Lakeland Industries Reports Fiscal Fourth Quarter and Full Year 2025 Financial Results

Core Insights - Lakeland Industries reported a record net sales of $46.6 million for Q4 2025, a 49.3$167.2 million, up 34.1% from the previous year, with significant contributions from recent acquisitions [1][25][35] - The company experienced a net loss of $18.4 million in Q4 2025, primarily due to non-cash goodwill impairments and an equity investment write-off [1][23][38] - Adjusted EBITDA excluding foreign exchange impacts was$6.1 million for Q4 2025, reflecting a 79.4% increase compared to the same quarter last year [1][24][40] Financial Performance - Q4 2025 net sales were $46.6 million, up$15.4 million from $31.2 million in Q4 2024, with Fire Services sales increasing by$14.7 million [2][19][25] - Gross profit for Q4 2025 was $18.7 million, a 67$11.2 million in Q4 2024, resulting in a gross margin of 40.1% [2][21][36] - For FY 2025, gross profit was $68.7 million, a 34.2$51.2 million in FY 2024, maintaining a gross margin of 41.1% [2][27][29] Operational Highlights - The company implemented tariff mitigation measures, including inventory buildup and production shifts to minimize tariff impacts [3][9][10] - Domestic sales accounted for 39% of total revenues in Q4 2025, while international sales made up 61%, indicating a strong international growth trend [20][26] - The acquisition of Veridian contributed $1.9 million in revenue during Q4 2025, with overall revenues from recent acquisitions totaling$13.2 million [13][19] Future Outlook - The company provided FY 2026 revenue guidance of $210 million to$220 million and adjusted EBITDA guidance of $24 million to$29 million [1][41][43] - Management expressed confidence in continued growth driven by recent acquisitions and expansion in key markets, particularly in Fire Services [11][18][35]