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Alpha Pro Tech, Ltd. reports recurring developments across its Building Supply and Disposable Protective Apparel segments. The company manufactures products designed to protect people, products and environments, including disposable protective garments, face shields and face masks for cleanroom, industrial, pharmaceutical, medical and dental markets.
News about APT commonly covers quarterly and annual financial results, segment sales trends, cash and working-capital commentary, and conditions affecting residential construction demand. Building Supply updates focus on housewrap, synthetic roof underlayment and related accessories, while corporate releases also include distribution-channel commentary and board-authorized share repurchase activity.
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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Alpha Pro Tech (APT) reported a fourth-quarter 2022 net sales of $12.2 million, down 7.4% from Q4 2021. Full-year sales fell 9.7% to $62.0 million. Net income for Q4 2022 was $564,000 or $0.05 per share, compared to $600,000 in Q4 2021. For 2022, net income dropped 51.4% to $3.3 million. Cash reserves stood at $16.3 million with no debt. While disposable protective garment sales saw a 27% increase in H2 2022, overall sales were hurt by excess inventory. The company expressed cautious optimism for 2023, expecting improved sales trends.