HUNTSVILLE, Ala., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. (“Lakeland Fire + Safety” or “Lakeland”) (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, today announced that management will attend the Lake Street 9th annual Best Ideas Growth (BIG9) Conference and the D.A. Davidson 24th Annual Diversified Industrials & Services Conference in September 2025. Lakeland President, Chief Executive Officer and Executive ...

Core Viewpoint - Lakeland Industries has completed the sale of its Decatur, Alabama warehouse for $6.1 million, which is part of a broader strategy to streamline operations and enhance profitability while providing financial flexibility for future enhancements [1][2][4]. Financial Summary - The sale price of the Decatur facility was $6.1 million, excluding customary commissions and closing expenses [3]. - The company anticipates generating annual savings of approximately $1 million for the remainder of fiscal year 2026 from this sale and other planned closures [4]. - Additional initiatives are expected to yield an extra $3 million in annualized savings, with benefits anticipated in the second half of fiscal 2026 [4]. Operational Strategy - The sale is part of Lakeland's operational consolidation strategy aimed at enhancing efficiency and reducing costs [4]. - The company is searching for a new, upgraded warehouse, logistics, and lab facility in a more strategic location to replace the Decatur facility [2]. - The short-term leaseback arrangement allows the company to maintain operational continuity while exploring alternative sites [3]. Future Outlook - The company is focused on growing top-line revenue through the implementation of operating and manufacturing efficiencies, including the consolidation of warehousing and logistics [5]. - These efforts are expected to enable higher margins and create a more agile and cost-effective organization in the long term [5].

Company Overview - Lakeland Industries, Inc. is a leading global manufacturer of protective clothing and apparel for various sectors including industry, healthcare, and first responders [3] - The company offers a comprehensive line of fire services and industrial protective clothing and accessories, catering to a wide range of industries such as oil, chemical, automotive, construction, and pharmaceuticals [3] Upcoming Financial Results - Lakeland will host a conference call on September 9, 2025, at 4:30 p.m. Eastern Time to discuss its financial results for the fiscal second quarter of 2026, which ended on July 31, 2025 [1][2] - A press release detailing these financial results will be issued prior to the call [1] Conference Call Details - The call will be led by Lakeland's President and CEO Jim Jenkins, and CFO Roger Shannon, followed by a question-and-answer session [2] - Access information for the call includes a dial-in number and a webcast link, with a replay available for three months post-call [2] Global Sales and Distribution - Lakeland's products are sold globally through in-house sales teams and authorized independent sales representatives, reaching over 50 countries [3] - The company supplies to various end-users including governmental agencies, fire departments, and law enforcement, as well as industries like high-tech electronics and medical laboratories [3]

Core Points - Lakeland Industries, Inc. declared a cash dividend of $0.03 per share for its fiscal third quarter of 2026, payable on August 22, 2025, to stockholders of record as of August 15, 2025 [1] Company Overview - Lakeland Fire + Safety is a global manufacturer of protective clothing and apparel for various sectors including industry, healthcare, and first responders [2] - The company sells a comprehensive line of fire services and industrial protective clothing and accessories through in-house sales teams and authorized independent sales representatives [2] - Lakeland's products are distributed globally, serving industries such as oil, chemical, automobile, transportation, and healthcare, among others [2] - The company has a diverse international market presence, selling to over 50 countries, with significant sales in China, the EEC, Canada, and several Latin American countries [2]

Core Points - The Government of British Columbia has approved a new First Nations Woodland Licence in the Smithers area, marking a significant milestone in the partnership between West Fraser Timber Co. Ltd. and Lake Babine Nation Forestry Limited Partnership [1][2] - This new licence is a result of contributions from West Fraser and LBN Forestry, aimed at enhancing timber tenure collaboration in British Columbia's forest sector [1][5] Company Overview - West Fraser is a diversified wood products company with over 50 facilities across Canada, the United States, the United Kingdom, and Europe, focusing on sustainable forest practices [8] - The company produces a variety of products including lumber, engineered wood products, pulp, and newsprint, which are utilized in home construction and industrial applications [8] Indigenous Partnership - The partnership between West Fraser and Lake Babine Nation is designed to integrate Indigenous knowledge with modern forestry practices, ensuring sustainable resource management and economic opportunities for the Lake Babine Nation [3][4] - Lake Babine Nation has established its forestry company in 2016, emphasizing the importance of growing its role in forestry and forest management [9] Economic Impact - The collaboration is expected to create jobs and strengthen the forest economy in British Columbia, benefiting local communities [8] - The new licence builds on previous agreements, including a Joint Development Agreement signed in April 2024 and a Log Supply and Forest Management Agreement signed in January 2025, indicating a long-term commitment to this partnership [7]

Core Insights - Lakeland Industries, Inc. announced a $3.1 million shipment of fire intervention boots to the Italian Ministry of the Interior as part of a four-year supply contract [2][5] - This order is expected to significantly impact Lakeland's fiscal year 2026 results and reflects the company's strong partnership with the Italian Fire Brigade [5][7] - The Jolly intervention fire boot model exceeds the EN 15090:2012 standards, emphasizing comfort, safety, and performance [6][7] Company Overview - Lakeland Fire + Safety specializes in protective clothing and apparel for various sectors, including industry, healthcare, and first responders [11] - The company has a global sales network and supplies products to numerous industries, including oil, chemical, transportation, and government agencies [11] - Lakeland's acquisition of Jolly Scarpe has expanded its fire product offerings and enhanced its presence in Europe and other international markets [8][9] Product Details - The Jolly intervention fire boot is made from sustainable, full-grain tanned leather and features a GORE-TEX CROSSTECH lining for protection against pathogens and hazardous chemicals [6] - The boot's outsole is engineered for maximum heat resistance and grip under extreme conditions, showcasing the company's commitment to quality [6][7] - Lakeland is also working on bringing a NFPA-certified Jolly fire boot to the U.S. market, which is the largest market for fire turnout gear [9]

Core Viewpoint - Lakeland Industries is implementing a cost reduction strategy that includes the closure of two facilities, aiming for a total annual savings of $4 million to enhance operational efficiency and profitability [1][2]. Group 1: Cost Reduction Initiatives - The planned closures of the Hull warehouse and Quitman manufacturing facility are expected to generate annual savings of approximately $1 million for the remainder of fiscal year 2026 [2]. - Additional initiatives have been identified that are projected to yield an extra $3 million in annualized savings, with benefits anticipated in the second half of fiscal 2026 [2]. Group 2: Strategic Focus - The company is focused on operational efficiency, regional consolidation, and long-term growth, as stated by the CEO [3]. - Lakeland is committed to supporting affected employees and maintaining service continuity for its global customer base [3]. Group 3: Future Plans - Over the next 12 to 24 months, Lakeland will continue to consolidate warehousing, logistics, and manufacturing operations globally to create a more agile and cost-effective organization [4]. - The company is rolling out a global ERP system and implementing Lean Six Sigma initiatives to improve planning accuracy, forecasting capabilities, and operational intelligence [4].

Company Overview - Lakeland Industries, Inc. is a leading global manufacturer of protective clothing and apparel for industry, healthcare, and first responders [1] - The company has a comprehensive line of fire services and industrial protective clothing and accessories, sold globally through various distribution channels [6][7] Recent Developments - Lakeland has been added to the Russell 3000 Index and Russell 2000 Index effective after the U.S. market close on June 27, 2025, as part of FTSE Russell's annual reconstitution [1][2] - The company reported a sales revenue growth of 29%, driven by a 100% increase in Fire Services revenue [2] Strategic Initiatives - Lakeland has completed four acquisitions in the past twelve months and is actively pursuing further M&A opportunities, particularly in the fire suit rental, decontamination, and services sectors [2] - The company aims to consolidate the fragmented fire market and expand its global product offerings and customer base [2] Market Context - The Russell indexes are widely utilized by investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against them as of June 2024 [3] - FTSE Russell, the global index provider, calculates thousands of indexes covering 98% of the investable market globally, with about $18.1 trillion benchmarked to its indexes [4]

Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective [1] - The approach does not prioritize market-driven dynamics or future price action, instead emphasizing long-term earnings power and competitive dynamics [1] - Most recommendations will be holds, indicating a cautious approach to market conditions, with only a small fraction of companies deemed suitable for purchase at any time [1] Group 2 - The articles aim to provide important information for future investors and introduce skepticism in a generally bullish market [1] - There is a clear distinction made between the author's opinions and professional investment advice, emphasizing the need for readers to conduct their own due diligence [2][3]

Financial Performance & Guidance - Lakeland's LTM (Last Twelve Months) Revenue is $1776 million[11] and LTM Adjusted EBITDA excluding FX is $141 million[11] - Q1 2026 revenue increased by 29% to $467 million compared to $363 million in Q1 2025[49, 68] - The company anticipates FY26 revenue between $210 million and $220 million, and Adjusted EBITDA excluding FX between $24 million and $29 million[50, 68] - Q1 2026 Adjusted EBITDA excluding FX was $06 million, a significant decrease from $38 million in Q1 2025[49] Acquisitions & Strategy - Lakeland has been actively expanding through acquisitions, including Veridian Limited, LHD Group, Jolly Scarpe, and Pacific Helmets[12] - The company aims to solidify its position as a full-service vendor for head-to-toe safety apparel and services through strategic priorities like M&A and product line extensions[30] - Lakeland is focused on building a premier global fire brand by investing in high-growth geographies and optimizing operations[30] Market & Competitive Position - The total addressable market for industrial safety is approximately $11 billion with a mid-to-high-single-digit growth rate[27] - Lakeland emphasizes its competitive advantages, including a company-owned global manufacturing base, a diversified product portfolio, and fast delivery lead times[32, 33, 34] Financial Position - As of April 30, 2025, Lakeland has $186 million in cash and $247 million in debt[11] - Lakeland closed a Public Offering of 2,093,000 shares of its common stock for net proceeds of approximately $428 million on January 24, 2025[12]