Lakeland Fire + Safety's Jolly Scarpe Delivers Urgent Boot Order to Italian Government for Winter Olympic Games
Rhea-AI Summary
Lakeland Fire + Safety (NASDAQ: LAKE) announced that its Jolly Scarpe brand completed urgent shipments of operational boots to the Italian Ministry of the Interior for police assigned to the Milano Cortina 2026 Winter Olympics.
Jolly delivered in under 48 hours to multiple Olympic sites; terms of the order were not disclosed. The Ministry placed an additional order of the same model after the initial rapid deployment.
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Negative
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News Market Reaction – LAKE
In the Feb 12 session, LAKE declined 0.81%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | UK glove contract | Positive | +0.0% | Eagle FR won multi-year UK firefighting glove contract via open tender. |
| Jan 28 | Belgian police tender | Positive | -0.9% | Secured third safety footwear award under six-year Belgian police tender. |
| Jan 26 | Shareholder letter | Neutral | +0.2% | Shared fiscal 2026 update with acquisitions, contracts and tender pipeline details. |
| Jan 13 | Glove certification | Positive | -2.4% | Ultimate Glow+ gloves achieved NFPA 1970:2025 certification for first product. |
| Dec 18 | Argentina fire tender | Positive | +0.8% | Won single-supplier ANAC airport fire protection tender using multi-brand lineup. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive tenders and certifications often saw flat or negative next-day moves, with only some contract wins prompting modest gains.
Over the last few months, Lakeland Fire + Safety has focused on contract wins and product validation. Awards from UK fire services, Belgian police, and Argentina’s ANAC, plus an Italian boot shipment and NFPA 1970:2025 glove certification, all expanded its footprint across firefighting and police markets. A shareholder letter detailed multiple 2024 acquisitions, tender pursuits, and a warehouse sale-leaseback. Several of these clearly positive operational updates saw limited or negative price reactions, so today’s Olympic-related footwear order follows a pattern of strong commercial news against subdued trading responses.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Full Stock Availability Enabled Delivery in Under 48 Hours to Olympic Locations
HUNTSVILLE, Ala., Feb. 12, 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 the shipment and delivery of an urgent order through its Jolly Scarpe brand from the Italian Ministry of the Interior - Department of Public Security, for operational footwear for police personnel assigned to security duties during the Milano Cortina 2026 Winter Olympics. Terms of the order were not disclosed.
The 2026 Winter Olympics, officially the XXV Winter Olympic Games and commonly known as Milano Cortina 2026, is an international multi-sport event currently taking place at multiple sites across Lombardy and Northeast Italy. Nearly 3,000 athletes from 92 countries are competing and approximately 2 million spectators are attending the Olympics. The Italian Ministry placed an order for boots originally designed for wildland firefighting but also highly suitable for crowd control and emergency response operations.
“Due to the tight timeline and immediate operational needs, the Ministry required a supplier capable of guaranteeing immediate product availability and rapid deployment to multiple Olympic locations,” said Jim Jenkins, President and CEO of Lakeland Fire + Safety. “Jolly’s key competitive strength, having the entire product collection available in stock, enabled an immediate response. In less than two days, Jolly personnel organized and completed shipments directly to the Olympic sites, ensuring uninterrupted operational readiness for the police units. The efficiency and reliability of service led the Ministry to place an additional order of the same model.
“This award underscores the value of our disciplined inventory management and regional manufacturing capability. We are proud to support both the Italian Ministry of the Interior and the Olympic Games with this order and thank the entire Jolly team that worked diligently to accelerate logistics and delivery,” 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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/688d6dc7-383b-4458-a16c-98a1553a5875
