Lakeland Industries, Inc. (LAKE)
NASDAQ:LAKE
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Lakeland Industries
(NASDAQ:LAKE)
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Rating:45Neutral
Price Target:
$9.50
▲(10.47% Upside)
Action:ReiteratedDate:02/24/26
The score is held down primarily by weak profitability and negative operating/free cash flow, reinforced by earnings-call risks (sharp EBITDA/margin deterioration and guidance withdrawal). Technicals are broadly neutral with a weak longer-term trend, while valuation remains challenged due to losses; recent leadership/board changes provide only a modest offset.
Positive Factors
Large Tender Pipeline & Backlog
A $178M global tender pipeline with $38M high-probability opportunities provides durable revenue visibility across regions. Large tenders and backlog reduce sales volatility, support multi-quarter demand, and allow scale benefits as execution improves, underpinning medium-term growth prospects.
Negative Factors
Margin Compression & Negative Profitability
Sustained margin decline and negative EBIT/net margins signal structural profitability issues. Rising input, freight and tariff pressures plus lower acquired-company margins have compressed gross margins, making operating leverage weaker and requiring sustained cost or pricing fixes to restore durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Large Tender Pipeline & Backlog
A $178M global tender pipeline with $38M high-probability opportunities provides durable revenue visibility across regions. Large tenders and backlog reduce sales volatility, support multi-quarter demand, and allow scale benefits as execution improves, underpinning medium-term growth prospects.
Read all positive factors
Lakeland Industries (LAKE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$76.49M
Dividend Yield1.35%
Average Volume (3M)89.94K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue Growth27.42%
EPS Growth-5275.12%
CountryUS
Employees2,050
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-1.64
Shares Outstanding9,806,128
10 Day Avg. Volume96,321
30 Day Avg. Volume89,935
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.17
Price to Sales (P/S)1.03
P/FCF Ratio-9.89
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue0.58
Enterprise Value/Gross Profit1.66
Enterprise Value/Ebitda-3.73
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.46
Revenue Forecast (FY)$212.84M
Lakeland Industries Business Overview & Revenue Model
Company Description
Lakeland Industries, Inc. manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory...
How the Company Makes Money
Lakeland Industries generates revenue primarily through the sale of its protective apparel and safety products. The company's revenue model is based on direct sales to end-users, distributors, and retailers, providing a diverse customer base. Key ...
Lakeland Industries Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyLakeland Industries Earnings Call Summary
Earnings Call Date:Dec 09, 2025
(Q3-2026)
| % Change Since: |
Next Earnings Date:Apr 09, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture. While there were positive developments such as revenue growth in fire services and strategic acquisitions, significant challenges were evident in the form of decreased EBITDA, gross margin decline, and macroeconomic challenges in key regions. The withdrawal of formal guidance and suspension of dividends further added to the negative aspects.Positive Updates
Revenue Growth in Fire Services
Net sales achieved $47.6 million, representing a 4% year-over-year increase, driven by a 31% increase in fire services products.
Negative Updates
Significant Decrease in Adjusted EBITDA
Adjusted EBITDA, excluding FX, was $200,000, a decrease of 95% compared with $4.7 million for the comparable year-ago period.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Growth in Fire Services
Net sales achieved $47.6 million, representing a 4% year-over-year increase, driven by a 31% increase in fire services products.
Read all positive updates
Company Guidance
During Lakeland Fire and Safety's third-quarter fiscal 2026 conference call, management provided guidance on several key metrics, highlighting a mixed performance amidst challenging conditions. Net sales grew by 4% year-over-year to $47.6 million, with a significant 31% increase in fire services products, while U.S. sales rose by 25% to $15.2 million. Despite this growth, adjusted EBITDA, excluding FX, fell dramatically by 95% to $200,000, reflecting a sequential decrease of 96%. Adjusted gross profit as a percentage of net sales dropped to 31.3%, down from 41.7% a year ago, due to lower margins from acquired companies, increased material and freight costs, and tariffs. The company also initiated a $6.1 million sale and leaseback of a warehouse to strengthen its balance sheet. Inventory levels were reduced to $87.9 million from $90.2 million in the previous quarter. Despite these challenges, Lakeland remains optimistic about future growth, citing a robust pipeline of $178 million in global tender opportunities, with $38 million considered high probability. The company is focusing on improving operational efficiencies and inventory management while navigating macroeconomic headwinds, and plans to achieve 10-12% adjusted EBITDA margins over the next three quarters. However, due to recent underperformance and forecasting issues, Lakeland has decided to withdraw its formal guidance, shifting to a more disciplined operating model focused on execution and cash generation.Lakeland Industries Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 193.46M | 167.21M | 124.69M | 112.85M | 118.39M | 159.00M |
| Gross Profit | 67.29M | 68.67M | 51.19M | 45.85M | 50.91M | 79.25M |
| EBITDA | -29.90M | -13.39M | 11.52M | 7.01M | 18.04M | 45.90M |
| Net Income | -37.54M | -18.07M | 5.42M | 1.87M | 11.37M | 35.33M |
Balance Sheet | ||||||
| Total Assets | 220.72M | 212.53M | 153.75M | 142.94M | 140.79M | 139.93M |
| Cash, Cash Equivalents and Short-Term Investments | 17.19M | 17.48M | 25.22M | 24.64M | 52.72M | 52.60M |
| Total Debt | 52.21M | 31.65M | 12.31M | 5.24M | 4.92M | 2.38M |
| Total Liabilities | 86.23M | 65.91M | 30.30M | 22.95M | 15.69M | 17.01M |
| Stockholders Equity | 134.48M | 146.63M | 123.45M | 119.99M | 125.10M | 122.92M |
Cash Flow | ||||||
| Free Cash Flow | -15.77M | -17.42M | 8.84M | -7.44M | 11.98M | 39.00M |
| Operating Cash Flow | -16.14M | -15.88M | 10.91M | -5.45M | 12.78M | 40.67M |
| Investing Cash Flow | -23.65M | -47.74M | -5.12M | -14.77M | -3.58M | -1.66M |
| Financing Cash Flow | 46.73M | 56.59M | -3.45M | -5.88M | -9.80M | -1.28M |
Lakeland Industries Technical Analysis
Negative
8.60
Price Trends
9.08
Negative
10.69
Negative
12.74
Negative
Market Momentum
-0.40
Positive
32.32
Neutral
31.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAKE, the sentiment is Negative. The current price of 8.6 is above the 20-day moving average (MA) of 8.49, below the 50-day MA of 9.08, and below the 200-day MA of 12.74, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 32.32 is Neutral, neither overbought nor oversold. The STOCH value of 31.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LAKE.
Lakeland Industries Risk Analysis
Lakeland Industries disclosed 27 risk factors in its most recent earnings report. Lakeland Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lakeland Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $157.52M | 20.70 | 3.62% | 5.74% | -0.44% | -55.22% | |
52 Neutral | $474.44M | ― | -0.50% | 6.77% | -2.40% | -131.59% | |
51 Neutral | $67.45M | -1.65 | -22.66% | ― | -5.26% | 42.84% | |
50 Neutral | $36.32M | 8.27 | 0.99% | 6.75% | 12.25% | ― | |
47 Neutral | $35.33M | -3.19 | -13.33% | ― | -7.76% | 49.20% | |
45 Neutral | $76.49M | -2.52 | -26.26% | 1.35% | 27.42% | -5275.12% |
* Consumer Cyclical Sector Average
LAKE
Lakeland Industries
7.80
-12.59
-61.74%
OXM
Oxford Industries
31.89
-26.62
-45.49%
SGC
Superior Group of Companies
10.03
-0.51
-4.81%
UFI
Unifi
3.63
-1.27
-25.92%
CULP
Culp
2.79
-2.56
-47.85%
JRSH
Jerash Holdings (US)
2.86
-0.42
-12.80%
Lakeland Industries Corporate Events
Business Operations and StrategyExecutive/Board Changes
Lakeland Industries Adds Veteran Executive Lee Rudow to Board
Positive
Feb 23, 2026
On February 20, 2026, Lakeland Industries’ board appointed veteran industrial executive Lee D. Rudow as a Class I director, effective April 9, 2026, expanding the board from seven to eight members and bringing the number of independent direc...
Business Operations and StrategyExecutive/Board Changes
Lakeland Industries Names J. Calven Swinea Permanent CFO
Positive
Feb 17, 2026
On February 17, 2026, Lakeland Industries announced that its Board of Directors has appointed J. Calven Swinea as permanent Chief Financial Officer, effective immediately, elevating him from the interim role he assumed on January 1, 2026. Swinea, ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Lakeland Industries Addresses 2026 Shortfalls, Refocuses Strategy
Negative
Jan 26, 2026
In a January 26, 2026 letter to shareholders, Lakeland Fire + Safety reported that its fiscal 2026, ending January 31, was marked by strategic progress but financial results that fell short of internal and shareholder expectations. The company hig...
Executive/Board ChangesRegulatory Filings and Compliance
Lakeland Industries Details CFO Separation and Severance Terms
Neutral
Jan 9, 2026
On January 6, 2026, Lakeland Industries, Inc. entered into a General Release and Separation Agreement with its former Chief Financial Officer, Roger D. Shannon, following his previously disclosed employment termination that became effective on Dec...
Executive/Board ChangesDividendsFinancial Disclosures
Lakeland Industries Suspends Dividend Amid Market Challenges
Negative
Dec 9, 2025
On December 4, 2025, Lakeland Industries announced the mutual termination of CFO Roger D. Shannon’s employment, effective December 31, 2025, and appointed J. Calven Swinea as Interim CFO starting January 1, 2026. The company also reported it...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.