Lakeland Industries Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communications Program

About this update from Lakeland Industries, Inc.

HUNTSVILLE, AL / ACCESSWIRE / October 16, 2024 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders on the federal, state and local levels, has engaged international investor relations specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets.MZ Group will work closely with Lakeland management to develop and implement a comprehensive capital markets strategy designed to increase the Company's visibility throughout the investment community. The campaign will highlight how Lakeland is driving revenue growth by expanding its market opportunities in both fire services and industrial safety products, including a strategic focus on expanding its global head-to-toe fire services offering that resulted in a 34% year-over-year increase in fire services revenue in its fiscal 2025 second quarter. The Company's existing backlog and outlook for the remainder of the year enabled Lakeland to reaffirm its FY 2025 Guidance and Outlook of FY25 Revenue in the range of $160 million - $170 million & FY25 Adjusted EBITDA in the range of $18 million - $21.5 million(1) in its second quarter earnings call.MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts, and private investors and maintains offices worldwide. Chris Tyson, Executive Vice President at MZ North America, along with Directors Larry Holub and Brooks Hamilton, will advise Lakelands's investor relations team in all facets of investor relations, including, but not limited to, the coordination of roadshows and investment conferences across key cities and building brand awareness with financial and social media outlets.Chris Tyson commented, "Positive momentum and strong tailwinds in the fire services and safety and personal protective equipment markets are supporting an approximately $6.0 billion total addressable market for Lakeland. A recently restructured senior management team, led by Jim Jenkins, CEO, has positioned Lakeland for sustainable growth in this stable and dynamic sector driven by a focus on organic and inorganic growth opportunities. As evidenced by Lakeland's recent financial performance, we are seeing the results from a strong leadersh...

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