Lakeland Q4 sales record $46.6M (+49%); net loss $18.4M on impairments; guides FY26 rev $210-220M

LAKELAND INDUSTRIES INC

Q4 net sales $46.6M (+49%), Fire Services up 226% to $21.2M.
Q4 net loss $18.4M from non-cash goodwill impairment and equity write-off; adjusted EBITDA ex-FX $6.1M (+79%).
FY2025 full year net loss $18.1M vs net income $5.4M prior year; adjusted EBITDA ex-FX $17.4M.
Tariff mitigation: inventory buildup to $82.7M, Mexico/US production, price increases on Vietnam/China goods.
FY2026 guidance: revenue $210-220M, adjusted EBITDA ex-FX $24-29M.

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