Alpha Pro Tech reports Q1 EPS 6c vs 5c last year

Reports Q1 revenue $13.822M vs $13.482M last year. Lloyd Hoffman, President and Chief Executive Officer of Alpha Pro Tech (APT), commented, “The housing market continued to show weakness in the first quarter of 2025, continuing the weak trend of 2024, with single-family housing starts down 4.7% compared to the same quarter in 2024. During the first quarter of 2025, we outperformed the market as sales of the core building products (housewrap and synthetic roof underlayment) were down 3.6%. Excluding the decline in housewrap sales to two private-label distributors, which were beyond our control, the first quarter sales performance of our core building products would have increased compared to the prior year quarter. Housewrap sales in the first quarter of 2025 have been challenging due to lower single -family housing starts, a significant decline in sales to two private-label distributors, economic uncertainty, and a period of colder temperatures and increased snowfall during the first quarter of 2025.