secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001437749-22-011637
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpha Pro Tech Q1 sales down 23.7% to $17.7M; building supply up 22.7% to record $10.2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774922011637/0001437749-22-011637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774922011637/apt20220509_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-011637

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