Lakeland Fire + Safety Expands Latin American Sales with New Orders in Mexico, Argentina, Ecuador, Guyana and Panama
Rhea-AI Summary
Lakeland Fire + Safety (NASDAQ: LAKE) announced several new and follow-on orders across Latin America for structural fire suits, rescue gear, turnout and wildland gear, boots and gloves. Customers include municipal and national fire services in Mexico, Argentina, Ecuador, Guyana and Panama.
The orders expand LATAM market share and leverage the 2024 Veridian acquisition, integrated sales teams, NFPA 1970:2025-certified products, and manufacturing scale across Lakeland’s brand portfolio.
Positive
- New and follow-on fire protection orders across five LATAM countries
- Expansion of LATAM market share, building on Argentina and Colombia wins
- Orders won via competitive tenders with independent technical evaluations
- Cross-selling enabled by 2024 Veridian acquisition and shared customer base
- NFPA 1970:2025 certification across brands cited as a sales driver
- Integrated global vendor offering complete, fully certified protection range
Negative
- None.
News Market Reaction – LAKE
In the Jun 2 session, LAKE declined 3.22%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 27 | Earnings call announcement | Neutral | +1.3% | Scheduled FQ1 2027 results call and webcast announcement. |
| May 20 | Contract win | Positive | -1.9% | Head-to-toe fire gear order for Whitfield County Georgia Fire Department. |
| May 07 | Operational restructuring | Positive | +12.6% | LHD Germany logistics shift and leadership changes targeting cost savings. |
| Apr 16 | Earnings report | Neutral | +25.6% | FY26 results with higher sales, weaker margins, and widened net loss. |
| Apr 14 | Product launch | Positive | +4.3% | Launch of NFPA 1970:2025 certified FireFlex Elite L-100 boot. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Operational and product news has often seen positive price alignment, though some contract wins have previously coincided with short-term weakness.
Over the past few months, Lakeland Fire + Safety reported FY26 results with net sales of $192.6M and strong 49% Fire Services growth, but with margin compression and a ($25.3M) net loss. The company has highlighted NFPA 1970:2025 certification and launched new fire gear, including the FireFlex Elite L-100 boot. Operational streamlining in Germany and contract wins in U.S. fire departments supported its head-to-toe strategy, which this new LATAM order expansion continues.
Key Terms
turnout gear technical
wildland gear technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accelerating Regional Demand for Integrated, Head-to-Toe Fire Protection
HUNTSVILLE, Ala., June 02, 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 several new and follow-on orders across Latin America (“LATAM”) for structural fire suits, rescue gear, turnout gear, wildland gear, boots and gloves to municipal and national fire services in Mexico, Argentina, Ecuador, Guyana and Panama. Terms of the orders were not disclosed.
The new orders represent a significant expansion of Lakeland’s market share in the LATAM region, building on recent wins in Argentina and Colombia. The equipment packages will outfit first responders across diverse operational geographies. New contracts were secured through fully competitive open tender processes, which included extensive independent technical evaluation and comprehensive wearer trials conducted across multiple services. Follow-on orders included restocks, annual replenishments, and contract renewals.
"These new international orders exemplify the work of our LATAM sales team, expanding our geographic reach and positioning Lakeland as the definitive head-to-toe provider in fire protection in the region,” said Jim Jenkins, President and CEO of Lakeland Fire + Safety. “With the acquisition of Veridian in 2024, we gained access to its loyal customer base in LATAM and immediately began efforts to build additional market share through cross-selling opportunities of other Lakeland products. Our LATAM sales reps are now focused on sales for all our brands, with technical support provided by experts at Eagle, Veridian and Lakeland remotely and with geographic visits.”
Barry Phillips, Chief Revenue Officer at Lakeland Fire + Safety, added, “Integration across our acquired businesses is unlocking both operational access and manufacturing scale on an international level. Additionally, NFPA 1970:2025 certification across our brand portfolio and facilities is further driving sales momentum. For customers of these orders, our products were chosen for NFPA certification, ergonometrics, cost benefit analysis, local inventory and technical support. Municipal and federal agencies across LATAM can now order a complete, fully certified range of protection from a single global vendor, simplifying procurement and ensuring superior lifecycle management. We believe this capacity to provide integrated, head-to-toe protection at scale ensures we are uniquely positioned to capture this expanding international demand, establishing a foundation for continued, repeatable growth across LATAM.”
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
