Lakeland Fire + Safety Added to Russell 3000® and Russell 2000® Indexes

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]