Lakeland Industries, Inc. reported a sharp revenue and margin decline in 3Q26, triggering a 40% stock drop. LAKE's profitability evaporated due to lower sales, especially in fire equipment and industrials, and high fixed costs. Management expects high single-digit revenue growth and 10–12% adjusted EBITDA margins over the next three quarters.
Lakeland Industries (LAKE) suffered a >40% share price drop after Q3 FY2026 results missed expectations and management withdrew guidance. Revenue growth was solely acquisition-driven; organic sales declined, and profitability collapsed, with EPS swinging from $0.01 to -$1.64 year-over-year. Management cites transitory macro and operational headwinds, but the absence of guidance and negative cash flow heighten uncertainty and risk.
Lakeland Industries (LAKE) came out with a quarterly loss of $0.7 per share versus the Zacks Consensus Estimate of $0.17. This compares to earnings of $0.01 per share a year ago.
Lakeland Industries, Inc. (LAKE) Q3 2026 Earnings Call Transcript
Lakeland Industries, Inc. showed its first organic growth in over a year, but sustainability of this trend remains uncertain given lumpy fire sales. Despite aggressive acquisitions, profit growth has lagged, with gross margins falling and adjusted EBITDA heavily reliant on adjustments. The company's net debt continues to rise as cash is funneled into M&A, raising concerns about leverage and future profitability.
Lakeland Industries, Inc. (NASDAQ:LAKE ) Q2 2026 Earnings Call September 9, 2025 4:30 PM EDT Company Participants James Jenkins - President, CEO & Executive Chairman Roger Shannon - CFO & Company Secretary Conference Call Participants Michael Shlisky - D.A. Davidson & Co., Research Division Mark Smith - Lake Street Capital Markets, LLC, Research Division Gerard Sweeney - ROTH Capital Partners, LLC, Research Division Presentation Operator Good day, and welcome to the Lakeland Fire and Safety Fiscal Second Quarter 2026 Financial Results Conference Call.
Lakeland Industries (LAKE) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to a loss of $0.19 per share a year ago.
Lakeland's Q1 results showed weak organic growth (2% vs. 10% guidance) and significant margin deterioration, raising concerns about execution post-acquisitions. Acquisitions drove 30% revenue growth but failed to deliver gross profit gains or margin leverage, undermining the investment thesis for the strategy. Operating expenses surged nearly 50%, leading to operating and EBITDA losses; only the Asia segment was profitable, highlighting the urgent need for efficiency.
LAKE posts Q1 loss despite 28.7% sales growth, hit by rising costs and shrinking gross margins.
Lakeland Industries, Inc. (NASDAQ:LAKE ) Q1 2026 Earnings Conference Call June 9, 2025 4:30 PM ET Company Participants James M. Jenkins - President, CEO & Executive Chairman Roger D.
Lakeland Industries, Inc. (NASDAQ:LAKE ) Q4 2025 Earnings Conference Call April 9, 2025 4:30 PM ET Company Participants Jim Jenkins - President, Chief Executive Officer & Executive Chairman Roger Shannon - Chief Financial Officer & Secretary Conference Call Participants Mike Shlisky - D.A. Davidson Gerry Sweeney - ROTH Capital Partners Mark Smith - Lake Street Capital Matthew Galinko - Maxim Group Operator Good day, and welcome to the Lakeland Fire and Safety Fiscal 2025 Fourth Quarter and Full Year Financial Results Conference Call.
Lakeland Industries (LAKE) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of $0.43. This compares to earnings of $0.22 per share a year ago.