Lakeland Industries Inc. reported a significant increase in net sales for the fiscal first quarter of 2026, achieving a record $46.7 million, which represents a 29% rise compared to the previous year. This growth was primarily driven by a 100% increase in sales of Fire Services Products, which constituted 45% of the total revenue. U.S. net sales rose by 42% to $22.5 million, while European net sales saw a remarkable increase of 102%, reaching $12.1 million. The company recorded a net loss of $3.9 million for the quarter, contrasting with a net income of $1.7 million in the same period of 2024. Despite the challenges posed by tariff uncertainties and the strategies implemented to mitigate these, Lakeland Industries maintains its previously issued guidance for fiscal year 2026, expecting revenue and adjusted EBITDA, excluding foreign exchange impacts, to remain within the projected range. The improving global tariff environment and the reduction in mitigation strategies are expected to enhance the company's gross margin and adjusted EBITDA in the subsequent quarter.
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