highlighted strong fiscal driven discuss which making continued our plan strategic of our first a as our are our and believe by by progress XXXX, our During team

product are marketing product, premier building enhancements. and fire sales geographies in high-growth a including We brand investing segments, and global through

product to and lines our working pricing, profitable through product growth optimization. drive strategic industrial channel diversification in development, operations are We also

for we advantage markets. and will as look competitive that continue companies to focused acquire Finally, improve discuss Lakeland's more, we in

previously platform. As February in sales closed integrating and into global the acquisition Boots Jolly their announced, early outstanding our immediately we products began on

sells boots and manufactures and excited a to we brands. global safety, Jolly their the of premium line for product a reputation Lakeland Safety with innovation, add and products to design family are

acquisition geographic November pleased completes are of currently along with across that LHD's Hong developing certified footprints our signing are presents We expect LHD turnout of technical aligns and business, which Lakeland's year, North strengthens the market, in Lakeland's acquisition cross-selling we our April, roll year, product Helmets later Jolly sales announced to to with we the fire early head-to-toe boots fire distribution our certifications exciting offering, Pacific and last opportunities existing channels. In diversity, Jolly American our NFPA this out global of and offerings announce fire an Eagle for we our top service Group also Australia, acquire new gear premium Germany's markets States, and with Germany global with rescue LHD's fire in well Germany, along fire portfolio and and to strong in complements Lakeland a Kong. bring very and product and offerings Pacific agreement Jolly Australia fire the United products. X with

that with expand. Additionally, recurring and Lakeland and Care work attractive revenue us provide offerings leverage streams the margins to service will LHD gross

clearing for the acquisition making progress all closing close the very expect on to are this good month. LHD and We conditions

of we I markets. I and a products to you range strategies position last and that press evening. reflect trust acquisitions execute executing M&A the at published our earnings review to commitment has the acquisitions QX will the to invest further pipeline, opportunities SSQ very We had everyone release and search have Roger of growth continue I presentation small, we we to previously and discussed, our strategically and to results. our pace strategy. accelerating and encourage SSQ our have strategic opportunity Lakeland and As the deck, these broaden quick follow still end to for Lakeland's diversify as review earnings in and along attractive

year. earnings As 'XX of we we fiscal press with stated our in are our very -- pleased release, the start fiscal

in operations Looking grew XX% first XX% the sales XXXX this to at and our by our $XX.X for in $XX.X first years. quarter these XX% million were increased year as the to growth very We fiscal respectively. North of geographies and important encouraged Latin results, million fiscal American our the quarter previous compared by net American year-over-year,

Asian high-value with fire business our healthy South led our in in chemical and first we for strong quarter, North our remained see critical sales programs key the and demand America, soft and categories to -- container While disposables by customers. product efforts programs environment, continue national

last year's acquisitions, fiscal strategic our our Our deepen successes times driven over quarter grown new fire continues having services and superior business first versus distributors. and to from manufacturing XX% pipeline by onboarding broaden, lead with

Boots 'XX companies, million of and our or sales. XX% represented Our total Jolly acquired Helmets newly Pacific $X.X QX, FY

and work will coming Jolly's across integrate our sales to portfolio Pacific's proactively and we through the global Lakeland's continue opportunities. outstanding and platforms channels products into cross-selling market marketing to as global leverage Over fire expansion months, safety we synergies

showing successful trade able our were Conference, customers quarter, largest along Lakeland turnout Eagle Helmets very to demonstrate FDIC the with the for offerings, our and Where fire a rescue the show we at gear. International we new Pacific North in to industry Boots had outstanding fire Jolly America. the During and and

power forward fire that safety step will new and glove due major its a unveiled dark luminescent also NFPA smoky areas. illuminate to firefighter trim in that certified is a We

gross X.X year. In terms over margins first came increase last our quarter at the XX.X% profitability, of of points in same period an percentage

XXXX. more quarter EBITDA will year adjusted an million later. the the fiscal Roger with $X.X fiscal these for first Our of of for compared in $X.X or was of million increase million, XXXX quarter discuss XX% $X.X first detail

$X.XX improving income was the the $X.X mix our in and from for quarter geographical an year. share outsourced Lakeland's value distributors compared increase prior LineDrive, income a company Lakeland of exciting leading for expand North adjusted industrial net XXXX industrial earnings and first customers product Resulting believe After marketing partnership benefited our in products. sales with per quarter million, its in repair higher end, strategic large operations. net an perspective, partnership quarter the fiscal this and of $X.XX margins will XX%. America. of announced strategic significantly diluted From and gross Our EBITDA to We products to maintenance, and

year, Roger in will to guidance, XXXX more adjusted which also EBITDA of pleased and Given the raise detail. year fiscal start discuss the we are strong our revenue full

our coming financial I'm where expect coming again more this our and takes next here, the like see for further results LHD at reflect regarding our and provide results. To to From of unwavering, have time to remains few we excited I'd on closing him an it that announcements make Additionally, summarize, of commitment Roger to the and pass LHD cover our year within revised year year. to of outlook us. acquisition the you impact the to the and fiscal guidance weeks over for

Roger Shannon

everyone. hello, and Jim, Thanks,

strong year-over-year As press our we sales and afternoon, earnings in growth. profitability yesterday noted delivered release

year. Lakeland $XX.X of compared Looking million quarter delivered XXXX. of $XX.X at the to for our first million of first sales fiscal last quarter

XXXX by by disposable million $X.X Pacific QX QX XX-month basis, or in fiscal TTM revenue, fiscal million. excluding chemical, XX% or and Lakeland's $XXX.X our driven as the million of our of grew Boots wovens $XX is On a Jolly acquisitions, organic increases year-over-year, trailing versus Helmets of is products. XX% Our million. total This fire, TTM revenue XXXX $XXX.X an increase and revenue

double-digit across the [ Latin North We also XX% America. America year-over-year ] growth across organic America, North a and and saw XX% including growth year-over-year XX% growth in U.S., South in

sales XX% international total of of $XX.X Our sales the slightly domestic XXXX $XX growth $XX.X XX% quarter the and and XX% were Europe in international sales America XX% million Latin sales the with lower offset of revenues. and from total fiscal were of million of and XXXX. Lakeland's million Asia strong million North sales despite growth in was revenues, some in signs total the or or fiscal sales first during or This total by $XX.X domestic partially of first preliminary China. compares or of of of quarter America

product strategic growth mix key first business, quarter, for Jolly same company million In period as last focus year, for terms new the Pacific Jim of successes as of $X distributors. driven and a services fire our million times growth and a by mentioned sales million grew $X.X our onboarding versus the the acquisitions earlier, XX% of result superior from in organic lead with $X.X our or and

and product revenues sales to in chemicals and decrease Asia. represents ago Our as disposables in disposables in It a growth the a as of of services compared to Lakeland in continued year result the the our total period. the the category XX% of fire continued percentage categories now XX% line weakness

continued first despite $XXX,XXX Asia, disposable year. versus of sales in However, the or quarter by X% increased weakness last

to As and opportunities disposables to market LineDrive woven our grow and accelerating product see Jim both Latin in new due in mentioned, do America. our we excellent share categories part relationship growth

oil American and North and strong. program to business with our success continue have gas container direct turnaround We our remained

million million fiscal our an close optimistic to we Reported XXXX, quarter quarter XXXX. for [ first $XX.X or fiscal $X.X first gross of our $X.X XX% environment new increase opportunities and sales about excellent opportunities. very (sic) of critical ] compared the continues $XX.X in identify was million Additionally, team to of are as profit year million the

percentage the was reported profit a Our of quarter as for XX.X% of XXXX. fiscal sales gross net first

of fiscal profit higher X.X% XX.X% periods fiscal quarter year for XXXX. X.X% and in were operations higher gross reported of from nonrecurring million show for and SG&A drivers was X.X% resulting quarter of profit operating products costs. to decrease X. Lakeland the in fiscal the gross on Offset offset higher-value first the mix of $X.X the for negative of sales helped margin for the absence previous first a compared XXXX The slightly of As quarter quarter upsides to by compared we an million sales between difference million from current main the impact profit fiscal the of operating a first year by from XXXX the quarter, the $X.X in Slide an X our in improvement first cost. margin as XXXX a versus a improvement by year, $X.X

expenses operating quarter, noncash to million expenses While and sales-related and growth $XX and million was increase of nearly expenses $X.X acquired increased $X.X nonrecurring our increase. the the million for of for due the accounted acquisition, to

of current of was or year. Adjusted or compared Lakeland XXXX in quarter margins quarter $X.X to for $XXX,XXX to XXXX Tax diluted of for XXXX the to million quarter of of X.X% compared and for expense reported discussed EBITDA year were $X.XX expense quarter for of rate Pacific or tax fiscal fiscal quarter last margin $X.X year. the reasons rate estimate X.X% a the basic related for fiscal per the was fiscal QX. Discrete for tax and fiscal the share XX.X% of basic the income tax above. $X.X and We first of items first currently for effective per million quarter. Eagle annual or the net diluted Operating of million the XX% $X.X settlement the net million income an X.X% share of for first first for XX% positively full acquisitions a an compared of XXXX. the margin to $X.XX impacted

improvements adjusted of upsides Slide sales of of Along previously sales offset and expenses XXXX acquired excluding expenses, fiscal improvements, of $XX.X XX-month from versus general As $X.X OpEx EBITDA, with from total value $X.X QX and $XX.X fees. On as X, resulting fiscal entity our in fiscal higher partially the quarter This year million. shown versus to first the of million. XXXX. QX a growth by EBITDA fiscal increase impacts higher nonrecurring basis, Lakeland's excluding and XXXX EBITDA, FX our the an selling mentioned product benefited decrease XX-month FX, mainly million QX mix million on professional for quarter TTM is operational the related absence a in adjusted the higher administrative trailing adjusted XXXX of trailing of is and XX% the or

equivalents of Now to cash the million $XX.X million. and $XX.X balance Lakeland turning ended prior compared to balance quarter of our sheet. the ended approximately cash year with cash

XX% inventory reduction cash generating the million year-over-year. flow and finished acquisition in goods inventory $X.X driven decrease reduction, excluding continued focus Mainly of on our a effects by in an resulted Our and inventory.

be tends quarter. a cash usage higher So QX to

growth to Our opportunities. allow laser and us robust further cash focus the continue particularly position financial believe we sheet cash on strengthens position, which company's organic our pursuing inorganic and balance

April XX, the debt million. of As XXXX, company of outstanding $XX long-term had

we our release Boots. we with February, down As line conjunction mentioned our closing portion acquisition the credit in our a in of early of of Jolly revolving of drew press in

debt but LHD. We the agreement second in make down expect credit to revolving draw quarter repayments the our of some also purchase on for to of

revolver continue In last with years. normal addition, our quarter, FY XX, feature, XXXX, be million assess an and leased completed previously, existing in-house pause XXXX, our months XX, of operations. approximately services the manufacturing April our as of And for expenditures still to building. were to terms. Capital which to to up in to fire March on existing improved to expand 'XX we capital up million we X capacity on million course X $XX $X availability expect extend develop damage with expansion, accordion amendment as along to facility expenditures we for $XXX,XXX. remains ended additional $XX We from Monterrey equipment line $XX an discussed replace the weather-related million the credit we additional

guidance Now the we XXXX. to outlook remainder looking our year, upward for the the do month. start revising strong XXXX, and but our LHD expectations are fiscal to rest first expect XXXX our services that include ahead quarter fiscal Please backlog to acquisitions, the include this not of fire of existing for our year. Based we close our the the on of Pacific announced in note fiscal Boots Jolly forward-looking which these business, Helmets recently

now confident see XXXX million. year million earning and more in in range revenue $XXX the fiscal and of We ability, $XXX global are we platform sales becoming to our

FY expect in range million. be the we EBITDA, FX, 'XX adjusted excluding $XX to million to Additionally, $XX of

LHD begin XXXX before to back progresses. With update turn transaction call now to questions. the expect its I We and these we overview, fiscal would like over once that closed expectations the we taking to Jim

James Jenkins

Roger. Thanks,

earlier, profitable alluded I we is and to value our growth, for proposition positioned never Lakeland stronger. As has well believe been

growth in the execution heart year. our single-digit remains with key. organic the XXXX be strategy, organic of for balance Strong fiscal driving Of expect be will the of we Consistent guidance, course, our to at the revised high growth range

and remain continue growth markets, of capabilities. Acquisitions an business. our our and also will geographical to increase part expand footprint the acquisition and pursue addressable our strategy We identify important trajectory and opportunities of

M&A strong have to balance a We of active sheet pipeline. support conversion the our

sales With as maintain to strategy in from and will quarter. All finance our in returns team, like to momentum the ] drive questions. we the on continue call saw improvement will we We all, Operator? process I first operations and yearly teams our now our strive we the open that, early for plan. our the [

Operator

Your is today with Instructions] for MKM. ROTH from first Gerry question [Operator Sweeney

Gerard Sweeney

Roger. and Jim

across product seems the becoming also balance noise off, ] your done. interesting. Lakeland. being over But of First acquisitions. and [ the The that going background. say, with CEO. disposable, And some in mix said, Made apologize to expand some work we'll the any for fire, I'm congratulations, Jim, being you've term, degree course There's interim of helped LineDrive

So what milestones with internally even maybe good I'm next of X Lakeland, just at at as over you X, your but look lot maybe there's maybe this major curious going the X, at all all on going on, quarters Lakeland? a

James Jenkins

part additions the least of at of some people they tremendous going months. Yes. That's responsibilities that XX question. either And all new outgrown course as a view I time. organization change amount right exiting are developing Gerry. who, parts the the my finding Look, And team, favorite this just now, Sure, And XX we've I last team. our take frankly, of of my to our already we've or no had critical most to think job, -- great first point, -- actually organization. to longer be the within over a X to where need are the within X some I

sales think, not-too-distant in other on out down the well. and here the meeting then we to new leadership the stuff of little out. And have a front, with with see in here in from some of would the future as expect meeting Australian few I'm narrow to the I We're to in as the need and need, the the was meeting I to need folks and strategy. Adelaide, some we our team, LHD some those So bit course get to I've earlier were with I've fill today day, LHD. Germany. I run the starting leader Cologne We a team time opportunities Kong for traveling. HR table we take going days a that sales we traction I'm on amount there spent a the got bring considerable to Hong slower.

like I'd Lakeland. on sets -- we're the So never sun say to

they've so in to development is direction. But we're the customers think touching while on, energized occurred very sure be those the the the It's and -- XX:XX current team, of our I to rowing going past I leadership it's also that all that of primarily, same And Hong my here pleased feel touching making it. responsibilities the people components changes like job entire our and in I'm X and organization of by some the I'm our and midday. with have Kong, a.m. a little resiliency taken

Gerard Sweeney

the with you're adding like that it. interesting got would we can sound to of of connection, seems doors give That's curious that to But an you But memory maybe and some adds going. helpful. can to give early really it depth first Kong. an update organization a it's LineDrive. in have some in LineDrive brief initiated open serves maybe on additional order you But May bit little capacity maybe or or additional you great. even the to agreement. Hong you a Maybe never growth. you I can drive upon touch and -- and ability when about in the just just some I marketing guessed spoke announced if right the correct, right it background my right highlight. If -- way people and the Good or where growth certainly

James Jenkins

for we've for was this week LineDrive. the training So --

evangelists many of product So LineDrive and in product out. that of were roll meeting our sort management Chicago help with to

gain the from current all were to we've on time time your street strong some think gets their will that, think LineDrive, the on that on hear and ability or of we XX brand. get that, pleased feet a well. hearing to take to point, we're out amount so we that a very of but done see them. And message I of our very what were traction with considerable to a level we've It additional Lakeland went it type I spent customers, -- high homework we're frankly, indications leverage distributors national account the to talking some pleased to level to

Gerard Sweeney

And it. then Got maybe...

Roger Shannon

enhanced team have lot and confidence do strong a We clicking in of said, a lot sales we're We just sales in names what cylinders. our representing would LineDrive the already brings, accounts level access LineDrive like on force. is you But national of that other have recognize Jim top to large MRO a verticals. a some of across where about XX vastly XX, is of

recognize talk get kind large we right -- those know that in other a opportunity into just accounts. They We'll -- you'd relationship, industrial just And already. fantastic some to these know of ours of with regions, vertical. way just accounts the is names that that in from headquarters PPE but mentioned know is and the might relationships, to this their door you then that take I a promising and there of of but accounts are opened compelling they and provider decided in and have them thing come might they the and and that seeing the have very even go pull value the field in recognize the it national of for competitor one these very us, to. people portfolio, not national the we're that out So they only you what's leads prominent large to they be the proposition

James Jenkins

Yes.

and alluded we add have So is these to Gerry, excluding last that the because sales to -- that of like not that to we're group, to current of that, relationships. as talent in thing Roger one entirely add it's that -- any our

critical models strong as we the hybrid these guys that see we We their relationships have and have have relationship of distributors enhancement who several venturing and with as sort well. where joint LineDrive, with a

Gerard Sweeney

Obviously, it. -- margins I'm maybe Got this in more one noise but It you year-over-year. sorry, operating be more there. for may in some highlighted question there's Maybe Roger apologies. might -- down slightly

on into there we was a out and legal there's but and those I some where you I costs go I some here? just if that just the certainly acquired? costs, drive to acquisitions understand you out exiting can of something -- more does from think mentioned costs else. or mean little aligned everything fine-tuning curious some But of have legal bit the -- costs that grow is you I'm

Roger Shannon

No.

there that's And I we We is, tend that that about one the and presentation. basis. and our on, acquired strong that to companies past CapEx, a run brought on talent, like absolutely think just out. there the the we additional will regionalized we bridge in have talked companies internal in costs items be those we of we shown highlighted drive as

that thing not this some look their expect, that -- and that stand-alone continue that did expenses as quarter kind over. to we this flow part, Monterrey, of up resolved. expenses, noted, digging the acquisitions look ours happy more carved lot related get And out company goes on amortization company -- that LHD. quarter, still beginning close needed have as third-party we're a the some But have -- the like some other not Mexico to in and going with comes we're will they're but really of we ours a identified as now, no to work expenses, areas And are front. And is situation there those being and that accounting their with until things we professional depreciation like we do on ]. you'd transaction through also that I'm we'll and and -- and in purchase to through of it's related the regular that until continue not And a are at expense expenses [ to beginning level just be things to So longer workforce at acquisitions. mechanism. the to this, we the There of --

So and answer field and -- of are corporate not I'm not -- it's continue not and Short our but is, that. work -- happy that not in not where our going to is, acquired the surprising. with We're to entities, all with and it regions press we're teams we to just in our duly improve --

Operator

Your with is next Maxim Galinko question from Group. Matthew

Matthew Galinko

disposables I did I think, it quarter growth notice in that year-over-year So of the first while. a was,

your I little -- bit kind the a just on -- year you a moving for that up more this what expectations I comment working bit maybe sort how to your think this -- disposal wanted we trajectory was through implied hoping about could in in anomalous there? generally, little the shoring quarter? of there should Or then and So on And specific was organic go-to-market of something year?

Roger Shannon

first a play most think in places there. this last got was of ago [indiscernible] Roger. for to about service America, that little Jim commodity And change we've that mixed a interesting we've not of with customers on. North new we that X strong brand. identified about strong management fall, strategic of kind think There's In years of part fantastic there. we portfolio. worked we us. -- XX% we versus some with I'll also got kind really growth caused sales important strategic. we the But team priority very bit, I a team and and market to some disposables fire our just dynamics that XX% Yes. some maybe started PPE planning summer again, let was a because last talking message Matt, I And went it's on when has jump that through our is and there's and -- as confusion follow at And follow our and

We're seeing this pleased So even talked weakness going very on But before we that. still we've taken the at relationship we're got with America, hand, sales is we've about, America. that. And one our address China, hold Europe. LineDrive addressed are Americas, South we've all. North again, in -- has efforts really in to

seeing So growth things we're like critical there. environment,

We The just our chemical, FR South continue we turn is in Latin team -- it saw doing make the up that job AR. tremendous on America business a to inroads America, there. high-performance growing

and very good direction, get be a in back and job our And Europe got own move be think to we just on manufacturing what for is our a disposables very of great we've very is the us. brand flowing cleaned Asia cash a it. described Jim good test is, we business up there. We've going we'll It to as So It well. message are. our right and pleased. We and do very

James Jenkins

we developing of what there's But in little where would of in sort opportunities. spaces activity provide the Roger a of and industrial there lot past. market. lot pile would bit on Latin the issues disposables echo a I of currency that the we've Obviously, I said, a had Yes. There's a on sort America. it's

becoming the and markets some opportunity of differentiator optimistic top we be and think leader have in and that, distributors. sort sales And have here customers teams a going about price of layer our in leader spend we soon. I rapidly in -- them pressures I'm our a Europe we're want pending very us market. of partnering here. to We a larger growing with on So of some we're to where educating lot obviously we're that showing those how and sales time places in hopeful China. like a And that

Roger Shannon

just thing, the just go well the a a actually margins Matt, I -- And not our But as but programs that as the manufacturing work had fire, our those that question lower. talked about not Yes. haven't place on one And companies, seen up. there you've as in gotten is tend some it's on. last the this, gross the you've I'd continue although But point before, margins at even -- we've gross a thing be little just lot acquired seen that the on that -- out of we have, to efficiencies to companies, we we've it. driving bit

So that to that intently. that really is focus on a we very continuing and business we're like

Matthew Galinko

I a I guidance. not rest year. guess a for but I think the you're Got it. growth going around know just granular, rate you the to organic follow-up too on get of X% mentioned the And

particularly first this rate organic think thinking around was should curious, around But be about we I what's reasonable the quarter. maybe year? growth I'm just it in XX% fire, a for

Roger Shannon

good question. -- -- like it's it I more great that this is organic, this And it's to peel and mean, that one can a said, address because the reasons whole. about there. the -- thinking raised point hard you actually something it's I That's of of And you a a as kind out else really we're

for the we're really reasons Pacific of what's a at that going get to not cross-selling. -- EBITDA, the into example, One or the is say, Jolly is

a company. X had they have or as of So stand-alone would Y EBITDA

Europe pricing sales on Eagle the Lakeland transfer in and the part into ] to into entity that but not have the we U.S. the operations technical we're have, then even just but Europe and it, selling and U.S. changed through between they're to what now or that channels, -- we U.S. the get other that Now through change of not or [ you.

different -- what than be the would a it -- into is Eagle selling EBITDA into U.S. the through into just or -- very it's channels. will their what have been, So stand-alone

say, it organic we're what's it selling a the makes products So tougher the those through because to little now U.S.

for about the proposition, think you talked Eagle Lakeland value of Which about, I Lakeland. is you're the say head-to-toe picture and what's talking suits. when the really, kit. So as Really, just lot turnout missing we've a fire because organic the the full is

Matthew Galinko

further Yes. be surmountable of slip points. final as kind that Should appreciate that? of the of the Maybe Fair on should How or could timing. be question you should half? me confident then be we the back and Anything acquisition else regarding for jump that. and in queue. investors I I'll LHD the And final add for a could thinking that something it we framing are we out the first relatively hurdles

James Jenkins

this And have done. you've I'll that. guess herding third belief and parties, iterative get it's between an process. start I is And when sometimes going strong cats. regulators to I Matt, M&A with got is But like deal that

if deal Kong, things, didn't in I have at I'm do odds to Hong but you I'm not was because can close, but kinds happened, I that of here highly confident think that's wouldn't this be don't tell if wouldn't on but these stranger point I I things this wasn't. I I going So I here not be -- mean anymore -- suggesting

Roger Shannon

like mean, we I mentioned believe. close, we we our comments, very Yes. are in

Operator

of the for And have question-and-answer to session. the We now end reached back remarks. closing floor to Jim the I would like turn

James Jenkins

for Thank look you Lakeland. building to We a operator. sharing in all strong interest call. has us forward today's appreciate joining on on in with you the Have continued XXXX. you, day. Lakeland Thank and We your fiscal our momentum great success

Operator

participation. your time. this This disconnect concludes you for lines conference, Thank and may your today's you at

Lakeland Industries (LAKE) 5 Jun 242025 Q1 Earnings call transcript