Lakeland Industries, Inc. (LAKE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1525 PERIMETER PARKWAY, SUITE 325
HUNTSVILLE, AL 35806
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
MRQ
1/31/2023
10/31/2022
MRQ
1/31/2022
1/31/2020
1/31/2019
1/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,639  14,60612,83115,788
Cash and cash equivalents24,639  14,60612,83115,788
Receivables17,296  17,70216,47714,119
Inventory, net of allowances, customer advances and progress billings58,176  44,23842,36542,919
Inventory58,176  44,23842,36542,919
Prepaid expense1,963  1,2281,4782,119
Other current assets 2,908  2,0332,3191,555
Other undisclosed current assets      
Total current assets:104,982  79,80775,47076,500
Noncurrent Assets
Operating lease, right-of-use asset5,472  2,244
Property, plant and equipment9,140  10,11310,7818,789
Intangible assets, net (including goodwill), including:8,473  871871871
Goodwill   871871871
Intangible assets, net (excluding goodwill)6     
Other undisclosed intangible assets, net (including goodwill) 8,467     
Other noncurrent assets    98158354
Other undisclosed noncurrent assets14,260  6,2727,4438,017
Total noncurrent assets:37,345  19,59819,25318,031
TOTAL ASSETS:142,327  99,40594,72394,531
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,148  10,94910,17610,010
Employee-related liabilities 1,3001,1371,771
Accounts payable6,558  7,2046,2147,057
Accrued liabilities6,590  2,4452,8251,182
Debt 405  1,990158369
Other undisclosed current liabilities4,435   1 
Total current liabilities:17,988  12,93910,33510,379
Noncurrent Liabilities
Long-term debt and lease obligation    1,4141,1611,312
Long-term debt, excluding current maturities     1,1611,312
Liabilities, other than long-term debt3,581     
Deferred income tax liabilities1   
Operating lease, liability3,580  1,414
Other undisclosed noncurrent liabilities 768     
Total noncurrent liabilities:4,349  1,4141,1611,312
Total liabilities:22,337  14,35311,49611,691
Equity
Equity, attributable to parent119,990  85,05283,22882,840
Common stock87  858585
Treasury stock, value(19,646)  (5,023)(4,517)(3,352)
Additional paid in capital78,475  75,17175,61274,917
Accumulated other comprehensive loss(3,691)  (2,762)(2,252)(1,651)
Retained earnings64,765  17,58114,30012,841
Other undisclosed equity     (1) 
Total equity:119,990  85,05283,22782,840
TOTAL LIABILITIES AND EQUITY:142,327  99,40594,72394,531

Income Statement (P&L) ($ in thousands)

10/31/2023
TTM
1/31/2023
10/31/2022
TTM
1/31/2022
1/31/2020
1/31/2019
1/31/2018
Revenues112,846  107,80999,01195,987
Revenue, net95,987
Cost of revenue(66,997)  (69,912)(65,105)(59,784)
Cost of goods and services sold      (59,784)
Gross profit:45,849  37,89733,90636,203
Operating expenses(40,308)  (32,021)(30,341)(27,726)
Operating income:5,541  5,8763,5658,477
Nonoperating income (expense)   (407)(459)1,129
Gain (loss), foreign currency transaction, before tax    (400)(500)1,100
Other nonoperating income (expense)   (7)4129
Interest and debt expense(37)  (116)(125)(163)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(33)  400500(1,100)
Income from continuing operations before equity method investments, income taxes:5,471  5,7533,4818,343
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:5,471  5,7533,4818,343
Income tax expense(3,598)  (2,472)(2,022)(7,903)
Income from continuing operations:1,873  3,2811,459440
Income before gain (loss) on sale of properties:3,2811,459440
Other undisclosed net income      
Net income:1,873  3,2811,459440
Other undisclosed net loss attributable to parent      
Net income available to common stockholders, diluted:1,873  3,2811,459440

Comprehensive Income ($ in thousands)

10/31/2023
TTM
1/31/2023
10/31/2022
TTM
1/31/2022
1/31/2020
1/31/2019
1/31/2018
Net income:1,873  3,2811,459440
Other comprehensive loss     (601) 
Comprehensive income:1,873  3,281858440
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,193)  (510) 731
Comprehensive income (loss), net of tax, attributable to parent:(320)  2,7718581,171

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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