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.
![Lakeland Industries Logo. Lakeland Industries Logo.](http://photos.prnewswire.com/prnvar/20120611/NY21959LOGO)
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.