Lakeland Fire + Safety Reports Fiscal First Quarter 2027 Results

About this update from Lakeland Industries, Inc.

Q1 FY27 Net Sales of $47.4 Million; Fire Services Grew 11% Certified Fire Portfolio Drives Customer Strong Interest and Tender Activity Service Platform Builds Recurring Revenue Momentum Industrial Business Stabilizing as Channel Activity in Several Regions Improves Positioned for Stronger Second Half Margin and Revenue Conversion Continuing Momentum for FY2027 Revenue Growth and Operating Cash Flow Targets and Positioned for Stronger Second Half of the Year Management to Host Conference Call Today at 4:30 p.m. Eastern Time HUNTSVILLE, Ala., June 09, 2026 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, has reported its financial and operational results for its fiscal first quarter ended April 30, 2026. Key FY 2027 First Quarter Financial and Operational Highlights Q1 Comparison$ in millionsQ1’27 Q1’26 $ Change YoY % Change YoYNet Sales$47.4 $46.7 $0.7 1.4% Gross Profit$14.9 $15.6 ($0.8) (4.9%)Net Income (Loss)$0.4 ($3.9) $4.3 —% Adjusted EBITDA(1)$0.3 ($0.2) $0.5 — Adjusted EBITDA ex. FX(1)$1.1 $0.6 $0.5 79.6% Q1’27 Q4’26 $ Change QoQ % Change QoQAdjusted Gross Margin(1)33.6% 33.5% — 10 BPS (1)Adjusted EBITDA, Adjusted EBITDA excluding FX, and Adjusted gross margin are non-GAAP financial measures. Reconciliations are provided in the tables of this press release. Management Commentary “Our first quarter results reflect continued progress across several important areas of the business as we position Lakeland Fire + Safety for stronger performance through the balance of fiscal 2027,” said Jim Jenkins, President and Chief Executive Officer. “Net sales for the quarter were $47.4 million, supported by 11% growth in Fire Services. Adjusted EBITDA excluding FX came in at $1.1 million and adjusted gross margin increased modestly on a sequential basis to 33.6%, compared to 33.5% in Q4 FY26. While we continue to manage certain timing, mix, certification transition, and operational execution items, we are focused on converting visible revenue opportunities into improved profitability as the year progresses. “Demand across our Fire Services platform remains encouraging. Our NFPA 1970:2025 certified head-to-toe fire portfolio was showcased at both FDIC 2026 and Interschutz, where customer engagement, tend...

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