Lakeland Industries Inc
F:LLI

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Lakeland Industries Inc Logo
Lakeland Industries Inc
F:LLI
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Price: 8.55 EUR -6.56% Market Closed
Market Cap: €63.1m

Lakeland Industries Inc
Investor Relations

Lakeland Industries makes protective clothing and other personal protective equipment for workers who face hazards on the job. Its products include coveralls, gloves, high-visibility apparel, and fire and rescue gear that help shield people from chemicals, heat, flames, and dirty or dangerous work environments. The company sells mainly to industrial companies, emergency responders, utilities, and government buyers. Lakeland makes money by selling these safety products through distributors and direct to end customers. Its business depends on repeat demand for replacement gear, site-specific safety needs, and rules that require workers to wear certified protective equipment. Because these items are designed to protect people rather than serve as general workwear, buyers care a lot about product standards, fit, durability, and reliability. What makes Lakeland’s role distinct is that it sits in the safety supply chain as a specialist manufacturer, not a broad clothing brand. It focuses on technical garments that have to meet strict performance requirements, especially in industrial and emergency-response settings. That gives the company a place in a market where product quality and compliance matter more than fashion or style.

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Last Earnings Call
Fiscal Period
Q1 2027
Call Date
Jun 9, 2026
AI Summary
Q1 2027

Revenue: Lakeland reported first-quarter net sales of $47.4 million, up 1.4% year over year, with Fire Services growing 11% and offsetting weakness in parts of the industrial business.

Profitability: Net income improved to about $0.4 million, or $0.04 per share, from a loss of $3.9 million a year ago, while adjusted EBITDA excluding FX rose to $1.1 million from $0.6 million.

Fire momentum: Management said demand for certified fire products is strong, backlog has reached historic levels, and tender activity at FDIC and Interschutz was encouraging.

Margin pressure: Gross margin was 33.6%, down from 35.2% last year, but management said the pressure came from timing, certification transition costs, inventory build, and startup expenses rather than structural issues.

Service growth: The ISP decontamination and cleaning business is growing quickly, running at roughly $4 million to $5 million per quarter, with new locations and CO2 capabilities expected to expand the platform.

Full-year outlook: The company reiterated expectations for high single-digit revenue growth and positive cash flow from operations in fiscal 2027, with margin improvement expected to become more visible in the back half of the year.

Key Financials
Net sales
$47.4 million
Fire Services revenue
$23.4 million
Net income
$0.4 million
Earnings per share
$0.04
Adjusted EBITDA
$1.1 million
Adjusted EBITDA margin
2.3%
Adjusted gross margin
33.6%
Adjusted operating expenses
$14.8 million
Cash and cash equivalents
$17.4 million
Working capital
approximately $92.4 million
Revolver borrowings
$23.8 million
Available credit
$16.2 million
Operating cash flow
$5.8 million
Inventory
$77.7 million
Trailing 12-month revenue
$193.3 million
Trailing 12-month adjusted EBITDA
$7.7 million
HPFR and HiViz sale proceeds
approximately $14 million
HPFR and HiViz net proceeds
$11.4 million
HPFR and HiViz gain
$6.5 million
ISP revenue run rate
$4 million to $5 million per quarter
New site build-out cost
$350,000 to $500,000
U.K. framework value
GBP 220 million over a seven-year term
Margin pressure items
approximately 330 basis points
Earnings Call Recording
Other Earnings Calls

Management

Mr. James M. Jenkins J.D.
President, CEO & Executive Chairman
No Bio Available
Mr. Roger D. Shannon C.F.A., CPA
CFO & Company Secretary
No Bio Available
Ms. Hui An
Chief Operating Officer
No Bio Available
Mr. Cameron Stokes
Global Vice President of Sales
No Bio Available
Ms. Laurel Yartz
Chief Human Resources Officer
No Bio Available
Mr. Daniel L Edwards
Senior Vice President of Global Business Development
No Bio Available
Mr. Barry Phillips
Chief Revenue Officer
No Bio Available

Contacts

Address
ALABAMA
Huntsville
1525 Perimeter Parkway, Suite 325
Contacts
+18006459291.0
www.lakeland.com
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