LAKELAND INDUSTRIES Business Summary

Lakeland Industries Inc. (LAKE) is a global manufacturer of personal protective equipment (PPE) and safety garments, generating revenue through the direct sale of specialized apparel to industrial, healthcare, and first responder sectors. The company operates across several key segments, including Fire Services—which has grown to represent approximately 50% of total revenue—Disposables, Chemicals, High-Performance Wear, and Gloves. Recently, Lakeland has strategically pivoted toward a recurring revenue model by acquiring PPE decontamination, repair, and rental service providers such as Arizona PPE Recon and California PPE Recon. In a competitive landscape dominated by large-scale conglomerates like DuPont, Kimberly-Clark, and Ansell Limited, Lakeland positions itself as a specialized, high-agility player focused on the fragmented $2 billion global fire protection market and high-margin industrial safety niches. Founded in 1982 by Christopher J. Ryan, who remains a significant individual shareholder, the company is currently led by James (Jim) M. Jenkins, who serves as President, CEO, and Executive Chairman. Jenkins brought extensive experience in corporate development and risk management from his previous tenure at Transcat, Inc. The financial leadership was recently solidified with the February 17, 2026, appointment of J. Calven Swinea as permanent Chief Financial Officer, following his role as Vice President of Finance and a background in global controllership at Elliott Group. The company maintains a strong institutional investor base, including Royce & Associates and BlackRock, and notably counts its primary competitor, Ansell Limited, as a major strategic shareholder with a nearly 10% stake. The board is further supported by Lead Independent Director Thomas McAteer and experienced directors such as Jeffrey Schlarbaum and Ronald Herring.