Lakeland Inds SEC Filings

Lakeland Industries reported strong FY 2026 sales growth but weaker profitability. Net sales rose 15.2% to $192.6 million, driven by a 48.6% increase in Fire Services revenue to $93.6 million. However, gross margin fell to 32.9% from 41.1% and net loss widened to $25.3 million, or $2.63 per diluted share.

Adjusted EBITDA excluding FX dropped to $7.2 million from $17.4 million as higher costs, manufacturing underutilization and tariffs pressured margins. The company completed a sale-leaseback generating a $4.3 million gain and later divested its HPFR and HiViz product lines for about $14 million in cash, strengthening liquidity.

At January 31, 2026, Lakeland held $12.5 million of cash, $82.5 million of inventory and had $28.5 million outstanding under its revolving credit facility plus $3.8 million of other debt. It was not in compliance with certain revolver covenants but obtained a limited waiver. Management targets high single-digit revenue growth and positive operating cash flow in FY 2027, supported by portfolio simplification, NFPA 1970-certified fire products and ongoing cost and inventory initiatives.

Lakeland Industries Chief Operating Officer An Hui reported a tax-related share disposition. On April 6, 2026, 3,404 shares of common stock were delivered at $8.86 per share as a tax-withholding disposition, rather than an open-market sale. After this transaction, Hui holds 70,252 common shares directly.

Lakeland Industries has completed the sale of its high-performance flame-resistant (HPFR) and high-visibility (HiViz) workwear product line to National Safety Apparel for an aggregate purchase price of $14.0 million. The deal includes certain assets and liabilities tied to these ANSI-compliant and arc-rated garments.

As part of the transaction, the parties signed an Asset Purchase Agreement plus a transition services agreement, contract manufacturing agreement, supply agreement and other ancillary documents. Lakeland highlights that the divestiture is intended to streamline its portfolio and intensify focus on its global fire services platform and core industrial PPE strategy, while the proceeds are expected to support its balance sheet and capital flexibility.

Lakeland Industries Inc — Schedule 13G/A amendment: The Vanguard Group

The filing amends prior beneficial ownership reporting for Lakeland Industries Inc. It states that, following an internal realignment on January 12, 2026, certain Vanguard subsidiaries will report holdings separately and that Vanguard reports 0 shares beneficially owned, representing 0% of the class. The amendment is signed by Ashley Grim on 03/27/2026.

Lakeland Industries, Inc. announced that its Board of Directors has appointed Lee D. Rudow as an independent Class I director, effective April 9, 2026. His term will run until the company’s 2026 annual stockholder meeting, when he will stand for election by stockholders.

With his addition, the Board increases from seven to eight members, seven of whom are independent. Rudow, currently Chief Executive Officer of Transcat, Inc. until his planned retirement on March 28, 2026, brings more than three decades of experience in industrial markets, including leading growth and acquisition strategies. He will receive Lakeland’s standard non-employee director compensation and be eligible for equity awards and expense reimbursement.

Lakeland Industries, Inc. announced that its Board of Directors has appointed J. Calven Swinea, previously Interim Chief Financial Officer, as permanent Chief Financial Officer, effective immediately. Swinea has served as Vice President of Finance since September 2020 and became Interim CFO on January 1, 2026.

The company highlights near-term priorities of strengthening liquidity, reducing debt, improving working capital efficiency, controlling expenses, and generating sustainable free cash flow. Swinea is also leading the implementation and integration of a new Enterprise Resource Planning (ERP) system, which Lakeland expects to be fully deployed across the organization during fiscal 2027.

Management emphasizes disciplined capital allocation, inventory reduction initiatives, and integrating accretive acquisitions, with a strategic focus on expanding global fire protection and industrial products businesses while aiming to enhance margins, cash generation, and long-term shareholder value.

Lakeland Industries filed an amended report to update compensation details for its Interim Chief Financial Officer, J. Calven Swinea. The Board’s Compensation Committee approved a new base salary of $360,000 for his interim CFO role, effective retroactively to February 1, 2026. This follows his previously disclosed appointment as Interim CFO effective January 1, 2026.

Pacific Ridge Capital Partners, LLC has disclosed a significant ownership stake in Lakeland Industries, Inc. common stock. The firm reports beneficial ownership of 772,015 shares, representing 7.9% of the outstanding common stock as of the stated date.

Pacific Ridge has sole voting power over 481,357 shares and sole dispositive power over the full 772,015 shares, with no shared voting or dispositive power. The securities are stated to be acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of Lakeland Industries.

Lakeland Industries interim CFO James Calven Swinea Jr. filed a Form 4 reporting a small change in his direct ownership of company stock. On 01/31/2026, he disposed of 347 shares of common stock at $9.42 per share. After this transaction, he directly beneficially owned 6,958 shares of Lakeland Industries common stock.