Company Quick10K Filing
Lakeland Industries
10-Q 2019-10-31 Filed 2019-12-09
10-Q 2019-07-31 Filed 2019-09-09
10-Q 2019-04-30 Filed 2019-06-10
10-K 2019-01-31 Filed 2019-04-16
10-Q 2018-10-31 Filed 2018-12-17
10-Q 2018-07-31 Filed 2018-09-10
10-Q 2018-04-30 Filed 2018-06-08
10-K 2018-01-31 Filed 2018-04-16
10-Q 2017-10-31 Filed 2017-12-15
10-Q 2017-07-31 Filed 2017-09-13
10-Q 2017-04-30 Filed 2017-06-14
10-K 2017-01-31 Filed 2017-04-26
10-Q 2016-10-31 Filed 2016-12-14
10-Q 2016-07-31 Filed 2016-09-14
10-Q 2016-04-30 Filed 2016-06-14
10-K 2016-01-31 Filed 2016-04-21
10-Q 2015-10-31 Filed 2015-12-15
10-Q 2015-07-31 Filed 2015-09-16
10-Q 2015-04-30 Filed 2015-06-15
10-K 2015-01-31 Filed 2015-05-18
10-Q 2014-10-31 Filed 2014-12-10
10-Q 2014-07-31 Filed 2014-09-10
10-Q 2014-04-30 Filed 2014-06-12
10-K 2014-01-31 Filed 2014-04-28
10-Q 2013-10-31 Filed 2013-12-12
10-Q 2013-07-31 Filed 2013-09-12
10-Q 2013-04-30 Filed 2013-06-13
10-K 2013-01-31 Filed 2013-05-21
10-Q 2012-10-31 Filed 2012-12-13
10-Q 2012-07-31 Filed 2012-09-13
10-Q 2012-04-30 Filed 2012-06-14
10-K 2012-01-31 Filed 2012-04-18
10-Q 2011-10-31 Filed 2011-12-07
10-Q 2011-07-31 Filed 2011-09-08
10-Q 2011-04-30 Filed 2011-06-08
10-K 2011-01-31 Filed 2011-04-07
10-Q 2010-10-31 Filed 2010-12-13
10-Q 2010-07-31 Filed 2010-09-14
10-Q 2010-04-30 Filed 2010-06-14
10-K 2010-01-31 Filed 2010-04-16
8-K 2020-03-16 Regulation FD, Exhibits
8-K 2020-03-04 Exhibits
8-K 2020-01-27 Officers, Other Events, Exhibits
8-K 2019-12-09 Earnings, Exhibits
8-K 2019-11-21 Officers, Exhibits
8-K 2019-09-09 Earnings, Exhibits
8-K 2019-07-19 Exhibits
8-K 2019-06-19 Shareholder Vote
8-K 2019-06-10
8-K 2019-05-10 Officers
8-K 2019-04-16
8-K 2018-12-17
8-K 2018-11-05 Officers, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-09-10 Earnings, Exhibits
8-K 2018-07-12 Officers, Exhibits
8-K 2018-06-27 Amend Bylaw, Exhibits
8-K 2018-06-20 Shareholder Vote
8-K 2018-06-08 Earnings, Exhibits
8-K 2018-04-16 Earnings, Exhibits

Lakeland Industries Financials

LAKE Metrics, Comps, Filings

Quarterly | Annual

Business

For the first half of the year (FY 19), economic growth and investment globally was relatively strong as the global economy continued its recovery from the second half of FY 2018.  In the second half of FY19 we encountered headwinds due to threatened changes to U.S. trade policies relative to several key markets in which we manufacture and sell, specifically China and Mexico.  In Europe, uncertainty around Brexit saw customers less confident in economic growth. This was reflected in the purchases and business investment of many of our EEC end users. This in turn limited growth opportunities in these markets while leading to more aggressive pricing from the competition which had to be met. Unfortunately during the second half of the fiscal year, global talks between the US administration and China and the U.K and European Union became more contentious and less certain. In addition, in the second half of FY19, Lakeland initiated a significant global enterprise resource planning (“ERP”) project in order to strengthen its foundation for future growth globally. The result of this investment was an increase in operating expenses and some loss of sales due to operational issues relating to the ERP implementation, adversely effecting operating results.

The Company recognizes the need to grow faster than what organic growth will contribute, so it has accelerated product development, is pressing ahead aggressively with the rollout of our new ERP system, investing in increasing our global manufacturing capacity by opening new manufacturing facilities, and investing in new manufacturing equipment and processes to reduce manufacturing costs and increase efficiencies.

Additionally, a major strategic companywide objective to accelerate growth throughout the Company is to push additional products and sales tools that are successful in the key US and China markets to the other international operations, which have traditionally carried smaller lines. To facilitate this, the Company is evaluating and redeploying sales and marketing assets into regions that offer the greatest potential for sales and margin growth. 


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Quarterly)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Conformis (CFMS) 127,869 48% -4.3 -45% 73,289 53,389 79,589 37,949 -32,915 -27,325 117,871
Northern Technologies International (NTIC) 113,086 32% 16.5 8% 67,511 10,916 55,750 17,780 5,663 6,518 107,229
Invacare (IVC) 260,927 28% 75.7 -4% 847,405 531,926 939,627 262,330 -35,889 5,263 398,168
Lakeland Industries (LAKE) 96,208 34% 15.9 2% 99,104 14,863 79,620 27,271 2,076 5,578 88,423
Shiloh Industries (SHLO) 94,685 9% 7.8 -3% 651,691 484,177 1,054,707 90,576 -19,947 42,453 329,060
Virco Manufacturing (VIRC) 66,783 39% 4.8 5% 139,865 75,316 164,250 64,668 6,692 16,737 80,443
Precision Therapeutics (AIPT) 13,264 72% 105.9 0% 5,416 2,389 1,320 951 0 123 13,054
Alpha Pro Tech (APT) 48,716 37% 11.9 7% 37,864 4,621 35,746 13,130 2,665 3,665 43,610
Hudson Technologies (HDSN) 28,561 10% -18.2 -11% 204,206 149,253 162,027 15,484 -23,276 -6,358 116,006
Rewalk Robotics (RWLK) 23,214 54% -0.8 -42% 28,426 14,311 3,692 2,010 -11,976 -11,972 9,493
Nanovibronix (NAOV) 19,155 69% -3.7 -150% 3,070 840 443 307 -4,601 -4,568 16,897
Milestone Scientific (MLSS) 47,202 69% -10.0 -75% 6,243 7,647 6,074 4,179 -4,661 -4,564 45,491
Myomo (MYO) 13,064 73% -1.1 -131% 6,083 1,664 2,317 1,696 -7,952 -7,952 8,660
Industrial Services of America (IDSA) 9,385 1% -9.3 -13% 24,547 16,631 41,558 276 -3,228 -1,712 15,855
Allied Healthcare Products (AHPI) 8,790 17% -10.1 -10% 15,479 4,202 32,089 5,420 -1,489 -838 8,487
BRP (DOOO)
Ocugen (OCGN) 0.4 -150% 23,619 36,712 0 -900 -35,424 -34,628 -14,394
XPEL (XPEL) 35% -0.7 16% 47,406 17,347 65,712 22,899 7,517 10,348 -6,897
Predictive Oncology (POAI) 62% 0.0 -8% 31,882 11,168 1,064 664 -2,543 -2,060 -99
Steel Partners Holdings (SPLP) 32% 2.0 1% 2,345,718 1,828,035 1,197,598 388,309 33,977 151,171 301,966

Balance Sheet ($'000)2011-10-312012-01-312012-04-302012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Cash5,9475,7114,6955,5526,7377,0045,8345,0194,5557,0116,1737,0476,7628,7215,0654,2887,02210,3317,94010,36511,84813,18821,49315,78816,28514,93311,66012,83114,2829,0569,473
Accounts Receivable15,24312,57616,18915,59813,78314,12713,64415,04713,79514,63615,98815,09814,16614,76915,71114,56611,47611,64911,97810,70412,68913,76313,03214,11914,57813,62716,27116,47715,16717,99017,413
Inventory47,31345,66842,31941,23739,27139,09140,41840,44039,84440,37039,51038,92140,30839,49541,90243,50140,84138,89139,23935,53532,08834,06238,45342,91944,41146,35846,62042,36546,76149,40947,797
PP&E13,58913,91513,82414,14026,07213,96812,46012,57223,69212,09211,97311,76821,64010,3119,6969,61418,1029,1418,81017,0708,4328,6728,62416,9378,8219,52410,28619,91510,59610,56510,233
Assets105,390102,405101,497100,98183,31883,58286,00687,33883,75088,20887,95086,76293,20899,53092,13591,51788,26091,03788,69484,55483,97288,679100,36394,53197,27298,40198,40494,723101,565101,38599,104
Accounts Payable5,3904,6006,0027,3616,7047,4609,2639,2428,1819,9798,2269,4848,4158,5128,5087,4174,2547,3666,6164,9285,2638,2178,5477,0577,8448,7447,6876,21410,4408,2906,246
Long-Term Debt18,08619,6359,79013,4259005,7843,1002,7692,2631,6811,6081,4761,5371,3191,4392,1101,688
Liabilities30,48129,13840,11138,88537,32738,28335,38538,56036,74440,99840,97031,80729,95234,61524,57422,12920,74422,92119,55513,04710,74613,31213,27011,69112,64612,99612,57111,49618,67017,80014,863
Stockholders' Equity74,90973,26761,38662,09645,99145,29950,62048,77747,00647,21046,98154,95563,25664,91567,56169,38867,51668,11669,13971,50773,22675,36787,09382,84084,62685,40585,83383,22882,89583,58584,241
Income Statement ($'000)2011-10-312012-01-312012-04-302012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Revenue24,74420,16523,98124,23923,39921,73724,63922,78722,22223,50725,33025,09326,52424,81929,46524,88820,47320,36922,26920,30222,96123,90923,96025,15724,34425,61624,00924,68427,47227,464
Cost of Revenue17,33114,85316,66916,95217,80115,65717,17717,74515,97316,40715,21116,48516,58215,54017,67015,64014,46313,59313,67912,55014,40315,21914,90715,25514,84016,46515,69117,13017,05318,166
Gross Profit7,4135,3127,3117,2875,5986,0807,4625,0426,2497,10010,1208,6089,9429,27911,7959,2486,0106,7768,5907,7528,5588,6909,0539,9029,5049,1518,3187,55410,4199,298
R&D
SG&A
Tax-91-666-346-2955,705179-3,61132925223676282-9,3198921,902882-5591329906883278313325176225202761,208653
Net Income-577-1,547-10,121283-18,094-8444,171-1,835-1,611-01,450-2,50011,2851,2292,0342,120-1,52931,4311,7111,8421,806-4,9181,8671,017501-4651,3951,146
Cash Flow ($'000)2011-10-312012-01-312012-04-302012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Cash Operating1,383333572698-340-3,396-8441,642-1,9013,445143-1,547-2,758-4,2093,3633,4638324,2692,042-4,884881-205-2,3431,514-5,342985
Cash Investing-1,278-364-93-353783-208-326-90-153-162-500-307283-2,411
Cash Financing-455-1,011443-70-1,5702,7697319171,224-2,3781213,822-1,1451,931-193-3,106-2,652-445-575-72-12771116584-435