XXXX We joined to the appreciate results Financial and Lakeland's Allen afternoon. join second Dillard. Chief conference financial time I'm you call. by taking today quarter good Thank our fiscal here you Officer,
you'll fiscal again earnings tenets our on second to quarter our quarter results. improvements our conference we shared five-year progress last And as expense and delivered today. We many financial our in growth of points of addressed as are see controls the performance sustainable be management objectives cash call. our the in plan Lakeland's XXXX basic on reported remarks margin, proving have
is business in when last quarter the of second the recent global COVID-XX more in being the encountered performance more and outbreaks. significant waves considering impressive unpredictable year Our global the wake pandemic of challenges
noted the in of as We perceived recovery distributors, fiscal strength order year industrial believe initial the magnified delays, activity an users markets that additional in now lead orders the by leading ‘XX, extending In we place to surged. of times, U.S. recovery was and end freight QX industry the
of the inventory arrive that and and in wave of hospitalizations As excess U.S. throughout was created as draw will these of move an channels. we down delayed this QX within We distribution QX rates subsequent high shipments forward. of inventory year U.S. believe the COVID-XX 'XX. fiscal the current the
sales we driver. believe persistent driver sales least year, as for coming not of we will will growth the that some believe at been. level our do has that continue replace it industrial that the will going that significant to And forward it it primary While sales COVID-XX at be
overstocked U.S. primarily market, traditional second increasing industrial growth strengthening satisfied with have being quarter, industrial of the During the channel economic domestic witnessed by we demand outside inventory.
driven benefited in Asia. have million of the from $X.X second revenues of sales Southeast Our approximately year fiscal our and COVID-XX international diversification related from 'XX quarter demand also by from
revenue the XX% fiscal in from 'XX Our of fiscal market, the by year falling sales is XX% quarter U.S. as to the first second attributable entirely consolidated evidenced revenue sales 'XX. of almost quarter to shortfall in U.S. of year
accounts. distribution with overstocking within of orders, not evidence collectively but logistics challenges, significant U.S. seen have channels, in postponement We of resulted which along of loss
business strong very headwinds, and our conditions indicators favorable. normalized these for are Despite remains performance
delivering manufacturing teams a to strategy. prior QX proud our as the challenge, periods. We're maintain profitability to revenue from of as 'XX and sales risen year margins say first declined both our that the year to XX.X% expected ability quarter gross fiscal the gross and margin Our to key even is have
Ocean to see form States. materials in pressures freight raw the coming of rates are inflationary likely beginning primarily we year are inflated price increases, in for to the remain the United and
will We year. actions or increases recover take to continue throughout as did the to we these last mitigate
In the in Southeast being chemical fiscal second quarter demand of garments by demand year shifted 'XX, disposable our is COVID facilities. significant our garments addressed to This manufacturing of and for China Asia.
to down new of Asia or While None offset sales the been global have in have revenue staffing been global impacted by connection our international shut the materially able reduced with issues the partially demand the U.S. growing, was our in facilities pandemic.
to For our health their value lines efforts keep to and to our in dedication this, people and safe. guidelines, workplace and team the recognize for adherence constituencies supply and related global of want our we members open,
when its COVID-XX business continue the both improvements like and hide create cannot anomalies conditions opportunities is challenges. organizational made. by to the that fundamental Yet operational and generated value
include initiatives to critical plan strengthening team, a markets. addressable our new As margin investing supporting our planning and by capacity focusing and and led centric the leadership profit the discussed, on our data of enhancement previously development in elements higher expansion, of product approach
and identical these of elements spots for fire, high is and over sales. growth glove product Among levels profitability second All quarter, initiatives, pre-COVID product into increasing on came significantly our top-line our during play lines. wear, our performance development nearly bright
had sales the is year of and fiscal to disposables the garments given fiscal 'XX This products those could protecting chemical very the sales the somewhat is COVID-XX. electricity these or in in for performance demand High unique the PPE in as a power quarter and 'XX bill product hold. Second for HPW and interesting newest lines product U.S. become to lines, our increased over infrastructure line already exposed marketplace, lines. quarter design purpose one materials used shifted of wear new which and when year second the takes garment
last sequentially Lakeland second is that from up The quarter. were first the of COVID-XX nearly year, is sector product back XX% and industrial HPW Quarterly in strong this revenues about indeed doubling benefiting first million and the $X from categories that time fiscal exceeded depressed for for quarter coming year resurgence. from by were while
Among made global most of investments Vietnam the culture. in part as and new structure. been tariff weeks operating provided China of staff, our insight demand our at costs to to have plan, our other have new actions the been to production in from This ushering and additions as directed executive of optimized identifying matter taken a capacity in shift team
our under time, the as inorganically after At operating global growth strategy. the as organically expenses that to expand of in same as further additions million quarter $X us layering will well enable for remained overall part
expenses the managing of our from than flow. maximizing the quarter. cash is Cash just over end of X are and and our million the first lower We year, modestly up the beginning
Through XXXX, operating any years of of COVID-XX our the our the and enhanced to operations. resiliency performance for the our three is fiscal of first million than greater XXXX. income income sustainable demonstrates operating in improvements This our X.X prior the of further fiscal year half full impact
of the more related need governments and demand levels behind us, look the and PPE majority the of greater well for positioned well demand is expansion Lakeland sector our the industrial While and is stand as as the traditional around of we COVID-XX recognizing outside in private capitalize benefiting we're protection pleased of world to specialized forward this on from to marketplace. spotlight the COVID. to new
distributors revenues. each this more related accounted the sales. for demand the quarters impacts non-COVID to are two amounts sales are year, sales COVID-related smaller, becoming increasingly as XX% dispersed, distinguish fiscal difficult the In It response to were COVID XXXX, of negatively industrial approximately fiscal to COVID. is often XX% COVID of of all and and we XX% first For estimate consolidated of of local
we India of in for of market we and sales drove customers a the improvement our outbreaks to brought as decline demand in demand, meaningful Southeast and by Outside of outside industrial many been as Asia simultaneously potential up experiencing resulting XXX can. other see while China on areas new lockdowns during that quarantines. seek retain pandemic have of industrial COVID as develop in we the penetration,
prioritization data new volatility, the quarter, have 'XX and fiscal sustainability of to first our of our of half customer performance. encouraging COVID demand financial quarter Similar demonstrated going year, and the in retention, operations, second development of customer the this we the light at First in of resiliency forward. which even necessitates end is
our in productivity, pursuing. IT improvements planning drive processes, and by These investments the efficiencies, and that systems in are and with Continued along now of ongoing we to expected our organic opportunities inorganic aspects increased are be spend profitability. complemented growth R&D growth should business
beginning PPE masked, now XXXX until business our our due our supply more improvement performance the formidable of has transformation now. chain are in the shareholders, magnitude implementation our respected plan the And our believe progress improvements. customer plan attributed much to of our pandemic, the was to but far even because initiated market. Our are and our performance to pandemic of We been partners, we in leader competitors see and the global now and base, target of
pass my now provide That the remarks. concludes the insight results. financial call to company's more to I'll into Allen
