Lakeland Industries Inc (NASDAQ:LAKE) stock fell 10.19% (As on April 10, 11:34:31 AM UTC-4, Source: Google Finance) after the company LAKE in the fourth quarter of FY25 has reported the adjusted loss per share of $2.42, widening from $0.13 loss a year ago. The company had reported the adjusted revenue growth of 49 percent to $46.6 million in the fourth quarter of FY25, beating the analysts’ estimates for revenue of $46.5 million. This is driven by a 226% increase in Fire Services and 12% growth in Disposables.

Moreover, organic gross margin increased by 1,270 margin points to 48.5% for the fourth quarter of fiscal 2025, compared to 35.8% for the fourth quarter of fiscal 2024, driven by continued strength in U.S. industrial and Fire Services businesses and an expected reduction of Profit in Ending Inventory. Sales of the Fire Services product line were $21.2 million for the fourth quarter of fiscal 2025, an increase of $14.7 million or 226% compared to $6.5 million for the fourth quarter of fiscal 2024. Fire segment as a percentage of revenue grew to 46%. U.S. revenue was $18.3 million for the fourth quarter of fiscal 2025, an increase of $5.6 million or 44.1% compared to $12.7 million for the fourth quarter of fiscal 2024. Europe revenue, including Eagle, Jolly and LHD, was $14.5 million for the fourth quarter of fiscal 2025, an increase of $10.8 million or 292% compared to $3.7 million for the fourth quarter of fiscal 2024. LATAM revenue was $4.0 million for the fourth quarter of fiscal 2025, a decrease of $0.3 million or 7% compared to $4.3 million for the fourth quarter of fiscal 2024. Asia revenue was $3.6 million for the fourth quarter of fiscal 2025, a decrease of $0.4 million or 10.0% compared to $4.0 million for the fourth quarter of fiscal 2024.

Furthermore, gross profit for the fourth quarter of fiscal 2025 was $18.7 million, an increase of $7.5 million, or 67.0%, compared to $11.2 million for the fourth quarter of fiscal 2024. Adjusted EBITDA excluding FX (2) for the fourth quarter of fiscal year 2025 was $6.1 million, an increase of $2.7 million, or 79.4%, compared with $3.4 million for the fourth quarter of fiscal 2024. cash and cash equivalents were $17.5 million on January 31, 2025, and working capital was approximately $101.6 million.

For fiscal 2026, the company expects revenue of $210 million to $220 million. Analysts polled by FactSet expected $204.2 million.