Lakeland Industries Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to 25 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.
The per-share result swung to a profit from the prior-year loss of 14 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.9 million, compared with a loss of $849,490 in the year-earlier period.
The normalized profit margin climbed to 14.9% from negative 3.8% in the year-earlier period.
Total revenue rose 19.4% year over year to $26.5 million from $22.2 million, and total operating expenses rose year over year to $23.3 million from $22.6 million.
Reported net income totaled $11.3 million, or $1.51 per share, compared to a loss of $1.6 million, or a loss of 27 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled 35 cents per share, compared with a loss of 33 cents per share in the prior year.
Normalized net income was $2.2 million, compared with a loss of $1.9 million in the prior year.
Full-year total revenue increased 9.1% year over year to $99.7 million from $91.4 million, and total operating expenses increased on an annual basis to $93.6 million from $91.7 million.
The company said reported net income came to $8.4 million, or $1.33 per share, in the full year, compared with a loss of $113,790, or a loss of 2 cents per share, the prior year.