Lakeland Industries Reports Q3 Net Sales of $47.6M and $16M Net Loss Amid Certification Delays
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Poor Financial Performance: Lakeland Industries reported Q3 2026 net sales of $47.6 million on December 9, 2025, with adjusted EBITDA of $200,000, marking a staggering 95% decline of $4.5 million year-over-year, indicating severe profitability challenges for the company.
- Increased Net Loss: The company recorded a net loss of $16 million, translating to a loss of $1.64 per share, compared to a net income of $100,000 or $0.01 per share in the same quarter last year, highlighting a significant deterioration in financial health.
- Management's Explanation: CEO James Jenkins attributed the poor results partly to “delays in certification” during the earnings call, revealing that certification is expected in March 2026, which may impact investor confidence moving forward.
- Significant Stock Decline: Following the earnings report, Lakeland's stock price plummeted from $15.01 to $9.16 per share, a drop of approximately 38.97%, reflecting market pessimism regarding the company's future outlook.
Analyst Views on LAKE
Wall Street analysts forecast LAKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LAKE is 24.25 USD with a low forecast of 20.00 USD and a high forecast of 27.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.070
Low
20.00
Averages
24.25
High
27.00
Current: 9.070
Low
20.00
Averages
24.25
High
27.00
About LAKE
Lakeland Industries, Inc. manufactures and sells a comprehensive line of fire services and industrial protective clothing and accessories for the industrial and first responder markets. Its product portfolio includes firefighter protective apparel and accessories, high-end chemical protective suits, limited use/disposable protective clothing, durable woven garments, high performance FR/AR apparel, and high visibility clothing. Its products are sold globally by its in-house sales teams, its customer service group, and authorized independent sales representatives to a strategic global network of selective fire and industrial distributors and wholesale partners. Its authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories and the utilities industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
