Lakeland Bancorp Investor Conference Presentation Deck
Fiscal 2024 First Quarter Highlights
Q1-FY24 Highlights
• Net sales of $28.7 million and gross margin of 43.4%
High-value, strategic product line growth, led by a 103% increase
in Fire
Revenue
●
Gross Margin
Adjusted EBITDA
Adjusted EBITDA Margin
●
●
2025-27 Targets
Mid-to high single digit revenue growth in core markets
Growth above market by 200-300 bps/year
Adjusted EBITDA margins in the high teens
●
$28.7 million
●
Lakeland
43.4%
$2.8 million
9.6%
• Strive for gross margin in the low 40's
Continued strong free cash flow generation
Strong operating leverage to revenue growth
Q1-FY24 Revenue
GEOGRAPHY
PRODUCT LINE
11%
14%
12%
7%
19%
15%
43%
13%
4%
19%
43%
■ USA
■ Asia
■ Other N.A.
Europe
Latin America
Other Foreign
■ Disposables
■ Chemical
FR/AR
Performance
Fire
High-Visibility
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