secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001437749-24-015237
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774924015237/0001437749-24-015237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774924015237/apt20240507_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-015237

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