Lakeland Industries, Inc. (NASDAQ:LAKE) Q1 2024 Earnings Conference Call June 8, 2023 8:30 AM ET
Company Participants
Charlie Roberson - Chief Executive Officer
Roger Shannon - Chief Financial Officer
Conference Call Participants
Alex Fuhrman - Craig-Hallum Capital Group
Operator
Good day, and welcome to the Lakeland Industries Fiscal 2024 First Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode. And the floor will be opened for your questions and comments following the presentation.
During today's call, we may make statements relating to our goals and objectives for future operations, financial and business trends, business prospects and management's expectations for future performance that constitute forward-looking statements under federal securities laws. Any such forward-looking statements reflect management's expectations based upon currently available information and are not guarantees of future performance and involve certain risks and uncertainties that are more fully described in our SEC filings.
Our actual results, performance or achievements may differ materially from those expressed in or implied by such forward-looking statements. We undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this call.
During today's call, we will discuss financial measures derived from our financial statements that are not determined in accordance with U.S. GAAP, including EBITDA and adjusted EBITDA. A reconciliation of each of the non-GAAP measures discussed on this call to the most directly comparable GAAP measure is presented in our earnings release.
At this time, I would like to introduce you to your host for this call, Lakeland Industries' Chief Executive Officer, Charlie Roberson. Mr. Roberson, the floor is yours.
Charlie Roberson
Thank you, Jenny. Good morning and thank you all for joining. I'd like to begin by pointing out that in addition to the press release, yesterday, we also posted a Q1 investor deck on the Investors Section of our website, and while we will not speak directly to it on this call, we do invite you to access it and follow along.
We're pleased with our fiscal first quarter results as Lakeland delivered net sales of $28.7 million, up 5.2% year-over-year, while our net sales for the quarter included $2 million from our acquisition of Eagle Technical Products this past December, Lakeland also delivered organic growth in targeted geographic markets and product lines. Of note, our fire and flame resistant, arc resistant performance product category saw a significant year-over-year growth of 103% and 55% respectively.