Lakeland Industries Expects Fiscal 2025 Revenue Of $140M-$150M Vs. $138.9M Consensus; Sees Adjusted EBITDA In Range Of $16.8M-$18.5M
Portfolio Pulse from Benzinga Newsdesk
Lakeland Industries (LAKE) projects FY 2025 revenue to be between $140M-$150M, surpassing the consensus of $138.9M. The company also forecasts its adjusted EBITDA to range from $16.8M to $18.5M, including the impact of the Jolly Scarpe and Pacific Helmets acquisitions but excluding the upcoming LHD fire and rescue business acquisition expected to close in late May 2024.
April 11, 2024 | 7:14 am
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Lakeland Industries expects FY 2025 revenue to exceed consensus with projections of $140M-$150M and an adjusted EBITDA of $16.8M-$18.5M, factoring in recent acquisitions but excluding the LHD acquisition.
The positive revenue and EBITDA guidance for FY 2025, which exceeds consensus expectations, is likely to be viewed favorably by investors. The inclusion of the Jolly Scarpe and Pacific Helmets acquisitions in the financial outlook, while excluding the yet-to-close LHD acquisition, provides a clear picture of the company's growth trajectory and operational efficiency. This clarity and the surpassing of consensus estimates are positive indicators for the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100