Lakeland Industries Inc. said its normalized net income for the fiscal first quarter ended April 30 amounted to 26 cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.
EPS increased year over year from 4 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.9 million, a gain from $235,630 in the prior-year period.
The normalized profit margin increased to 7.7% from 1.1% in the year-earlier period.
Total revenue climbed 14.1% on an annual basis to $24.8 million from $21.8 million, and total operating expenses grew year over year to $21.6 million from $20.9 million.
Reported net income grew from the prior-year period to $2.2 million, or 30 cents per share, from $355,390, or 6 cents per share.