LAKELAND INDUSTRIES INC

Lakeland Industries announced that its Veridian Wildland Glove has received UL certification to NFPA 1950 (1977), 2025 edition. This certification confirms the glove meets the applicable requirements for wildland and urban interface firefighting protective equipment. The company expects this to strengthen its position in the market, provide a broader range of certified protection, and drive commercial growth for its Fire portfolio.

Lakeland Industries announced its Mexico manufacturing facility received UL certification to produce Veridian Vanguard structural firefighting turnout gear. This strategic move aims to expand manufacturing capacity, improve regional customer responsiveness, and strengthen its Fire business in Latin America. The company expects to achieve shorter lead times, greater supply chain flexibility, improved customer service, and meaningful improvements in manufacturing margins. This expansion also supports growth in the US and Canada by freeing up US manufacturing capacity, positioning Lakeland to capitalize on Latin American market opportunities.

Lakeland Industries announced the settlement of litigation related to its leased manufacturing facility in Monterrey, Mexico. The lease has been fully terminated, and the related litigation concluded, removing a legacy overhang and simplifying the business. The company had previously recorded a $3.6 million non-cash lease impairment charge for the facility, which was unusable due to structural defects. This resolution eliminates remaining lease obligations and associated legal costs, aligning with the company's strategy to focus on core operations.

Lakeland Industries' stockholders approved the 2026 Equity Incentive Plan at the Annual Meeting on June 16, 2026. Additionally, Class I directors Ronald Herring, Melissa Kidd, and Lee D. Rudow were elected to serve until the 2029 Annual Meeting. Stockholders also ratified RSM US LLP as the independent auditor and approved, on an advisory basis, the compensation for named executive officers.

Lakeland Industries Inc. reported a net income of $369,000 for the first quarter of fiscal year 2027, a substantial turnaround from a net loss of $3,913,000 in the same period last year. Net sales saw a modest increase to $47.416 million. The company benefited from a $6.467 million gain on the sale of certain assets, which contributed to the improved financial performance. Operating expenses were reduced year-over-year. The company also completed two acquisitions in the prior fiscal year, Arizona PPE Recon, Inc. and California PPE Recon, Inc., which are now included in its financial statements.

Lakeland Industries announced its first quarter fiscal year 2027 results, reporting a modest 1.4% increase in net sales to $47.4 million, driven by an 11% growth in its Fire Services segment. The company saw an improvement in Adjusted EBITDA excluding FX to $1.1 million and a sequential increase in adjusted gross margin to 33.6%. Key strategic moves included the divestiture of the HPFR and HiViz product lines, generating $13.2 million in cash, and a significant potential award for its Eagle subsidiary under a UK framework. While net income turned positive at $0.4 million, the company faces ongoing transitional items and operational execution challenges.

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.

Lakeland Industries, Inc. announced that its Eagle Technical Products subsidiary received an intended award under the National Fire Chiefs Council (NFCC) National Firefighter PPE Framework in the United Kingdom. This framework has a total potential value of up to 220 million over a seven-year term across all awarded suppliers, with Lakeland being one of seven selected. The award covers structural turnout gear, hoods, gloves, and boots, positioning Lakeland as a comprehensive PPE supplier to UK Fire and Rescue Services and reinforcing its multi-brand strategy.

Lakeland Industries, Inc. announced new and follow-on orders for fire protection and rescue gear across Latin America, including Mexico, Argentina, Ecuador, Guyana, and Panama. These orders signify a substantial expansion of Lakeland's market share in the region, building on recent successes and leveraging the 2024 acquisition of Veridian. The company's NFPA 1970:2025 certification and ability to offer integrated, head-to-toe protection were key factors in securing these contracts, positioning Lakeland for continued growth in LATAM.

Lakeland Industries, Inc. announced it will host a conference call on Tuesday, June 9, 2026, at 4:30 p.m. Eastern Time. The purpose of the call is to discuss the company's financial results for the fiscal first quarter, which ended on April 30, 2026. A press release detailing these results will be issued before the conference call, which will also include a presentation and a question-and-answer period.