Earnings summaries and quarterly performance for LAKELAND INDUSTRIES.
Executive leadership at LAKELAND INDUSTRIES.
James M. Jenkins
Detailed
President, Chief Executive Officer and Executive Chairman
CEO
Barry Phillips
Detailed
Chief Revenue Officer - Fire
Cameron S. Stokes
Detailed
Chief Commercial Officer – Global Industrials
Hui (Helena) An
Detailed
Chief Operating Officer
Laurel A. Yartz
Detailed
Chief Human Resources Officer
Roger D. Shannon
Detailed
Chief Financial Officer and Secretary
Board of directors at LAKELAND INDUSTRIES.
Research analysts who have asked questions during LAKELAND INDUSTRIES earnings calls.
Matthew Galinko
Maxim Group
4 questions for LAKE
Also covers: ADEA, ALMU, ARBE +12 more
Michael Shlisky
D.A. Davidson
4 questions for LAKE
Also covers: ALG, BLBD, CENN +19 more
Gerard J. Sweeney
ROTH Capital Partners, LLC
3 questions for LAKE
Mark Eric Smith
Lake Street Capital Markets
3 questions for LAKE
Mark Smith
Lake Street Capital Markets, LLC
3 questions for LAKE
Also covers: AOUT, CDRE, CLAR +13 more
Gerard Sweeney
ROTH Capital
2 questions for LAKE
Also covers: ALNT, ARQ, AVO +15 more
Gerry Sweeney
Roth Capital Partners, LLC
2 questions for LAKE
Also covers: AZZ, BOOM, CECO +6 more
Mike Shlisky
D.A. Davidson
2 questions for LAKE
Also covers: BLBD, OSK, SHYF
Recent press releases and 8-K filings for LAKE.
Lakeland Industries Reports Q3 2026 Results with Revenue Growth but Significant Profitability Decline
LAKE
Earnings
Guidance Update
Dividends
- Lakeland Industries reported net sales of $47.6 million for Q3 2026, a 4% year-over-year increase, but saw a significant decline in profitability with adjusted EBITDA (excluding FX) of $0.2 million, a 95% decrease compared to the prior year, and a net loss of $16 million or $1.64 per diluted share.
- The decrease in profitability was largely due to a drop in adjusted gross profit margin to 31.3% from 41.7% in Q3 2025, impacted by lower acquired company gross margins, increased material and freight costs, tariffs, and revenue shortfalls.
- The company has withdrawn its formal guidance due to forecasting challenges and has suspended its quarterly cash dividend to manage cash prudently.
- Despite challenges, Lakeland anticipates high single-digit revenue growth and targets 10%-12% adjusted EBITDA margins over the next three quarters, supported by ongoing integration of acquisitions, inventory optimization, and cost reduction initiatives.
5 days ago
Lakeland Reports Q3 2026 Financial Results with Increased Sales but Significant Profitability Decline
LAKE
Earnings
Guidance Update
Demand Weakening
- Lakeland reported a 4% increase in net sales to $47.6 million for Q3 2026, but profitability significantly declined, with Adjusted EBITDA excluding FX decreasing 95% to $0.2 million and a net loss of $16.0 million. Adjusted Gross Margin also fell to 31.3% from 41.7% in the prior year period.
- The company attributed the profitability decline to tariff uncertainty, inflation, rising supply-chain costs, and softened demand in several Industrial channels. Despite this, Lakeland completed approximately $9.8 million in acquisitions and secured a $5.6 million contract with the Hong Kong Fire Services Department.
- Due to the uncertain environment, Lakeland has removed its financial guidance. Calven Swinea has been appointed as Interim CFO, effective January 1, 2026.
5 days ago
Lakeland Reports Q3 2026 Net Sales Growth Amidst Significant EBITDA Decline
LAKE
Earnings
Guidance Update
Demand Weakening
- Lakeland Fire and Safety reported net sales of $47.6 million for Q3 2026, a 4% year-over-year increase, primarily driven by a 31% increase in fire services products.
- Adjusted EBITDA (excluding FX) significantly decreased to $200,000, representing a 95% year-over-year decline and a 96% sequential decrease, attributed to lower gross margins from increased material and freight costs, tariffs, and revenue shortfalls.
- The company posted a net loss of $16 million, or $1.64 per basic and diluted EPS, for Q3 2026, compared to a net income in the prior year period.
- Lakeland has suspended its quarterly cash dividend to reinvest profits into growth opportunities and is implementing an additional $1.3 million in cost reductions for the fourth quarter.
- The company maintains a robust pipeline of $178 million, including $38 million in high-probability opportunities expected in FY27, and targets high single-digit revenue growth and 10%-12% adjusted EBITDA margins over the next three quarters.
5 days ago
Lakeland Industries Reports Q3 2026 Results with Revenue Growth Amidst Profitability Challenges
LAKE
Earnings
Profit Warning
Demand Weakening
- Lakeland Industries reported net sales of $47.6 million for its fiscal 2026 third quarter ended October 31, 2025, representing a 4% year-over-year increase, primarily driven by a 31% increase in fire services products.
- The company experienced a significant decline in profitability, with adjusted EBITDA (excluding FX) of $0.2 million, a 95% decrease compared to $4.7 million in the comparable year-ago period, and a net loss of $16 million, or $1.64 per basic and diluted earnings per share.
- Profitability was negatively impacted by lower acquired company gross margins, increased material and freight costs, tariffs, and extended certification cycles and tender timelines. Additionally, industrial demand softened across several channels, leading to distributors reducing inventory and customers deferring purchases.
- Despite withdrawing formal guidance, Lakeland anticipates high single-digit revenue growth across global operations over the next three quarters and is targeting 10%-12% adjusted EBITDA margins with incremental growth during the same period, aiming for 15%-17% adjusted EBITDA margins over the next three years.
- The company is implementing an additional $1.3 million of cost reductions for the fourth quarter and is targeting a $6 million inventory reduction by year-end.
5 days ago
Lakeland Industries Reports Q3 2026 Financial Results, Suspends Dividend, and Announces CFO Change
LAKE
Earnings
CFO Change
Dividends
- Lakeland Fire + Safety reported net sales of $47.6 million for Q3 2026, a 4% increase year-over-year, primarily driven by a 31% increase in Fire Services products.
- The company recorded a significant decline in profitability, reporting a net loss of $16.0 million and diluted EPS of ($1.64) for Q3 2026, compared to net income of $0.1 million and diluted EPS of $0.01 in Q3 2025. Adjusted EBITDA excluding FX decreased 95% to $0.2 million.
- Due to an uncertain environment, Lakeland is withdrawing its financial guidance for FY2026 and will not provide guidance going forward.
- The Board announced the suspension of the quarterly cash dividend on its common stock, effective December 9, 2025.
- Roger D. Shannon's employment as CFO will terminate on December 31, 2025, with J. Calven Swinea appointed Interim CFO effective January 1, 2026.
5 days ago
Lakeland Industries Reports Fiscal Third Quarter 2026 Results
LAKE
Earnings
Guidance Update
M&A
- Lakeland Industries reported net sales of $47.6 million for the fiscal third quarter ended October 31, 2025, an increase of 4.0% year-over-year.
- The company posted a net loss of $16.0 million, or ($1.64) per diluted share, for Q3 FY2026, compared to net income of $0.1 million, or $0.01 per diluted share, in the prior year period, partly due to a $13.7 million income tax expense.
- Gross profit decreased by 23.9% to $14.1 million, with gross margin declining to 29.7%, impacted by higher manufacturing costs, tariffs, and freight.
- Revenue growth was driven by a 31% increase in Fire Services products to $25.3 million, now comprising 53% of total revenue, and the company completed strategic acquisitions to expand its fire footprint.
- Lakeland Industries has withdrawn its financial guidance for FY2026 due to macroeconomic factors and forecasting challenges.
5 days ago
Lakeland Industries Completes Acquisitions of Arizona PPE Recon and California PPE Recon
LAKE
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Lakeland Industries (NASDAQ: LAKE) announced the completion of its acquisitions of Arizona PPE Recon, Inc. and California PPE Recon, Inc. on September 15, 2025.
- The Arizona PPE acquisition was an all-cash transaction valued at approximately $4 million, and the California PPE acquisition was for $5.5 million, paid in a combination of approximately $3.4 million in Company stock and $2.1 million in cash.
- These acquisitions are expected to add approximately $5 million of annual recurring revenue and expand Lakeland's global fire footprint into the U.S. Personal Protective Equipment (PPE) decontamination, repair, and rental markets.
Sep 15, 2025, 9:21 PM
Lakeland Industries Completes Acquisitions of Arizona PPE and California PPE
LAKE
M&A
New Projects/Investments
- Lakeland Industries (NASDAQ: LAKE) announced on September 15, 2025, the completion of its acquisitions of Arizona PPE Recon, Inc. and California PPE Recon, Inc..
- These acquisitions are strategic, expanding Lakeland’s global fire footprint into the U.S. personal protective equipment (PPE) decontamination, repair, and rental markets.
- The Arizona PPE acquisition was an all-cash transaction valued at approximately $4 million.
- The California PPE acquisition had a $5.5 million purchase price, paid with approximately $3.4 million in Company stock and $2.1 million in cash.
- In aggregate, these acquisitions are expected to generate approximately $5 million of annual recurring revenue.
Sep 15, 2025, 8:01 PM
Lakeland Industries Subsidiary Awarded $5.6 Million Contract by Hong Kong Fire Services Department
LAKE
New Projects/Investments
Revenue Acceleration/Inflection
- Lakeland Industries' subsidiary, Lakeland LHD, has been awarded an approximately USD $5.6 million three-year contract by the Hong Kong Fire Services Department (HKFSD).
- The contract, running through 2028, involves providing advanced decontamination, managed care, and maintenance services for an estimated 14,500 firefighter ensembles each year.
- This award reinforces Lakeland's strong presence in the Asia Pacific market, following a 36% increase in net sales to $52.5 million in fiscal second quarter 2026, driven by a 113% increase in fire services products.
Sep 15, 2025, 12:31 PM
Lakeland Industries Completes Sale of Decatur Warehouse
LAKE
New Projects/Investments
- Lakeland Industries, Inc. completed the sale of its Decatur, Alabama warehouse property for $6.1 million, less customary commissions and closing expenses, on August 27, 2025.
- This sale is part of the company's operational consolidation strategy, aimed at enhancing efficiency and reducing costs, and provides a meaningful cash infusion for its balance sheet.
- Combined with other initiatives, these actions are expected to generate annual savings of approximately $1 million for the remainder of fiscal year 2026, with an additional $3 million in annualized savings anticipated in the second half of fiscal 2026.
- The company has a short-term leaseback on one of the warehouses and is actively searching for a new, more strategically located facility.
Aug 27, 2025, 12:31 PM
Quarterly earnings call transcripts for LAKELAND INDUSTRIES.
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