Earnings call transcript: Optical Cable tops Q3 2026 sales, stock falls

Lakeland Fire and Safety posted mixed Q2 2027 results, with revenue of $50.1 million and a net loss of $4.9 million. Despite a 5.7% sequential rise in sales, the stock fell sharply after the report, indicating investor concern about the loss and foreign-exchange pressure. The company's fire segment remained the main growth engine, with revenue accounting for 52% of sales, up from 49% a year earlier.

Gross margin improved to 37.0% from 31.4% in the first quarter, driven by a better product mix and operational gains. Adjusted EBITDA excluding foreign exchange climbed to $2.7 million, up from $1.1 million in the prior quarter. Analysts forecast Lakeland will return to profitability in fiscal 2027 with earnings of $0.14 per share, and the stock may be undervalued at current levels.

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