secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001437749-23-022413
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpha Pro Tech Q2 net income up 65% to $1.1M; sales down 7.2% to $16.1M
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- EPS of $0.10, vs $0.05 in Q2 2022; net income $1.1M vs $693K.
- Housewrap sales up 17.6% vs Q2 2022, outperforming 14.5% drop in U.S. single-family housing starts.
- Disposable Protective Apparel segment sales down 14.9% to $5.6M, garment sales up 7.6% but masks down 71.6%.
- Gross margin improved 560 bps to 37.9% on lower ocean freight rates; $15.3M cash, no debt.
- Company repurchased 475K shares for $1.9M in H1 2023; $2.3M remaining on buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774923022413/0001437749-23-022413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774923022413/apt20230807_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-022413

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