Lakeland Industries (NASDAQ: LAKE) reported Q3 EPS of $0.20, versus $0.05 reported last year. Revenue for the quarter came in at $25.09 million, versus $22.8 million reported last year.

Ebola-related sales were only shipped beginning in October; the full impact of the Ebola sales will not be reflected until Q4.

Christopher J. Ryan, President and Chief Executive Officer of Lakeland Industries, stated, "On a consolidated basis for Lakeland's growing global operations, the strategies that have been implemented and the favorable trends we had begun to experience in prior quarters have continued to be realized in our most recently completed quarter and are now even more pronounced, particularly in key areas of our operating performance and financial metrics.

"Driven by increases in domestic and foreign demand, consolidated sales in the third quarter grew by 10% as compared with last year. Sales increases primarily reflect the growth being experienced by Lakeland with its traditional customers. For the second consecutive quarter, our gross margin as a percentage of sales set another Company record. While we increase spending in most of international operations to accommodate future growth and market share attainment, management is presently planning a major restructuring for Brazil as more fully disclosed in our Form 10-Q. In Brazil, for the third consecutive quarter, operating losses declined by approximately 70% as compared with prior year periods and our consolidated operating profit improved to $0.7 million in the third quarter of fiscal 2015, up from a loss of $1 million in the prior year period.

"The positive momentum in cash flow generated from our consolidated operations along with the net proceeds of the equity offering completed in October 2014 enabled us to increase our cash balance at the end of the quarter by 14% while reducing our debt by approximately 50% since the end of the fiscal second quarter. We remain encouraged by the global growth trends and our strengthening operational and financial condition which should enable us to drive improved profitability from the leverage in our business.

"Furthermore and as previously disclosed, Lakeland has experienced a significant increase in order activity from demand relating to the Ebola crisis. The main impact from Ebola-related orders will begin to be realized in our fiscal 2015 fourth quarter ended January 31, 2015. To the extent that this demand continues, we will be able to drive incremental leverage and profits beyond the improvements as reported in our third quarter."

For earnings history and earnings-related data on Lakeland Industries (LAKE) click here.