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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
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Colombia/Ecuador: Gran Tierra Energy provides operations and financial update
13 Apr 2021
Increased Current Average Production to 28,930 BOPD, Highest Since February 2020
Increased Acordionero Field Current Average Production1 to 16,400 BOPD, Highest Since September 2019
Reaffirms 2021 Full-Year Production Guidance of 28,000-30,000 BOPD
Gran Tierra Energy has announced an operations and financial update. All dollar amounts are in United States dollars and all production volumes are on a working interest before royalties ( WI ) basis and are expressed in barrels ( bbl ) of oil per day ( bopd ), unless otherwise stated.
Key Highlights:
(1) Approximate average production over the period from March 28, 2021 to April 10, 2021
2021 Production Guidance: Based on the Company s significant progress in increasing production during and subsequent to the first quarter of 2021, Gran Tierra reaffirms its 2021 full-year production guidance of 28,000-30,000 bopd
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