Lakeland Industries, Inc. Reports Fiscal 2022 First Quarter Financial Results
Margins Remain Strong, and Cash Balances Improve
DECATUR, AL / ACCESSWIRE / June 9, 2021 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and to first responders on the federal, state and local levels, today announced financial results for its fiscal 2022 first quarter ended April 30, 2021.
Fiscal 2022 First Quarter Financial Results Highlights
Net sales for 1Q22 of $34.1 million, compared with 1Q21 of $45.6 million and $36.9 million in 4Q21
COVID-19 demand contributed sales of approximately $4.4 million in 1Q22
Traditional industrial economic growth strengthening as COVID-19 related sales decline; international markets continue to outpace domestic growth