Lakeland Industries Reports 36% Increase in <a href="https://laohu8.com/S/QTWO">Q2</a> Net Sales to $52.5 Million, Achieves Positive Net Income of $0.8 Million
Lakeland Industries Inc., a leading global manufacturer of protective clothing, reported its fiscal second quarter 2026 financial results, highlighting a record net sales increase of 36% to $52.5 million. This growth was driven by a significant 113% rise in revenue from Fire Services products, which now account for 49% of the company's total revenue. In regional performance, U.S. net sales surged 78% to $22.1 million, while European net sales soared by 113% to reach $15.1 million. The company's gross margin improved sequentially by 240 basis points to 35.9%. Lakeland Industries reported a positive net income of $0.8 million for the quarter, marking a turnaround from a previous loss, and an adjusted EBITDA excluding foreign exchange (FX) impacts of $5.1 million. Looking ahead, the company updated its guidance for fiscal year 2026, expecting adjusted EBITDA, excluding any material negative impact from foreign exchange, to range between $20 million and $24 million.
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: GNW9526252-en) on September 09, 2025, and is solely responsible for the information contained therein.
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