雷克兰医疗工业(LAKE.US)盘前大幅下跌22.7%报11.6美元。消息上，雷克兰医疗工业公布25财年第三 财季每股摊薄净亏损为1.64美元，分析师预计每股利润为0.23美元，而一年前每股收益为0.01美元。由 于多种宏观经济因素影响，公司表示将撤回之前发布的2026财年展望，并且未来不会发布财务指引。 | LAKE 雷克兰医疗工业 | | | | --- | --- | --- | | 15.010 0.000 +0.00% | | 收盘价 12/09 16:00 美东 | | 11.600 ↓ -3.410 -22.72% | | 盘前价 12/10 04:26 美东 | | 三 24 24 月 ■ ♥ 白 节 中 白 | | ● 快捷交易 | | 最高价 15.100 | 开盘价 14.940 | 成交量 52.2万 | | 最低价 14.810 | 昨收价 15.010 | 成交额 714.06万 | | 平均价 13.680 | 市盈率TIM 亏损 | 总市值 1.47亿 (m) | | 振 幅 1.93% | 市盈率(静) 亏损 | 总股本 980.61万 | | 换手率 6.16% | 市净率 ...

Core Insights - Lakeland Industries reported a quarterly loss of $0.7 per share, significantly missing the Zacks Consensus Estimate of $0.17, representing an earnings surprise of -511.76% [1] - The company posted revenues of $47.59 million for the quarter ended October 2025, which was 10.05% below the Zacks Consensus Estimate, compared to $45.76 million in the same quarter last year [2] - The stock has underperformed, losing approximately 41.3% year-to-date, while the S&P 500 has gained 16.4% [3] Financial Performance - Over the last four quarters, Lakeland Industries has only surpassed consensus EPS estimates once [2] - The current consensus EPS estimate for the upcoming quarter is $0.29 on revenues of $57.9 million, and for the current fiscal year, it is $0.50 on revenues of $213.5 million [7] Market Outlook - The company's earnings outlook will be crucial for future stock performance, with management's commentary expected to influence investor sentiment [4][6] - The Zacks Rank for Lakeland Industries is currently 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Security and Safety Services industry, to which Lakeland Industries belongs, is currently in the top 14% of Zacks industries, suggesting a favorable industry outlook [8]

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Financial Data and Key Metrics Changes - The company achieved net sales of $47.6 million, representing a 4% year-over-year increase driven by a 31% increase in fire services products [4][21] - Adjusted EBITDA, excluding FX, was $200,000, a decrease of $4.5 million, or 95%, compared to $4.7 million for the comparable year-ago period [5][22] - Adjusted gross profit as a percentage of net sales in the third quarter was 31.3%, down from 41.7% in the comparable year-ago period [5][21] - Net loss was $16 million, or $1.64 per basic and diluted earnings per share, compared to a net income of $100,000 or $0.01 per basic and diluted earnings per share for the third quarter of fiscal 2025 [22] Business Line Data and Key Metrics Changes - Sales from the fire services product line increased by $6 million year-over-year, driven by $3.4 million in sales from the recent Veridian acquisition and organic fire services growth of $3 million [23][29] - Adjusted gross profit for the third quarter was $14.9 million, a decrease of $4.2 million, or 22%, compared to $19.1 million for the third quarter of fiscal 2025 [24][27] - The industrial demand softened across several channels, with distributors reducing inventory and certain customers deferring purchases [19] Market Data and Key Metrics Changes - Revenue softness was visible across the U.S., Canada, Latin America, and parts of EMEA, with North America facing challenges and Latin America coming in below plan due to macroeconomic conditions [10][29] - U.S. revenue decreased 3% to $15 million from $15.4 million, driven by declines in the industrial business due to tariff uncertainty [29] - European revenue, including Eagle, Jolly, and the recently acquired LHD business, increased 6% to $15.2 million [29] Company Strategy and Development Direction - The company is focused on recent acquisition synergies, increasing market share within the fragmented $2 billion fire protection sector, and growing the industrial products business [4] - The strategic acquisitions of California PPE and Arizona PPE expanded the company's global fire footprint into the U.S. personal protective equipment market [8] - The company plans to maintain a focus on operating and manufacturing efficiencies to deliver higher margins and improve free cash flow [36][37] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of tariff uncertainty, inflation effects, and associated mitigation strategies on performance [10] - The company remains optimistic about underlying demand signals, including a robust global fire tender pipeline and signs of pent-up demand across nearly every region [14] - Management has withdrawn formal guidance and is shifting to a more disciplined operating model focused on measurable execution, cash generation, and transparency [12] Other Important Information - The company completed a $6.1 million sale and partial leaseback of its Decatur, Alabama warehouse property, resulting in a gain of $4.3 million [9] - Inventory at the end of Q3 was $87.9 million, down from $90.2 million at the end of Q2 fiscal year 2026 [11][32] - The company has suspended its quarterly cash dividend to reinvest profits into growth opportunities [32] Q&A Session Summary Question: What makes the $38 million fire service tenders high probability? - Management indicated that high probability is based on being the incumbent, competitor struggles, multiple-brand strategy, and strong relationships with fire departments [42][44] Question: Can margins recover through higher absorption or production levels? - Management confirmed that recovery is linked to achieving full capacity and operating leverage, with a shift in product mix affecting margins [48][49] Question: What is the status of certification delays? - Management noted that certification delays are due to a backlog at certification agencies, affecting all manufacturers [57][70] Question: How are pricing opportunities being addressed? - Management is implementing annual pricing increases strategically across different business segments while managing inventory levels [62][64]

Financial Data and Key Metrics Changes - Net sales for Q3 2026 were $47.6 million, a 4% year-over-year increase, driven by a 31% increase in fire services products [4][21] - Adjusted EBITDA, excluding FX, was $200,000, a decrease of $4.5 million, or 95%, compared to $4.7 million for the same period last year [5][24] - Adjusted gross profit as a percentage of net sales decreased to 31.3% from 41.7% in the comparable year-ago period [5][23] - The net loss for the quarter was $16 million, or $1.64 per share, compared to a net income of $100,000, or $0.01 per share, for Q3 2025 [21][22] Business Line Data and Key Metrics Changes - Fire services revenue increased by $6 million year-over-year, driven by $3.4 million in sales from the Veridian acquisition and organic growth of $3 million [22][27] - Adjusted gross profit for the fire services segment decreased due to lower sales, higher product costs, and tariffs [23][25] - Industrial demand softened across several channels, with distributors reducing inventory and certain customers deferring purchases [17][18] Market Data and Key Metrics Changes - Domestic sales were $19.2 million, representing 40% of total revenues, while international sales were $28.4 million, accounting for 60% of total revenues [22] - Sales in Latin America decreased from $5 million to $4.2 million due to political uncertainty affecting purchase decisions [28] - Sales in Asia decreased 19% year-over-year from $3.6 million to $2.9 million [28] Company Strategy and Development Direction - The company is focused on expanding its market share in the fragmented $2 billion fire protection sector and growing its industrial products business [4][7] - Strategic acquisitions of California PPE and Arizona PPE are expected to enhance the North American service segment of the global fire services market [7][8] - The company plans to navigate macroeconomic challenges while expanding top-line revenue in fire services and industrial verticals [33][34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of tariff uncertainty, inflation, and supply chain costs on revenue and gross margin [9][12] - The company remains optimistic about long-term demand signals and expects headwinds to ease as it moves into calendar year 2026 [12][35] - Management has withdrawn formal guidance and is shifting to a more disciplined operating model focused on measurable execution and cash generation [11][13] Other Important Information - The company completed a $6.1 million sale and partial leaseback of its Decatur, Alabama warehouse, resulting in a gain of $4.3 million [8] - Inventory at the end of Q3 was $87.9 million, down from $90.2 million at the end of Q2 [10][31] - The company has suspended its quarterly cash dividend to reinvest profits into growth opportunities [31] Q&A Session Summary Question: What makes the $38 million fire service tenders high probability? - The company believes these tenders are high probability due to existing relationships with fire departments, competitor struggles, and being written into specifications [37] Question: What is the status of certification delays? - Certification delays are due to a backlog at certification agencies, affecting all manufacturers, with no further delays expected [44] Question: How is the company addressing pricing opportunities? - The company is implementing annual pricing increases strategically across fire and industrial segments while managing competitive pressures [46][48]

Financial Performance - Net sales for the three months ended October 31, 2025, were $47.6 million, an increase of $1.8 million or 4.0% compared to $45.8 million for the same period in 2024[126]. - Net sales for the nine months ended October 31, 2025, were $146.8 million, an increase of 21.8% from $120.6 million for the same period in 2024, driven by acquisitions and organic growth[133]. - Net loss for the three months ended October 31, 2025, was $(16.0) million, compared to net income of $0.1 million for the same period in 2024[132]. Gross Profit and Operating Loss - Gross profit for the three months ended October 31, 2025, was $14.1 million, a decrease of $4.5 million or 23.9% compared to $18.6 million for the same period in 2024, with gross profit as a percentage of net sales decreasing to 29.7% from 40.6%[127]. - Gross profit for the nine months ended October 31, 2025, was $48.6 million, a decrease of $1.4 million or 2.8% from $50.0 million in 2024, with gross profit margin dropping to 33.1% from 41.4%[134]. - Operating loss for the nine months ended October 31, 2025, was $(10.3) million, compared to operating income of $1.4 million for the same period in 2024, resulting in an operating margin of (7.0%)[138]. Operating Expenses - Operating expenses increased by $2.3 million or 13.1% to $20.1 million for the three months ended October 31, 2025, primarily due to acquisitions and increased stock-based compensation[128]. - Operating expenses increased by $11.1 million or 22.8% to $59.6 million for the nine months ended October 31, 2025, with operating expenses as a percentage of net sales rising to 40.6%[135]. Income Tax Expense - Income tax expense for the three months ended October 31, 2025, was $13.7 million, significantly higher than $0.1 million for the same period in 2024, resulting in an effective tax rate of (597.9%)[131]. - Income tax expense for the nine months ended October 31, 2025, was $7.3 million, compared to $0.1 million for the same period in 2024[139]. Acquisitions - The company acquired Arizona PPE for approximately $4.1 million and California PPE for a combination of $2.4 million in cash and $3.3 million in stock in September 2025[118][119]. - The company also acquired Veridian for approximately $26.1 million in December 2024, which had an annual revenue of approximately $21.0 million[120]. Cash Flow and Liquidity - Cash and cash equivalents as of October 31, 2025, were approximately $17.2 million, with a decrease of $0.3 million from January 31, 2025[142]. - Cash used in operations was $17.6 million due to a net loss of $(19.1) million and an increase in working capital of $7.9 million[144]. - The Company expects its current cash, cash equivalents, and borrowing capacity to meet projected operating and investing requirements for at least the next twelve months[145]. Sales by Region - Net sales attributable to customers outside the U.S. were $28.4 million for the three months ended October 31, 2025, compared to $30.4 million for the same period in 2024[123]. - Sales in Russia accounted for approximately 2.2% of consolidated sales for the nine months ended October 31, 2025, with no significant sales in Ukraine[125]. Cost Challenges - The company is facing increased costs due to tariffs and higher manufacturing costs, which are expected to continue affecting operating results and margins[124].

Financial Performance - Net sales increased by $1.8 million, a 4% increase, reaching $47.6 million, driven by a 31% increase in Fire Services products[15] - U S sales increased 25% to $19.2 million due to acquisitions, while Europe sales increased 6% to $15.2 million[15] - Adjusted EBITDA excluding FX decreased by $4.5 million, a 95% decrease, to $0.2 million, compared to $4.7 million in the prior year period[15] - Adjusted gross profit as a percentage of net sales decreased to 31.3% from 41.7% in the comparable prior year period, a sequential decrease of 612bps from 37.4% last quarter[15] - Net loss was $16.0 million, compared to a net income of $0.1 million in the same period last year[28] Strategic Initiatives and Outlook - Completed acquisitions of Arizona PPE Recon, Inc and California PPE valued at approximately $9.8 million[15] - Lakeland LHD was awarded an approximately $5.6 million three-year contract to provide services for the Hong Kong Fire Services Department[15] - The company has a pipeline of approximately $178 million, including approximately $38 million of near-term, high probability opportunities[15] - The company completed a $6.1 million sale and partial leaseback of the Decatur, Alabama, warehouse property[15] Challenges and Mitigation - The company is navigating challenges from tariff uncertainty and inflation effects, which impacted both revenue and gross margin[15] - Demand softened across several Industrial channels faster than expected, with distributors reducing inventory and competitive pricing tightening[26] - The company is implementing operating and manufacturing efficiencies to achieve higher margins and improved free cash flow[66]

Financial Performance - Net sales for Q3 2026 were $47.6 million, a 4% increase from $45.8 million in Q3 2025, driven by a 31% increase in Fire Services to $25.3 million[2][10] - Gross profit decreased by 24% to $14.1 million in Q3 2026, with gross margin dropping to 29.7% from 40.6% in Q3 2025[2][12] - The company reported a net loss of $16.0 million, or $1.64 per diluted share, compared to a net income of $0.1 million in Q3 2025[2][15] - Adjusted EBITDA excluding FX for Q3 2026 was $0.2 million, a 95% decrease from $4.7 million in Q3 2025, with a margin of 0.5%[2][17] - Organic revenue decreased by 3% to $37.5 million in Q3 2026, impacted by delays in U.S. industrials and global tender processes[2][8] - Operating expenses increased by 13% to $20.1 million in Q3 2026, primarily due to recent acquisitions and higher equity compensation[2][13] Sales and Market Performance - U.S. sales increased by 25% to $19.2 million, while LATAM sales decreased by 16% to $4.2 million due to macroeconomic conditions[2][8] - The company has approximately $178 million in global tender opportunities for FY27, with $38 million having high probabilities of success[5] Strategic Initiatives - The company completed strategic acquisitions of Arizona PPE and California PPE, contributing approximately $5 million of annual recurring revenue[3][9] - The company plans to continue focusing on its strategic growth initiatives, including the start-up costs for its new facility in Monterrey, Mexico[25] Cash Flow and Liquidity - Cash and cash equivalents totaled $17.2 million as of October 31, 2025, with working capital at approximately $105.9 million[2][18] - As of October 31, 2025, the company had borrowings of $33.2 million under the revolving credit facility and $6.8 million of available credit[19] - Net cash used in operating activities increased to $17.6 million for the nine months ended October 31, 2025, compared to $12.5 million for the same period in 2024, driven by a net loss of $19.1 million and an increase in working capital of $7.9 million[20] - Cash flows from operating activities resulted in a net cash used of $(17,590,000) for the nine months ended October 31, 2025, compared to $(12,494,000) for the same period in 2024[47] Dividend and Shareholder Returns - The company suspended its quarterly cash dividend on common stock, which was previously $0.03 per share[21] Asset and Liability Management - Total current assets increased to $143,320,000 as of October 31, 2025, from $136,531,000 as of January 31, 2025[45] - Total liabilities rose to $86,233,000 as of October 31, 2025, compared to $65,905,000 as of January 31, 2025[45] - The company sold its Decatur, Alabama property for $6.1 million and applied the net proceeds to repay its revolving credit facility[19] Historical Comparisons - The company reported a net loss of $15.96 million for the three months ended October 31, 2025, compared to a net income of $86,000 for the same period in 2024[25] - Adjusted EBITDA for the three months ended October 31, 2025, was $(668,000), with an adjusted EBITDA margin of -1.4%[25] - Organic revenue for the nine months ended October 31, 2025, was $116.1 million, representing an increase from $111.9 million in the previous year[26] - Gross profit for the nine months ended October 31, 2025, was $48.6 million, down from $49.98 million in the same period in 2024[26] - Operating expenses for the three months ended October 31, 2025, were $20.1 million, compared to $17.8 million for the same period in 2024[26] - Net loss for the nine months ended October 31, 2025, was $(19,102,000), compared to net income of $363,000 for the same period in 2024[47] - The weighted average common shares outstanding increased to 9,752,582 for the three months ended October 31, 2025, compared to 7,428,451 for the same period in 2024[43] - Cash and cash equivalents at the end of the period were $17,194,000, a slight decrease from $17,476,000 at the beginning of the period[47] - The company incurred a gain on sale-leaseback transaction of $(4,333,000) for the nine months ended October 31, 2025[43]

Q3’26 Net Sales Increased 4% to $47.6 Million Led by 31% Increase in Fire Services Products, Representing 53% of Total Revenue Completes Strategic Acquisitions with New Operational Facility to Expand Global Fire Footprint into the Western U.S. Personal Protective Equipment Decontamination, Repair and Rental Markets Management to Host Conference Call Today at 4:30 p.m. Eastern Time HUNTSVILLE, Ala., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ: ...

Core Viewpoint - Lakeland Industries, Inc. has demonstrated its commitment to supporting emergency services through its Hong Kong operation, LHD Hong Kong, which played a crucial role in ensuring the operational readiness of firefighters during a significant fire incident in Taipo, Hong Kong [1][7]. Group 1: Incident Response - LHD Hong Kong assisted the Hong Kong Fire Services Department (HKFSD) during a high-rise fire on November 26, 2025, deploying over 700 firefighters [1]. - The operation required rapid cleaning and servicing of firefighter personal protective equipment (PPE), with LHD Hong Kong activating its contingency response to maintain gear functionality [2][3]. Group 2: Operational Efficiency - From November 27 to December 2, LHD Hong Kong processed 1,171 sets of garments, returning 978 sets, showcasing an effective scaling of output to meet increased demand [5]. - The company maintained service pledges, ensuring laundered suits were returned within 4 working days and repaired suits within 12 days, despite the surge in volume [8]. Group 3: Lifecycle Management - The incident highlighted the importance of professional PPE care, with LHD Hong Kong exemplifying a holistic approach to PPE lifecycle management that includes advanced facilities and rigorous quality control [6]. - The "LHD Care" philosophy emphasizes the critical role of dependable PPE maintenance in emergency response systems [6].