secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND INDUSTRIES INC (LAKE)
CIK:        0000798081
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0001654954-22-016252
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeland Q3 net sales $28.4M, gross margin 43.3%, net income $1.4M; acquires Eagle Technical Products
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- Net sales $28.4M, up 0.7% sequentially; gross margin 43.3% (above 40% target).
- Net income $1.4M ($0.19 per basic share); Adjusted EBITDA $3.0M.
- Completed $2.3M share repurchases in Q3; new $5M buyback program announced post-quarter.
- Currency headwinds of $1.6M from Chinese yuan and Argentine peso.
- Acquired Eagle Technical Products after Q3, expanding fire service protective clothing offerings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798081/000165495422016252/0001654954-22-016252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798081/000165495422016252/lake_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-016252

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer