Lakeland Industries

Q2 FY2027 EarningsQ2 FY27 results presented a significant miss on the bottom line primarily due to non-cash impairment charges, despite a strong recovery in gross margins. Revenue of $50.1M slightly missed the $51.4M consensus (-2.4%), impacted by product line divestitures and prior-year high-base tender comparisons. However, gross margin of 37.0% significantly beat the 33.9% expectation (+3.08pct), driven by a favorable Fire Products mix and tariff refunds. The reported GAAP EPS of -$0.50 was well below the expected -$0.04, reflecting a $3.2M goodwill impairment and foreign exchange headwinds, though Adjusted EBITDA excluding FX improved sequentially to $2.7M.