The earnings call highlighted strong revenue growth and successful acquisition integration, contributing to significant increases in net sales and adjusted EBITDA. However, challenges included decreased gross margins due to increased material costs and tariffs, as well as reduced sales in Latin America due to tariff uncertainties. The company is focused on operational efficiencies and cost reductions to sustain growth.

Company Guidance

During the Lakeland Fire and Safety Fiscal Second Quarter 2026 Financial Results Conference Call, the company reported record net sales of $52.5 million, marking a 36% year-over-year increase. The growth was largely driven by a 113% increase in fire service products and strategic acquisitions. In the U.S., net sales grew by 78% year-over-year to $22.1 million, while European sales saw a 113% increase to $15.1 million. Adjusted EBITDA, excluding FX, rose to $5.1 million, an 89% increase from the previous year's $2.7 million. Despite challenges from tariffs and increased material costs impacting margins, the company achieved an adjusted gross profit margin of 37.4%. International sales accounted for 58% of total revenues, with domestic sales making up the remaining 42%. The company is focused on maintaining a strong acquisition pipeline and expects continued growth in its fire services and industrial verticals, anticipating adjusted EBITDA for fiscal year 2026 to be within the $20 million to $24 million range, with revenue at the lower end of the $210 to $220 million range.

Record Net Sales

Achieved record net sales of $52.5 million, representing a 36% year-over-year increase, driven by a 113% increase in fire service products and recent acquisition momentum.

Strong Regional Performance

US net sales increased 78% year-over-year to $22.1 million, and European net sales increased 113% year-over-year to $15.1 million.

Adjusted EBITDA Growth

Adjusted EBITDA, excluding FX, was $5.1 million, an increase of $2.4 million or 89% compared with the year-ago period.

Operational Initiatives

Facility closures and sale of Decatur facility expected to streamline operations and generate annual savings of $1 million, with additional initiatives anticipated to yield $3 million in annualized savings.

Acquisition Strategy

Recent acquisitions contributed to increased revenue, with a strong acquisition pipeline and expected activity in the second half of the year.

Inclusion in Russell Indexes

Inclusion in the Russell Broad market 3,000 index and 2,000 index due to expanding market capitalization is a significant milestone.

Lakeland Industries (LAKE) Earnings, Revenues Date & History

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LAKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 04, 2025	2026 (Q3)	0.26 / -	0.069	―	―	―
Sep 09, 2025	2026 (Q2)	0.08 / 0.49	-0.132	473.48% (+0.63)
Jun 09, 2025	2026 (Q1)	0.19 / -0.41	0.246	-266.67% (-0.66)
Apr 09, 2025	2025 (Q4)	0.38 / -2.47	-0.13	-1800.00% (-2.34)
Dec 05, 2024	2025 (Q3)	0.18 / 0.07	0.34	-79.71% (-0.27)
Sep 04, 2024	2025 (Q2)	0.35 / -0.13	0.33	-140.00% (-0.46)
Jun 04, 2024	2025 (Q1)	0.31 / 0.25	0.18	36.67% (+0.07)
Apr 11, 2024	2024 (Q4)	0.30 / -0.13	0.02	-750.00% (-0.15)	―
Dec 06, 2023	2024 (Q3)	0.27 / 0.34	0.19	78.95% (+0.15)
Sep 06, 2023	2024 (Q2)	0.23 / 0.33	0.14	135.71% (+0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LAKE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 09, 2025	$14.44	$13.80	-4.43%
Jun 09, 2025	$19.32	$15.04	-22.15%
Apr 09, 2025	$18.28	$15.66	-14.33%
Dec 05, 2024	$22.49	$22.85	+1.60%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.