secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001437749-24-033488
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774924033488/0001437749-24-033488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774924033488/apt20241105_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033488

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