Alpha Pro Tech FY2025 sales up 2.3% but net income falls 9.9% on tariff headwinds

ALPHA PRO TECH LTD

FY2025 sales $59.1M (+2.3% YoY); net income $3.5M ($0.33 diluted EPS) vs $3.9M ($0.35) in 2024.
Disposable Protective Apparel segment sales up 5.7% to $23.1M; Building Supply flat at $36.0M.
Gross margin fell to 38.1% from 39.6%, hit by three US tariff increases and higher rebates.
Q4 sales $13.9M (flat); net income $0.7M ($0.07 EPS) vs $0.8M ($0.08) in prior year quarter.
Cash $17.0M, no debt; repurchased 685k shares for $3.3M in 2025.

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