Alpha Pro Tech Q2 net income falls 58.5% to $693K; building supply segment hits record sales

ALPHA PRO TECH LTD

2022-Q2 EPS reported $0.17 revenue$35,034,000

Net sales $17.4M, down 2.4% YoY; diluted EPS $0.05 vs $0.12 in Q2 2021.
Building Supply segment sales record $10.8M (+10.4%); Disposable Protective Apparel down 18.1% to $6.6M.
Gross margin 32.3% vs 35.0% due to higher ocean freight, raw material, and labor costs.
Cash $15.3M, no debt; repurchased 225,500 shares for $960K in Q2.
Recorded $490K loss on fixed assets from undelivered equipment; lawsuit filed.

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