Lakeland Industries, Inc. (LAKE) Q2 FY2027 earnings

Reported results

• Net sales were $50.1 million in Q2 FY27, compared to $52.5 million in Q2 FY26, a decrease of 4.5%, and increased 5.7% sequentially from $47.4 million in Q1 FY27.
• Gross profit was $18.5 million with gross margin of 37.0% in Q2 FY27, compared to gross margin of 35.9% in Q2 FY26 and 31.4% in Q1 FY27.
• Net loss was $4.9 million in Q2 FY27, compared to net income of $0.8 million in Q2 FY26.
• Non-GAAP adjusted EBITDA excluding FX was $2.7 million in Q2 FY27, compared to $5.1 million in Q2 FY26 and $1.1 million in Q1 FY27.
• Fire segment revenue was $26.1 million in Q2 FY27, up 2% year-over-year and 12% sequentially, representing 52% of total net sales.
• Year-to-date operating cash flow improved $15.1 million year-over-year to $5.4 million for the six months ended July 31, 2026; inventory decreased $15.3 million year-over-year.

Notes

The company recorded a non-cash goodwill impairment charge of $3.2 million related to LHD Germany in Q2 FY27 and a $1.9 million gain on settlement of the Monterrey, Mexico lease liability. Foreign exchange had a $1.3 million negative impact on adjusted EBITDA in Q2 FY27. The company divested the HPFR and HiViz product lines in March 2026, which contributed $3.7 million to Q2 FY26 Industrial revenue.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-09 (8-K, Item 2.02). Read the original filing on sec.gov.