Alpha Pro Tech Q3 net sales $14.7M; net income falls 34% to $0.5M

ALPHA PRO TECH LTD

2022-Q3 EPS reported $0.21 revenue$49,756,000

Net sales up 1.7% YoY to $14.7M; disposable apparel +16.2%, building supply -4.6%.
Net income $0.5M ($0.04 diluted EPS) vs $0.8M ($0.06) in Q3 2021; gross margin 32.7%.
Cash $15.5M, no debt; working capital $50.6M; current ratio 27:1.
Repurchased 259,200 shares for $1.1M in Q3; $1.2M remaining under buyback program.
Capital commitments $4.0M for equipment; $3.1M paid; expects operational impact in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALPHA PRO TECH LTD reported the third quarter ended September 30, 2022 results: revenue $14.7 million, net income $0.5 million, EPS $0.04 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $14.7 million
Net income: $0.5 million
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

Net sales for the third quarter of 2022 were $14.7 million, up 1.7%, compared to $14.5 million for the third quarter of 2021 o Disposable Protective Apparel segment sales increased by 16.2%, to $5.1 million, compared to $4.4 million for the same period of 2021 o Building Supply segment sales decreased by $0.5 million, or 4.6%, to $9.6 million, compared to $10.1 million for the same period of 2021 ● Net income for the third quarter of 2022 was $0.5 million, or $0.04 per diluted share, compared to $0.8 million, or $0.06 per diluted share, for the third quarter of 2021

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Source: SEC EDGAR

accession 0001437749-22-026108

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