Quarterly ResultMay 7, 2026, 09:06 AM
Alpha Pro Tech Q1 Net Sales Up 5.5% to $14.6M; EPS $0.07
AI Summary
Alpha Pro Tech, Ltd. announced its first quarter 2026 financial results, reporting a 5.5% increase in net sales to $14.6 million and a 14.5% rise in net income to $702,000. The Disposable Protective Apparel segment saw significant growth, while the Building Supply segment experienced a decline, primarily due to lower synthetic roof underlayment sales amidst a challenging housing market. Gross profit margin was negatively impacted by 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
- Net sales for Q1 2026 increased by 5.5% to $14.6 million, compared to $13.8 million in Q1 2025.
- Net income for Q1 2026 was $702,000, or $0.07 per diluted share, up from $613,000, or $0.06 per diluted share, in Q1 2025.
- Disposable Protective Apparel segment sales rose by 23.4% to $6.7 million, driven by strong international demand.
- Building Supply segment sales decreased by 6.1% to $7.9 million, with housewrap sales up 13.1% but synthetic roof underlayment down 27.4%.
- Gross profit margin decreased to 37.8% from 39.0% due to the impact of U.S. tariffs.
- The company reported cash of $16.9 million and working capital of $49.3 million with no debt as of March 31, 2026.
- $1.4 million remains available for stock repurchases under the existing program.
Price Impact
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