Lakeland Industries, Inc. (Nasdaq:LAKE) is a manufacturer of safety garments and accessories for the industrial and public protective clothing market. Its products are sold globally through a direct sales force and independent sales representatives to a variety of end-users, including integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and homeland security. It has a strong reputation for quality and safety, as well as its ability to quickly respond to customer needs with customized products.
Comps: Alpha Pro Tech, Ltd. (NYSE:APT), Manitex International, Inc. (Nasdaq:MNTX)
When looking at other manufacturers, Lakeland Industries showed better earnings per share and yield. Moreover, its price-to-earnings ratio, debt-to-equity, profit margin, return-on-equity, and net income outpaced that of Manitex International. While it functions on low margins, it is healthy financially relative to its peers.