secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001437749-24-025046
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774924025046/0001437749-24-025046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774924025046/apt20240806_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-025046

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