Alpha Pro Tech Q2 net income up 43.5% to $1.6M; revenue $16.3M, up 1.1%

ALPHA PRO TECH LTD

2024-Q2 EPS reported $0.20 revenue$29,772,000

Net income $1.6M ($0.15 diluted EPS) vs $1.1M ($0.10) in Q2 2023, up 43.5%.
Revenue $16.3M, up 1.1%; Building Supply down 5.7% to $9.9M, Disposable Apparel up 13.8% to $6.3M.
Gross margin expanded to 42.0% from 37.9%, but ocean freight may pressure future margins.
Repurchased 515,000 shares for $2.7M in H1 2024; $1.5M remaining under buyback program.
Cash $16.2M, no debt; management expects challenging housing market remainder of 2024.

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