Lakeland Industries (NASDAQ:LAKE) Announces Quarterly Earnings Results

Lakeland Industries (NASDAQ:LAKE) released its earnings results on Tuesday. The medical instruments supplier reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.18, Zacks reports. The company had revenue of $47.42 million during the quarter, compared to the consensus estimate of $47.36 million. Lakeland Industries had a negative return on equity of 9.57% and a negative net margin of 13.14%.

Here are the key takeaways from Lakeland Industries’ conference call:

• Q1 revenue rose 1.4% to $47.4 million, helped by 11% growth in fire services, while net income improved to a small profit versus a loss a year ago. Adjusted EBITDA excluding FX also increased to $1.1 million.
• Fire services is becoming the company’s growth engine, with NFPA-certified head-to-toe products driving strong customer interest, a historic backlog, and accelerating tender activity across the U.S. and international markets.
• The services/ISP platform is expanding rapidly, with management saying the business is now running at roughly $4 million to $5 million per quarter and that new locations in Denver and expanded capacity in Arizona and Fresno should support further growth.
• Gross margin fell to 33.6% from 35.2%, mainly due to mix, certification transition costs, inventory build, and startup expenses, though management said these issues are temporary rather than structural.
• Management reaffirmed full-year guidance for high single-digit revenue growth and positive operating cash flow in fiscal 2027, expecting improvement to become more visible in the second half as conversions, margins, and service revenue improve.

Lakeland Industries Price Performance

Shares of NASDAQ LAKE opened at $9.54 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 1.36 and a debt-to-equity ratio of 0.24. Lakeland Industries has a twelve month low of $7.15 and a twelve month high of $18.00. The stock has a 50 day moving average of $9.87 and a two-hundred day moving average of $9.87. The stock has a market cap of $94.06 million, a P/E ratio of -3.70 and a beta of 1.45.

Institutional Investors Weigh In On Lakeland Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Lakeland Industries by 87.8% in the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after buying an additional 839 shares during the last quarter. Bank of America Corp DE lifted its stake in Lakeland Industries by 189.9% in the second quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after buying an additional 2,736 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Lakeland Industries in the second quarter valued at approximately $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Lakeland Industries in the second quarter valued at approximately $68,000. Finally, New York State Common Retirement Fund purchased a new stake in Lakeland Industries in the second quarter valued at approximately $105,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Analyst Ratings Changes

LAKE has been the subject of a number of analyst reports. Wall Street Zen raised Lakeland Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday. Maxim Group set a $16.00 price objective on Lakeland Industries in a research report on Monday, April 20th. DA Davidson raised Lakeland Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $14.00 in a research report on Monday, April 20th. Finally, Lake Street Capital lowered their price objective on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.20.

Lakeland Industries Company Profile

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.