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Lakeland Industries (LAKE)
NASDAQ:LAKE
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Lakeland Industries
(NASDAQ:LAKE)
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Rating:55Neutral
Price Target:
$16.00
▲(3.69% Upside)
Lakeland Industries' overall stock score is driven by strong revenue growth and positive earnings call sentiment. However, profitability issues, negative cash flows, and valuation concerns weigh heavily on the score. Technical indicators show short-term strength, but long-term challenges persist.
Positive Factors
Revenue Growth
Strong revenue growth driven by fire service products and acquisitions indicates expanding market presence and product demand.
Acquisition Strategy
A robust acquisition strategy supports long-term growth by enhancing product offerings and market reach, fostering sustainable expansion.
Operational Efficiency
Operational efficiency initiatives, including facility closures, are set to reduce costs and improve margins, supporting long-term profitability.
Negative Factors
Profitability Challenges
Ongoing profitability issues, reflected in negative margins, could hinder long-term financial health and investment capacity.
Cash Flow Management
Negative cash flows suggest challenges in funding operations and investments, potentially impacting future growth and stability.
Gross Margin Pressure
Decreasing gross margins due to material costs and tariffs may pressure profitability, affecting long-term financial performance.
Lakeland Industries (LAKE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$147.67M
Dividend Yield0.78%
Average Volume (3M)122.82K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth39.13%
EPS Growth-1186.47%
CountryUS
Employees2,050
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.49
Shares Outstanding9,570,618
10 Day Avg. Volume104,483
30 Day Avg. Volume122,821
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.17
Price to Sales (P/S)1.03
P/FCF Ratio-9.89
Enterprise Value/Market Cap1.12
Enterprise Value/Revenue0.86
Enterprise Value/Gross Profit2.30
Enterprise Value/Ebitda-0.04
Forecast
1Y Price Target
$24.25Price Target Upside57.16% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Lakeland Industries Business Overview & Revenue Model
Company DescriptionLakeland Industries, Inc. manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire. The company also provides durable woven garments, including electrostatic dissipative apparel used in electronics clean rooms; flame resistant meta aramid, para aramid, and FR cotton coveralls/pants/jackets used in petrochemical, refining operations, and electrical utilities; FR fabrics; and cotton and polycotton coveralls, lab coats, pants, and shirts. In addition, it provides high visibility clothing comprising reflective apparel, including vests, T-shirts, sweatshirts, jackets, coats, raingear, jumpsuits, hats, and gloves; and gloves and sleeves that are used in the automotive, glass, and metal fabrication industries. The company sells its products to a network of approximately 1,600 safety and industrial supply distributors through in-house sales teams, customer service group, and independent sales representatives. It serves end users, such as integrated oil, chemical/petrochemical, automobile, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories, and the utilities industry; and federal, state, and local governmental agencies and departments. The company was incorporated in 1982 and is headquartered in Huntsville, Alabama.
How the Company Makes MoneyLakeland Industries generates revenue primarily through the sale of its protective apparel and safety products. The company's revenue model is based on direct sales to end-users, distributors, and retailers, providing a diverse customer base. Key revenue streams include the sales of specialized protective gear for specific industries, such as chemical, oil and gas, and healthcare. Additionally, Lakeland benefits from long-term contracts with major companies in these sectors, ensuring a steady demand for its products. The company also explores international markets to expand its reach and increase sales. Strategic partnerships with distributors and suppliers enhance its market presence and help in leveraging economies of scale, contributing positively to its earnings.
Lakeland Industries Earnings Call Summary
Earnings Call Date:Sep 09, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 04, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth and successful acquisition integration, contributing to significant increases in net sales and adjusted EBITDA. However, challenges included decreased gross margins due to increased material costs and tariffs, as well as reduced sales in Latin America due to tariff uncertainties. The company is focused on operational efficiencies and cost reductions to sustain growth.Q2-2026 Updates
Positive Updates
Record Net Sales
Achieved record net sales of $52.5 million, representing a 36% year-over-year increase, driven by a 113% increase in fire service products and recent acquisition momentum.
Strong Regional Performance
US net sales increased 78% year-over-year to $22.1 million, and European net sales increased 113% year-over-year to $15.1 million.
Adjusted EBITDA Growth
Adjusted EBITDA, excluding FX, was $5.1 million, an increase of $2.4 million or 89% compared with the year-ago period.
Operational Initiatives
Facility closures and sale of Decatur facility expected to streamline operations and generate annual savings of $1 million, with additional initiatives anticipated to yield $3 million in annualized savings.
Acquisition Strategy
Recent acquisitions contributed to increased revenue, with a strong acquisition pipeline and expected activity in the second half of the year.
Inclusion in Russell Indexes
Inclusion in the Russell Broad market 3,000 index and 2,000 index due to expanding market capitalization is a significant milestone.
Negative Updates
Gross Margin Decrease
Adjusted gross profit as a percentage of net sales decreased to 37.4% from 41.1% in the comparable year-ago period, primarily due to lower acquired company gross margins, increased material costs, and tariffs.
Challenges in Latin America
Latin American and Mexican operations experienced a $3.6 million decrease in sales due to ongoing delayed purchase decisions resulting from tariff uncertainty.
Inventory Levels
Inventory levels considered high, with initiatives underway to optimize and reduce inventory across specific categories.
Company Guidance
During the Lakeland Fire and Safety Fiscal Second Quarter 2026 Financial Results Conference Call, the company reported record net sales of $52.5 million, marking a 36% year-over-year increase. The growth was largely driven by a 113% increase in fire service products and strategic acquisitions. In the U.S., net sales grew by 78% year-over-year to $22.1 million, while European sales saw a 113% increase to $15.1 million. Adjusted EBITDA, excluding FX, rose to $5.1 million, an 89% increase from the previous year's $2.7 million. Despite challenges from tariffs and increased material costs impacting margins, the company achieved an adjusted gross profit margin of 37.4%. International sales accounted for 58% of total revenues, with domestic sales making up the remaining 42%. The company is focused on maintaining a strong acquisition pipeline and expects continued growth in its fire services and industrial verticals, anticipating adjusted EBITDA for fiscal year 2026 to be within the $20 million to $24 million range, with revenue at the lower end of the $210 to $220 million range.Lakeland Industries Financial Statement Overview
Summary
Lakeland Industries shows strong revenue growth but struggles with profitability and cash flow management. The balance sheet is stable, but declining returns on equity highlight potential inefficiencies. Improvement in margins and cash flow is needed.Income Statement
Lakeland Industries shows a mixed performance in its income statement. The TTM data indicates a significant revenue growth rate, suggesting strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative EBIT and EBITDA margins. The net profit margin is positive but low, indicating limited profitability. Historical data shows fluctuating margins, with a notable decline in gross profit margin over time.45
Neutral
Balance Sheet
The balance sheet of Lakeland Industries is relatively stable. The debt-to-equity ratio is moderate, indicating a balanced approach to leveraging. The equity ratio is healthy, suggesting a strong equity base. However, the return on equity has decreased over time, reflecting challenges in generating returns for shareholders.60
Neutral
Cash Flow
Cash flow analysis reveals significant challenges for Lakeland Industries. The TTM data shows negative operating and free cash flows, indicating cash management issues. The free cash flow to net income ratio is above 1, suggesting that the company is generating cash relative to its net income, but the negative growth rate in free cash flow is concerning.40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 191.63M | 167.21M | 124.69M | 112.85M | 118.39M | 159.00M |
| Gross Profit | 71.72M | 68.67M | 51.19M | 45.85M | 50.91M | 79.25M |
| EBITDA | -4.06B | -13.39M | 11.52M | 7.01M | 18.04M | 45.90M |
| Net Income | -21.50M | -18.07M | 5.42M | 1.87M | 11.37M | 35.33M |
Balance Sheet | ||||||
| Total Assets | 226.30B | 212.53M | 153.75M | 142.94M | 140.79M | 139.93M |
| Cash, Cash Equivalents and Short-Term Investments | 17.75B | 17.48M | 25.22M | 24.64M | 52.72M | 52.60M |
| Total Debt | 42.49B | 31.65M | 12.31M | 5.24M | 4.92M | 2.38M |
| Total Liabilities | 79.04B | 65.91M | 30.30M | 22.95M | 15.69M | 17.01M |
| Stockholders Equity | 147.26B | 146.63M | 123.45M | 119.99M | 125.10M | 122.92M |
Cash Flow | ||||||
| Free Cash Flow | -11.80B | -17.42M | 8.84M | -7.44M | 11.98M | 39.00M |
| Operating Cash Flow | -9.67B | -15.88M | 10.91M | -5.45M | 12.78M | 40.67M |
| Investing Cash Flow | -2.15B | -47.74M | -5.12M | -14.77M | -3.58M | -1.66M |
| Financing Cash Flow | 10.97B | 56.59M | -3.45M | -5.88M | -9.80M | -1.28M |
Lakeland Industries Technical Analysis
Positive
15.43
Price Trends
14.70
Positive
15.24
Positive
18.23
Negative
Market Momentum
0.07
Negative
60.15
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAKE, the sentiment is Positive. The current price of 15.43 is above the 20-day moving average (MA) of 14.72, above the 50-day MA of 14.70, and below the 200-day MA of 18.23, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 60.15 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LAKE.
Lakeland Industries Risk Analysis
Lakeland Industries disclosed 27 risk factors in its most recent earnings report. Lakeland Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lakeland Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $604.05M | 10.99 | 9.33% | 6.69% | -3.52% | 96.95% | |
66 Neutral | $166.07M | 20.42 | 4.22% | 5.38% | 4.02% | -24.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $147.67M | ― | -15.81% | 0.78% | 39.13% | -1186.47% | |
49 Neutral | $54.71M | ― | -19.05% | ― | -7.91% | 32.31% | |
48 Neutral | $41.78M | 50.69 | 1.30% | 6.07% | 17.12% | ― | |
44 Neutral | $84.64M | ― | -7.94% | ― | -1.87% | 57.41% |
* Consumer Cyclical Sector Average
LAKE
Lakeland Industries
15.43
-3.57
-18.79%
OXM
Oxford Industries
40.63
-30.90
-43.20%
SGC
Superior Group of Companies
10.40
-4.10
-28.28%
UFI
Unifi
4.61
-1.97
-29.94%
CULP
Culp
4.34
-1.61
-27.06%
JRSH
Jerash Holdings (US)
3.29
0.56
20.51%
Lakeland Industries Corporate Events
Business Operations and StrategyFinancial Disclosures
Lakeland Industries Reports Record Q2 2026 Sales Growth
Positive
Sep 10, 2025
Lakeland Industries reported a strong fiscal second quarter for 2026, ending July 31, 2025, with record net sales of $52.5 million, a 36% increase year-over-year, driven by a significant rise in Fire Service products and recent acquisitions. The company is executing strategic initiatives to streamline operations, including facility closures and a sale-leaseback of its Decatur facility, expected to yield $4 million in annualized savings. Lakeland’s inclusion in the Russell 3000 and 2000 indices marks a milestone in its market capitalization growth, while it continues to navigate tariff uncertainties with a diversified manufacturing footprint.
The most recent analyst rating on (LAKE) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Lakeland Industries stock, see the LAKE Stock Forecast page.
Business Operations and StrategyFinancial Disclosures
Lakeland Industries Reports 36% Increase in Q2 Sales
Positive
Sep 10, 2025
Lakeland Industries reported a significant 36% increase in net sales for the fiscal second quarter of 2026, reaching a record $52.5 million, primarily driven by a 113% surge in Fire Services products. Despite challenges in Latin America and delays in governmental funding affecting some regions, the company saw strong performances in North America, Europe, and other markets. The company is focusing on inventory optimization and expects to capitalize on upcoming tender cycles and long-term industry trends to enhance its market position and financial performance.
The most recent analyst rating on (LAKE) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Lakeland Industries stock, see the LAKE Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.