Lakeland (LAKE) Reports Q2 2027 Earnings with Sequential Improvement
Lakeland Fire + Safety reported its fiscal second-quarter results for 2027, showing sequential improvements in revenue and profitability despite a year-over-year decline. Net sales reached $50.1 million, down 4.5% from the previous year but up 5.7% sequentially due to strong performance in the Fire segment. Gross margin improved significantly to 37%, compared with 35.9% last year and 31.4% in Q1. The company highlighted key business updates, including securing multiple tender wins across nine countries spanning various markets such as fire safety, disaster response, law enforcement, industrial, and utilities. These tenders are seen as recurring revenue opportunities over several years. Adjusted EBITDA excluding FX more than doubled to $2.7 million compared with the previous quarter. The earnings call included insights from Lakeland's leadership team on financial performance and strategic initiatives aimed at improving cash flow and margins for fiscal year 2027.
Tickers: $LAKE
Topics: financial_results forward-looking_statements management_discussion