secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND INDUSTRIES INC (LAKE)
CIK:        0000798081
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001654954-24-004467
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeland Q4 net loss $1.0M; FY2025 rev guidance $140-150M; acquisitions after year-end
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- Q4 net loss of $1.0M ($0.13/sh) vs net income $0.2M last year; gross margin 35.9% (44.6% excluding $2.7M inventory charge).
- Full-year net sales $124.7M (+10.5% YoY); net income $5.4M ($0.72 diluted) vs $1.9M prior year.
- FY2025 revenue expected $140-150M; management cites acquisitions of Jolly Boots and LHD fire/rescue for growth.
- Adjusted EBITDA ex FX $3.4M in Q4 (11.0% margin) vs $1.9M last year; full-year $15.7M vs $10.7M.
- Foreign exchange headwind from Argentine peso impacted EBITDA by $1.7M in Q4 and $3.7M for FY24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798081/000165495424004467/0001654954-24-004467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798081/000165495424004467/lake_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-004467

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