RONKONKOMA, N.Y., Nov. 14, 2014 /PRNewswire/ -- Lakeland Industries, Inc. (NASDAQ: LAKE), a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and to first responders on the federal, state and local levels, today announced select preliminary results for its fiscal 2015 third quarter ended October 31, 2014. The Company's preliminary sales only in the United States and Canada for the fiscal 2015 third quarter are expected to be between $14.5 million and $14.7 million, or an increase of approximately 15% as compared with sales of $12.5 million for the same regions in the fiscal third quarter of the prior year. The select preliminary sales increase primarily reflects the growth being experienced by Lakeland with its traditional customers.
The sales figures announced today do not include the balance of the Company's international operations, which generally take longer to consolidate for reporting purposes. Further and as previously disclosed, Lakeland has experienced a significant increase in order activity from demand relating to the Ebola crisis. The Company started shipping orders relating to this demand only in October, which is the last month of its fiscal 2015 third quarter reporting period. The main impact from Ebola-related orders will not begin to be realized until the Company's fiscal 2015 fourth quarter ended January 31, 2015. Full third quarter financial results will be announced on December 10, 2014. Details for the fiscal 2015 third quarter financial results conference call will be announced.
Upcoming Investor Events
- Institutional investor marketing roadshows:
- Mid-Atlantic region, Monday, November 17, 2014
- Boston, Monday, December 1, 2014
- LD Micro Conference in Los Angeles, Wednesday, December 3, 2014
- Third quarter financial results press release and conference call, Wednesday, December 10, 2014
- Benchmark Capital Micro Cap Discovery Conference in Chicago, Thursday, December 11, 2014
About Lakeland Industries, Inc.:
Lakeland Industries, Inc. (NASDAQ: LAKE) manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market. The Company's products are sold by a direct sales force and through independent sales representatives to a network of over 1,200 safety and mill supply distributors. These distributors in turn supply end user industrial customers such as chemical/petrochemical, automobile, steel, glass, construction, smelting, janitorial, pharmaceutical and high technology electronics manufacturers, as well as hospitals and laboratories. In addition, Lakeland supplies federal, state, and local government agencies, fire and police departments, airport crash rescue units, the Department of Defense, the Centers for Disease Control and Prevention, and many other federal and state agencies. For more information concerning Lakeland, please visit the Company online at www.lakeland.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in Press Releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management. All statements, other than statements of historical facts, which address Lakeland's expectations of sources or uses for capital or which express the Company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. As a result, there can be no assurance that Lakeland's future results will not be materially different from those described herein as "believed," "projected," "planned," "intended," "anticipated," "estimated" or "expected," or other words which reflect the current view of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events conditions or circumstances on which such statement is based.
Any customers referenced or implied through reference in this press releases does not represent an endorsement of Lakeland Industries or its products.
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SOURCE Lakeland Industries, Inc.