Safety garment maker Lakeland Industries Inc., of Ronkonkoma, broke through to profitability in its most recent quarter, the company reports.
For the quarter ending April 30, Lakeland had $1.16 million income on revenue of $25.75 million. That’s up from a loss of $1.34 million on revenue of $25.36 million in the year-ago quarter.
Earnings per share increased to $0.22 for the quarter, up from a loss of $0.25 a share in the comparable 2010 quarter.
Lakeland’s high-performance uniforms and gloves, sold worldwide, are used in heavy industry, government agencies, firefighting, hospitals and other settings.
The company’s financial results would have been even better if not for the lingering effects of the Gulf of Mexico oil spill – the petroleum industry’s stall meant Lakeland sold fewer products in the United States., the company said.
However international sales made up for the domestic sales slump, especially in Brazil, Russia, India and China.
International sales increased 13.4 percent in the quarter. And international sales made up 42.9 percent of total sales, compared to 38.4 percent in the year-ago quarter.
The slump in sales in the U.S. affected Lakeland’s manufacturing division in China -- which exports its goods to the U.S., the company said. “External sales from China were flat with the year ago period due in large part to a decline in direct container shipments to the U.S. resulting from high stock levels at larger customers in the U.S. after the Gulf of Mexico oil spill,” Lakeland said.