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Lakeland Fire + Safety Awarded Contract from UK County Fire and Rescue Services for Firefighting Gloves

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Lakeland Fire + Safety (NASDAQ: LAKE) announced on Feb 3, 2026 that its Eagle FR subsidiary won a multi-year contract to supply Ultimate Glow+ structural firefighting gloves to seven UK County Fire and Rescue Services; terms were not disclosed.

The award followed a fully competitive open tender with independent technical evaluation and wearer trials, where Ultimate Glow+ ranked number one for compliance, operational feedback, and alignment with social and sustainability requirements.

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Positive

  • Multi-year contract to supply Ultimate Glow+ to 7 UK county services
  • Ultimate Glow+ achieved number one overall in independent evaluations

Negative

  • Order terms and financial value not disclosed
  • Scope limited to 7 of 53 UK services, limiting immediate reach

News Market Reaction – LAKE

%
1 alert
% News Effect

On the day this news was published, LAKE declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

UK fire services in contract: 7 services UK regional divisions: 12 divisions UK fire and rescue services: 53 services +1 more
4 metrics
UK fire services in contract 7 services Ultimate Glow+ glove supply to seven County Fire and Rescue Services
UK regional divisions 12 divisions UK Fire and Rescue Services organizational structure
UK fire and rescue services 53 services Total individual UK fire and rescue services
UK firefighters employed 30,600 firefighters Approximate firefighter employment base in UK Fire and Rescue Services

Market Reality Check

Price: $8.85 Vol: Volume 98,619 is below 20...
low vol
$8.85 Last Close
Volume Volume 98,619 is below 20-day average 152,663 (relative volume 0.65x). low
Technical Trading below 200-day MA of 14.35 and about 62.63% under 52-week high 25.53.

Peers on Argus

LAKE is up 1.27% while peers are mixed: PLCE +2.74%, LITB +1.2%, JRSH +0.33%, SG...

LAKE is up 1.27% while peers are mixed: PLCE +2.74%, LITB +1.2%, JRSH +0.33%, SGC -0.4%, JL -1.63%, suggesting a company-specific reaction to the UK contract.

Historical Context

5 past events · Latest: Jan 28 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Jan 28 Safety footwear tender Positive -0.9% Belgian police safety-footwear order under six-year tender relationship.
Jan 26 Shareholder letter Neutral +0.2% Corporate update noting acquisitions, contracts and results below expectations.
Jan 13 Glove certification Positive -2.4% NFPA 1970:2025 certification for Ultimate Glow+ firefighting gloves.
Dec 18 Fire equipment tender Positive +0.8% Argentina ANAC airport fire protection single‑supplier tender award.
Dec 09 Earnings results Negative +0.0% Fiscal Q3 2026 loss, margin compression and withdrawn FY guidance.
Pattern Detected

Operational contract and certification wins have produced mixed and sometimes contrary short-term price reactions.

Recent Company History

Over the last few months, LAKE has reported several contract and certification milestones alongside weaker financial results. On Dec 9, 2025, fiscal Q3 2026 earnings showed a $16.0M net loss and margin pressure. Subsequent tender wins in Argentina and Belgium, plus NFPA 1970:2025 certification for Ultimate Glow+ gloves, highlighted growing public-safety exposure. The new multi-year UK firefighting glove award extends this contract momentum within emergency services, building on recent European and aviation tenders.

Market Pulse Summary

This announcement highlights a multi-year UK contract for Ultimate Glow+ structural firefighting glo...
Analysis

This announcement highlights a multi-year UK contract for Ultimate Glow+ structural firefighting gloves across seven County Fire and Rescue Services, within a network of 12 divisions and 53 services employing about 30,600 firefighters. It extends LAKE’s recent run of public-safety tenders and technical certifications. In context of prior margin pressure and net losses, investors may watch how this and other awards translate into sustained revenue growth and profitability improvements.

Key Terms

structural firefighting gloves, open tender process
2 terms
structural firefighting gloves technical
"Eagle FR subsidiary has been awarded a significant multi-year contract to supply Ultimate Glow+ structural firefighting gloves"
Structural firefighting gloves are heavy-duty protective gloves designed for firefighters working in buildings and other enclosed structures; they combine heat and flame resistance with cut protection, insulation and enough grip and finger movement to handle tools and rescues. For investors, they represent a predictable segment of the safety-equipment market where sales, replacement cycles, procurement contracts and compliance with safety standards can drive steady revenue and shape competitive advantage much like routine parts in other maintenance-driven industries.
open tender process financial
"The contract was secured through a fully competitive open tender process"
An open tender process is a public, competitive invitation for suppliers, contractors or bidders to submit offers for a contract, asset or project, with rules that let any qualified party participate. Think of it like a public auction where everyone gets the same chance to bid and the buyer chooses the best offer based on price and terms. For investors, an open tender promotes transparency, better price discovery and reduced favoring of insiders, which can affect costs, timelines and regulatory risk for companies involved.

AI-generated analysis. Not financial advice.

Multi-Year Agreement Highlights Ability to Meet Increasingly Rigorous Procurement Standards

HUNTSVILLE, Ala., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, today announced that its Eagle FR subsidiary has been awarded a significant multi-year contract to supply Ultimate Glow+ structural firefighting gloves to seven (7) County Fire and Rescue Services in the United Kingdom. Terms of the order were not disclosed.

UK Fire and Rescue Services are divided into 12 regional divisions and 53 individual fire and rescue services, employing approximately 30,600 firefighters. Each division and service delivers emergency response to fires, road accidents, and floods while providing medical assistance and hazardous material cleanup. They also focus on public safety through community prevention programs, home safety checks, and the enforcement of building fire regulations.

“This win represents a major endorsement of our technical capability, product performance, and responsible business practices,” said Jim Jenkins, President and CEO of Lakeland Fire + Safety. “The contract was secured through a fully competitive open tender process, which included extensive independent technical evaluation and comprehensive wearer trials conducted across multiple services. Eagle’s new Ultimate Glow+ glove, designed to reduce firefighter exposure to harmful contaminants while enhancing situational awareness, achieved the number one ranked position overall. The evaluation was based on a combination of full technical compliance, positive operational feedback from frontline firefighters, and strong alignment with the authorities’ social, environmental, and sustainability requirements.

“This award reflects the strength of our product innovation, our commitment to firefighter safety and performance, and our ability to meet the increasingly rigorous procurement standards of UK emergency services. We believe this contract further strengthens our position as a trusted long-term partner to the fire and rescue sector and provides a solid platform for continued growth within the UK public safety market,” concluded Jenkins.

About Lakeland Fire + Safety

Lakeland Fire + Safety manufactures and sells a comprehensive line of fire services and industrial protective clothing and accessories for the industrial and first responder markets. In addition, we provide decontamination, repair and rental services that complement our fire services portfolio. Our products are sold globally by our in-house sales teams, our customer service group, and authorized independent sales representatives to a strategic global network of selective fire and industrial distributors and wholesale partners. Our authorized distributors supply end users across various industries, including integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high-tech electronics manufacturers, as well as scientific, medical laboratories, and the utilities industry. In addition, we supply federal, state and local governmental agencies and departments, including fire and law enforcement, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers for Disease Control. Internationally, we sell to a mix of end-users directly and to industrial distributors, depending on the particular country and market. In addition to the United States, sales are made into more than 50 foreign countries, the majority of which were into China, the European Economic Community ("EEC"), Canada, Chile, Argentina, Commonwealth of Independent States (“CIS”) Region, Colombia, Mexico, Ecuador, India, Uruguay, Middle East, Southeast Asia, Australia, Hong Kong and New Zealand.

For more information about Lakeland, please visit the Company's website at www.lakeland.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This press release contains estimates, predictions, opinions, goals and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's expectations for earnings, revenues, expenses, inventory levels, capital levels, liquidity levels, or other future financial or business performance, strategies or expectations, including without limitation our M&A strategy and tariff mitigation plans. All statements, other than statements of historical facts, which address Lakeland's expectations of sources or uses for capital, or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in press releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management. As a result, there can be no assurance that Lakeland's future results will not be materially different from those described herein as "believed," "projected," "planned," "intended," "anticipated," "can," "estimated" or "expected," or other words which reflect the current view of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based, except as may be required by law.

Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
LAKE@mzgroup.us
www.mzgroup.us


FAQ

What did Lakeland (LAKE) announce on Feb 3, 2026 about UK firefighting gloves?

Lakeland announced a multi-year contract to supply Ultimate Glow+ gloves to seven UK county services. According to the company, the award followed a competitive open tender with independent technical evaluation and wearer trials that ranked the glove number one overall.

How many UK fire services will receive Ultimate Glow+ gloves under the LAKE contract?

Seven county Fire and Rescue Services will receive Ultimate Glow+ gloves under the contract. According to the company, the award covers seven services after trials across multiple services and regional evaluations.

Why did UK authorities select Lakeland's Ultimate Glow+ gloves, per LAKE?

They were selected for full technical compliance, operational feedback, and sustainability alignment. According to the company, wearer trials and independent evaluation ranked Ultimate Glow+ number one overall.

Does the Feb 3, 2026 LAKE announcement disclose the contract value or terms?

No, the press release states that the terms of the order were not disclosed. According to the company, specific financial details and contract value were not provided in the announcement.

What operational benefits does Lakeland cite for Ultimate Glow+ gloves in the LAKE announcement?

The gloves are said to reduce firefighter exposure to harmful contaminants and enhance situational awareness. According to the company, these features contributed to top rankings in independent wearer trials and evaluations.
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Apparel Manufacturing
Orthopedic, Prosthetic & Surgical Appliances & Supplies
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HUNTSVILLE