earnings
confidence high
sentiment negative
materiality 0.65
Alpha Pro Tech Q1 sales down 23.7% to $17.7M; building supply up 22.7% to record $10.2M
ALPHA PRO TECH LTD
2022-Q1 EPS reported
$0.12
revenue$17,661,000
- Net income $1.5M ($0.12 diluted) vs $3.7M ($0.27) YoY; gross margin 36.5% vs 39.6%.
- Disposable Protective Apparel sales fell 49.9% to $7.4M; face masks -59%, face shields -52%.
- Building Supply segment hit record $10.2M (+22.7%) driven by roof underlayment (+13.9%) and housewrap (+18.4%).
- Cash $14.2M, no debt; repurchased 170k shares for $756k; $1.3M remaining in buyback program.
- Invested ~$4.0M in new equipment for Building Supply; final equipment expected operational in Q3 2022.