Workflow
Lakeland(LAKE)
icon
Search documents
Lakeland Fire + Safety Achieves NFPA 1970 Certification for Ultimate Glow+ Leather Firefighting Gloves-NFPA 321 Series
Globenewswire· 2026-01-13 13:31
Core Insights - Lakeland Industries has achieved NFPA 1970:2025 certification for its Ultimate Glow+ Leather Firefighting Gloves, marking a significant milestone in firefighter protection and compliance [1][2][3] Group 1: Product Certification - The NFPA 1970:2025 standard introduces stringent requirements for structural firefighter gloves, focusing on heat resistance, dexterity, durability, and performance under extreme conditions [2] - The certification highlights Lakeland's capability to innovate while ensuring high quality and safety standards [2][3] - The Ultimate Glow+ Leather Firefighting Gloves are expected to be available in the market shortly [2] Group 2: Company Positioning - Lakeland is believed to be the first company to announce an NFPA 1970:2025 certified glove ready for full production, reinforcing its leadership in firefighter personal protective equipment (PPE) innovation [4] - The gloves meet the NFPA 1970:2025 restricted substances list, indicating a commitment to safety and compliance [3] Group 3: Company Overview - Lakeland Fire + Safety manufactures a wide range of protective clothing and accessories for various industries, including fire services and first responders [5] - The company operates globally, selling products through in-house sales teams and authorized distributors across more than 50 countries [5]
Lakeland Industries, Inc. (NASDAQ: LAKE) Insider Purchase and Legal Scrutiny
Financial Modeling Prep· 2026-01-05 23:00
Group 1 - Lakeland Industries, Inc. specializes in manufacturing and selling protective clothing for industrial and public safety applications [1] - Jenkins James M., the director, President, CEO, and Executive Chair of LAKE, purchased 1,126.502 shares at $8.88 per share, increasing his total ownership to 94,564.502 shares [1][6] - The company is under investigation by Rosen Law Firm and Pomerantz LLP for potential securities claims related to allegations of misleading investors [2][6] Group 2 - Following the announcement of withdrawing formal guidance and adopting a new operating model, Lakeland's stock price dropped by $5.85 per share, or nearly 39%, closing at $9.16 [3][6] - Lakeland's negative price-to-earnings (P/E) ratio is -2.43, and the negative earnings yield is -41.21%, indicating ongoing financial challenges [3][6] - The company's price-to-sales ratio is 0.47, suggesting its stock is valued at less than half of its sales per share, while the enterprise value to sales ratio is 0.65 [4] - Lakeland maintains a strong current ratio of 3.83, indicating a good ability to cover short-term liabilities with short-term assets [4] - The debt-to-equity ratio is 0.39, showing a moderate level of debt compared to equity, but the enterprise value to operating cash flow ratio is -7.84, highlighting difficulties in generating positive cash flow [5]
Rosen Law Firm Encourages Lakeland Industries, Inc. Investors to Inquire About Securities Class Action Investigation – LAKE
Businesswire· 2026-01-02 21:30
Group 1 - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Lakeland Industries, Inc. due to allegations of materially misleading business information [1] - Shareholders who purchased Lakeland securities may be entitled to compensation without any out-of-pocket fees or costs through a contingency fee arrangement [1]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lakeland Industries, Inc. - LAKE
Globenewswire· 2025-12-30 17:47
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Lakeland Industries and its officers or directors [1] Group 1: Financial Performance - On December 8, 2025, Lakeland reported its third quarter financial results and announced the withdrawal of formal guidance, indicating a shift to a more disciplined operating model focused on measurable execution, cash generation, and transparency [3] - Following this announcement, Lakeland's stock price dropped by $5.85 per share, representing a decline of 38.97%, closing at $9.16 per share on December 10, 2025 [3] Group 2: Legal Investigation - Pomerantz LLP is conducting an investigation on behalf of investors of Lakeland Industries regarding possible securities fraud or other unlawful business practices [1] - Investors are encouraged to contact Pomerantz LLP for more information regarding the class action [2]
Lakeland Industries, Inc. (NASDAQ:LAKE) Secures Significant Contract and Sees Insider Buying
Financial Modeling Prep· 2025-12-20 02:00
Group 1 - Lakeland Industries, Inc. (NASDAQ:LAKE) is recognized for its extensive range of fire and safety equipment, including products like Eagle Structural Suits, Veridian Boots, and Pacific Fire Helmets [1][5] - The company has secured a significant contract with Argentina's National Civil Aviation Administration (ANAC), indicating a strong presence in the safety equipment sector [1][4][5] - Jenkins James M., the director, President, CEO, and Executive Chair of LAKE, purchased 1,265 shares at $7.92 per share, increasing his total holdings to 93,438 shares, reflecting confidence in the company's future [2][5] Group 2 - The current stock price of LAKE is $7.94, showing a slight decrease of 3.87% or $0.32, with a daily trading range between $7.77 and $8.25 [3][5] - Over the past year, LAKE's stock has experienced significant volatility, with a high of $27.28 and a low of $7.77 [3][5] - The company's market capitalization is approximately $77.86 million, with a trading volume of 457,726 shares on the NASDAQ exchange [4]
Lakeland Fire + Safety Awarded Fire Equipment Tender by Argentina’s National Civil Aviation Administration ANAC
Globenewswire· 2025-12-18 13:31
Core Insights - Lakeland Industries, Inc. has been awarded a fire equipment tender by Argentina's National Civil Aviation Administration (ANAC) [1][2] - The contract includes a comprehensive range of fire protection equipment from multiple brands, highlighting Lakeland's integrated portfolio [3][4] Group 1: Contract Details - The tender requires a complete fire protection solution across various product categories, including Eagle structural suits, Veridian boots, Pacific fire helmets, and Lakeland proximity suits [3] - Financial terms of the agreement were not disclosed, indicating a potential confidentiality in the contract [1] Group 2: Competitive Advantage - Lakeland's ability to offer an integrated, multi-brand Fire + Safety portfolio was a key factor in securing the tender, developed through recent acquisitions and product expansion [3] - The company's sustained engagement with the Argentine fire service community allowed it to compete effectively against incumbent manufacturers and locally produced equipment [4] Group 3: Company Overview - Lakeland Fire + Safety manufactures a comprehensive line of protective clothing and accessories for various industries, including healthcare and first responders [5] - The company sells products globally, with a strategic network of distributors and partners across more than 50 countries, including significant markets like China, Canada, and the European Economic Community [5]
Lakeland Fire + Safety Awarded Fire Equipment Tender by Argentina's National Civil Aviation Administration ANAC
Globenewswire· 2025-12-18 13:31
Core Insights - Lakeland Industries, Inc. has been awarded a fire equipment tender by Argentina's National Civil Aviation Administration (ANAC) for a comprehensive fire protection solution [1][3] - The contract includes a variety of equipment from Lakeland's multi-brand portfolio, such as Eagle structural suits, Veridian boots, Pacific fire helmets, and Lakeland proximity suits [1][3] - The company's competitive advantage stems from its integrated, multi-brand Fire + Safety portfolio, developed through recent acquisitions and product expansion [3][4] Company Overview - Lakeland Fire + Safety manufactures and sells a wide range of protective clothing and accessories for industrial and first responder markets, including decontamination, repair, and rental services [5] - The company serves a diverse global customer base across various industries, including oil, chemical, transportation, and healthcare, and sells products in over 50 countries [5] - Lakeland's products are distributed through a strategic network of independent sales representatives and authorized distributors, catering to both governmental and private sector clients [5]
LAKELAND ALERT: Bragar Eagel & Squire, P.C. is Investigating Lakeland Industries, Inc. on Behalf of Lakeland Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-12-16 20:39
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Lakeland Industries, Inc. for possible violations of federal securities laws and unlawful business practices affecting stockholders [1][2]. Investigation Details - The investigation is focused on whether Lakeland has engaged in unlawful business practices that may have led to financial losses for investors [1][2]. Financial Performance - Lakeland reported net sales of $47.6 million for Q3 2026, with adjusted EBITDA of $200,000, reflecting a decrease of $4.5 million or 95% compared to the prior year [6]. - The company experienced a net loss of $16 million, equating to a loss of $1.64 per basic and diluted share, in contrast to a net income of $100,000 or $0.01 per share in the same quarter of the previous year [6]. - Following the earnings report, Lakeland's stock price dropped by $5.85 per share, or 38.97%, closing at $9.16 per share on December 10, 2025 [6]. Management Commentary - CEO James Jenkins attributed the poor financial results partly to "delays in certification," indicating that the company anticipated certification to occur in March 2026 [6].
Lakeland Industries, Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (LAKE)
Globenewswire· 2025-12-16 01:00
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Lakeland Industries, Inc. regarding possible violations of federal securities laws or unlawful business practices [1]. Group 1: Financial Performance - Lakeland reported net sales of $47.6 million for Q3 2026, with adjusted EBITDA, excluding foreign exchange effects, at $200,000, representing a decrease of $4.5 million or 95% compared to the prior year [3]. - The company experienced a net loss of $16 million, equating to ($1.64) per basic and diluted share, in contrast to a net income of $100,000 or $0.01 per share in the same quarter of the previous year [3]. - Following the earnings report, Lakeland's share price fell by $5.85, or approximately 38.97%, from $15.01 on December 9, 2025, to close at $9.16 on December 10, 2025 [3]. Group 2: Management Commentary - CEO James Jenkins attributed the poor financial results partly to "delays in certification," indicating that the company anticipated certification to occur in March 2026 [3].
Securities Fraud Investigation Into Lakeland Industries, Inc. (LAKE) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Businesswire· 2025-12-11 19:29
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating Lakeland Industries, Inc. for potential violations of federal securities laws on behalf of investors who may have incurred losses [1]. Summary by Relevant Sections - **Investigation Announcement**: The investigation focuses on Lakeland Industries, Inc. (NASDAQ: LAKE) regarding possible breaches of federal securities laws [1]. - **Investor Impact**: The investigation is aimed at investors who lost money on Lakeland, providing them an opportunity to inquire about pursuing claims to recover their losses [1].