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.
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | James M. Jenkins CEO | XBER Exchange | US5117951062 ISIN |
| US Country | 2,050 Employees | 17 Nov 2025 Last Dividend | 31 Jul 2006 Last Split | 9 Sep 1986 IPO Date |
Lakeland Industries, Inc., founded in 1982 and based in Huntsville, Alabama, operates globally in the industrial and public protective clothing market. The company specializes in the manufacture and sale of a wide range of protective apparel and accessories designed to safeguard workers and other individuals in various hazardous and demanding environments. These environments range from high-temperature firefighting situations to chemical, biological, and electrical hazards across industries such as petrochemical, pharmaceutical, construction, and utilities, to name a few. Lakeland caters to a diverse clientele, including industrial users, governmental agencies, and departments through a network of safety and industrial supply distributors. Distribution is managed by its in-house sales teams, customer service group, and independent sales representatives, ensuring that its innovative and quality protective solutions reach a wide audience.