Adjusted EBITDA excluding FX more than doubled sequentially but declined year over year. The company said margin improvement came from a favorable Fire Products mix and a net tariff refund.
Company outlook points to improving margins and steadier growth
Lakeland Industries expects margin performance to continue improving in the second half of fiscal 2027.
The company said it aims to convert demand and backlog into revenue and maintain expense discipline. It also anticipates a return to more consistent growth in the second half, with quarter-to-quarter variability.
Fire Products and Fire Services offset weaker industrial revenue
Revenue from Fire Products rose 2% year over year and 12% sequentially, with strong demand for turnout gear, helmets and hoods as customers transitioned to updated NFPA standards.
Fire Services revenue increased 78% year over year as the company expanded its service footprint with new and expanded locations.
Industrial revenue fell 10.8% on a reported basis, but excluding divested product lines, it increased about 3%.
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