earnings
confidence high
sentiment negative
materiality 0.75
Alpha Pro Tech Q3 rev down 52% to $14.5M, EPS $0.06; Building Supply segment record $10.1M
ALPHA PRO TECH LTD
2021-Q3 EPS reported
$0.45
revenue$55,442,000
- Net sales of $14.5M, down 51.8% YoY; net income of $766K ($0.06 diluted EPS) vs $8.1M ($0.58) in Q3 2020.
- Building Supply segment sales increased 31.4% to a record $10.1M; synthetic roof underlayment up 35.9%, housewrap up 25.7%.
- Disposable Protective Apparel segment sales fell 80.3% to $4.4M as mask/shield sales normalized to pre-pandemic levels.
- Cash of $17.6M; no debt; working capital $49.7M; current ratio 17:1.
- Company repurchased 46,000 shares in Q3 for $369K; $409K remaining under buyback program.