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Lakeland Industries settles Monterrey lease dispute
3+ day, 9+ hour ago (428+ words) Lakeland Industries has settled a dispute over its Monterrey, Mexico facility lease, terminating the agreement and ending litigation. The resolution removes remaining lease obligations and legal costs, with financial terms undisclosed. A $3.6 million non-cash impairment charge was recorded in the…...
Lakeland Q2 EPS misses, wins £220m UK fire tender
3+ day, 8+ hour ago (376+ words) The results reflect a strategic shift toward its higher-growth Fire segment, which now accounts for over half of total revenue. Management emphasized that the underlying business is improving despite headwinds from currency fluctuations and one-time charges impacting GAAP profitability. GAAP…...