Lakeland Industries Raises FY25 Revenue Outlook From $140M-$150M To $150M-$155M, Est $144.60M
Portfolio Pulse from Benzinga Newsdesk
Lakeland Industries has raised its FY25 revenue outlook from $140M-$150M to $150M-$155M, surpassing the estimated $144.60M. This new revenue expectation includes the recent acquisitions of Jolly Scarpe and Pacific Helmets but excludes the LHD fire and rescue business, expected to close in June 2024.
June 04, 2024 | 9:01 pm
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Lakeland Industries has increased its FY25 revenue outlook to $150M-$155M, higher than the estimated $144.60M. This includes recent acquisitions but excludes the LHD fire and rescue business, expected to close in June 2024.
The raised revenue outlook indicates strong performance and successful integration of recent acquisitions, which is likely to positively impact the stock price in the short term. The exclusion of the LHD fire and rescue business, expected to close in June 2024, provides clarity on future revenue streams.
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