Lakeland Industries Posts $25.3M FY Loss, Q4 Loss $6.2M, US Sales +35.1%
Lakeland Industries posted a full-year net loss of $25.3 million on $192.6 million revenue, including a Q4 loss of $6.2 million on $45.8 million in sales. The company generated $14 million from divesting high-performance lines and saw US sales jump 35.1% to $81.6 million.
1. Full-Year and Q4 Financial Results
Lakeland Industries reported a net loss of $25.3 million for fiscal 2026 on revenue of $192.6 million, compared to a $18.1 million loss in the prior year. In the fourth quarter, the company incurred a $6.2 million loss on $45.8 million in sales, or $0.61 per share.
2. US Sales Growth
US sales rose 35.1% to $81.6 million for the full year and grew 7.1% to $19.6 million in the fourth quarter, driven by increased demand for safety garments across key end markets.
3. Divestiture of High-Performance Lines
The company completed the divestiture of high-performance and hybrid product lines, generating $14 million in cash proceeds. Management plans to use these funds to bolster the balance sheet and pursue bolt-on acquisitions that support core business growth.
4. Outlook and Pipeline
Lakeland's fire services pipeline exceeds $130 million, with over $22 million in high-probability stages as certifications finish. The cleaning services business aims to reach $30 million in revenue by fiscal 2028, and margin improvements are expected to begin in late Q1 or Q2 of fiscal 2027.