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Last $9.16 USD
Change Today +0.17 / 1.89%
Volume 26.8K
LAKE On Other Exchanges
As of 1:35 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

lakeland industries inc (LAKE) Snapshot

Previous Close
Day High
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52 Week High
10/14/14 - $29.55
52 Week Low
09/11/14 - $5.85
Market Cap
Average Volume 10 Days
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Dividend Yield

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lakeland industries inc (LAKE) Details

Lakeland Industries, Inc. manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. The company provides limited use/disposable protective clothing, such as coveralls, lab coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, smocks, and shoe covers; high-end chemical protective suits to provide protection from highly concentrated and hazardous chemical and biological toxins; and fire fighting and heat protective apparel, which is used for the maintenance of high temperature equipment, and for military and airport crash and rescue teams. It also offers reusable woven garments, including electrostatic dissipative apparel used in the pharmaceutical and automotive industries, clean room apparel to prevent human contamination in the manufacturing processes, flame resistant and fire resistant cotton coveralls used in chemical and petroleum plants and for wild land firefighting, and extrication suits for emergency responders. In addition, the company provides high visibility clothing comprising flame retardant, arc flash resistant, and static dissipative reflective garments; and gloves and sleeves that are used in the automotive, glass, metal fabrication, and food service industries. Lakeland Industries, Inc. sells its products to a network of approximately 1,200 North American safety and mill supply distributors through a customer service group, regional sales managers, and independent sales representatives. Its products are used by industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries, high technology electronics manufacturers, and scientific and medical laboratories, as well as federal, state, and local governmental agencies and departments. The company was founded in 1982 and is headquartered in Ronkonkoma, New York.

1,304 Employees
Last Reported Date: 05/18/15
Founded in 1982

lakeland industries inc (LAKE) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: $400.0K
Chief Operating Officer and Director
Total Annual Compensation: $270.0K
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2015.

lakeland industries inc (LAKE) Key Developments

Lakeland Industries Inc. Announces CFO Succession Plan

Lakeland Industries Inc. announced that Gary Pokrassa has retired as Chief Financial Officer. Teri W. Hunt, a 10 year veteran of Lakeland and most recently serving as Vice President of Finance based in the company's Decatur, Alabama offices, has been named as Acting Chief Financial Officer, effective July 17, 2015, to succeed Mr. Pokrassa. In order to facilitate a smooth succession, Mr. Pokrassa has agreed to continue with the company in a consulting capacity for a period of one year.

Lakeland Industries Inc. Announces Early Payoff of Arbitration Settlement to Accelerate Exit from Brazil

Lakeland Industries Inc. announced it has amended the settlement agreement (the original settlement agreement) from September 11, 2012 relating to an arbitration with the former management of its Brazil subsidiary. The amended settlement agreement includes a discounted early payoff of the outstanding balance owed to the former management of the Brazil subsidiary pursuant to the original settlement agreement. Following the satisfaction of all regularly scheduled payments of the original settlement agreement to date, the company has agreed to complete the payoff of the new settlement agreement by June 30, 2015, which will satisfy the remaining $3,750,000 balance under the original settlement agreement. The payoff amount of the new settlement agreement is $3,413,000, resulting in a gain of $224,000 after allowing for imputed interest on the original settlement agreement. As part of the original settlement agreement, all alleged outstanding claims against the company arising from an arbitration proceeding in Brazil involving the company and the former management of the Brazil subsidiary were settled for an aggregate of approximately $8,500,000, which was payable by the company over a period of six years. Prior to the new settlement agreement, the remaining amount owed under the original settlement agreement was to be paid in quarterly installments of $250,000 through December 31, 2018. The amendment to the original settlement agreement contains a general release of claims by the former management of the Brazil subsidiary in favor of the company and its past or present officers, directors, and other affiliates, as well as other closing conditions.

Lakeland Industries Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 30, 2015

Lakeland Industries Inc. reported unaudited consolidated earnings results for the first quarter ended April 30, 2015. For the quarter, the company reported revenue of $24.819 million compared to $21.758 million a year ago. Operating profit from continuing operations was $3.220 million against $0.858 million reported last year. Income before taxes from continuing operations was $3.052 million against $0.377 million reported last year. Net income from continuing operations was $2.160 million or $0.30 per diluted share against $0.354 million or $0.06 per basic and diluted share reported last year. Net income was $1.229 million or $0.17 per basic and diluted share. EBITDA from continuing operations was $3.481 million against $1.153 million reported last year. Adjusted EBITDA was $3.609 million against $1.712 million reported last year. Capital expenditure was $0.307 million against $0.089 million reported last year. Free cash flow was $2.698 million against $1.316 million reported last year. Net book value per share at April 30, 2015 was $9.18. Net income from continuing operations grew by over 5,500% and free cash flow from continuing operations improved 105%.


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Valuation LAKE Industry Range
Price/Earnings 6.1x
Price/Sales 0.6x
Price/Book 1.0x
Price/Cash Flow 6.8x
TEV/Sales 0.4x

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