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.
DA Davidson analyst Michael Shlisky initiated coverage on Lakeland Industries Inc. LAKE on Wednesday, with a price target of $28.
Strategic Acquisition Expands Lakeland's Global Fire Services Portfolio with Veridian's Leading Firefighter Protective Apparel Offering Additional Annual Revenue of Approximately $21 Million Further Builds Upon Lakeland's 245% Third Quarter Year-over-Year Growth in Fire Services Products HUNTSVILLE, AL / ACCESSWIRE / December 16, 2024 / Lakeland Fire + Safety (NASDAQ:LAKE), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, announced today the successful completion of its acquisition of U.S.-based Veridian in an all-cash transaction valued at approximately $25 million subject to post-closing adjustments and customary holdback provisions. The acquisition was financed under Lakeland's revolving credit facility with Bank of America.
LAKE's fiscal third-quarter 2025 revenues increase 44.5% year over year, supported by strength across its international operations.
Lakeland Industries Inc. (NASDAQ:LAKE ) Q3 2025 Earnings Conference Call December 5, 2024 4:30 PM ET Company Participants Jim Jenkins - President, Chief Executive Officer and Executive Chairman Roger Shannon - Chief Financial Officer and Secretary Conference Call Participants Gerry Sweeney - ROTH Capital Matthew Galinko - Maxim Operator Good day, and welcome to the Lakeland Industries' Fiscal 2025 Third Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode and the floor will be open for your questions and comments following the presentation.