From Financial Modeling Prep: 2025-06-11 18:00:00

In the protective clothing industry, Lakeland Industries, Inc. (NASDAQ:LAKE) reported record net sales of $46.7 million, a 29% increase driven by a rise in Fire Services products. Despite challenges in Latin America and Canada, the company is optimistic about future growth in those regions as tariff uncertainties diminish.

With U.S. net sales up 42% and European sales up 102%, Lakeland is focused on overcoming challenges and expanding revenue in fire services and industrial verticals. The company completed four acquisitions to enhance its product lines and global market reach.

Despite an operating loss of $4.6 million and a net loss of $3.9 million, Lakeland expects fiscal 2026 revenue between $210 million and $220 million, with adjusted EBITDA at $24 million to $29 million. Lake Street maintained a “Buy” grade for Lakeland, with a stock price of $15.07 and a revised price target of $26.



Read more at Financial Modeling Prep:: Lakeland Industries, Inc. (NASDAQ:LAKE) Reports Fi…