Welcome to our dedicated page for Alpha Pro Tech news (Ticker: APT), a resource for investors and traders seeking the latest updates and insights on Alpha Pro Tech stock.
Alpha Pro Tech Ltd. (APT) provides essential updates through this dedicated news hub for investors and industry professionals. Track the latest developments across the company's core operations in protective apparel and construction weatherization products.
This resource consolidates official press releases and verified news coverage related to APT's disposable safety garments, infection control solutions, and building supply innovations. Users gain access to timely updates on earnings reports, product launches, regulatory milestones, and strategic partnerships.
Key content categories include financial performance disclosures, manufacturing capacity expansions, and new product certifications. The curated format enables efficient tracking of operational developments impacting both medical/industrial safety markets and construction material sectors.
Bookmark this page for streamlined monitoring of APT's progress in delivering protective solutions through its dual focus on personal safety equipment and building envelope technologies. Check regularly for verified updates directly affecting market positioning and investment considerations.
Alpha Pro Tech (NYSE: APT) reported its Q4 and full-year 2024 financial results, showing a 5.5% decline in annual net sales to $57.8 million from $61.2 million in 2023. Net income decreased 6.2% to $3.9 million ($0.35 per diluted share) from $4.2 million in 2023.
The company's Building Supply segment faced challenges with an 11% decrease to $36.0 million, affected by housing market weakness and increased competition. However, the Disposable Protective Apparel segment showed strength, increasing 5% to $21.9 million.
The company maintained a strong financial position with $18.6 million in cash and working capital of $47.5 million, with no debt. During 2024, APT repurchased 831,000 shares for $4.5 million. The gross profit margin improved to 39.6% in 2024 from 37.3% in 2023, though management warns of potential pressure from volatile ocean freight rates in 2025.
Alpha Pro Tech (NYSE American: APT) has announced a $2.0 million expansion of its existing share repurchase program. Combined with the $0.8 million remaining from the previous expansion announced in October 2024, the company now has approximately $2.8 million available for share repurchases. The company plans to execute these repurchases through open market purchases or privately-negotiated transactions, with all acquired shares to be retired. The repurchases will be conducted through a pre-arranged plan following Rule 10b5-1 and Rule 10b-18 guidelines, with additional purchases possible outside the plan based on market conditions.
Alpha Pro Tech (APT) reported Q3 2024 financial results with overall sales decreasing 11.2% to $14.3 million compared to Q3 2023. The Building Supply segment saw a 23.2% decline to $8.8 million, while Disposable Protective Apparel segment increased 18.4% to $5.5 million. Net income was $862,000 ($0.08 per diluted share), down from $1.4 million ($0.12 per diluted share) in Q3 2023. The company maintains a strong financial position with $18.4 million in cash and $48.7 million in working capital with no debt.
Alpha Pro Tech (NYSE American: APT) has announced a $1.0 million expansion of its existing share repurchase program. This expansion brings the total available for share repurchases to approximately $1.5 million, with $0.5 million remaining from the previous expansion announced in April 2024. The company plans to repurchase shares through open market purchases or privately-negotiated transactions and intends to retire all repurchased shares.
The repurchases may be executed through a pre-arranged plan under Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. Additional open market and privately-negotiated purchases may occur outside the repurchase plan, subject to market conditions and applicable regulations.
Alpha Pro Tech (NYSE American: APT) reported Q2 2024 financial results with net income of $1.6 million or $0.15 per diluted share, up 43.5% from Q2 2023. Net sales increased 1.1% to $16.3 million. The Building Supply segment saw a 5.7% decrease in sales, while the Disposable Protective Apparel segment experienced a 13.8% increase. The company maintained a strong financial position with $16.2 million in cash and $50.7 million in working capital as of June 30, 2024. Despite challenges in the housing market, APT saw growth in disposable protective garments and face mask sales. The company continues its stock repurchase program, having bought back 515,000 shares in H1 2024.
Alpha Pro Tech, announced its first-quarter 2024 financial results. Total sales decreased by 2.3% to $13.5 million compared to the prior year. Disposable Protective Apparel sales increased by 1.4%, while Building Supply segment sales decreased by 4.5%. The company reported a net income of $576,000 for Q1 2024. Cash stood at $18.5 million with no debt as of March 31, 2024.
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