Lakeland(US:LAKE)2025-09-09 20:30Financial Performance - Net sales increased by $14 million, or 36%, reaching a record of $52.5 million[12] - U S net sales increased 78% to $22.1 million[12] - Europe net sales increased 113% to $15.1 million[12] - Adjusted EBITDA excluding FX was $5.1 million, an increase of $2.4 million, or 89%, compared with $2.7 million for the comparable year ago period[12] - Adjusted Gross profit as a percentage of net sales decreased to 37.4% from 41.1% for the comparable year ago period[12] Operational Highlights - Fire Services products saw a 113% increase[12] - Shipment of a $3.1 million order through its Jolly Scarpe brand for fire intervention boots from the Italian Ministry of the Interior - Firefighters Department[12] - Completed a $6.1 million sale and partial leaseback of the Decatur, Alabama, warehouse property[12] Strategic Initiatives and Outlook - The company is executing on initiatives to realize up to $4 million in cash savings, excluding Veridian consolidation[45] - FY 2026 revenue guidance range at the lower end of $210 to $220 million and Adjusted EBITDA Excluding FX of $20 to $24 million[45]