Lakeland Industries Appoints Calven Swinea as CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy LAKE?
Lakeland Industries announced the appointment of Calven Swinea as Chief Financial Officer, effectively immediately. Swinea was appointed Interim Chief Financial Officer, effective January 2026 after having served as Vice President of Finance since September 2020.
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Analyst Views on LAKE
Wall Street analysts forecast LAKE stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 9.590
Low
14.00
Averages
18.50
High
27.00
Current: 9.590
Low
14.00
Averages
18.50
High
27.00
About LAKE
Lakeland Industries, Inc. manufactures and sells a comprehensive line of fire services and industrial protective clothing and accessories for the industrial and first responder markets. Its product portfolio includes firefighter protective apparel and accessories, high-end chemical protective suits, limited use/disposable protective clothing, durable woven garments, high performance FR/AR apparel, and high visibility clothing. Its products are sold globally by its in-house sales teams, its customer service group, and authorized independent sales representatives to a strategic global network of selective fire and industrial distributors and wholesale partners. Its authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories and the utilities industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
California PPE Secures Contract with Newport Beach Fire Department
- Contract Awarded: Lakeland Industries' subsidiary California PPE has been selected to provide turnout gear maintenance and decontamination services for the Newport Beach Fire Department, marking a significant expansion in the California firefighting services market and expected to enhance the company's market share in this sector.
- Quality of Service Improvement: The services provided by California PPE comply with NFPA 1850 standards, ensuring documented maintenance and inspection practices that help fire departments maintain gear readiness, thereby enhancing firefighter health and safety.
- Strategic Execution: CEO Jim Jenkins of Lakeland Fire + Safety stated that this contract reflects the company's strategic execution in expanding its recurring service offerings in North America, further solidifying its leadership position in the firefighting services market.
- Growing Market Demand: As fire departments increasingly emphasize standardized maintenance programs, California PPE's specialized services will meet the rising demand for high-quality turnout gear maintenance, driving future business growth for the company.
See More
Lakeland Industries Appoints New CFO
- Executive Appointment: Lakeland Industries has appointed Calven Swineas as Chief Financial Officer, effective immediately, bringing extensive financial management experience from his role as Vice President of Finance since September 2020, which is expected to enhance the company's financial strategy and operational efficiency.
- Previous Experience: Prior to his CFO role, Swineas served as Global Corporate Controller at Elliott Group from 2019 to 2020, overseeing turbomachinery manufacturing, indicating a strong industrial background that will help Lakeland maintain its competitive edge in a challenging market.
- Financial Management Background: Swineas accumulated significant financial and auditing experience during his tenure as Vice President of Administration and Vice President of Internal Audit at Walter Energy, which will provide Lakeland Industries with robust financial governance and risk management capabilities.
- Market Reaction: Despite recent challenges faced by Lakeland Industries, Swineas's appointment may bring a fresh financial perspective, aiding the company in achieving its target of 10%-12% adjusted EBITDA margins over the next few quarters.
See More
Lakeland Industries Appoints New CFO to Drive Growth
- Leadership Change: Lakeland Industries has appointed Calven Swinea as Chief Financial Officer, reflecting the company's ongoing commitment to financial discipline and strategic insight, with Swinea having served as Vice President of Finance since 2020, demonstrating exceptional financial management capabilities.
- Financial Priorities: Swinea emphasized that strengthening liquidity, accelerating debt reduction, and maximizing working capital efficiency are the company's top priorities, aimed at improving the balance sheet and enhancing financial flexibility to support future profitable growth.
- ERP Implementation: Swinea is also overseeing the implementation of the Enterprise Resource Planning (ERP) system, which is expected to be fully deployed by fiscal 2027, designed to centralize data, improve global visibility, and strengthen financial controls to support long-term efficiency and scalability.
- Market Expansion Strategy: In 2026, Lakeland will focus on integrating accretive acquisitions and expanding its global market share in fire protection, leveraging rigorous financial discipline to improve revenue quality and enhance free cash flow, thereby creating long-term value for shareholders.
See More
Lakeland Delivers Urgent Order for Milano Cortina 2026 Olympics
- Urgent Order Fulfillment: Lakeland Industries, through its Jolly Scarpe brand, fulfilled an urgent order from the Italian Ministry of the Interior, ensuring delivery of specialized footwear for police personnel at the Milano Cortina 2026 Olympics in under 48 hours, showcasing its rapid response capability.
- Inventory Management Advantage: With the entire product line in stock, Lakeland was able to meet the urgent needs of the Ministry, ensuring uninterrupted operational readiness for police units, thereby reinforcing its competitive position in the market.
- Additional Order Confirmation: The efficiency and reliability of the initial delivery led the Ministry to place an additional order for the same model, indicating Lakeland's strong capabilities in emergency response and customer trust.
- Commitment to Supporting the Olympics: Lakeland's successful delivery not only highlights its regional manufacturing capabilities and disciplined inventory management but also underscores the company's commitment to supporting significant international events, enhancing its brand image.
See More
Rosen Law Firm Investigates Securities Claims for Lakeland Industries
- Securities Claims Investigation: Rosen Law Firm announces an investigation into Lakeland Industries for potentially issuing misleading business information, which could impact shareholder rights significantly.
- Withdrawal of Financial Guidance: On December 9, 2025, Lakeland withdrew its financial guidance for fiscal year 2026, leading to a 38.97% stock drop on December 10, 2025, indicating severe market concerns regarding its financial transparency.
- Class Action Preparation: The firm is preparing a class action to seek compensation for affected investors, with no upfront costs required, thereby lowering the barrier for participation in the legal process.
- Firm's Track Record: Rosen Law Firm is renowned for its success in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its expertise and resource advantages in handling such cases.
See More
Rosen Law Firm Investigates Securities Claims for Lakeland Industries
- Securities Claims Investigation: Rosen Law Firm announces an investigation into Lakeland Industries due to potential misleading business information, exposing shareholders to possible securities claims.
- Withdrawal of Financial Guidance: On December 9, 2025, Lakeland withdrew its financial guidance for fiscal year 2026, failing to provide future outlooks, which led to a 38.97% stock drop the following day.
- Class Action Preparation: The firm is preparing a class action to seek compensation for affected investors, with no out-of-pocket fees or costs required from them.
- Firm's Reputation: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its strong capabilities and successful track record in the securities litigation field.
See More
California PPE Secures Contract with Newport Beach Fire Department
- Contract Awarded: Lakeland Industries' subsidiary California PPE has been selected to provide turnout gear maintenance and decontamination services for the Newport Beach Fire Department, marking a significant expansion in the California firefighting services market and expected to enhance the company's market share in this sector.
- Quality of Service Improvement: The services provided by California PPE comply with NFPA 1850 standards, ensuring documented maintenance and inspection practices that help fire departments maintain gear readiness, thereby enhancing firefighter health and safety.
- Strategic Execution: CEO Jim Jenkins of Lakeland Fire + Safety stated that this contract reflects the company's strategic execution in expanding its recurring service offerings in North America, further solidifying its leadership position in the firefighting services market.
- Growing Market Demand: As fire departments increasingly emphasize standardized maintenance programs, California PPE's specialized services will meet the rising demand for high-quality turnout gear maintenance, driving future business growth for the company.
See More
Lakeland Industries Appoints New CFO
- Executive Appointment: Lakeland Industries has appointed Calven Swineas as Chief Financial Officer, effective immediately, bringing extensive financial management experience from his role as Vice President of Finance since September 2020, which is expected to enhance the company's financial strategy and operational efficiency.
- Previous Experience: Prior to his CFO role, Swineas served as Global Corporate Controller at Elliott Group from 2019 to 2020, overseeing turbomachinery manufacturing, indicating a strong industrial background that will help Lakeland maintain its competitive edge in a challenging market.
- Financial Management Background: Swineas accumulated significant financial and auditing experience during his tenure as Vice President of Administration and Vice President of Internal Audit at Walter Energy, which will provide Lakeland Industries with robust financial governance and risk management capabilities.
- Market Reaction: Despite recent challenges faced by Lakeland Industries, Swineas's appointment may bring a fresh financial perspective, aiding the company in achieving its target of 10%-12% adjusted EBITDA margins over the next few quarters.
See More
Lakeland Industries Appoints New CFO to Drive Growth
- Leadership Change: Lakeland Industries has appointed Calven Swinea as Chief Financial Officer, reflecting the company's ongoing commitment to financial discipline and strategic insight, with Swinea having served as Vice President of Finance since 2020, demonstrating exceptional financial management capabilities.
- Financial Priorities: Swinea emphasized that strengthening liquidity, accelerating debt reduction, and maximizing working capital efficiency are the company's top priorities, aimed at improving the balance sheet and enhancing financial flexibility to support future profitable growth.
- ERP Implementation: Swinea is also overseeing the implementation of the Enterprise Resource Planning (ERP) system, which is expected to be fully deployed by fiscal 2027, designed to centralize data, improve global visibility, and strengthen financial controls to support long-term efficiency and scalability.
- Market Expansion Strategy: In 2026, Lakeland will focus on integrating accretive acquisitions and expanding its global market share in fire protection, leveraging rigorous financial discipline to improve revenue quality and enhance free cash flow, thereby creating long-term value for shareholders.
See More
Lakeland Delivers Urgent Order for Milano Cortina 2026 Olympics
- Urgent Order Fulfillment: Lakeland Industries, through its Jolly Scarpe brand, fulfilled an urgent order from the Italian Ministry of the Interior, ensuring delivery of specialized footwear for police personnel at the Milano Cortina 2026 Olympics in under 48 hours, showcasing its rapid response capability.
- Inventory Management Advantage: With the entire product line in stock, Lakeland was able to meet the urgent needs of the Ministry, ensuring uninterrupted operational readiness for police units, thereby reinforcing its competitive position in the market.
- Additional Order Confirmation: The efficiency and reliability of the initial delivery led the Ministry to place an additional order for the same model, indicating Lakeland's strong capabilities in emergency response and customer trust.
- Commitment to Supporting the Olympics: Lakeland's successful delivery not only highlights its regional manufacturing capabilities and disciplined inventory management but also underscores the company's commitment to supporting significant international events, enhancing its brand image.
See More
Rosen Law Firm Investigates Securities Claims for Lakeland Industries
- Securities Claims Investigation: Rosen Law Firm announces an investigation into Lakeland Industries for potentially issuing misleading business information, which could impact shareholder rights significantly.
- Withdrawal of Financial Guidance: On December 9, 2025, Lakeland withdrew its financial guidance for fiscal year 2026, leading to a 38.97% stock drop on December 10, 2025, indicating severe market concerns regarding its financial transparency.
- Class Action Preparation: The firm is preparing a class action to seek compensation for affected investors, with no upfront costs required, thereby lowering the barrier for participation in the legal process.
- Firm's Track Record: Rosen Law Firm is renowned for its success in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its expertise and resource advantages in handling such cases.
See More
Rosen Law Firm Investigates Securities Claims for Lakeland Industries
- Securities Claims Investigation: Rosen Law Firm announces an investigation into Lakeland Industries due to potential misleading business information, exposing shareholders to possible securities claims.
- Withdrawal of Financial Guidance: On December 9, 2025, Lakeland withdrew its financial guidance for fiscal year 2026, failing to provide future outlooks, which led to a 38.97% stock drop the following day.
- Class Action Preparation: The firm is preparing a class action to seek compensation for affected investors, with no out-of-pocket fees or costs required from them.
- Firm's Reputation: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its strong capabilities and successful track record in the securities litigation field.
See More
