Lakeland Industries Under Investigation After Q3 Net Loss of $16 Million
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 9 minutes ago0mins
- Deteriorating Financial Performance: Lakeland Industries reported net sales of $47.6 million for Q3 2026, with adjusted EBITDA at $200,000, reflecting a staggering decrease of $4.5 million or 95% year-over-year, indicating severe profitability issues for the company.
- Significant Net Loss: The company posted a net loss of $16 million, translating to a loss of $1.64 per share, contrasting sharply with a net income of $100,000 in the same quarter last year, highlighting substantial financial strain.
- Impact of Certification Delays: CEO James Jenkins attributed the poor results partly to delays in certification, which is expected to be completed by March 2026, potentially affecting future sales and investor confidence.
- Stock Price Plunge: Following the earnings report, Lakeland's stock price plummeted by $5.85, or 38.97%, closing at $9.16 per share on December 10, 2025, reflecting strong investor concerns regarding the company's outlook.
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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: 9.160
Low
20.00
Averages
24.25
High
27.00
Current: 9.160
Low
20.00
Averages
24.25
High
27.00
DA Davidson
Buy
to
Neutral
downgrade
$20 -> $14
2025-12-10
New
Reason
DA Davidson
Price Target
$20 -> $14
2025-12-10
New
downgrade
Buy
to
Neutral
Reason
DA Davidson downgraded Lakeland Industries to Neutral from Buy with a price target of $14, down from $20.
DA Davidson
Buy
to
Neutral
downgrade
$20 -> $14
2025-12-10
New
Reason
DA Davidson
Price Target
$20 -> $14
2025-12-10
New
downgrade
Buy
to
Neutral
Reason
As previously reported, DA Davidson downgraded Lakeland Industries to Neutral from Buy with a price target of $14, down from $20. The company missed Q3 expectations substantially, withdrew guidance, suspended the dividend, terminated its CFO, and noted significant end-market uncertainties ahead, the analyst tells investors in a research note. There were some silver linings, such as expectations for high-single-digit revenue growth going forward as well as the effect of cost reductions, but the firm believes that Lakeland has a lot of credibility to earn back before the stock can work again, DA Davidson added.
Roth Capital
Buy
downgrade
$27 -> $19
2025-12-10
New
Reason
Roth Capital
Price Target
$27 -> $19
2025-12-10
New
downgrade
Buy
Reason
Roth Capital lowered the firm's price target on Lakeland Industries to $19 from $27 and keeps a Buy rating on the shares. The company's results were more challenged than modeled, with fire sales were impacted by NFPA certification and AFG funding due to government shutdown, the analyst tells investors in a research note. Exacerbating the fire headwinds was weakness in LATAM and increased costs around raw materials, logistics, and other areas, the firm added.
DA Davidson
Michael Shlisky
Buy
downgrade
$23 -> $20
2025-09-11
Reason
DA Davidson
Michael Shlisky
Price Target
$23 -> $20
2025-09-11
downgrade
Buy
Reason
DA Davidson analyst Michael Shlisky lowered the firm's price target on Lakeland Industries to $20 from $23 but keeps a Buy rating on the shares. The company's Q2 EBITDA beat consensus, but the full-year outlook was reduced as tariffs and Lat Am continue to cause customer delays, the analyst tells investors in a research note. . The firm adds however that most of the headwinds appear temporary, and these customers will eventually need to purchase their equipment.
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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
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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.
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