Alpha Pro Tech Q1 2023 net sales down 21.9%; net income falls 63.7% to $0.05 EPS

ALPHA PRO TECH LTD

2023-Q1 EPS reported $0.05 revenue$13,800,000

Net sales $13.8M (-21.9% YoY); net income $552K ($0.05 diluted EPS) vs $1.5M ($0.12) prior year.
Building Supply segment sales down 15.7% to $8.6M; Disposable Protective Apparel down 30.4% to $5.2M.
Disposable protective garment sales up 10.6% to $4.4M; face mask/shield sales declined over 75%.
Cash $13.8M, no debt; working capital $50.1M; repurchased 200K shares for $833K in Q1.
Gross profit margin 36.1% vs 36.5% prior year; management expects improvement as lower-cost inventory sells.

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 0.95

ALPHA PRO TECH LTD reported the three month period ended March 31, 2023 results: revenue $13.8 million.

Period: the three month period ended March 31, 2023
Revenue: $13.8 million
Result: reported results

Exact text from the filing

Net sales for the first quarter of 2023 were $13.8 million, down 21.9%, compared to $17.7 million for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001437749-23-013151

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