Lakeland Industries Inc (NASDAQ:LAKE) reported a 11.6% year-on-year increase in Q3 FY24 sales to $31.68 million, surpassing analyst estimates. The growth was driven by market share expansion in first responder markets and strength in oil, gas, and utilities. However, sales of disposable products, especially in Asia, declined. Gross profit rose 8.9% to $13.4 million, but the gross margin contracted by 110 basis points to 42.2%. Operating income surged 62.9% to $3.6 million, and adjusted EBITDA increased over 10% Y/Y. EPS of $0.34 beat the $0.27 estimate. The company ended the quarter with $26.4 million in cash and equivalents. Despite challenges in China, the company's diverse geographic and end-market presence supported its performance. LAKE shares closed 1.72% higher at $14.80 on Wednesday.