secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001437749-22-005676
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpha Pro Tech FY2021 net income $6.8M, down 75%; Building Supply segment hits record $36.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774922005676/0001437749-22-005676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774922005676/apt20220309_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-005676

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