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, 2023 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 ...

| --- | --- | --- | --- | |----------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | Fiscal First Quarter 2024 Financial Results Call June 8, 2023 | | | | | | | | | Non-GAAP Financial Measures Lakeland Overview (Nasdaq: LAKE) Debt (4/30/2023) ~$0 Distribution 78 countries 74% of global population 49% 20% 13% 13% 5% Disposables Focus on High Value Applications • Municipal Fire • Volunteer Fire • Search & Rescue • Wild Land • Utilities • Energy • ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (I.R.S. Employer Identification No.) 1525 Perimeter Parkway, Suite 325 Huntsville, (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 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 ...

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, 2023 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 Other Jur ...

Financial Data and Key Metrics Changes - For Q3 2023, net sales were $28.4 million with a gross margin of 43.3%, showing sequential revenue growth primarily driven by volume [5][28] - Operating profit was $2.2 million, resulting in operating margins of 7.8%, up from 6.4% in Q2 2023 but down from 14.1% in Q3 2022 [29] - Net income for the quarter was $1.4 million or $0.19 per share, compared to a loss of $900,000 in Q2 2023 and a profit of $2.9 million in Q3 2022 [30] - EBITDA for Q3 2023 was $2.6 million, while adjusted EBITDA was $3 million, reflecting a decline from the prior-year period [31][32] Business Line Data and Key Metrics Changes - Disposables accounted for 50% of total revenues, down from 60% in the year-ago quarter, indicating a strategic shift towards higher value, higher margin products [27] - Gross profit margin improved to 43.3% from 41.3% in Q2 2023, benefiting from an improved product mix and pricing power [28] Market Data and Key Metrics Changes - Domestic sales were $14 million (49% of total revenues), while international sales were $14.4 million (51% of total revenues), indicating a shift towards U.S. markets due to challenges in European and Latin American markets [25][26] - Currency fluctuations negatively impacted revenues by approximately $1.6 million [26] Company Strategy and Development Direction - The company is focusing on shifting towards high-performance and critical environment product lines to reduce cyclicality and achieve long-term performance targets [13] - The acquisition of Eagle Technical Products for approximately $10.8 million is aimed at expanding global reach and enhancing product offerings, particularly in firefighting applications [14][21] - The company plans to proactively reduce inventory levels to align with current demand and free up capital for growth investments [12][37] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic headwinds affecting revenue growth, particularly in European and Asian markets due to inflation and COVID policies [6][10] - The company anticipates continued challenges in the first half of the next year but sees potential growth opportunities in India as it aims to replace China as a manufacturing hub [7][46] - Management remains focused on operational efficiency and adapting to market conditions while pursuing long-term strategic goals [9][10] Other Important Information - Capital expenditures for the year are expected to be approximately $2 million, primarily for expanding manufacturing facilities in Mexico, Vietnam, and India [33] - The company ended the quarter with cash and cash equivalents of approximately $34.9 million and no debt, with an additional $25 million available from bank credit facilities [34] Q&A Session Summary Question: Update on business size in India and growth potential - Management indicated that India is currently a mid-sized facility with under 100 employees, serving European and American markets, with growth expected primarily in the domestic market [46] Question: Potential for further acquisitions - Management acknowledged awareness of opportunities for M&A but emphasized a balanced approach to capital use, indicating that while M&A is not a priority, it remains a possibility [50]

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]