Alpha Pro Tech Q1 net sales down 2.3% to $13.5M; net income up 4.3% to $576K

ALPHA PRO TECH LTD

2024-Q1 EPS reported $0.05 revenue$13,482,000

Building Supply segment sales fell 4.5% to $8.2M; housewrap sales rose 24.3% but other woven materials plunged 71.4%.
Disposable Protective Apparel sales edged up 1.4% to $5.24M; face mask and shield sales improved sequentially.
Gross margin expanded to 40.2% from 36.1% YoY; operating income fell 23.5% to $326K on higher SG&A.
Diluted EPS flat at $0.05; cash $18.5M, no debt; working capital $50.3M with current ratio 25:1.
Repurchased 270K shares for $1.4M in Q1; $777K remaining under program plus $2.0M expansion announced post-quarter.

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 first quarter ended March 31, 2024 results: revenue $13.5 million, net income $576,000, EPS $0.05 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $13.5 million
Net income: $576,000
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

99.1) --- EX-99.1 2 ex_669583.htm EXHIBIT 99.1 ex_669583.htm Exhibit 99.1 ALPHA PRO TECH, LTD. ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Total Sales Decreased by 2.3% to $13.5 Million Compared to the Prior Year Period Housewrap and Accessory Product Sales Increase by 24.3% FOR IMMEDIATE RELEASE Company Contact : Investor Relations Contact : Alpha Pro Tech,

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Source: SEC EDGAR

accession 0001437749-24-015237

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