Lakeland Industries Continues To Expect FY25 Revenue In The Range Of $160M-$170M Vs $165.65M Est
Portfolio Pulse from Benzinga Newsdesk
Lakeland Industries reaffirms its FY25 revenue guidance of $160M-$170M, including recent acquisitions. The company expects adjusted EBITDA of $18M-$21.5M, excluding FX impacts. Lakeland is optimistic about growth in the fire and industrial sectors, driven by acquisitions and sales strategy improvements.
September 04, 2024 | 8:48 pm
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Lakeland Industries reaffirms its FY25 revenue guidance of $160M-$170M, driven by recent acquisitions and sales strategy improvements. The company expects adjusted EBITDA of $18M-$21.5M, excluding FX impacts, and is optimistic about growth in the fire and industrial sectors.
The reaffirmation of revenue guidance and positive outlook on growth in key sectors suggest a positive short-term impact on Lakeland Industries' stock. The company's strategic acquisitions and sales improvements are expected to drive revenue and profitability, which is likely to be viewed favorably by investors.
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