Lakeland Industries, Inc.
- Open
- 11.49
- Day high
- 11.60
- Day low
- 11.22
- Prev close
- 11.48
- Volume
- 3K
- Mkt cap
- $111M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.8
- P/S
- 0.6
- Yield
- 0.53%
- Per share
- $0.06
Lakeland Industries, Inc. (LAKE) is a Consumer Cyclical company listed on NASDAQ. The stock is down 21% over the past year.
Lakeland Industries, Inc. (LAKE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LAKE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 9, 2026 | $-0.14 | $0.04 | +128.6% | $47M | +0.1% |
| Dec 9, 2025 | $0.17 | $-0.70 | -511.8% | $48M | -4.2% |
| Sep 9, 2025 | $-0.04 | $0.36 | +1000.0% | $52M | -11.9% |
| Jun 9, 2025 | $0.27 | $-0.41 | -251.9% | $47M | -4.3% |
| Dec 5, 2024 | $0.38 | $0.01 | -97.4% | $46M | -2.8% |
| Sep 4, 2024 | $0.42 | $-0.19 | -145.2% | $39M | -3.5% |
| Jun 4, 2024 | $0.31 | $0.22 | -29.0% | $36M | -3.2% |
| Dec 6, 2023 | $0.27 | $0.34 | +25.9% | $32M | -2.5% |
| Sep 6, 2023 | $0.23 | $0.32 | +39.1% | $33M | +6.9% |
| Jun 7, 2023 | $0.13 | $0.18 | +38.5% | $29M | -5.6% |
| Dec 8, 2022 | $0.29 | $0.19 | -34.5% | $28M | -4.6% |
| Sep 8, 2022 | $0.27 | $0.14 | -48.1% | $28M | -4.6% |
LAKE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 13, 2026 | Yartz Laurel A.officer: Chief Human Resources Officer | Tax | 63 | $11.03 |
| Jul 13, 2026 | Jenkins James M.director, officer: President, CEO & Exec. Chair | Tax | 77 | $11.03 |
| Jul 13, 2026 | Phillips Barry Gofficer: Chief Revenue Officer - Fire | Tax | 151 | $11.03 |
| Jul 13, 2026 | Hui Anofficer: Chief Operating Officer | Tax | 1,012 | $11.03 |
| Jun 16, 2026 | Glavin Martin Gdirector | Grant | 7,553 | — |
| Jun 16, 2026 | HERRING RONALD N JRdirector | Grant | 7,553 | — |
| Jun 16, 2026 | McAteer Thomas Jdirector | Grant | 3,021 | — |
| Jun 16, 2026 | Schlarbaum Jeffrey Tdirector | Tax | 3,156 | $10.98 |
| Jun 16, 2026 | Hamblin Nikkidirector | Grant | 7,553 | — |
| Jun 16, 2026 | HERRING RONALD N JRdirector | Tax | 734 | $10.98 |
| Jun 16, 2026 | Kidd Melissadirector | Grant | 7,553 | — |
| Jun 16, 2026 | Rudow Lee D.director | Grant | 7,553 | — |
| Jun 16, 2026 | Kidd Melissadirector | Tax | 2,445 | $10.98 |
| Jun 16, 2026 | McAteer Thomas Jdirector | Grant | 7,553 | — |
| Jun 16, 2026 | Schlarbaum Jeffrey Tdirector | Grant | 7,553 | — |
Source: LAKE SEC Form 4 filings, latest Jul 13, 2026. For informational purposes only — not investment advice.
See the full LAKE insider & 13F page →Lakeland Industries, Inc. company profile
Overview
Lakeland Industries, Inc. (NASDAQ:LAKE) is a manufacturer of industrial protective clothing and safety equipment founded in 1982 and headquartered in Huntsville, Alabama. The company went public in 1986 and has evolved from a traditional disposable protective clothing manufacturer into a comprehensive provider of personal protective equipment (PPE) and fire safety solutions. Through a series of strategic acquisitions over the past few years, including LHD Group, Jolly Scarpe, Pacific Helmets, and Veridian, Lakeland has transformed itself into a global player serving industrial, fire service, and governmental markets across more than 50 countries.
Business
Lakeland Industries operates in the personal protective equipment (PPE) industry, manufacturing and selling specialized clothing and accessories designed to protect workers from hazardous environments. The PPE industry serves as a critical safety infrastructure across numerous sectors including oil and gas, chemical processing, firefighting, healthcare, and manufacturing. The company's product portfolio spans three main business segments: **Fire Services (22% of revenue):** This rapidly growing segment produces firefighter turnout gear, which includes the complete protective ensemble worn by firefighters - jackets, pants, boots, helmets, and gloves. Turnout gear must meet strict safety standards and protect against extreme heat, flames, and hazardous chemicals encountered during firefighting operations. The company also provides fire service maintenance and decontamination services through its LHD acquisition. **Industrial Products (45% of revenue):** This segment manufactures protective clothing for industrial workers, including chemical protective suits for handling toxic substances, flame-resistant (FR) clothing for petrochemical and electrical utility workers, electrostatic dissipative apparel for electronics clean rooms, and high-visibility clothing with reflective materials for construction and roadwork applications. **Disposables (33% of revenue):** These are single-use protective garments such as coveralls, laboratory coats, aprons, and hoods used in healthcare, pharmaceutical, and light industrial applications. Disposable PPE became particularly prominent during the COVID-19 pandemic but represents a more commodity-like product category with lower margins. The company serves end users across diverse industries including integrated oil companies, chemical and petrochemical facilities, automotive manufacturers, steel and glass producers, construction companies, pharmaceutical laboratories, and government agencies at federal, state, and local levels.
Revenue model
Lakeland generates revenue primarily through product sales to a network of approximately 1,600 safety and industrial supply distributors worldwide. The company employs a multi-channel distribution strategy utilizing in-house sales teams, customer service groups, and independent sales representatives to reach end customers. The business model centers on manufacturing specialized protective equipment with varying margin profiles across segments. Fire services products command premium pricing due to strict regulatory requirements and the critical nature of firefighter safety, while disposable products operate in a more commoditized market with lower margins but higher volume potential. **Revenue drivers and margin factors include:** **Positive margin influences:** Regulatory compliance requirements create barriers to entry and support premium pricing, particularly in fire services where NFPA (National Fire Protection Association) standards mandate specific performance criteria. The company's expanding geographic footprint, especially in Latin America where sales grew 63% in recent quarters, provides access to higher-growth markets. Strategic acquisitions have enabled cross-selling opportunities and vertical integration into higher-margin service offerings. **Margin pressures:** Commodity raw material costs for fabrics and chemicals directly impact production expenses. The company faces ongoing challenges from potential tariffs on Chinese-manufactured goods, prompting strategic shifts toward manufacturing in Mexico and India. Competition in the disposables segment from lower-cost producers creates pricing pressure. Currency fluctuations affect international operations, which represent approximately 64% of total revenue. The company's acquisition strategy has shifted the revenue mix toward higher-margin fire services, with this segment growing 137% year-over-year. However, integration costs and purchase accounting adjustments from recent acquisitions have temporarily pressured overall margins while the company realizes operational synergies.
Competitive moat
Lakeland Industries operates in a specialized niche with moderate competitive advantages, though its moat strength varies significantly across business segments. The company's strongest competitive position lies in its regulatory compliance expertise and established relationships with safety distributors. **Fire Services segment** represents the company's most defensible market position. Firefighter turnout gear must meet stringent NFPA standards, creating significant barriers to entry for new competitors. The critical nature of firefighter safety means customers prioritize proven performance and reliability over price, supporting premium pricing. Lakeland's recent acquisitions have created a comprehensive "head-to-toe" fire protection offering, providing competitive advantages in tender bids where customers prefer single-source solutions. **Industrial Products** benefit from established relationships with major industrial distributors and end customers who value consistent quality and regulatory compliance. However, this segment faces more competitive pressure from both large multinational competitors and smaller regional players. **Disposables segment** operates in the most commoditized market with limited differentiation opportunities. Competition from low-cost Asian manufacturers creates ongoing pricing pressure, though Lakeland maintains advantages in specialized applications requiring higher-performance materials. **Competitive threats** include large diversified safety companies like 3M and Honeywell, which possess greater resources for R&D and global distribution. The company also faces pressure from specialized regional competitors and potential new entrants in emerging markets. The shift toward nearshoring manufacturing could intensify competition as trade dynamics evolve. Lakeland's moat is best characterized as narrow but defensible in specialized applications, with the fire services transformation representing the company's strongest strategic positioning for sustainable competitive advantage.
Risks & safety
Lakeland Industries presents a moderate margin of safety profile with mixed financial health indicators. **Financial Strength:** - Current ratio of 3.91x indicates strong short-term liquidity - Cash position of $17.5 million provides operational flexibility - Total debt-to-equity ratio of 0.22x reflects conservative capital structure - Free cash flow of -$17.4 million in FY2025 raises concerns about cash generation **Valuation Metrics:** - Trading at 1.17x book value suggests reasonable valuation relative to assets - Negative earnings make traditional P/E ratios less meaningful - EV/EBITDA multiple distorted by recent acquisition-related charges - Graham net-net working capital provides downside protection **Key Risk Factors:** - Recent acquisition spree has strained cash flows and created integration challenges - Negative EBITDA of -$13.4 million in FY2025 due to one-time charges and operational disruptions - Dependence on Chinese manufacturing creates tariff exposure - Working capital management issues evident in recent quarters **Offsetting Positives:** - Strong balance sheet with minimal debt burden - Diversified revenue base across geographies and end markets - Management guidance suggests return to profitability in FY2026 with $24-29 million adjusted EBITDA - Strategic transformation toward higher-margin fire services business The margin of safety appears adequate for investors comfortable with execution risk during the company's transformation phase.
Recent development
Lakeland Industries has undergone a significant strategic transformation over the past two years, pivoting from a traditional disposable PPE manufacturer to a comprehensive fire safety and industrial protection company. The centerpiece of this transformation has been an aggressive acquisition strategy, completing four major deals: Veridian, LHD Group, Jolly Scarpe, and Pacific Helmets. **Strategic Acquisitions and Integration:** The LHD Group acquisition represents the most significant strategic shift, adding firefighter turnout gear manufacturing and service capabilities that grew the Fire Services segment by 137% year-over-year. This acquisition provides access to the $2 billion global fire protection market and positions Lakeland as a comprehensive "head-to-toe" fire safety provider. The company has also expanded into complementary products through Jolly Scarpe (firefighter boots) and Pacific Helmets (protective headgear). **Operational Improvements:** Management has launched company-wide initiatives including ERP system implementation, Lean Six Sigma projects, and warehouse consolidation in Europe. These efforts aim to improve operational efficiency and support the integration of acquired businesses. The company has also strengthened its leadership team with new appointments in sales, HR, and operations roles. **Geographic Expansion:** Lakeland has achieved significant growth in Latin America (63% increase) and is exploring expansion of fire services into new international markets. The company has established manufacturing capabilities in Mexico to mitigate potential tariff impacts and reduce dependence on Chinese production. **Market Positioning:** The strategic focus has shifted toward higher-margin, specialized applications while maintaining presence in traditional industrial markets. Management has set ambitious growth targets, projecting revenue of $210-220 million for FY2026 compared to $167 million in FY2025, driven primarily by fire services expansion and cross-selling opportunities across the integrated product portfolio.
LAKE company profile · for informational purposes only — not investment advice.
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