Quarterly ResultMay 7, 2026, 09:02 AM
Alpha Pro Tech Q1 Net Sales +5.5% to $14.6M; Net Income +14.5%
AI Summary
Alpha Pro Tech, Ltd. reported a 5.5% increase in net sales to $14.6 million for the first quarter of 2026, with net income rising 14.5% to $702,000, or $0.07 per diluted share. The Disposable Protective Apparel segment saw strong growth of 23.4% to $6.7 million, driven by international demand and higher selling prices. However, the Building Supply segment sales decreased by 6.1% to $7.9 million due to a softer residential construction environment, despite gains in housewrap sales. Gross profit margin declined to 37.8% primarily due to U.S. tariffs, though management expects improvement as higher-cost inventory cycles through. The company maintains a strong balance sheet with $16.9 million in cash and no debt.
Key Highlights
- Q1 2026 net sales increased 5.5% to $14.6 million from $13.8 million in Q1 2025.
- Q1 2026 net income rose 14.5% to $702,000, or $0.07 per diluted share.
- Disposable Protective Apparel segment sales increased 23.4% to $6.7 million.
- Building Supply segment sales decreased 6.1% to $7.9 million.
- Gross profit margin was 37.8% in Q1 2026, down from 39.0% in Q1 2025.
- Cash on hand was $16.9 million with no debt as of March 31, 2026.
- The company has $1.4 million available for additional stock repurchases.