Core Viewpoint - IsoEnergy Ltd. and Future Fuels Inc. have completed a transaction where Future Fuels acquired a 100% interest in IsoEnergy's Mountain Lake Project, enhancing Future Fuels' holdings in the Hornby Bay Basin to over 342,064 hectares [1][2]. Transaction Details - Future Fuels acquired the Mountain Lake Property, which covers 5,625 hectares, in exchange for 12,500,000 common shares (Upfront Shares) and 2,500,000 deferred shares, along with net smelter royalties [1][8]. - The transaction was executed under an asset purchase agreement dated November 13, 2024, and included contractual restrictions on the resale of the shares [3][4]. - IsoEnergy will receive a 2% net smelter returns royalty on production from the Mountain Lake Property, with 1% eligible for repurchase by Future Fuels for $1,000,000 [8]. Future Prospects - Future Fuels' CEO expressed enthusiasm about the acquisition, highlighting the potential for exploration and development in a highly prospective region [2]. - IsoEnergy will have the right to nominate a director to Future Fuels' board and participate in future equity financings as long as it holds 10% or more of the common shares [6]. Ownership Structure - Following the transaction, IsoEnergy beneficially owns approximately 21.36% of Future Fuels' issued and outstanding common shares on a non-diluted basis [9].

Core Insights - Lakeland Industries, Inc. will participate in the Oppenheimer 10th Annual Emerging Growth Conference on February 25-26, 2025, focusing on growth strategies and recent financial activities [1][2][3] Group 1: Company Overview - Lakeland Fire + Safety is a global manufacturer of protective clothing for various sectors including industry, healthcare, and first responders [4] - The company sells its products through a strategic network of distributors and directly to end users in over 50 countries, with significant sales in China, the EEC, Canada, and several Latin American countries [4] Group 2: Financial Activities - Lakeland recently completed an oversubscribed public offering raising $46.0 million to accelerate growth [2] - The company has made four accretive acquisitions that have expanded its product lines and global market reach [2]

Core Viewpoint - Lakeland Industries, Inc. has undergone a transformative fiscal year 2025, marked by successful acquisitions, improved capital position, and a focus on growth in the fire protection sector, aiming to leverage a $2.0 billion market opportunity [1][10]. Acquisitions and Growth Strategy - The company completed four strategic acquisitions in the past year, enhancing its product offerings and expanding its global market presence [2]. - Acquisitions included Pacific Helmets NZ Limited, Jolly Scarp, LHD Group Deutschland GmbH, and Veridian, each contributing complementary products and market share in the fire services sector [3][4][5][6]. - The acquisitions are aimed at building a portfolio of premier global fire brands and creating cross-selling opportunities [2]. Financial Position and Capital Strategy - Lakeland closed a $46.0 million public equity offering, strengthening its balance sheet and enabling further growth initiatives [1]. - The company anticipates annual cash interest savings of approximately $2.5 million due to debt repayment [1]. Management and Leadership - New executives were appointed to the management team, including a Chief Revenue Officer and a Chief Commercial Officer, to drive sales and market growth [7]. - The Chief Human Resources Officer was also appointed to enhance the company's people strategy and culture [8]. Future Outlook - The company is focused on new M&A opportunities to consolidate the fragmented fire market and expects to grow faster than the markets it serves [10].

Core Insights - Lakeland Industries, Inc. has secured a contract renewal with Fire and Emergency New Zealand (FENZ) for up to 12 years, extending a partnership that has lasted over 22 years [1][4] - The contract includes the supply of the latest generation KIWI 2.0 L2 structural fire ensembles and decontamination services, enhancing firefighter safety [2][4] - FENZ oversees over 650 stations and employs approximately 2,000 paid and 12,000 volunteer firefighters across New Zealand [3] Contract Details - The initial contract period is five years, with provisions for renewal extending up to twelve years [2] - The contract is estimated to include the delivery of 1,600 to 2,000 ensembles annually [2] - Decontamination services are aimed at removing harmful carcinogens, thereby improving firefighter safety [2] Company Background - Lakeland Fire + Safety manufactures a comprehensive line of protective clothing for various industries, including firefighting and healthcare [5] - The company sells its products globally, with a significant presence in over 50 countries, including China, Canada, and New Zealand [5] - Lakeland serves a diverse customer base, including government agencies, industrial sectors, and first responders [5]

Core Points - Lakeland Industries, Inc. has secured a contract renewal with Fire and Emergency New Zealand (FENZ) for up to 12 years, extending a partnership that has lasted over 22 years [1][4] - The contract includes the supply of the latest generation KIWI 2.0 L2 structural fire ensembles and decontamination services, with an estimated annual delivery of 1,600 to 2,000 ensembles [2][4] - FENZ is responsible for a wide range of fire and emergency services across New Zealand, overseeing over 650 stations and comprising approximately 14,000 firefighters [3] Company Overview - Lakeland Fire + Safety manufactures protective clothing for various industries, including healthcare and first responders, and sells products globally through a network of distributors [5] - The company serves a diverse range of end users, including governmental agencies, industrial sectors, and international markets, with sales in over 50 countries [5]

Core Points - Lakeland Industries, Inc. declared a cash dividend of $0.03 per share for its fiscal first quarter of 2026, to be paid on February 24, 2025, to stockholders of record as of February 17, 2025 [1] Company Overview - Lakeland Fire + Safety is a global manufacturer of protective clothing and apparel for various sectors including industry, healthcare, and first responders [2] - The company sells a comprehensive line of fire services and industrial protective clothing and accessories through in-house sales teams and authorized independent sales representatives [2] - Lakeland's products are distributed to a wide range of end users, including sectors such as oil, chemical, automotive, transportation, and government agencies [2] - The company operates internationally, selling to over 50 countries, with significant markets in China, the European Economic Community, Canada, and several Latin American and Asian countries [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 0-15535 LAKELAND INDUSTRIES, INC. (Exact name of Registrant as specified in its charter) (State o ...

Financial Data and Key Metrics Changes - Net sales for Q3 2025 increased by 45% to $45.8 million compared to $31.7 million in Q3 2024, with organic revenue comprising 70% of total sales and 25% from recent acquisitions [11][15][16] - Gross profit rose by 39% to $18.6 million, driven by strong revenue growth and organic margin improvement, although gross margin as a percentage of net sales decreased to 40.6% from 42.2% year-over-year [11][17] - Operating expenses increased by 82.5% to $17.7 million, leading to an operating profit of $800,000, down from $3.6 million in Q3 2024, resulting in operating margins of 1.8% compared to 11.4% [18] - Net income was $1 million or $0.01 per diluted share, down from $2.6 million or $0.34 per diluted share in Q3 2024 [18] - Adjusted EBITDA excluding FX for Q3 2025 was $4.7 million, an increase of 4.9% compared to $4.5 million in Q3 2024 [19] Business Line Data and Key Metrics Changes - Fire Services segment saw a significant increase in sales, with a 245% year-over-year growth, contributing to a total of $13.7 million in revenue [10][25] - Industrial product lines grew by 1.1% year-over-year, led by chemical products and high-performance wear, while high-visibility products decreased by 33% [25] - Disposables accounted for 27% of revenue, Fire products for 42%, and chemical products for 11% [26] Market Data and Key Metrics Changes - Domestic sales were $15.4 million (34% of total revenues), while international sales were $30.4 million (66% of total revenues), indicating a shift from the previous year where domestic sales were 48% of total [16] - LATAM operations experienced a 20% increase in sales year-over-year, now representing 11% of total sales [22] - European revenue grew by 350% to $14.4 million, driven by acquisitions and strong sales in the region [24] Company Strategy and Development Direction - The company aims to leverage its leading market position in fire protection and pursue acquisitions in the fragmented fire industry to accelerate growth in the $2 billion fire protection sector [6][7] - Long-term strategy focuses on growing both Fire Services and industrial PPE verticals while maintaining operational efficiencies to achieve higher margins [6] - The management team is confident in the growth strategy and expanding market opportunities, reaffirming guidance for fiscal year 2025 revenue of at least $165 million and adjusted EBITDA of at least $18 million [13][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high-single-digit organic growth, supported by strong sales in Fire Services and a rebound in U.S. sales [31] - The company anticipates significant releases of profit in inventory in Q4, which will positively impact margins and EBITDA [45] - Management highlighted the importance of addressing the multi-year backlog from acquisitions and expects to ship 80% to 90% of it in Q4 [58] Other Important Information - The company ended the quarter with cash and cash equivalents of approximately $15.8 million and long-term debt of $31.1 million, reflecting a strategic inventory buildup for anticipated sales [27] - Capital expenditures for the nine months ended October 31, 2024, were $1.5 million, primarily for manufacturing equipment [29] Q&A Session Summary Question: Concerns about achieving revenue guidance and EBITDA - Management acknowledged the need for either exceeding revenue guidance or significantly improving margins to meet EBITDA expectations, citing inventory adjustments and profit releases in Q4 [41][45] Question: Transitioning with Line Drive agreement - Management reported improved performance and growing pipeline with Line Drive, indicating positive momentum [50] Question: Multi-year backlog from acquisitions - Management expects to ship 80% to 90% of the multi-year backlog in Q4, with significant ramp-up in production and inventory management [58] Question: Opportunities in services and geographic reach - Management is actively pursuing service opportunities, particularly in LATAM, and sees it as a growth area for the future [64]

Lakeland Industries (LAKE) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -97.50%. A quarter ago, it was expected that this safety garments manufacturer would post earnings of $0.42 per share when it actually produced a loss of $0.19, delivering a surprise of -145.24%.Over the last f ...

EX-99.1 2 lake_ex991.htm PRESS RELEASE EXHIBIT 99.1 Lakeland Industries Reports Fiscal Year 2025 Third Quarter Financial Results Net Sales Increased 45% to a Record $45.8 Million Led by a 245% Increase in Fire Services Products Gross Profit Increased 39% to $18.6 Million Due to Strong Organic Revenue Growth and Organic Margin Improvement Reiterates Expectations for FY 2025 Revenue of at Least $165 Million and Adjusted EBITDA Excluding FX of at Least $18 million Management to Host Conference Call Today at 4: ...