Lakeland Industries, Inc. (NASDAQ:LAKE) Q3 2024 Results Conference Call December 7, 2023 12:00 PM ET

Company Participants

Jim Jenkins - Executive Chairman

Roger Shannon - CFO

Conference Call Participants

Gerry Sweeney - ROTH Capital

Operator

Good day, and welcome to the Lakeland Industries Fiscal 2024 Third Quarter Financial Results Conference Call. [Operator Instructions]. During today's call, we will 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 adjusted EBITDA and adjusted EBITDA margin. 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' Executive Chairman, Jim Jenkins, Mr. Jenkins, the floor is yours.

Jim Jenkins

Thank you, operator. Good morning, and thank you all for joining us for our third quarter fiscal 2024 earnings call. I would like to begin today's call by thanking and celebrating our Lakeland team members across the company with our commitment to delivering our strategic initiatives during the quarter. These efforts have helped drive revenue growth in key strategic markets, execute a continued shift in our revenue profile towards higher-value products and carry out our small, strategic and quick, or SSQ, acquisition strategy.

As we enter the next chapter for Lakeland, I know I can speak for myself, our executive team and the Board when I say that we are excited about the company's future supported by the strength and depth of our organization and leadership teams.

Before turning to our third quarter results, I'd like to provide a brief update on our ongoing CEO search. The Board is following a very thorough vetting and selection process and engaging executive recruiter has preliminarily identified a few candidates. We're eager to find the right leader, but we will be methodical and deliberate as we seek a candidate who will continue to drive our business strategy and culture. Lakeland has a solid foundation in place with an exciting runway for growth, and the Board and I look forward to sharing more with you as the search process evolves.