earnings
confidence high
sentiment negative
materiality 0.70
Alpha Pro Tech FY2021 net income $6.8M, down 75%; Building Supply segment hits record $36.9M
ALPHA PRO TECH LTD
- FY2021 net sales $68.6M, second highest in history, down from $102.7M in 2020 due to pandemic pullback.
- Diluted EPS $0.50 vs $1.92 in 2020; Q4 diluted EPS $0.05 vs $0.52.
- Building Supply segment sales record $36.9M (+20.6% YoY) driven by synthetic roof underlayment and housewrap.
- Disposable Protective Apparel sales fell 56% to $31.7M; face mask sales down 80% from pandemic peak.
- Cash $16.3M, no debt; $2.1M remains in stock buyback program; $4M committed for Building Supply capacity expansion.