The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gerry Sweeney - Roth MKM - Analyst
: Hey, good afternoon, Jim and Roger. Thanks for taking my call. First of all, I'm going to apologize for any noise in the background, there's some
work being done. But with that being said, Jim, congratulations on becoming CEO and over the course of your interim term, you've also helped
Sandfire has some degree of disposable, will say balance the product mix, cross, Lakeland, the LineDrive seems interesting made acquisitions.
So there's a lot going on all good at Lakeland, but I'm just curious of maybe what you look at as maybe your major milestones over the next maybe
two, three or even four quarters with all this going on internally at Lakeland?
Question: Gerry Sweeney - Roth MKM - Analyst
: I would never have guessed that you're in Hong Kong, so good connection and you sound great, but Got it. That's helpful. Maybe we can touch
upon LineDrive, I spoke with you about it early in May when you first initiated or announced the agreement, but it certainly seems like an interesting
way of adding additional marketing capacity and growth to the organization.
And maybe you could just give a brief highlight, if my memory serves correct, LineDrive ads have maybe some depth or ability to open the right
doors, the right people in the right order to really drive some additional growth. But just curious if maybe you can give a little bit of an update on
that or even some background and where it's gone.
Question: Gerry Sweeney - Roth MKM - Analyst
: Got it. And then maybe (multiple speakers)
Question: Gerry Sweeney - Roth MKM - Analyst
: Got it. Maybe one more question, and this may be might -- so I apologize. It may be more for Roger, but I know as you highlighted on operating
margins down slightly year over year. Obviously, there's some noise in there. I think there was some legal costs and you mentioned something
else. But where does that go from here?
I mean, we can -- I certainly understand ex-ing out the legal costs, but I'm just curious if there's a little bit more fine tuning at some of the acquisitions
that drive up costs or everything is aligned, you just grow into some of those costs that you have acquired?
Question: Gerry Sweeney - Roth MKM - Analyst
: Okay, perfect. I'll jump back in queue. I don't want to monopolize it. So thank you, guys and safe travels.
Question: Matthew Galinko - Maxim Group LLC - Analyst
: Hey good afternoon or I guess good morning, depending on where you are. Thanks for taking my questions. So I did notice that it was, I think, the
first quarter of year over year disposables growth in a while.
So I wanted -- I was hoping you could maybe comment on that a little bit more on this topic to you're kind of working on and kind of shoring up
go-to-market there, or was there just something anomalous in the quarter and then generally, how should we think about disposal trajectory
moving through this year? And what's sort of implied in your organic expectations for this year?
Question: Matthew Galinko - Maxim Group LLC - Analyst
: Got it. Thank you. And I guess just a follow up on the guidance. I know you're not going to get too granular, but I think you mentioned around a
9% organic growth rate for the rest of the year. I think it was maybe around 11% this in the first quarter. But I'm just curious or particularly around
fire in what's a reasonable organic growth rate we should be thinking about for this year?
Question: Matthew Galinko - Maxim Group LLC - Analyst
: Yes, fair, fair points. And I appreciate that maybe final question for me and then I'll jump back in the queue. Anything else you could add on for
investors regarding the LHD acquisition and the timing should we be confident that kind of the final hurdles are relatively surmountable? Or should
we be thinking of it as something that could slip further out of the first half? How should we be framing that?
Question: Matthew Galinko - Maxim Group LLC - Analyst
: Terrific. Thank you.
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