Lakeland Industries Company profile
About Lakeland Industries, Inc.
Lakeland Industries, Inc. manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company's product categories include limited use/disposable protective clothing, high-end chemical protective suits, firefighting and heat protective apparel, durable woven garments, high visibility clothing, and glove and sleeves. The Company's products are sold by its in-house customer service group, its regional sales managers, and independent sales representatives to a network of over 1,600 North American safety and mill supply distributors. These distributors, in turn, supply end user industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries, and high technology electronics manufacturers, as well as scientific and medical laboratories.
Financial summary
BRIEF: For the nine months ended 31 October 2021, Lakeland Industries, Inc. revenues decreased 25% to $91.6M. Net income decreased 63% to $10M. Revenues reflect Disposables segment decrease of 34% to $53M, Chemical segment decrease of 23% to $19M, Hi-Vis segment decrease of 4% to $3.5M, United States segment decrease of 34% to $36.5M, Asia segment decrease of 45% to $22.4M, Canada segment decrease of 38% to $6.8M.
Equity composition
Common Stock $.01 Par, 04/11, 10M auth., 5,568,744 issd., less 314,441 shs in Treas. @ $3M. Insiders & Strategic holders own 19.94%. IPO:9/86, 950K shares @ $6.75 by Tucker Anthony & R.L. Day, Inc.7/06, 4/05, 7/03 & 7/02, 10% stock dividends.
Latest shares articles
![](https://img.capital.com/imgs/articles/384x2000x0/1350x880_-HP-_Newsquawk-light_1.png)
![Lloyds share price forecast: An attractive dividend stock?](https://img.capital.com/imgs/articles/384x2000x0/Hero-image-bank_1.png)
![Exterior of Infosys headquarters](https://img.capital.com/imgs/articles/384x2000x0/shutterstock_2035197281_0_0.jpg)
![Tesla logo atop of a Tesla Dealership illuminated at night.](https://img.capital.com/imgs/articles/384x2000x0/shutterstock_1494516293_0.jpg)