Alpha Pro Tech reports 2024 net sales $57.8M (-5.5% YoY); net income $3.9M

ALPHA PRO TECH LTD

Net sales $57.8M for FY2024, down 5.5% from $61.2M; Q4 sales $13.8M, down 9.5%.
Net income $3.9M ($0.35 diluted EPS) vs $4.2M ($0.35 EPS) in 2023; Q4 net income $847K, down 20.2%.
Gross margin improved to 39.6% from 37.3%; cash $18.6M, no debt, working capital $47.5M.
Building Supply sales down 11% (housewrap -6.4%, synthetic roof underlayment -8.8%); disposable apparel up 5%.
Repurchased 831,000 shares for $4.5M in 2024; $2.7M remaining under buyback program.

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