Alpha Pro Tech Q3 net sales down 11.2%, net income falls 40% to $862K; protective apparel segment up 18.4%

ALPHA PRO TECH LTD

2024-Q3 EPS reported $0.28 revenue$44,023,000

Net income of $862K ($0.08 diluted EPS) vs $1.4M ($0.12) in Q3 2023, down 39.7%.
Revenue of $14.3M, down 11.2% YoY; Building Supply segment fell 23.2% to $8.8M.
Disposable Protective Apparel segment grew 18.4% to $5.5M; face mask sales up 124.3%, face shields up 204.5%.
Cash $18.4M, no debt; repurchased 180K shares for $1.0M in Q3.
CEO expects hurricane rebuild orders to positively impact Q4 2024 synthetic roof underlayment sales.

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