Alpha Pro Tech Q3 net income up 184% to $1.4M; building supply sales record $11.4M

ALPHA PRO TECH LTD

2023-Q3 EPS reported $0.26 revenue$45,967,000

Net sales $16.1M, +9.0% YoY; net income $1.4M ($0.12 EPS) vs $503K ($0.04 EPS).
Building Supply segment sales record $11.4M (+19.2%); housewrap sales up 25.7%.
Disposable Protective Apparel sales fell 10.0% to $4.6M; garments up 5.1%, masks/shields down.
Cash $18.2M, no debt; YTD repurchased 724,110 shares for $3.0M under buyback program.
Management expects new self-adhered roofing line in late 2023/early 2024 to drive growth.

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 third quarter and nine months ended September 30, 2023 results: revenue $16.1 million, net income $1.4 million, EPS $0.12 per basic and diluted share.

Period: the third quarter and nine months ended September 30, 2023
Revenue: $16.1 million
Net income: $1.4 million
EPS: $0.12 per basic and diluted share
Result: reported results

Exact text from the filing

99.1) --- EX-99.1 2 ex_592722.htm EXHIBIT 99.1 ex_592722.htm Exhibit 99.1 ALPHA PRO TECH, LTD. ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS Overall sales increased by 9.0% to $16.1 million compared to $14.7 million for the third quarter of 2022 Net income for the quarter ended September 30, 2023 was $1.4 million, compared to net income of $503,000 for the same

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Source: SEC EDGAR

accession 0001437749-23-030609

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