LAKE — what changed in the latest 10-Q
A section-by-section comparison of LAKE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-09-09 vs the prior 10-Q · 2026-06-09
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +22 | −10 | ~12 | 48 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 8 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-09-09
Net Sales. Net sales were $50.1 million for the three months ended July 31, 2026, a decrease of $2.4 million or 4.5%, compared to $52.5 million for the three months ended July 31, 2025. The decrease primarily reflected the absence of sales from our High Performance Wear and High Visibility product l…
Gross Profit. Gross profit for the three months ended July 31, 2026 was $18.5 million, a decrease of $0.3 million, or 1.5%, compared to $18.8 million for the three months ended July 31, 2025. Gross profit as a percentage of net sales increased to 37.0% for the three months ended July 31, 2026, from …
Operating Expenses. Operating expenses increased by $1.3 million, or 7.0%, from $19.3 million for the three months ended July 31, 2025 to $20.6 million for the three months ended July 31, 2026. The increase was primarily due to currency fluctuations, tradeshow, advertising and amortization expenses,…
Settlement of lease liability, net. In July 2026, the Company reached a settlement with the landlord of the Monterrey, Mexico facility that terminated the Monterrey lease in its entirety and concluded the related litigation. During the three months ended July 31, 2026, the Company released the remai…
Goodwill Impairment. During the three months ended July 31, 2026, the Company recognized a goodwill impairment of $3.2 million related to the LHD reporting unit within the Europe geographic segment, representing the remaining goodwill associated with this reporting unit. No goodwill remains allocate…
Text removed vs the prior filing · source: 10-Q · 2026-06-09
Net Sales. Net sales were $47.4 million for the three months ended April 30, 2026, an increase of $0.7 million or 1.4%, compared to $46.7 million for the three months ended April 30, 2025. Sales of our Fire Service product line increased $2.4 million primarily due to $1.5 million in sales from Arizo…
On March 27, 2026, the Company completed the sale of certain assets associated with its High Performance Wear and High Visibility product lines.
Gross Profit. Gross profit for the three months ended April 30, 2026 was $14.9 million, a decrease of $0.8 million, or 4.9%, compared to $15.6 million for the three months ended April 30, 2025. Gross profit as a percentage of net sales decreased to 31.4% for the three months ended April 30, 2026, fr…
Operating Expenses. Operating expenses decreased by $1.2 million, or 6.0%, from $20.3 million for the three months ended April 30, 2025 to $19.1 million for the three months ended April 30, 2026. The decrease was primarily due to lower freight costs, incentive compensation and professional fees, par…
Operating Income (Loss). Operating income was $2.3 million for the three months ended April 30, 2026, compared to an operating loss of $(4.6) million for the three months ended April 30, 2025, due to the impacts detailed above. Operating margins were 4.8% for the three months ended April 30, 2026, a…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice