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LHD Group Hong Kong Activates Contingency Response to Support HKFSD During Taipo High-Rise Fire
Globenewswire· 2025-12-04 13:31
Core Viewpoint - Lakeland Industries, Inc. has demonstrated its commitment to supporting emergency services through its Hong Kong operation, LHD Hong Kong, which played a crucial role in ensuring the operational readiness of firefighters during a significant fire incident in Taipo, Hong Kong [1][7]. Group 1: Incident Response - LHD Hong Kong assisted the Hong Kong Fire Services Department (HKFSD) during a high-rise fire on November 26, 2025, deploying over 700 firefighters [1]. - The operation required rapid cleaning and servicing of firefighter personal protective equipment (PPE), with LHD Hong Kong activating its contingency response to maintain gear functionality [2][3]. Group 2: Operational Efficiency - From November 27 to December 2, LHD Hong Kong processed 1,171 sets of garments, returning 978 sets, showcasing an effective scaling of output to meet increased demand [5]. - The company maintained service pledges, ensuring laundered suits were returned within 4 working days and repaired suits within 12 days, despite the surge in volume [8]. Group 3: Lifecycle Management - The incident highlighted the importance of professional PPE care, with LHD Hong Kong exemplifying a holistic approach to PPE lifecycle management that includes advanced facilities and rigorous quality control [6]. - The "LHD Care" philosophy emphasizes the critical role of dependable PPE maintenance in emergency response systems [6].
Lakeland Fire + Safety Secures Order from Fire and Rescue Department of Malaysia for Firefighter Personal Protective Equipment
Globenewswire· 2025-12-03 13:31
Core Insights - Lakeland Industries has secured an order from the Fire and Rescue Department of Malaysia for firefighter personal protective equipment, indicating a strong foothold in the Southeast Asian market [1][3] - The order highlights the potential for additional future orders from Bomba, as Lakeland aims to expand its presence in the high-growth Asia Pacific region [3][4] - The transaction showcases Lakeland's ability to leverage its local sales force and marketing team for effective cross-selling opportunities across its product portfolio [4] Company Overview - Lakeland Fire + Safety is a global manufacturer of protective clothing for various sectors, including industry, healthcare, and first responders, with a comprehensive line of fire services and industrial protective clothing [5] - The company sells its products globally through in-house sales teams and authorized independent sales representatives, catering to a diverse range of industries and governmental agencies [5] - Lakeland operates in over 50 countries, with significant sales in regions such as China, the European Economic Community, and Southeast Asia [5]
Lakeland Fire + Safety to Host Fiscal Third Quarter 2026 Financial Results Conference Call on Tuesday, December 9, 2025 at 4:30 p.m. Eastern Time
Globenewswire· 2025-11-25 13:31
Core Viewpoint - Lakeland Industries, Inc. will host a conference call on December 9, 2025, to discuss its financial results for the fiscal third quarter of 2026, which ended on October 31, 2025 [1]. Group 1: Conference Call Details - The conference call is scheduled for December 9, 2025, at 4:30 p.m. Eastern Time [2]. - Participants can access the call via a dial-in number or through a webcast link provided [2]. - A telephone replay of the call will be available for three months after the event [2]. Group 2: Company Overview - Lakeland Fire + Safety manufactures protective clothing and accessories for various industries, including healthcare and first responders [3]. - The company sells its products globally through in-house sales teams and authorized independent sales representatives [3]. - Key markets served include oil, chemical, automotive, construction, and governmental agencies, with international sales to over 50 countries [3].
Lakeland Advances Growth Strategy Through California PPE Expansion
Globenewswire· 2025-11-19 13:31
Core Insights - Lakeland Industries is expanding its service capabilities through its subsidiary California PPE by leasing a new 8,000 square-foot facility in Fresno, CA, aimed at enhancing operational capacity and service offerings in the firefighting market [1][2][3] Facility Expansion - The new facility will support increased throughput for decontamination, inspection, repair services, and rental gear logistics, as well as enhanced training capacity for fire service clients [2][3] - The half-acre site allows for additional support space and efficient scaling as demand grows [2] Strategic Rationale - The expansion is a significant milestone for Lakeland's U.S. service platform, reflecting confidence in the long-term growth of the fire service PPE market [5][8] - Enhanced infrastructure will enable faster turnaround times and improved workflows, allowing for potential additional shifts and new service modalities [3][8] Future Growth Opportunities - Future services may include expanded rental gear programs, training, and consulting for NFPA 1850 care and maintenance standards, aligning with Lakeland's service-oriented growth objectives [8]
Lakeland Fire + Safety Declares Cash Dividend for Fourth Quarter 2026
Globenewswire· 2025-11-03 21:05
Core Points - Lakeland Industries, Inc. declared a cash dividend of $0.03 per share for its fiscal fourth quarter of 2026, to be paid on November 24, 2025, to stockholders of record as of November 17, 2025 [1] Company Overview - Lakeland Fire + Safety manufactures and sells a wide range of protective clothing and accessories for industrial and first responder markets, with a global sales network [2] - The company serves various industries including oil, chemical, automotive, transportation, and healthcare, supplying both governmental agencies and private sector clients [2] - Lakeland's international sales extend to over 50 countries, with significant markets in China, the European Economic Community, Canada, and several countries in Latin America and Asia [2]
Lakeland Fire + Safety Awarded USD $5.6 Million Contract from Hong Kong Fire Services Department
Globenewswire· 2025-09-15 12:31
Core Insights - Lakeland Industries, Inc. has secured a three-year contract valued at approximately USD $5.6 million with the Hong Kong Fire Services Department for advanced decontamination and maintenance services for firefighter protective gear [1][3][4] Company Overview - Lakeland Fire + Safety is a leading global manufacturer of protective clothing and apparel for various sectors, including industry, healthcare, and first responders [1][6] - The company has been supplying firefighter ensembles to the Hong Kong Fire Services Department since 2011 and has a strong presence in the Asia Pacific market [2][4] Contract Details - The contract will cover advanced decontamination services and maintenance for an estimated 14,500 firefighter ensembles annually, enhancing firefighter safety by removing harmful carcinogens [3][4] - The contract was awarded through a competitive selection process involving several leading companies in the industry [3] Financial Performance - In the fiscal second quarter of 2026, Lakeland reported a 36% increase in net sales to a record USD $52.5 million, driven by a 113% increase in fire services products [5] - Sales in the Asian market reached USD $3.7 million for the same quarter, representing 7% of total revenue, indicating significant growth potential in this region [5]
Lakeland Fire + Safety Completes Sale of Decatur, Alabama Warehouse Facility in Connection with Capital Reallocation Initiatives
Globenewswire· 2025-08-27 12:31
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].
Lakeland Fire + Safety to Host Fiscal Second Quarter 2026 Financial Results Conference Call on Tuesday, September 9, 2025 at 4:30 p.m. Eastern Time
Globenewswire· 2025-08-26 12:31
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]
Lakeland Fire + Safety Declares Cash Dividend for Third Quarter 2026
Globenewswire· 2025-08-01 20:05
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]
Lakeland Fire + Safety Announces Closure of Hull, UK and Quitman, Arkansas Facilities as Part of Strategic Consolidation Plan
Globenewswire· 2025-07-21 12:31
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].