Alpha Pro Tech Q4 net income up 88% to $1.1M; Building Supply sales rise 55.7%

ALPHA PRO TECH LTD

Q4 net sales $15.3M (+24.9% YoY); Building Supply $9.8M (+55.7%), Apparel $5.5M (-7.7%).
Q4 diluted EPS $0.09 vs $0.05; FY2023 diluted EPS $0.35 vs $0.26, net income $4.2M (+27.6%).
Cash $20.4M, no debt; working capital $50.5M; current ratio 21:1.
Inventory decreased 17.5% to $20.1M; housewrap sales up 22.2% in FY2023.
Repurchased 951,010 shares in 2023 for $4.0M; $2.2M remains under buyback program.

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 fourth quarter and year ended December 31, 2023 results: revenue $15.3 million, net income $1.1 million, or $0.09 per diluted share.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $15.3 million
Net income: $1.1 million, or $0.09 per diluted share
Result: reported results

Exact text from the filing

EXHIBIT 99.1 ex_638741.htm Exhibit 99.1 ALPHA PRO TECH, LTD. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Overall Fourth Quarter Sales Increased 24.9% to $15.3 Million, Compared to $12.2 Million for the Fourth Quarter of 2022 FOR IMMEDIATE RELEASE Company Contact : Investor Relations Contact : Alpha Pro Tech, Ltd. HIR Holdings Donna Millar

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALPHA PRO TECH LTD reported the year ended December 31, 2023 results: net income Net income for the year ended December 31, 2023 was $4.2 million, or $0.35 per diluted share.

Period: the year ended December 31, 2023
Net income: Net income for the year ended December 31, 2023 was $4.2 million, or $0.35 per diluted share
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2023 was $4.2 million, or $0.35 per diluted share, compared to $3.3 million, or $0.26 per diluted share, for the year ended December 31, 2022

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Source: SEC EDGAR

accession 0001437749-24-007558

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