secwatch.observer — SEC 8-K summary
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Issuer:     ALPHA PRO TECH LTD (APT)
CIK:        0000884269
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001437749-25-007164
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884269/000143774925007164/0001437749-25-007164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884269/000143774925007164/apt20250312_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-007164

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