Lakeland Q3 net loss $16M, CFO departing Dec 31, dividend suspended, FY2026 guidance withdrawn

LAKELAND INDUSTRIES INC

2026-Q3 EPS reported -$2.00 revenue$146,828,000

Q3 net sales $47.6M (+4% YoY); net loss $16.0M vs net income $0.1M YoY; adjusted EBITDA ex FX $0.2M (down 95% YoY).
CFO Roger Shannon to leave Dec 31, 2025; VP Finance J. Calven Swinea appointed interim CFO effective Jan 1, 2026.
Board suspends quarterly cash dividend; future payments at board discretion based on financial condition.
Company withdraws FY2026 guidance citing tariffs, certification delays, and tender timing issues.
Acquired Arizona PPE and California PPE for ~$9.8M; $5.6M HKFSD decontamination contract; $6.1M sale-leaseback of Decatur warehouse.

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