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Lakeland Industries Expects Fiscal 2025 Revenue Of $140M-$150M Vs. $138.9M Consensus; Sees Adjusted EBITDA In Range Of $16.8M-$18.5M

Benzinga ·  Apr 11 03:14

FY 2025 Guidance and Outlook
This initial guidance is based on our current backlog of orders and current expectations. These metrics constitute forward-looking statements and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these metrics, see "'Safe Harbor' Statement Under the Private Securities Litigation Reform Act of 1995" below.

  • Revenue - We expect FY25 Revenue in the range of $140 million to $150 million. This Revenue expectation includes the recently announced Jolly Scarpe and Pacific Helmets acquisitions but does not include the LHD fire and rescue business, which we expect to close in late May 2024.
  • Adjusted EBITDA - We expect FY25 Adjusted EBITDA, excluding any material negative impact from foreign exchange, to be in the range of $16.8 million to $18.5 million(1). This Adjusted EBITDA expectation includes the recently announced Jolly Scarpe and Pacific Helmets acquisitions but does not include the LHD fire and rescue business, which we expect to close in late May 2024.
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