Highest-materiality recent filing
Lakeland posts $47.4M Q1 sales, net income turns positive; fire services up 11%
Net sales $47.4M (+1.4% YoY); net income $0.4M vs loss of $3.9M in Q1 last year.
Lakeland Fire + Safety Q4 net sales $45.8M, FY2026 net sales up 15% to $192.6M; net loss narrows
Q4 net sales $45.8M (-1.7% YoY); gross margin 32.2% vs 40.1% prior year.
Lakeland sells HPFR & HiViz product line to NSA for $14.0M
Sale of high-performance flame-resistant and high-visibility apparel business closed March 27, 2026.
Revenue and gross margin shortfalls due to tariffs, freight cost increases, raw material inflation, and supply-chain challenges.
Lakeland Q3 net loss $16M, CFO departing Dec 31, dividend suspended, FY2026 guidance withdrawn
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).
Lakeland completes two PPE service acquisitions for $9.5M; ~$5M recurring revenue
Total consideration $9.5M: $4M cash for Arizona PPE; $5.5M ($3.4M stock + $2.1M cash) for California PPE.
Lakeland Q2 net sales up 36% to $52.5M; adj EBITDA ex-FX $5.1M; FY guidance trimmed
Record Q2 revenue of $52.5M, +36% YoY; Fire Services surged 113% to $25.6M (49% of total).
Lakeland Q1 net loss $3.9M, revenue record $46.7M (+29%) but margins compressed by tariffs
Revenue $46.7M (+29% YoY); net loss $3.9M ($0.41 diluted EPS) vs profit $1.7M ($0.22 EPS) a year ago.
Lakeland Q4 sales record $46.6M (+49%); net loss $18.4M on impairments; guides FY26 rev $210-220M
Q4 net sales $46.6M (+49%), Fire Services up 226% to $21.2M.
Lakeland Industries closes $46M offering, completes four acquisitions, appoints new executives
Closed oversubscribed $46M public equity offering; expects ~$2.5M annual cash interest savings from debt repayment.
Lakeland Industries closes public offering of 2,093,000 shares at $22.00/share; net proceeds ~$42.8M
2,093,000 shares sold at $22.00/share; gross proceeds ~$46.0M, net proceeds ~$42.8M.
Lakeland Industries acquires Veridian for $25M; expands fire services
Acquired Veridian for ~$25M cash, funded via credit facility; adds ~$21M annual revenue and 150 employees.
Lakeland Industries Q3 FY2025 net sales record $45.8M (+44.5% YoY); reiterates FY2025 guidance
Net sales record $45.8M, +44.5% YoY; organic revenue +7.3% to $34.0M.
Lakeland Q2 FY2025 net loss $1.4M; revenue up 16.5% but organic sales down 2.8%
Net loss of $1.4M ($0.19 per share) vs. net income of $2.5M ($0.33) a year ago.
Lakeland Industries completes acquisition of LHD Group for $16.3M
All-cash acquisition of LHD Group fire & rescue business valued at ~$16.3M, subject to adjustments; LHD had ~$27M in annual revenue.
Lakeland Industries Q1 FY25: Net sales $36.3M (+27% YoY); Fire services up 92%; guides higher
Net sales $36.3M, up 27% YoY; organic revenue $32.4M (+13% YoY).
Lakeland Industries appoints James Jenkins as President and CEO effective June 1, 2024
Jenkins, previously Acting CEO and Executive Chairman, formally appointed CEO; remains Executive Chairman.
Lakeland Q4 net loss $1.0M; FY2025 rev guidance $140-150M; acquisitions after year-end
Q4 net loss of $1.0M ($0.13/sh) vs net income $0.2M last year; gross margin 35.9% (44.6% excluding $2.7M inventory charge).
Lakeland Industries to acquire LHD Group fire & rescue business for $16.7M
Purchase price $16.7M all-cash; LHD generates ~$27M annual revenue with 111 employees.
Lakeland acquires Jolly Scarpe footwear for $9.3M; expects $14-16M annual revenue addition
Acquired Italy/Romania-based Jolly Scarpe, a designer/manufacturer of professional footwear for fire, military, police, and rescue markets.
Lakeland Q3 net sales $31.7M (+11.6% YoY); net income $2.6M vs $1.4M
Net sales $31.7M, up 11.6% YoY; gross margin 42.2% vs 43.3% last year.
Lakeland Industries acquires Pacific Helmets for NZ$14M
Acquired all shares of Pacific Helmets NZ Ltd for NZ$14M on Nov 30, 2023, via subsidiary Lakeland NZ Ltd.
CEO Charles D. Roberson to step down Jan 31, 2024; Executive Chairman Jenkins to oversee transition
Roberson's employment agreement not renewed; he will resign as officer, employee, and director effective Jan 31, 2024.
Lakeland Q2 net sales up 17.3% to $33.1M; net income $2.5M vs loss of $0.9M a year ago
Net sales of $33.1M (+17.3% YoY); gross margin expanded to 42.9% from 41.3%.
On April 10, 2024, the Board of Directors (the “Board”) of Lakeland Industries, Inc. (“Lakeland” or the “Company”) appointed James M. Jenkins, our current Acting President and Chief Executive Officer and Executive Chairman, as President and Chief Executive Officer of the Company, effective June 1, 2024 (the “Effective Date”).
appointed Roger D. Shannon, who currently serves as the Company’s Chief Financial Officer, to the additional role as the Company’s Secretary, effective February 1, 2024.
appointed James M. Jenkins as Acting President and Chief Executive Officer in addition to his role as Executive Chairman, effective February 1, 2024.
On January 11, 2024, the Board of Directors (the “Board”) of Lakeland Industries, Inc. (the “Company”) appointed Martin G. Glavin as a Class II director of the Company and as a member of the Audit Committee of the Board, effective February 1, 2024.
Mr. Harvey will retire from the Company on July 31, 2023
On April 6, 2023, Allen E. Dillard, the Chief Operating Officer of Lakeland Industries, Inc. (the “Company”), retired from the Company, effective immediately.
In addition, on April 6, 2023, the Board of Directors (the “Board”) of the Company promoted Hui (Helena) An, the Company’s Vice President of Procurement and Asia Manufacturing, to the position of Chief Operating Officer, effective immediately.
Allen E. Dillard, the Company’s Chief Operating and Financial Officer, will continue serving as Chief Operating Officer but will no longer serve in the role of Chief Financial Officer.
the Board of Directors (the “Board”) of Lakeland Industries, Inc. (“Lakeland” or the “Company”) appointed Roger D. Shannon as the Company’s Chief Financial Officer, effective February 1, 2023.
Lakeland Industries, Inc. (the “Company”) announced on December 16, 2021, that Allen E. Dillard, Chief Financial Officer (“CFO”) of the Company, has been appointed to the position of Chief Operating and Financial Officer, in which he will serve as the Company’s principal operating officer and principal financial officer. The appointment becomes effective on January 1, 2022.
Max materiality 0.90 · Median 0.53 · Most common event earnings