secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND INDUSTRIES INC (LAKE)
CIK:        0000798081
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001654954-23-004691
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798081/000165495423004691/0001654954-23-004691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798081/000165495423004691/lake_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-004691

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