Recent News
June 30, 2025 — Lakeland added to the Russell 3000 and Russell 2000 indexes following reconstitution. July 21, 2025 — the company announced planned closures of Hull (U.K.) and Quitman, AR facilities as part of a consolidation plan targeting roughly $4.0 million in annual cost reductions. July 23, 2025 — Lakeland’s Jolly Scarpe shipped a $3.1 million fire-boot order to the Italian Ministry of the Interior under a multi‑year supply arrangement. August 1, 2025 — the Board declared a cash dividend of $0.03 per share for the fiscal third quarter, payable August 22, 2025. August 27, 2025 — the company completed a $6.1 million sale and partial leaseback of its Decatur, AL warehouse. September 15, 2025 — Lakeland announced a roughly $5.6 million three‑year contract to provide decontamination, care and maintenance services for the Hong Kong Fire Services Department and disclosed acquisitions expanding its U.S. PPE recon footprint.
Technical Analysis
ADX reads 14.31, below 20, which indicates no established trend; that low-strength backdrop limits conviction for sustained directional moves despite short-term momentum.
Directional indicators show constructive breadth: DI+ recently staged a dip-and-reversal while DI- decreased, both signals that favor upside pressure in the near term when combined with a low ADX.
MACD recorded a dip-and-reversal while remaining slightly negative at -0.01, signaling a nascent shift toward bullish momentum even though the oscillator sits below zero; the pattern supports short-term mean reversion rather than a directional breakout.
MRO stands at -13.68, which indicates price currently trades below the model target and therefore carries potential to increase; the recent peak-and-reversal in momentum reduces that potential relative to a cleaner negative reading but still points toward upward mean reversion pressure.
RSI at 50.59 after a dip-and-reversal reflects neutral momentum with room to run; absence of overbought levels lowers the probability of an immediate pullback.
Price trades around $14.96, above short-term averages (20‑day $14.64, 50‑day $14.57) but well below the 200‑day average of $18.57, placing the stock in a recovery phase inside a longer-term downtrend; the 20‑day Bollinger band width remains narrow, implying limited immediate volatility but potential for directional expansion if momentum persists.
Volatility measures (42‑day beta 1.65, 52‑week beta 1.27) indicate headline-driven moves may amplify intraperiod swings; current volume sits below the 10‑day average, which temper the momentum until participation rises.
Fundamental Analysis
Revenue totaled $46,746,000 with gross profit of $15,644,000, producing a gross margin of 33.47%. YoY revenue growth registers 0.25% while revenue fell 86.65% QoQ per the provided QoQ figure; the small annual growth paired with a large sequential decline signals recent timing or seasonal effects rather than sustained top-line acceleration.
Operating performance remained challenged: EBIT at -$4,528,000 and EBITDA at -$3,390,000 produced an EBIT margin of -9.69%, down 75.21% QoQ and down 258.92% YoY; that EBIT margin sits below the industry peer mean of 0.14553.
Net income logged at -$3,913,000 and return on equity at -2.73% reflect negative profitability despite continued revenue mix gains in higher‑value fire and services products. Earnings per share came in at $0.45 versus an estimate of $0.06, yielding an EPS surprise of 650%.
Cash and liquidity provide a clear buffer: cash and short‑term investments $18,618,000, current ratio 3.88 and quick ratio 1.51 support near‑term obligations while net debt totals $7,665,000. Operating cash flow ran negative at -$4,841,000 and free cash flow at -$6,050,000, producing a free cash flow yield of -3.40% despite year‑over‑year improvement in that metric.
Valuation metrics show mixed signals: price‑to‑book at 1.24 sits below the industry peer mean of 4.25336, while enterprise‑to‑revenue (EVR) reads 4.27. WMDST values the stock as over‑valued, reflecting the combination of negative operating margins, negative cash flows, and an EVR that implies high multiples relative to current profitability.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-04-30 |
| REPORT DATE: | 2025-09-09 |
| NEXT REPORT DATE: | 2025-12-09 |
| CASH FLOW | Begin Period Cash Flow | $ 17.5 M |
| Operating Cash Flow | $ -4.84 M | |
| Capital Expenditures | $ -1.21 M | |
| Change In Working Capital | $ -3.08 M | |
| Dividends Paid | $ -285.00 K | |
| Cash Flow Delta | $ -3.08 M | |
| End Period Cash Flow | $ 18.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 46.7 M | |
| Forward Revenue | $ -13.00 M | |
| COSTS | ||
| Cost Of Revenue | $ 31.1 M | |
| Depreciation | $ 1.1 M | |
| Depreciation and Amortization | $ 1.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 51.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 15.6 M | |
| EBITDA | $ -3.39 M | |
| EBIT | $ -4.53 M | |
| Operating Income | $ -4.63 M | |
| Interest Income | — | |
| Interest Expense | $ 583.0 K | |
| Net Interest Income | $ -583.00 K | |
| Income Before Tax | $ -5.11 M | |
| Tax Provision | $ -1.20 M | |
| Tax Rate | 23.4 % | |
| Net Income | $ -3.91 M | |
| Net Income From Continuing Operations | $ -3.91 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.06 | |
| EPS Actual | $ 0.45 | |
| EPS Difference | $ 0.39 | |
| EPS Surprise | 650.0 % | |
| Forward EPS | $ 0.46 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 218.1 M | |
| Intangible Assets | $ 43.2 M | |
| Net Tangible Assets | $ 100.2 M | |
| Total Current Assets | $ 140.7 M | |
| Cash and Short-Term Investments | $ 18.6 M | |
| Cash | $ 18.6 M | |
| Net Receivables | $ 27.6 M | |
| Inventory | $ 85.8 M | |
| Long-Term Investments | $ 380.0 K | |
| LIABILITIES | ||
| Accounts Payable | $ 14.7 M | |
| Short-Term Debt | $ 1.6 M | |
| Total Current Liabilities | $ 36.3 M | |
| Net Debt | $ 7.7 M | |
| Total Debt | $ 40.2 M | |
| Total Liabilities | $ 74.7 M | |
| EQUITY | ||
| Total Equity | $ 143.4 M | |
| Retained Earnings | $ 46.1 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 15.10 | |
| Shares Outstanding | 9.514 M | |
| Revenue Per-Share | $ 4.92 | |
| VALUATION | Market Capitalization | $ 178.1 M |
| Enterprise Value | $ 199.7 M | |
| Enterprise Multiple | -58.914 | |
| Enterprise Multiple QoQ | 386.915 % | |
| Enterprise Multiple YoY | -266.562 % | |
| Enterprise Multiple IPRWA | high: 234.897 median: 76.655 mean: 69.1 LAKE: -58.914 low: -228.246 |
|
| EV/R | 4.272 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.521 | |
| Asset To Liability | 2.918 | |
| Debt To Capital | 0.219 | |
| Debt To Assets | 0.184 | |
| Debt To Assets QoQ | 23.806 % | |
| Debt To Assets YoY | 1360.856 % | |
| Debt To Assets IPRWA | high: 1.297 mean: 0.242 LAKE: 0.184 median: 0.167 low: 0.002 |
|
| Debt To Equity | 0.28 | |
| Debt To Equity QoQ | 29.943 % | |
| Debt To Equity YoY | 1521.214 % | |
| Debt To Equity IPRWA | high: 2.971 mean: 0.402 LAKE: 0.28 median: 0.266 low: -1.733 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.242 | |
| Price To Book QoQ | -10.071 % | |
| Price To Book YoY | 22.033 % | |
| Price To Book IPRWA | high: 19.098 median: 4.499 mean: 4.253 LAKE: 1.242 low: -7.981 |
|
| Price To Earnings (P/E) | -45.738 | |
| Price To Earnings QoQ | -93.565 % | |
| Price To Earnings YoY | -158.289 % | |
| Price To Earnings IPRWA | high: 246.592 median: 104.657 mean: 84.956 LAKE: -45.738 low: -204.468 |
|
| PE/G Ratio | -0.036 | |
| Price To Sales (P/S) | 3.81 | |
| Price To Sales QoQ | -12.283 % | |
| Price To Sales YoY | 8.631 % | |
| Price To Sales IPRWA | high: 154.906 mean: 20.825 median: 20.417 LAKE: 3.81 low: 0.297 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 42.584 | |
| Forward PE/G | 0.034 | |
| Forward P/S | -13.724 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -296.934 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.217 | |
| Asset Turnover Ratio QoQ | -3.687 % | |
| Asset Turnover Ratio YoY | -2.764 % | |
| Asset Turnover Ratio IPRWA | high: 0.482 LAKE: 0.217 mean: 0.159 median: 0.135 low: 0.0 |
|
| Receivables Turnover | 1.693 | |
| Receivables Turnover Ratio QoQ | -1.682 % | |
| Receivables Turnover Ratio YoY | -4.595 % | |
| Receivables Turnover Ratio IPRWA | high: 3.864 LAKE: 1.693 mean: 1.492 median: 1.457 low: 0.477 |
|
| Inventory Turnover | 0.369 | |
| Inventory Turnover Ratio QoQ | 2.688 % | |
| Inventory Turnover Ratio YoY | -1.61 % | |
| Inventory Turnover Ratio IPRWA | high: 2.773 mean: 0.739 median: 0.714 LAKE: 0.369 low: 0.003 |
|
| Days Sales Outstanding (DSO) | 53.911 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 279.586 | |
| Cash Conversion Cycle Days QoQ | 7.812 % | |
| Cash Conversion Cycle Days YoY | 8.198 % | |
| Cash Conversion Cycle Days IPRWA | high: 401.407 LAKE: 279.586 mean: 139.377 median: 114.45 low: -252.738 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.448 | |
| CapEx To Revenue | -0.026 | |
| CapEx To Depreciation | -1.062 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 168.0 M | |
| Net Invested Capital | $ 169.7 M | |
| Invested Capital | $ 169.7 M | |
| Net Tangible Assets | $ 100.2 M | |
| Net Working Capital | $ 104.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.513 | |
| Current Ratio | 3.88 | |
| Current Ratio QoQ | -0.807 % | |
| Current Ratio YoY | -28.058 % | |
| Current Ratio IPRWA | high: 16.236 LAKE: 3.88 mean: 2.263 median: 1.849 low: 0.353 |
|
| Quick Ratio | 1.513 | |
| Quick Ratio QoQ | -1.798 % | |
| Quick Ratio YoY | -44.675 % | |
| Quick Ratio IPRWA | high: 9.867 mean: 1.643 LAKE: 1.513 median: 1.303 low: 0.411 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -11.863 | |
| Cost Of Debt | 1.243 % | |
| Interest Coverage Ratio | -7.767 | |
| Interest Coverage Ratio QoQ | -73.652 % | |
| Interest Coverage Ratio YoY | -160.365 % | |
| Interest Coverage Ratio IPRWA | high: 274.877 mean: 25.455 median: 15.82 LAKE: -7.767 low: -384.45 |
|
| Operating Cash Flow Ratio | -0.192 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 49.64 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -13.73 | |
| Dividend Payout Ratio | -0.073 | |
| Dividend Rate | $ 0.03 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.633 % | |
| Revenue Growth | 0.253 % | |
| Revenue Growth QoQ | -86.649 % | |
| Revenue Growth YoY | -98.441 % | |
| Revenue Growth IPRWA | high: 40.459 % median: 7.569 % mean: 7.491 % LAKE: 0.253 % low: -31.512 % |
|
| Earnings Growth | 1266.667 % | |
| Earnings Growth QoQ | -416.667 % | |
| Earnings Growth YoY | -570.476 % | |
| Earnings Growth IPRWA | LAKE: 1266.667 % high: 200.0 % median: 15.596 % mean: 14.638 % low: -227.273 % |
|
| MARGINS | ||
| Gross Margin | 33.466 % | |
| Gross Margin QoQ | -16.527 % | |
| Gross Margin YoY | -24.919 % | |
| Gross Margin IPRWA | high: 94.498 % mean: 56.987 % median: 56.435 % LAKE: 33.466 % low: 6.0 % |
|
| EBIT Margin | -9.686 % | |
| EBIT Margin QoQ | -75.208 % | |
| EBIT Margin YoY | -258.917 % | |
| EBIT Margin IPRWA | high: 33.87 % median: 20.382 % mean: 14.553 % LAKE: -9.686 % low: -1000.426 % |
|
| Return On Sales (ROS) | -9.686 % | |
| Return On Sales QoQ | -75.208 % | |
| Return On Sales YoY | -258.917 % | |
| Return On Sales IPRWA | high: 35.533 % median: 18.417 % mean: 12.914 % LAKE: -9.686 % low: -1349.836 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -6.05 M | |
| Free Cash Flow Yield | -3.397 % | |
| Free Cash Flow Yield QoQ | 99.941 % | |
| Free Cash Flow Yield YoY | 2397.794 % | |
| Free Cash Flow Yield IPRWA | high: 11.539 % mean: 0.737 % median: 0.679 % LAKE: -3.397 % low: -40.868 % |
|
| Free Cash Growth | 75.77 % | |
| Free Cash Growth QoQ | -221.995 % | |
| Free Cash Growth YoY | -171.068 % | |
| Free Cash Growth IPRWA | high: 337.277 % LAKE: 75.77 % mean: 9.042 % median: -1.288 % low: -261.538 % |
|
| Free Cash To Net Income | 1.546 | |
| Cash Flow Margin | -14.917 % | |
| Cash Flow To Earnings | 1.782 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -1.817 % | |
| Return On Assets QoQ | -79.614 % | |
| Return On Assets YoY | -278.839 % | |
| Return On Assets IPRWA | high: 19.773 % median: 2.151 % mean: 1.813 % LAKE: -1.817 % low: -72.965 % |
|
| Return On Capital Employed (ROCE) | -2.49 % | |
| Return On Equity (ROE) | -0.027 | |
| Return On Equity QoQ | -78.298 % | |
| Return On Equity YoY | -306.586 % | |
| Return On Equity IPRWA | high: 0.769 median: 0.035 mean: 0.002 LAKE: -0.027 low: -1.731 |
|
| DuPont ROE | -2.699 % | |
| Return On Invested Capital (ROIC) | -2.044 % | |
| Return On Invested Capital QoQ | -81.203 % | |
| Return On Invested Capital YoY | -70.121 % | |
| Return On Invested Capital IPRWA | high: 20.851 % median: 2.936 % mean: 2.933 % LAKE: -2.044 % low: -30.099 % |
|