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Lakeland Industries, Inc. (Nasdaq: LAKE) is a global manufacturer specializing in personal protective clothing and accessories. The company designs and produces industrial protective gear to safeguard individuals in hazardous environments and protect processes from contamination. Its products serve diverse industries, including industrial, fire services, and government agencies, and are distributed worldwide through a network of safety and industrial supply distributors.
- Disposables - Manufactures lightweight protective clothing for industrial and healthcare applications, including coveralls and lab coats.
- High Visibility - Produces brightly colored protective clothing designed to enhance worker visibility in hazardous environments.
- Chemical Protective Suits - Develops suits that provide protection against chemical exposure for industrial and emergency response applications.
- Fire Services - Offers specialized protective gear for structural and wildland firefighting, including turnout gear, helmets, gloves, and hoods.
- High Performance Wear - Creates fire-resistant and arc-resistant clothing for energy, utilities, and industrial sectors.
- Wovens - Produces durable protective clothing made from woven fabrics for industrial use.
- Gloves - Manufactures protective gloves for industrial and emergency applications.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
James M. Jenkins ExecutiveBoard | President and Chief Executive Officer | Director at Mars Acquisition Corp. | James M. Jenkins has been the President and Chief Executive Officer of Lakeland Industries, Inc. since June 1, 2024, after serving as Acting CEO from February 1, 2024. He also holds board positions, including Executive Chairman and Director, demonstrating strong leadership in strategic development and corporate governance. | View Report → |
Hui (Helena) An Executive | Chief Operating Officer | Hui (Helena) An has served as the Chief Operating Officer at LAKE since April 6, 2023. Previously, she was the Vice President of Procurement and Asia Manufacturing from 2018 to April 2023, significantly contributing to the expansion of the company's manufacturing footprint in Asia. | ||
Joshua Sletten Executive | Vice President of Corporate Development and Strategy | Joshua Sletten is the Vice President of Corporate Development and Strategy at LAKE since April 6, 2023. He previously served as the Vice President of Corporate Development starting in June 2021. | ||
Roger D. Shannon Executive | Chief Financial Officer | Roger D. Shannon has been the Chief Financial Officer at Lakeland Industries since February 1, 2023 and also serves as Secretary since February 1, 2024. He brings over 35 years of financial and executive leadership experience from roles at ADTRAN, Inc., Charah Solutions, Inc., and Steel Technologies, LLC. | ||
Jeffrey T. Schlarbaum Board | Director | CEO of Spartronics | Jeffrey T. Schlarbaum has served as a Director at Lakeland Industries, Inc. since 2017 and is the Chairman of the Audit Committee as of the fiscal year ended January 31, 2024. | |
Martin G. Glavin Board | Director | Board Member at Three + One, Inc. | Martin G. Glavin is a Class II director at LAKE, effective February 1, 2024, and serves as an Audit Committee Member and audit committee financial expert. Previously, he held executive leadership roles at iVEDiX, Inc. and spent 12 years at PricewaterhouseCoopers LLP and KPMG. | |
Melissa Kidd Board | Director | Senior Vice President, Sales at Atkore Inc. | Melissa Kidd serves as a Director at Lakeland Industries since 2023 and participates on both the Compensation and Nominating and Governance Committees. | |
Nikki L. Hamblin Board | Director at Lakeland Industries, Inc. | Managing Director, Intermediary Sales at Manning & Napier Advisors, LLC | Nikki L. Hamblin has served as Director at Lakeland Industries, Inc. since April 2021, and she brings extensive experience in investment banking and finance from her roles at Manning & Napier Advisors, LLC and other firms. | |
Ronald Herring Board | Director | Chairperson of the Board of Advisors at C.N. Associates, Inc. | Ronald Herring has served as Director at Lakeland Industries since June 14, 2023. He brings extensive expertise from previous leadership roles, including significant contributions in the safety products and radiation protection industries. | |
Thomas J. McAteer Board | Lead Independent Director | Executive Vice President of Management Development and Strategic Initiatives at Suffolk Transportation; Chairman of the Board at New World Medical Network | Thomas J. McAteer has served as the Lead Independent Director at LAKE since 2011 and is also Chairman of the Compensation Committee as of January 2024, bringing extensive strategic oversight to the Board. |
- With multiple recent acquisitions like LHD and Jolly, and the inventory adjustments affecting margins, can you provide more granularity on how you plan to achieve your guidance of $165 million in revenue and $18 million in EBITDA, especially considering that margins need to jump significantly in Q4 to meet these targets?
- Given the multiyear backlog at LHD due to previous financial distress, how confident are you in shipping 80-90% of this backlog in Q4, and what risks could impede this progress?
- After initial friction in transitioning the LineDrive agreement which led to a disappointing first quarter kickoff, what specific measures have you taken to ensure sustained momentum and improve performance going forward?
- With plans to expand services like decontamination in LATAM and other regions where regulations are strict, how do you intend to scale these services globally, and what challenges do you anticipate in making them significant revenue contributors in fiscal 2026?
- While organic gross margins have improved by 200 basis points, overall gross margins declined due to lower margins from acquisitions and higher inbound freight expenses; how do you plan to manage these costs to improve margins while continuing your acquisition strategy in the fragmented fire services market?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
One of the competitors with substantially greater financial, marketing, and sales resources, which poses significant competitive pressures in the disposable and reusable garments and gloves markets. | |
A competitor with significantly greater financial and other resources, contributing to competitive pressures in the safety products market. | |
Ansell | A competitor with substantial financial, marketing, and sales resources, impacting the competitive landscape in the disposable and reusable garments and gloves markets. |
A competitor with considerably greater financial and other resources, influencing competition in the safety products industry. | |
A competitor with significantly greater financial, marketing, and sales resources, affecting the competitive dynamics in the disposable and reusable garments and gloves markets. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Veridian | 2025 | The acquisition was completed in December 2025 and, although deal value details were not disclosed, it strategically strengthens Lakeland's market share in the U.S. and Latin America by adding Veridian’s leading firefighter protective apparel capabilities, aligning with its global fire services brand strategy. |
Jolly Scarpe S.p.A. and Jolly Scarpe Romania S.R.L. | 2024 | Completed on February 5, 2024 as an all‐cash deal valued at approximately $9.3 million (including deferred components), this acquisition boosts Lakeland’s global fire services portfolio with specialized professional footwear for emergency services and is expected to add $14–$16 million in annual revenue. |
LHD Group Deutschland GmbH (and subsidiaries in Hong Kong and Australia) | 2024 | An all‐cash transaction valued at approximately $16.3 million, this acquisition enhances Lakeland’s product offering and geographic reach in major fire markets, introduces recurring revenues through fire suit services, and retains key employee teams across Germany, Australia, and Hong Kong. |
Pacific Helmets NZ Limited | 2023 | Completed on November 30, 2023 in an all‐cash transaction for NZ$14 million (approx. $8.6 million USD), this deal expands Lakeland’s fire service portfolio by adding a leading designer of firefighting helmets and strengthens its market presence in Oceania, North America, and elsewhere. |
Eagle Technical Products Limited | 2022 | Finalized on December 2, 2022 as an all‐cash acquisition valued at around $10.8 million (with earn-out and escrow conditions), this deal bolsters Lakeland’s protective clothing segment, particularly fireman’s turnout gear and arc flash garments, and includes key non‐competition and non‐solicitation terms to protect its competitive position in Europe, the Middle East, and Asia. |
Recent press releases and 8-K filings for LAKE.
- Q4 Revenue and Margins: Revenue surged to $46.6M (up ~49% from $31.2M in Q4 2024) with gross margins improving to 40.1% (from 35.9%) .
- Strategic Acquisitions & FY2026 Guidance: Key acquisitions—including Viridian/Veridian, LHD, Jolly Scarpe, Pacific Helmets, and Eagle—and ERP integration set the stage for guidance of $210–220M in revenue and $24–29M in adjusted EBITDA (excluding FX) .
- Capital Management: A $46M oversubscribed public equity offering reduced debt to $13.2M, thereby strengthening the balance sheet .
- Adjusted EBITDA Performance: The quarter delivered $6.1M in adjusted EBITDA excluding FX, reflecting strong organic sales despite elevated costs .
- Earnings Impact: Despite robust revenue, a net loss of $18.4M was recorded—driven by significant goodwill impairments, investment write-offs, and increased operating expenses (up to $18.8M from $14.5M) .
- Fiscal year 2025 marked a transformative period with multiple accretive acquisitions and an oversubscribed $46.0 million public equity offering, positioning the company for enhanced growth and an expected annual cash interest savings of approximately $2.5 million.
- The company expanded its portfolio globally by acquiring leading brands such as Pacific Helmets NZ Limited and Jolly Scarp, among others, to bolster its fire services and protective apparel offerings.
- Looking ahead to Fiscal Year 2026, Lakeland aims to accelerate growth and margins through further M&A activity, enhanced capital flexibility, and strategic targeting of high-margin segments in fire protection and industrial safety.
- Lakeland Fire + Safety announced a proposed public offering of common stock with a 45-day option for underwriters to purchase up to an additional 15% of the shares, subject to market conditions.
- The intended net proceeds will be used for the repayment of certain indebtedness and to support operational growth and working capital.