Lakeland’s (LAKE) Fire Business Is Carrying A Bumpy Turnaround
Lakeland Industries (LAKE) reported Q2 net sales of $50.1M, down 4.5% YoY but up 5.7% sequentially. Fire segment revenue grew 2% YoY and 12% QoQ, now 52% of total sales. Net loss of $4.9M included a $3.2M impairment charge. Adjusted EBITDA rose to $2.7M, and cash flow improved by $15.1M YoY.




