secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001437749-24-007558
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774924007558/0001437749-24-007558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774924007558/apt20240313_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007558

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