Every 10-Q that Lakeland Industries Inc (LAKE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LAKE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LAKE filings page.
Lakeland Industries, Inc. (LAKE) reported lower sales and a larger loss while generating stronger cash flow for the quarter ended July 31, 2026. Net sales were $50.1 million versus $52.5 million a year earlier, with a net loss of $4.9 million compared to net income of $0.8 million.
Results were affected by a $3.2 million goodwill impairment in the LHD reporting unit and the previously disclosed sale of high performance/high visibility inventory and related IP, which produced a $6.5 million gain and $13.2 million of cash proceeds, much of which is initially recorded as $5.2 million deferred revenue. Operating cash flow improved to $5.4 million for the first six months, aided by an $7.6 million inventory reduction.
At July 31, 2026, Lakeland held $17.9 million of cash, $90.8 million of working capital and $24.9 million outstanding on its $40 million secured revolving credit facility, with $15.1 million of additional availability. Management states it was in compliance with all debt covenants but continues to report a material weakness in internal control over financial reporting, leading to a conclusion that disclosure controls and procedures were not effective.
Lakeland Industries reported Q1 FY27 net sales of $47.4 million, up slightly from $46.7 million a year earlier, and swung to net income of $0.4 million versus a prior net loss of $3.9 million. Results were helped by a $6.5 million gain on the March 27, 2026 sale of high performance and high visibility inventory and intellectual property.
Gross profit was $14.9 million and gross margin slipped to 31.4% from 33.5%, mainly due to higher labor, rent and certification costs. Operating expenses fell 6.0% to $19.1 million, reflecting lower freight, incentive compensation and professional fees, partly offset by higher stock-based compensation and amortization.
Operating income reached $2.3 million compared with an operating loss of $4.6 million last year. Cash from operations improved to $5.8 million, boosting cash and equivalents to $17.4 million. The company ended the quarter with $23.8 million outstanding on its revolving credit facility and remained in covenant compliance, while also highlighting ongoing PFAS-related, lease, and securities litigation with outcomes not yet estimable.
Lakeland Industries, Inc. (LAKE) filed a Form 10-Q covering the quarter ended July 31, 2025. The report discloses portfolio changes and financing details alongside quarterly operating results presented in condensed consolidated financial statements. The company completed multiple acquisitions during the period, including Veridian Limited for approximately $26.1 million in cash and the LHD fire and rescue business for a reported all-cash consideration of $14.8 million (net of cash acquired and with certain holdbacks). The company recorded a lease impairment charge of $3.6 million related to an unusable Monterrey, Mexico facility and reported assets held for sale with a carrying value of $1.4 million related to a Decatur, Alabama warehouse.
The filing describes an amended loan agreement providing a revolving credit facility up to $60.0 million (through Jan 31, 2026) stepping down to $50.0 million thereafter, with interest tied to SOFR plus an Applicable Rate resulting in an effective borrowing rate of 6.47% as of July 31, 2025. Debt covenants include a minimum fixed charge coverage ratio of 1.20x and a funded debt to EBITDA cap that steps down over time; the company reported compliance with covenants as of July 31, 2025. Other disclosures include a $5.0 million share repurchase authorization remaining, a $0.03 per share dividend paid (~$0.3 million), and an increase in the valuation allowance for deferred tax assets to $10.5 million at July 31, 2025.