AI Earnings Predictions for Lakeland Industries Inc. (LAKE)

EX-99.1

2 lake-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Lakeland Fire + Safety Reports Fiscal Second Quarter 2027 Results

Q2 FY27 Net Sales of $50.1 Million; Fire Increased 12% Sequentially

Adjusted EBITDA Excluding FX More Than Doubled Sequentially to $2.7 Million

Tender Momentum Building Across Global Fire Portfolio

Year-to-Date Operating Cash Flow Improved $15.1 Million Year Over Year to $5.4 Million; Inventory Down $15.3 Million

Management to Host Conference Call Today at 4:30 p.m. Eastern Time

HUNTSVILLE, AL – September 9, 2026 - Lakeland Industries, Inc. (“Lakeland Fire + Safety” or “Lakeland”) (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, has reported its financial and operational results for its fiscal second quarter ended July 31, 2026.

Key FY 2027 Second Quarter Financial and Operational Highlights

Q2 Comparison

1H Comparison

($ in millions)

FY

Q2'27

FY

Q2’26

$ Change YoY

% Change YoY

1H

FY2027

1H

FY2026

$ Change YoY

% Change YoY

Net Sales

$

50.1

$

52.5

$

(2.4

)

(4.5%)

$

97.6

$

99.2

$

(1.7

)

(1.7%)

Gross Profit

$

18.5

$

18.8

$

(0.3

)

(1.5%)

$

33.4

$

34.5

$

(1.0

)

(3.0%)

Gross Margin

37.0

%

35.9

%

—

114 BPS

34.3

%

34.8

%

—

(46) BPS

Net (loss) income

$

(4.9

)

$

0.8

$

(5.7

)

—

$

(4.6

)

$

(3.1

)

$

(1.4

)

(44.9%)

Adjusted EBITDA(1)

$

1.4

$

5.0

$

(3.6

)

(72.8%)

$

1.8

$

4.8

$

(3.0

)

(62.5%)

Adjusted EBITDA ex. FX(1)

$

2.7

$

5.1

$

(2.4

)

(47.1%)

$

3.8

$

5.7

$

(1.9

)

(33.3%)

Q2’27

Q1’27

$ Change QoQ

% Change QoQ

Adjusted Gross Margin(1)

37.7

%

33.6

%

—

410 BPS

(1)Adjusted EBITDA, Adjusted EBITDA excluding FX, and Adjusted gross margin are non-GAAP financial measures. Reconciliations are provided in the tables of this press release.

Management Commentary

“Our second quarter results provide further evidence that the underlying business is improving,” said Jim Jenkins, President and Chief Executive Officer. “We are seeing momentum in Fire, continued expansion of our Fire Services platform and improving performance across several parts of Industrial. Just as importantly, we are becoming increasingly focused on where we want to invest, where we need to improve and where we need to simplify the business.

“Fire remains at the center of our growth strategy. We have built a differentiated head-to-toe product portfolio, and we are increasingly complementing those Products with Services. We believe bringing Products and Services together strengthens our customer relationships, creates recurring revenue opportunities and gives us a platform that can support sustainable growth over time. We are accelerating our investment in Fire Services, but we are going to do so with discipline. Our priority is to build density in attractive markets, generate appropriate returns on the capital we deploy, and create a Service network that strengthens the broader Fire business. We will continue to evaluate greenfield opportunities and small strategic acquisitions, but improving and growing our existing businesses remains our first priority.

“We are taking a much more deliberate approach to the portfolio. Businesses that are performing and where we see attractive opportunities for growth will receive our capital and management attention. Where returns have not met our expectations, we are taking action on leadership, cost structure and, where appropriate, our level of investment. Our objective is a simpler company with better operating leverage, stronger returns on invested capital, and a greater concentration of resources behind our best opportunities.

“Our priorities from here are straightforward: execute better, improve margins and operating leverage, reduce complexity, and convert more of our earnings into cash. We have made progress, but we are not satisfied with where we are today. We believe the actions underway across the portfolio, combined with the momentum we are seeing in Fire Products and Fire Services, can produce a more consistent, profitable and higher-return business. That is where our attention is focused,” Jenkins concluded.

Fiscal 2027 Second Quarter and Subsequent Operational Highlights

• Secured multiple tender and contract awards across 9 countries globally, spanning Fire, disaster response, law enforcement, industrial and utility markets. These included notifications of an intended award across multiple product categories under the UK National Fire Chiefs Council National Firefighter PPE Framework, with a total potential value of up to £220 million over seven years across all awarded suppliers, as well as significant contract wins across Asia-Pacific and Latin America.

• Expanded the Company’s certified Fire Products portfolio, including UL certification of the Wildland Glove to the NFPA 1950 (1977), 2025 edition standard for wildland and urban interface firefighting hand protection, while con

EX-99.1

2 lake-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Lakeland Fire + Safety Reports Fiscal First Quarter 2027 Results

Q1 FY27 Net Sales of $47.4 Million; Fire Services Grew 11%

Certified Fire Portfolio Drives Customer Strong Interest and Tender Activity

Service Platform Builds Recurring Revenue Momentum

Industrial Business Stabilizing as Channel Activity in Several Regions Improves

Positioned for Stronger Second Half Margin and Revenue Conversion

Continuing Momentum for FY2027 Revenue Growth and Operating Cash Flow Targets and Positioned for Stronger Second Half of the Year

Management to Host Conference Call Today at 4:30 p.m. Eastern Time

HUNTSVILLE, AL – June 9, 2026 - Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, has reported its financial and operational results for its fiscal first quarter ended April 30, 2026.

Key FY 2027 First Quarter Financial and Operational Highlights

Q1 Comparison

Q1’27

Q1’26

$ Change YoY

$ Change YoY

Net Sales

$

47.4

$

46.7

$

0.7

1.4

%

Gross Profit

$

14.9

$

15.6

$

(0.8

)

-4.9

%

Net income (loss)

$

0.4

$

(3.9

)

$

4.3

0.0

%

Adjusted EBITDA(1)

$

0.3

$

(0.2

)

$

0.5

—

Adjusted EBITDA ex. FX(1)

$

1.1

$

0.6

$

0.5

79.6

%

Q1’27

Q4’26

$ Change QoQ

% Change QoQ

Adjusted Gross Margin(1)

33.6

%

33.5

%

—

10 BPS

(1)Adjusted EBITDA, Adjusted EBITDA excluding FX, and Adjusted gross margin are non-GAAP financial measures. Reconciliations are provided in the tables of this press release.

Management Commentary

“Our first quarter results reflect continued progress across several important areas of the business as we position Lakeland Fire + Safety for stronger performance through the balance of fiscal 2027,” said Jim Jenkins, President and Chief Executive Officer. “Net sales for the quarter were $47.4 million, supported by 11% growth in Fire Services. Adjusted EBITDA excluding FX came in at $1.1 million and adjusted gross margin increased modestly on a sequential basis to 33.6%, compared to 33.5% in Q4 FY26. While we continue to manage certain timing, mix, certification transition, and operational execution items, we are focused on converting visible revenue opportunities into improved profitability as the year progresses.

“Demand across our Fire Services platform remains encouraging. Our NFPA 1970:2025 certified head-to-toe fire portfolio was showcased at both FDIC 2026 and Interschutz, where customer engagement, tender activity, and sales opportunities were strong. We believe the breadth of our certified portfolio — including turnout gear, boots, gloves, hoods, and helmets — provides a meaningful competitive advantage as fire departments and distributors increasingly look for complete, reliable solutions from a global provider.

“Our Service platform also continues to build momentum as an important recurring revenue and customer retention opportunity. Our Independent Service Provider, or ISP, platform provides inspection, cleaning, repair, rental, decontamination, and related services for fire departments and other safety customers. Through this platform, we are deepening customer relationships, creating additional touchpoints with fire departments, and building a recurring service model that can support higher-margin revenue over time. We continue to believe Service can become an increasingly important differentiator for Lakeland Fire + Safety, not only as a revenue contributor, but as a way to strengthen retention, cross-selling, and long-term customer value.

“As part of this strategy, we expect to open another Independent Service Provider location in Denver, Colorado, and we are expanding our Arizona PPE facility in Phoenix to support continued growth in the western United States. We have also added a CO2 machine in Fresno, California, to enhance our decontamination capabilities and broaden the services we can provide to fire departments and first responders. The addition of CO2 decontamination capability further differentiates our service platform and strengthens our position as a full-service fire safety partner. Unlike traditional wash-only service models, integrating CO2 cleaning allows us to offer a more advanced decontamination solution designed to help remove harmful contaminants from turnout gear and related PPE while supporting faster turnaround, improved garment care, and broader customer service options. In addition, we are actively pursuing certain small, strategic M&A candidates in attractive and growing geographies within the United States, where we believe we can expand our service footprint, strengthen customer relationships, and build a more durable recurring revenue platform. We also continue to evaluate greenfield opportunities in select markets where customer demand, geographic coverage, and service density support the creation of new Lakeland Fire

EX-99.1

2 lake-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Lakeland Fire + Safety Reports Fiscal Fourth Quarter and Full Year 2026 Financial Results

Q4 FY26 Net Sales of $45.8 Million; FY26 Net Sales Increased 15% to $192.6 Million Driven by 49% Growth in Fire Services

Delivers Operating Cash Flow in Q4 FY26, Demonstrating Improved Operating Discipline

Completed Divestiture of HPFR and HiViz Product Lines for Approximately $14 Million in Cash Proceeds in March 2026

Received All NFPA 1970 Certifications for Head-to-Toe Fire Portfolio Enabling Customers to Commence Purchase Orders

New Certified Products and Expanded PPE Options to be Showcased at FDIC 2026 in April

Company Repositioning with New Leadership Enhances Operating Discipline and Visibility to Support More Consistent Margins, Inventory Efficiency, and Cash Flow in FY2027

Targets High Single-Digit Revenue Growth & Positive Cash Flow from Operations in FY 2027

Management to Host Conference Call Today at 4:30 p.m. Eastern Time

HUNTSVILLE, AL – April 16, 2026 - Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, has reported its financial and operational results for its fiscal fourth quarter and year ended January 31, 2026.

Key Fiscal FY 2026 Fourth Quarter Financial and Operational Highlights

Q4 Comparison

FY Comparison

($ in millions)

Q4’26

Q4’25

$ Change YoY

% Change YoY

FY 2026

FY 2025

$ Change YoY

% Change YoY

Net Sales

$

45.8

$

46.6

$

(0.8

)

(1.7%)

$

192.6

$

167.2

$

25.4

15.2

%

Gross Profit

$

14.7

$

18.7

$

(4.0

)

(21.2%)

$

63.3

$

68.7

$

(5.3

)

(7.8%)

Gross Margin

32.2

%

40.1

%

—

(794)BPS

32.9

%

41.1

%

—

(820)BPS

Net Loss

$

(6.2

)

$

(18.4

)

$

12.2

66.3

%

$

(25.3

)

$

(18.1

)

$

(7.2

)

(40.0%)

Adjusted EBITDA

$

0.8

$

5.1

$

(4.3

)

(83.6%)

$

5.0

$

15.0

$

(10.0

)

(66.7%)

Adjusted EBITDA ex. FX(1)

$

1.3

$

6.1

$

(4.8

)

(78.3%)

$

7.2

$

17.4

$

(10.2

)

(58.5%)

(1) Adjusted EBITDA and Adjusted EBITDA excluding FX are non-GAAP financial measures. Reconciliations are provided in the tables of this press release.

Management Commentary

“While our fourth quarter results reflect the continued impact of cost volatility and a challenging operating environment, we believe they do not fully reflect the actions taken during fiscal 2026 to simplify the business, reduce costs, and strengthen operating discipline across Lakeland” said Jim Jenkins, President and Chief Executive Officer. “Results during the quarter reflected inflationary cost pressures, tariff impacts, and later period demand softness, conditions that reinforced the importance of our ongoing focus on cost control, planning discipline and inventory management. Even in that environment, we generated an approximately $1.8 million improvement in cash flows from operations and approximately $1.3 million in Adjusted EBITDA excluding FX. Delivering that level of cash generation and EBITDA on lower revenue than the third quarter reflects improved discipline across the organization, stronger cost control, and better day-to-day operating execution.

“I also want to recognize the work of our team, whose efforts helped to drive meaningful improvement in the quarter. Subsequent to year end, we successfully completed the divestiture of the HPFR and HiViz product lines, generating approximately $14 million in cash proceeds, simplifying the business, and further strengthening our capital position. This transaction reduces operational complexity, strengthens liquidity and allows us to concentrate resources more directly on our core Fire Services and industrial protective products businesses.

“Stepping back to the full year, fiscal 2026 was characterized by solid demand across our core markets alongside a volatile cost environment and a deliberate focus on cost reduction and simplification. Revenue increased approximately 15% to $192.6 million, supported by continued momentum in Fire Services. While revenue increased during the year, earnings were pressured as we prioritized expense actions, inventory discipline, and structural simplification amid these conditions. We do not view that as a demand issue, but as a reflection of cost headwinds, mix, and the timing of benefits from actions taken during the year.

“As we move into fiscal 2027, we are encouraged that these issues are actively being addressed, and that we are already seeing signs of progress. Inventory is down approximately $5.3 million since October, reflecting improved inventory alignment and tighter controls across sourcing and production. We are removing costs across logistics and operations, strengthening accountability, and putting a tighter structure around sales and production planning. Operating cadence and planning discipline improved during the latter part of fiscal 2026, reducing reactive de