secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001437749-22-018820
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774922018820/0001437749-22-018820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774922018820/apt20220804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-018820

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer