Lakeland Q2 FY27 net loss widens to $4.9 million; net sales fall 4.5% to $50.1 million
LAKE•Q2 FY2027 results
Lakeland Industries posted a Q2 FY2027 net loss of $4.9 million, turning from profit, on net sales down 4.5% to $50.1 million.
- Adjusted EBITDA (non-GAAP) fell 72.8% to $1.4 million.
- Adjusted EBITDA excluding FX (non-GAAP) dropped 47.1% to $2.7 million.
- Gross margin rose 1.1 percentage points to 37.0%, aided by favorable Fire Products mix and a $1.4 million net tariff refund.
Management outlook
Management flagged accelerating global tender activity across Fire, citing intended UK framework awards with potential value up to GBP 220 million over seven years.
Fire segment performance
Fire revenue increased 2% to $26.1 million, lifting mix to 52% of net sales. Fire Services revenue climbed 78% to about $3.5 million.
