secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001437749-23-013151
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 2023 net sales down 21.9%; net income falls 63.7% to $0.05 EPS
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774923013151/0001437749-23-013151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774923013151/apt20230505_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013151

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