Lakeland Industries 2026 Q2 Earnings Strong Turnaround as Net Income Surges 155.7%

Lakeland Industries (LAKE) reported its fiscal 2026 Q2 earnings on September 9, 2025. The company demonstrated a significant turnaround, posting a net income of $766,000 compared to a $1.38 million loss in the same period last year. Earnings per share improved from a loss of $0.19 to a positive $0.08, reflecting a dramatic improvement in profitability.

Revenue
The company’s total revenue surged 36.3% year-over-year to $52.50 million in Q2 2026, driven largely by strong performance in the Fire Service segment. Disposables contributed $13.90 million, while Fire Service led the way with $25.60 million in revenue. Other key contributors included Wovens at $3.30 million, High Performance Wear at $2.20 million, Chemicals at $5.60 million, and High Visibility at $1.50 million. The Gloves segment accounted for $400,000 in revenue, completing the diversified segment performance. Consolidated external sales reached $52.50 million, showcasing the company’s broad market presence.

Earnings/Net Income
Lakeland Industries returned to profitability in Q2 2026 with net income of $766,000, a 155.7% improvement from a net loss of $1.38 million in Q2 2025. Earnings per share also showed a strong positive swing, rising to $0.08 from a loss of $0.19, representing a 142.1% increase. The impressive turnaround in profitability highlights the company’s effective cost management and strategic operational initiatives.

Price Action
The stock price of Lakeland Industries experienced mixed performance in the latest reporting period. It declined by 5.00% during the latest trading day and dropped 4.62% during the most recent full trading week. However, the stock edged up 0.63% month-to-date, reflecting some positive investor sentiment amid the earnings release.

Post-Earnings Price Action Review
Despite a strong earnings report, Lakeland’s stock faced downward pressure in the immediate aftermath. This could be attributed to lingering concerns over challenging market conditions, including difficult tariff environments and ongoing margin pressures. However, the month-to-date positive movement of 0.63% suggests that some investors remain optimistic about the company’s long-term growth trajectory.

CEO Commentary
Jim Jenkins, President, CEO and Executive Chairman, highlighted the company’s robust performance in the second quarter, with revenue up 36% year-over-year to $52.5 million. He credited the growth to strong performance in fire service products and strategic acquisitions. Jenkins also noted the momentum in fire protection and industrial sectors, with record net sales and a 113% increase in fire service product sales. Challenges included margin pressures from recent acquisitions, inventory write-ups, and material costs. Strategic priorities moving forward include streamlining global operations through facility closures and upgrades, reducing costs by $4 million annually, and pursuing M&A in fire suit rental and decontamination services. Jenkins expressed cautious optimism, acknowledging uncertainties in the tariff environment but emphasizing Lakeland’s agility and long-term growth potential.

Guidance
Lakeland revised its fiscal 2026 adjusted EBITDA guidance, excluding FX impacts, to a range of $20–$24 million from earlier expectations. Revenue for the year is now expected to be near the lower end of the $210–$220 million range. The company anticipates sequential improvement in gross margins and EBITDA, with annual savings of $4 million from operational initiatives. Fiscal 2026 capital expenditures are projected at approximately $4 million, and Lakeland expects continued growth in fire service and industrial verticals, supported by operational efficiencies and strategic acquisitions.

Additional News
On September 8, 2025, the Punch newspaper reported on several notable developments in Nigeria. The Federal Inland Revenue Service (FIRS) announced a collaboration with the Economic and Financial Crimes Commission (EFCC) to enforce tax compliance across the country. In sports news, Nigerian football star Victor Osimhen began treatment for an ankle sprain, while the Super Eagles’ World Cup hopes were impacted after a draw with South Africa. Additionally, the Punch highlighted political developments, including the APC anticipating more governor defections and the PDP challenging Senate actions to block a legislator’s return.