Quarterly ResultApr 16, 2026, 04:02 PM
LAKE Q4 FY26 Sales $45.8M; FY26 Sales Up 15% to $192.6M
AI Summary
Lakeland Industries reported Q4 FY26 net sales of $45.8 million, a 1.7% decrease year-over-year, while full-year FY26 net sales increased 15.2% to $192.6 million, driven by 49% growth in Fire Services. The company completed the divestiture of HPFR and HiViz product lines for approximately $14 million in cash in March 2026, aiming to simplify operations and strengthen liquidity. Despite Q4 challenges, Lakeland generated positive operating cash flow and targets high single-digit revenue growth and positive cash flow from operations in FY2027.
Key Highlights
- Q4 FY26 net sales were $45.8 million, down 1.7% year-over-year.
- FY26 net sales increased 15.2% to $192.6 million.
- Net loss for Q4 FY26 was $6.2 million, an improvement from ($18.4) million YoY.
- Completed divestiture of HPFR and HiViz product lines for $14 million cash.
- Targets high single-digit revenue growth and positive cash flow in FY2027.