Lakeland Industries FY2023 net sales $112.8M (-4.7%), net income $1.9M; Q4 sales up 8.2%

LAKELAND INDUSTRIES INC

Full year net sales $112.8M vs $118.4M prior year; net income $1.9M ($0.25 per basic share).
Q4 net sales $29.0M (+8.2% YoY); net income $0.2M ($0.03 per share); Adjusted EBITDA $1.8M (down from $2.9M).
Full year Adjusted EBITDA fell to $9.6M from $19.6M; gross margin 40.6% vs 43.0%.
Cash $24.6M, no debt; repurchased $5.4M of common stock under buyback program.
European sales include $1.3M from Eagle Technical Products acquisition closed Dec 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LAKELAND INDUSTRIES INC reported fourth quarter of fiscal year 2023 ended January 31, 2023 results: revenue $29.0 million, net income $0.2 million, EPS $0.03 per basic common share.

Period: fourth quarter of fiscal year 2023 ended January 31, 2023
Revenue: $29.0 million
Net income: $0.2 million
EPS: $0.03 per basic common share
Result: reported results

Exact text from the filing

Net sales for the fourth quarter of fiscal year 2023 were $29.0 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LAKELAND INDUSTRIES INC reported fiscal year ended January 31, 2023 results: revenue $112.8 million, net income $1.9 million, EPS $0.25 per basic common share.

Period: fiscal year ended January 31, 2023
Revenue: $112.8 million
Net income: $1.9 million
EPS: $0.25 per basic common share
Result: reported results

Exact text from the filing

Fiscal 2023 net sales of $112.8 million and gross margin of 40.6%

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Source: SEC EDGAR

accession 0001654954-23-004691

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