Reports Q4 revenue $13.8M vs $15.265M last year. Lloyd Hoffman, President and Chief Executive Officer of Alpha Pro Tech (APT), commented, “The housing market continues to show weakness, with housing starts down 4.4% in 2024 compared to 2023. Although sales of the core building products, were down 7.9% in 2024, exceeding the decline in housing starts, we are optimistic about the future for the following reasons. Excluding the decline of sales by two private label distributors, the 2024 sales performance of our core building products would have resulted in a lower percentage decline then the reduction in housing starts, indicating that we otherwise outperformed the overall market.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off