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Lakeland Industries Inc

lakeland.com

What Do They Do?

Makes protective clothing and accessories, including firefighter apparel, chemical suits and disposable garments, for industrial businesses, fire departments and government agencies. Also provides inspection, cleaning and repair services for firefighting apparel.

How Do They Make Money?

Lakeland mainly sells protective clothing to distributors, typically shipping the goods before payment is due; it also earns revenue from decontamination, inspection, repair and rental services.

FY2026 revenue

Who Are Their Customers?

Most sales are made through distributors, who buy products for resale and hold local inventory; internationally, Lakeland also sells directly to end users. Buyers include industrial and utility businesses, fire and law-enforcement agencies, and laboratories.

Do Revenues Turn Into Profits?

No. It lost $25.3M in FY2026.

Operating income, FY2026
−8% of revenue
▲ +67% (Loss) vs FY2025 (−$9.3M, −6%)
Net income, FY2026
−13% of revenue
▲ +40% (Loss) vs FY2025 (−$18.1M, −11%)
Free cash flow, FY2026
−9% of revenue
▼ −6% (Loss) vs FY2025 (−$17.4M, −10%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q2 FY2027, the three months to Jul 31, 2026
Revenue
▼ −4%
vs $52.5M in Q2 FY2026
Net income
▼ Now a loss
vs $766K in Q2 FY2026

Growing. Revenue grew 63% in 4 years, from $118.4M in FY2022 to $192.6M in FY2026, about 13% a year.

Added fire services The older report describes protective clothing and accessories, while the latest report also describes inspection, cleaning, decontamination, maintenance and repair services for firefighting apparel.

Sold performance wear The older report described high-performance wear as a product line; the latest report says Lakeland sold its high-performance FR/AR apparel line.

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