Alpha Pro Tech, Ltd. ( (APT) ) has released its Q1 earnings. Here is a breakdown of the information Alpha Pro Tech, Ltd. presented to its investors.
Alpha Pro Tech, Ltd. is a prominent manufacturer specializing in disposable protective apparel and building products, serving various markets including industrial, medical, and construction sectors. The company operates with manufacturing facilities in the United States and a joint venture in India.
In the first quarter of 2025, Alpha Pro Tech reported a modest increase in sales, with total net sales reaching $13.8 million, a 2.5% rise compared to the same period in 2024. Despite challenges in the housing market, the company managed to outperform market trends in certain product categories.
Key financial highlights include a 1.6% increase in the Building Supply segment sales and a 4.0% rise in the Disposable Protective Apparel segment. Notably, sales of synthetic roof underlayment surged by 21.8%, while sales of other woven materials saw an impressive 89.3% increase. However, the company faced a decline in housewrap sales and a significant drop in face mask sales due to inventory adjustments by channel partners.
Alpha Pro Tech’s net income for the quarter was $613,000, a 6.4% increase from the previous year, with earnings per share rising to $0.06. The company maintains a strong financial position with $13.4 million in cash and no debt, although its gross profit margin slightly decreased due to prior high freight costs.
Looking ahead, Alpha Pro Tech remains optimistic about growth in its Building Supply segment, despite uncertainties in the housing market and economic conditions. The company is strategically positioned to capitalize on its competitive advantages in sourcing and distribution, although potential tariff changes could impact future margins.