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.
Alpha Pro Tech (APT) reported its financial results for Q2 2022, revealing net sales of $17.4 million, a decline of 2.4% year-over-year. The Building Supply segment achieved record sales of $10.8 million, a 10.4% increase, driven by strong demand for housewrap products. However, the Disposable Protective Apparel segment saw a significant drop of 18.1%, totaling $6.6 million. Net income fell to $693,000 ($0.05 per share), down 58.5% from Q2 2021. Despite challenges in the disposable segment, the company is optimistic about its growth prospects in Building Supply, backed by solid cash reserves of $15.3 million and no debt.
Alpha Pro Tech (NYSE American: APT) announced a $2.0 million expansion to its existing share repurchase program, increasing the total available for buybacks to approximately $2.4 million. This includes $0.4 million remaining from a previous program initiated in December 2021. The company plans to repurchase shares via open market purchases or private transactions, with all repurchased shares intended to be retired. Open market transactions will adhere to Rule 10b5-1 and Rule 10b-18 guidelines, ensuring compliance with SEC regulations.
Alpha Pro Tech reported Q1 2022 net sales of $17.7 million, a decrease of 23.7% from $23.2 million in Q1 2021. The Building Supply segment achieved record sales of $10.2 million, growing 22.7% year-over-year, driven by strong demand for synthetic roof underlayment and housewrap. However, Disposable Protective Apparel sales declined 49.9% to $7.4 million due to reduced COVID-related demand. Net income fell to $1.5 million, or $0.12 per share, down 59.1% from $3.7 million in the prior year. The company maintains a strong balance sheet with $14.2 million in cash and no debt.
Alpha Pro Tech, Ltd. (APT) reported 2021 net sales of $68.6 million, the second-highest in its history, down from $102.7 million in 2020, largely due to a 56% decline in Disposable Protective Apparel sales. Building Supply segment sales increased 20.6% to a record $36.9 million. Net income fell to $6.7 million ($0.50 per share), significantly down from $26.9 million ($1.92 per share) in 2020. The company holds $16.3 million in cash with no debt. Positive growth forecasts in the Building Supply segment and a strategic production capacity increase are anticipated.
Alpha Pro Tech, Ltd. (APT) has announced a $2.0 million expansion of its share repurchase program, bringing the total available for repurchase to approximately $2.1 million. This includes $0.1 million from a previous program initiated in September 2020. The company plans to buy back shares through open market purchases or privately-negotiated transactions. All repurchased shares will be retired, potentially enhancing shareholder value by reducing the overall share count. This move aligns with the company's strategy to optimize its capital structure.
Alpha Pro Tech, Ltd. (APT) reported a 51.8% decrease in net sales for Q3 2021, totaling $14.5 million, compared to $30.0 million in Q3 2020. The Building Supply segment showed resilience with a 31.4% sales increase to $10.1 million, driven by rising demand for synthetic roof underlayment and housewrap products. Conversely, the Disposable Protective Apparel segment saw an 80.3% decline in sales. Net income fell to $766,000 from $8.1 million year-over-year. Despite challenges, the company maintains a strong cash position of $17.6 million and plans to invest $4.0 million to boost production capacity.
Alpha Pro Tech reported a net sales decline of 30.2% for Q2 2021, totaling $17.8 million, down from $25.5 million a year ago. The Disposable Protective Apparel segment saw a significant drop of 55.6%, primarily due to decreased demand for face masks and shields, although disposable protective garment sales surged by 36.3%. The Building Supply segment grew by 31.5%, highlighting continued demand. Net income fell to $1.8 million from $6.2 million, with EPS at $0.12 versus $0.46 in Q2 2020. The company holds $15.5 million in cash and zero debt, but faces challenges from rising costs and changing market dynamics.
Alpha Pro Tech announces a transition to a virtual-only format for its 2021 Annual Meeting of Shareholders on June 9, 2021, due to ongoing COVID-19 concerns. The meeting will take place at 9:30 a.m. ET, accessible via remote communication. Shareholders of record as of April 12, 2021, can participate by logging in with their control number and the password 'alpha2021'. A replay will be available on the company’s website until July 9, 2021. The items of business remain unchanged from previous communications.
Alpha Pro Tech reported a 28% increase in net sales for Q1 2021, totaling $23.2 million, driven by a 40% surge in the Disposable Protective Apparel segment. Their net income was $3.7 million, down from $5.3 million in Q1 2020, impacted by a prior year's tax benefit. The company experienced strong growth in face shields (94%) and synthetic roof underlayment (32%). However, they anticipate declining demand for face masks and face shields as the pandemic situation improves. They plan to invest $4.0 million to expand production capacity.
Alpha Pro Tech (APT) reported record full-year net sales of $102.7 million, marking a 120% increase year-over-year. The net income reached $27.1 million, or $1.94 per diluted share. For Q4 2020, sales hit $29.0 million compared to $10.9 million in Q4 2019, and net income surged to $7.4 million from $335,000. Significant growth was seen in face mask sales, totaling $41.8 million for 2020, driven by COVID-19 demand. Looking ahead, APT anticipates a normalization of demand for N-95 masks, though overall sales may remain strong.
FAQ
What is the current stock price of Alpha Pro Tech (APT)?
What is the market cap of Alpha Pro Tech (APT)?
