Lakeland Industries Reports Q1'26 Net Sales Surge 29% to $46.7M, Net Loss of $3.9M

Reuters
06-10
Lakeland Industries Reports Q1'26 Net Sales Surge 29% to $46.7M, Net Loss of $3.9M

Lakeland Industries Inc. reported a significant increase in net sales for the fiscal first quarter of 2026, achieving a record $46.7 million, which represents a 29% rise compared to the previous year. This growth was primarily driven by a 100% increase in sales of Fire Services Products, which constituted 45% of the total revenue. U.S. net sales rose by 42% to $22.5 million, while European net sales saw a remarkable increase of 102%, reaching $12.1 million. The company recorded a net loss of $3.9 million for the quarter, contrasting with a net income of $1.7 million in the same period of 2024. Despite the challenges posed by tariff uncertainties and the strategies implemented to mitigate these, Lakeland Industries maintains its previously issued guidance for fiscal year 2026, expecting revenue and adjusted EBITDA, excluding foreign exchange impacts, to remain within the projected range. The improving global tariff environment and the reduction in mitigation strategies are expected to enhance the company's gross margin and adjusted EBITDA in the subsequent quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lakeland Industries Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9465647-en) on June 09, 2025, and is solely responsible for the information contained therein.

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