Tranche Update on Lakeland Industries, Inc.'s Equity Buyback Plan announced on April 13, 2022.
June 08, 2023 at 02:46 am IST
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From February 1, 2023 to April 30, 2023, the company has repurchased 22,814 shares, representing 0.31% for $0.28 million. With this, the company has completed the repurchase of 364,195 shares, representing 4.81% for $4.92 million under the buyback announced on April 13, 2022.
Lakeland Industries, Inc. manufactures and sells a line of industrial protective clothing and accessories for the industrial and public protective clothing market. Its product categories include firefighter protective apparel and accessories, high-end chemical protective suits, limited use/disposable protective clothing, durable woven garments, high visibility clothing and gloves and sleeves. Its products are sold globally by its in-house sales teams, its customer service group, and authorized independent sales representatives to a network of over 2,000 safety and industrial supply distributors. Its authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical and high technology electronics manufacturers and scientific, medical laboratories and the utilities industry. It offers structural firefighting, wildland firefighting and technical rescue helmets.