Lakeland Industries Q1 Net Sales $47.4M; Net Income Turns Positive
Lakeland Industries reported Q1 FY27 net sales of $47.4 million, a 1.4% increase year-over-year, driven by an 11% growth in its Fire Services segment. The company achieved a net income of $0.4 million, a significant turnaround from a net loss of $3.9 million in the prior year's quarter. Adjusted EBITDA excluding foreign exchange also improved to $1.1 million. The company also highlighted the completion of the sale of its HPFR and HiViz product lines, generating $13.2 million in cash proceeds, and an intended award for its Eagle subsidiary under a UK framework with a potential value of up to £220 million. While overall revenue growth was modest, the positive net income and strategic divestment signal a mixed but potentially improving financial outlook.
Key Highlights
- Lakeland Industries Q1 FY27 Net Sales reached $47.4 million, a 1.4% increase YoY.
- Fire Services segment sales grew 11% to $23.4 million.
- Net Income turned positive at $0.4 million, a significant improvement from a $3.9 million loss in Q1 FY26.
- Adjusted EBITDA excluding FX was $1.1 million, up from $0.6 million in the prior year.
- Completed sale of HPFR and HiViz product lines for $14 million, generating $13.2 million cash proceeds.
- Eagle Technical Products received notification of an intended award under the NFCC National Firefighter PPE Framework in the UK, with a potential value up to £220 million over seven years.
- Management to host conference call today at 4:30 p.m. Eastern Time.
Price Impact
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