UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ COMMISSION FILE NUMBER: 0-15535 LAKELAND INDUSTRIES, INC. (Exact name of Registrant as specified in its charter) Delaware ...

Lakeland Industries, Inc. (NASDAQ:LAKE) Q2 2023 Earnings Conference Call September 8, 2022 4:30 PM ET Company Participants Charles Roberson - President & CEO Allen Dillard - COO & CFO Conference Call Participants Alex Fuhrman - Craig-Hallum Operator Good day, and welcome to the Lakeland Industries Fiscal 2023 Second Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode and the floor will be opened for your questions and comments following the presentation. During today' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ COMMISSION FILE NUMBER: 0-15535 LAKELAND INDUSTRIES, INC. (Exact name of Registrant as specified in its charter) (State or O ...

Lakeland Industries, Inc. (NASDAQ:LAKE) Q1 2023 Earnings Conference Call June 9, 2022 4:30 PM ET Company Participants Charles Roberson - President and CEO Allen Dillard - COO and CFO Conference Call Participants Alex Fuhrman - Craig-Hallum Operator Good day and welcome to the Lakeland Industries Fiscal 2023 First Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode and the floor will be opened for your questions and comments following the presentation. During today's c ...

Financial Performance - Consolidated external sales decreased to $27.28 million in Q1 FY22, down 19.9% from $34.10 million in Q1 FY21[69] - Gross profit for Q1 FY22 was $11.1 million, a decrease of 25% from $14.8 million in Q1 FY21, with gross profit margin dropping to 40.5%[70] - Operating profit fell to $1.4 million in Q1 FY22 from $6.6 million in Q1 FY21, resulting in an operating margin of 5.3%[71] - Net income decreased by $3.9 million to $1.1 million in Q1 FY22 compared to $5.0 million in Q1 FY21[73] Cash Flow and Liquidity - Cash and cash equivalents were approximately $50.8 million as of April 30, 2022, with a decrease of $1.9 million from January 31, 2022[74] - Net cash provided by operating activities was $1.9 million for Q1 FY22, primarily due to net income of $1.1 million[78] Sales and Market Challenges - The company experienced a decrease in sales to international customers, with net sales of $16.0 million in Q1 FY22 compared to $18.4 million in Q1 FY21[64] - Operating expenses increased by 18.5% to $9.6 million in Q1 FY22, primarily due to higher travel, trade show, and administrative expenses[70] - The company is facing challenges related to hiring, retention, and wage inflation, which may impact future growth[67] Strategic Initiatives - Manufacturing operations in China and Mexico are being expanded to control rising costs and achieve growth objectives[63] - The Company entered into a Loan Agreement providing a secured $12.5 million revolving credit facility, with a potential increase to $17.5 million[80] - An Amendment to the Loan Agreement increased the credit limit from $12.5 million to $25.0 million, allowing acquisitions up to $7.5 million individually or $15.0 million cumulatively without prior consent[81] - The Loan Agreement requires a Funded Debt to EBITDA ratio of 3.0 to 1.0 or less and a Basic Fixed Charge Coverage Ratio of at least 1.15 to 1.0, with compliance confirmed as of April 30, 2022[82] - The Company approved a stock repurchase program allowing repurchases of up to $5 million, with an additional $5 million authorized later, and approximately $0.4 million remaining as of April 30, 2022[84] - Capital expenditures for the first three months of FY23 were $0.4 million, with an anticipated total of approximately $3.0 million for FY23, focusing on ERP deployment and strategic capacity expansion[85]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission File Number: 0-15535 LAKELAND INDUSTRIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 13-3115216 ...

Lakeland Industries, Inc. (NASDAQ:LAKE) Q4 2022 Earnings Conference Call April 18, 2022 4:30 PM ET Company Participants Charles Roberson - President and CEO Allen Dillard - Chief Operating and Financial Officer Conference Call Participants Alex Fuhrman - Craig-Hallum Operator Good day, and welcome to the Lakeland Industries Preliminary Fiscal 2022 Fourth Quarter Financial Results Conference Call. All lines have been placed on a listen-only mode and the floor will be opened for your questions and comments fo ...

Lakeland Industries, Inc. (NASDAQ:LAKE) Q3 2022 Earnings Conference Call December 9, 2021 4:30 PM ET Company Participants Charles Roberson - President and CEO Allen Dillard - CFO Conference Call Participants Alex Fuhrman - Craig-Hallum Capital Group. Operator Before we begin, parties are reminded that statements made during this call contained forward-looking information within the meanings of the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements are all statements o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 0-15535 LAKELAND INDUSTRIES, INC. Indicate by check mark whether the registrant (1) has filed all ...

Financial Data and Key Metrics Changes - The company reported a net income of $2.6 million or $0.32 per share in Q2 fiscal 2022, down from $9.3 million or $1.17 per share in Q2 fiscal 2021 [38] - Gross profit for Q2 fiscal 2022 was $12.4 million, a decrease of 28% from $17.3 million in the same period last year, with a gross margin of 46.3% compared to 49.5% a year ago [34][36] - Operating profit was $3.6 million in Q2 fiscal 2022, down from $9.8 million in the prior year period, with operating margins at 13.1% [36] Business Line Data and Key Metrics Changes - COVID-19 related sales accounted for approximately $3.5 million in Q2 fiscal 2022, driven by demand from Southeast Asia [11] - High performance wear (HPW) sales exceeded $1 million for the first time, up about 10% sequentially from Q1 fiscal 2022 and nearly doubling from Q2 fiscal 2021 [19] - The company has seen a shift in demand from disposable and chemical garments to high-performance wear, indicating a recovery in the industrial sector [18] Market Data and Key Metrics Changes - Domestic sales in Q2 fiscal 2022 were $10.1 million, or 37% of total revenues, down from $14.5 million or 41% in the same period last year, while international sales were $17.3 million, or 63% of total revenues [31] - The U.S. market's contribution to consolidated sales fell from 46% in Q1 fiscal 2022 to 37% in Q2 fiscal 2022, indicating overstocking and logistics challenges [12] Company Strategy and Development Direction - The company is focusing on retaining accounts gained during the pandemic while also shifting towards new customer development [52] - Investments are being made in capacity expansion and higher margin product development, with a focus on international operations [33][16] - The company aims to capitalize on the new demand for specialized PPE outside of COVID-19, as well as benefiting from the expansion of the traditional industrial marketplace [22] Management's Comments on Operating Environment and Future Outlook - Management noted that while COVID-19 demand is declining, they expect industrial growth to replace it as the primary sales driver [10] - The company is optimistic about the normalization of business conditions and has maintained strong gross margins despite revenue declines [13] - Management acknowledged ongoing challenges with shipping and logistics but expressed confidence in their ability to pass on increased costs to customers [46][47] Other Important Information - The company has no debt outstanding and has a current ratio of 7.5 to 1, indicating strong liquidity [40] - Capital expenditures for fiscal 2022 are targeted at approximately $2 million, with a focus on technology infrastructure and manufacturing capacity enhancements [39] - The company has authorized a share repurchase program totaling $10 million, reflecting confidence in its financial position [41] Q&A Session Summary Question: Can you provide more details on the overstocking situation in the U.S.? - Management indicated that the overstocking began in Q1 and is expected to take two to three months to work through [45] Question: How is the company addressing high container costs and potential price increases? - Management confirmed that they are seeing price increases in the market and are confident in their ability to pass these costs on to customers [47] Question: Is there a focus on gaining market share beyond just retaining accounts from COVID? - Management confirmed a shift in focus from retention to new customer development [52]