Alpha Pro Tech Reports 2024 Financial Results

Alpha Pro Tech, Ltd. ( (APT) ) has released its Q4 earnings. Here is a breakdown of the information Alpha Pro Tech, Ltd. presented to its investors.

Alpha Pro Tech, Ltd. is a leading manufacturer specializing in protective apparel and building products, catering to industrial, clean room, medical, dental, and construction markets. The company recently released its financial results for the fourth quarter and full year of 2024, highlighting a slight decline in net sales and net income compared to the previous year. Despite challenges in the housing market and increased competition, Alpha Pro Tech remains optimistic about future growth.

The company’s net sales for 2024 were reported at $57.8 million, a 5.5% decrease from 2023. Net income also saw a decline, totaling $3.9 million for the year. The Building Supply segment experienced a notable drop in sales due to decreased demand and competition, while the Disposable Protective Apparel segment showed resilience with a 5% increase in sales, driven by new distribution agreements and growth among channel partners.

Alpha Pro Tech’s gross profit margin improved slightly to 39.6% in 2024, despite a decrease in gross profit for the fourth quarter. The company maintained a strong balance sheet with $18.6 million in cash and no debt, allowing for continued investment in growth initiatives. The management anticipates growth in both the Building Supply and Disposable Protective Apparel segments in 2025, supported by strategic partnerships and market expansion efforts.

Looking ahead, Alpha Pro Tech is focused on leveraging its manufacturing capabilities and expanding its market presence. The company is optimistic about the projected increase in housing starts in 2025, which could boost its Building Supply segment. Additionally, the company expects continued growth in its Disposable Protective Apparel segment, supported by new agreements and preferred supplier status with international partners.