Lakeland Industries : Fiscal First Quarter 2026 Financial Results Conference Call

Published: 2025-06-20 17:55:04 ET LAKE

Published on 06/20/2025 at 17:55

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June 9, 2025

NASDAQ: LAKE

Protect Your People®

1

COMPANY UPDATES

FINANCIAL RESULTS

KEY TAKEAWAYS

Q&A

CLOSING SUMMARY

James M. Jenkins President, Chief Executive Officer and

Executive Chairman

Roger D. Shannon Chief Financial Officer and

Secretary

sales increased 102% to $12.1 million

$3.2 million, or 84%, compared with $3.8 million for the comparable year ago period

Q1'26 represented the impact of tariff uncertainty and

associated mitigation strategies to build inventory

Improving global tariff environment and tapering in mitigation strategies positions the company for sequential growth in gross margin and adjusted EBITDA excluding FX in Q2'26

Tariffs, uncertainties delayed decisions in the Canadian and Latin American industrial spaces, where margins typically exceed the company average

Increase in net inventories of $3.1 million ahead of imposed tariffs.

Inventories on April 30, 2025, totaled $85.8 million.

Reiterate previously issued FY 2026 revenue and adjusted EBITDA excluding FX guidance

Strategic M&A pipeline remains strong and actively engaged in strategic discussions aligned with growth strategy

Maintain a strong balance sheet and expect a meaningful cash infusion from non-core asset disposals

Q1-FY26 Revenue by Product and Geography

USA

9%

7%

8%

7%

44%

25%

Europe Other N.A. Asia

Latin America

Other Foreign

2%

12%

28%

13%

45%

Disposables Fire Chemical

FR/AR

Performance High Visibility

Three Months Ended Apr. 30

$ in Million

2025

2024

Revenue $46.7 $36.3

Gross Margin 33.5% 44.6%

Operating Expenses (20.3) (14.0)

Net Income (Loss) (3.9) 1.7

Adjusted EBITDA excluding FX1 0.6 3.8

Adjusted EBITDA

excluding FX Margin1

1.3% 10.5%

Apr. 30, 2025 Jan. 31, 2025

Cash & Cash Equivalents $18.6 $17.5

Protect Your People® 1) See reconciliation tables for non-GAAP in appendix

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Disclaimer

Lakeland Industries Inc. published this content on June 20, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 20, 2025 at 21:54 UTC.