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. (NYSE American: APT) is a manufacturing company that regularly reports detailed financial and operational updates, making its news flow relevant for investors tracking both protective apparel and construction-related products. The company develops, manufactures and markets disposable and limited-use protective apparel for industrial, clean room, medical and dental markets, and also manufactures construction weatherization products such as building wrap and roof underlayment.
News about Alpha Pro Tech frequently includes quarterly and annual financial results, where management discusses segment performance in Building Supply and Disposable Protective Apparel. These releases provide net sales by segment, gross profit, income from operations, net income and balance sheet highlights, along with commentary on housing starts, tariffs, freight rates and distributor inventory trends that affect demand for housewrap, synthetic roof underlayment, disposable garments, face masks and face shields.
Investors can also follow capital allocation updates, including announcements of expansions to the company’s share repurchase program. These news items describe additional authorization amounts, remaining capacity under the program and the company’s intention to retire repurchased shares, as well as the use of open market and privately negotiated transactions under applicable SEC rules.
Other recurring themes in Alpha Pro Tech’s news include management’s discussion of distribution partnerships with regional, national and international channel partners, joint venture activities in India, and the impact of economic conditions and tariffs on margins and sales. For anyone monitoring APT stock, this news page offers a centralized view of the company’s earnings announcements, segment trends and board-authorized repurchase actions. Regularly reviewing these updates can help readers understand how macro factors and product-level dynamics are influencing Alpha Pro Tech’s reported results over time.
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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.
NOGALES, Ariz., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Alpha Pro Tech, Ltd. (NYSE American: APT) announced a $2.0 million expansion of its share repurchase program, increasing the total to approximately $2.4 million. This includes $0.4 million remaining from a prior expansion in June 2022. The company plans to repurchase shares through open market purchases or privately-negotiated transactions and will retire all repurchased shares. This move aims to enhance shareholder value and indicates management's confidence in the company's future.
Alpha Pro Tech reported Q3 2022 net sales of $14.7 million, a 1.7% increase from Q3 2021, driven by a 16.2% rise in Disposable Protective Apparel segment sales to $5.1 million. However, Building Supply segment sales fell 4.6% to $9.6 million. Net income decreased to $0.5 million or $0.04 per diluted share, down from $0.8 million or $0.06 a year earlier. The company reported $15.5 million in cash, with no debt, and working capital of $50.6 million as of September 30, 2022.
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