Financial Performance - Net sales for Q1 2024 were $13.5 million, a decrease of 2.3% from $13.8 million in Q1 2023[2]. - Net income for Q1 2024 was $576,000, representing an increase of 4.3% from $552,000 in Q1 2023, with earnings per share remaining at $0.05[18]. - Gross profit increased by $435,000, or 8.7%, to $5.4 million, with a gross profit margin of 40.2% compared to 36.1% in Q1 2023[13]. - Net sales for March 2024 were $13,482,000, a decrease of 2.3% compared to $13,800,000 in March 2023[27]. - Gross profit increased to $5,417,000 in March 2024, up 8.7% from $4,982,000 in March 2023[27]. - Net income for March 2024 was $576,000, slightly up from $552,000 in March 2023, representing a growth of 4.4%[27]. - Basic earnings per share remained stable at $0.05 for both March 2024 and March 2023[27]. Segment Performance - Building Supply segment sales decreased by $391,000, or 4.5%, to $8.2 million, while Disposable Protective Apparel segment sales increased by $73,000, or 1.4%, to $5.24 million[2][10]. - The Building Supply segment achieved 7.6% growth in core products, excluding other woven materials, despite economic uncertainty in the housing market[3][10]. - Housewrap and accessories sales grew by 24.3%, with premium housewrap line (REX™ Wrap Fortis) sales up 13.7%[4]. - Sales of disposable protective garments increased by 0.5%, with a significant demand indicated by a 24% increase in sales to a major international supply chain partner[7]. Expenses and Liabilities - Selling, general and administrative expenses rose by $534,000, or 12.4%, to $4.8 million, increasing as a percentage of net sales to 36.0% from 31.3%[14]. - Operating expenses rose to $5,091,000 in March 2024, compared to $4,556,000 in March 2023, reflecting an increase of 11.7%[27]. - Total current liabilities decreased to $2,065,000 in March 2024 from $2,566,000 in December 2023, a reduction of 19.6%[25]. Assets and Equity - As of March 31, 2024, the company had cash of $18.5 million and working capital of $50.3 million, with no debt[19]. - Total assets increased to $72,712,000 as of March 31, 2024, compared to $68,763,000 at the end of December 2023, marking a growth of 5.6%[24][26]. - Shareholders' equity increased to $61,643,000 as of March 31, 2024, compared to $61,568,000 at the end of December 2023, reflecting a slight increase of 0.1%[26]. Share Repurchase - The company repurchased 270,000 shares at a cost of $1.4 million during Q1 2024, with a total of 20.7 million shares repurchased at approximately $51.7 million[20]. Forward-Looking Statements - The company cautions that forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from estimates[22]. Equity in Affiliates - The company reported equity in income of unconsolidated affiliates at $138,000 for March 2024, up from $109,000 in March 2023, an increase of 26.6%[27].

Total Sales Decreased by 2.3% to $13.5 Million Compared to the Prior Year Period   Housewrap and Accessory Product Sales Increase by 24.3% Net sales for the first quarter of 2024 were $13.5 million, down 2.3%, compared to $13.8 million for the first quarter of 2023. Building Supply segment sales decreased by $391,000, or 4.5%, to $8.2 million, compared to $8.6 million for the three months ended March 31, 2023.Disposable Protective Apparel segment sales increased by $73,000, or 1.4%, to $5.24 million, compar ...

Nogales, Arizona, April 03, 2024 (GLOBE NEWSWIRE) -- Alpha Pro Tech, Ltd. (NYSE:APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced that its Board of Directors has authorized a $2.0 million expansion of the Company's existing share repurchase program. With this authorized expansion, the Company now has approximately $2.7 million available to repurchase shares of the Company's common st ...

Net sales for the fourth quarter of 2023 was $15.3 million, up by 24.9% compared to $12.2 million for the fourth quarter of 2022 Building Supply segment sales increased by $3.5 million, or 55.7%, to $9.8 million, compared to $6.3 million for the three months ended December 31, 2022Disposable Protective Apparel segment sales decreased by 7.7%, to $5.5 million, compared to $5.9 million for the same period of 2022 Net income for the fourth quarter of 2023 was $1.1 million, or $0.09 per diluted share, compared ...

Exhibit 99.1 ALPHA PRO TECH, LTD. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Overall Fourth Quarter Sales Increased 24.9% to $15.3 Million, Compared to $12.2 Million for the Fourth Quarter of 2022 FOR IMMEDIATE RELEASE | --- | --- | |-------------------------------|-----------------------------------| | Company Contact: | Investor Relations Contact: | | Alpha Pro Tech, Ltd. | HIR Holdings | | Donna Millar | Cameron Donahue | | 905-479-0654 | 651-707-3532 | | e-mail: ir@alphaprotech.com | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 001-15725 ALPHA PRO TECH, LTD. (Exact Name of Registrant as Specified in Its Charter) Delaware 63-1009183 (State or Other Jurisdiction of Incorpora ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-15725 Alpha Pro Tech, Ltd. (Exact Name of Registrant as Specified in Its Charter) Delaware, U.S.A. 63-1009183 (State or Other Jurisdiction o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-15725 Alpha Pro Tech, Ltd. (Exact Name of Registrant as Specified in Its Charter) Delaware, U.S.A. 63-1009183 (State or Other Jurisdiction of Inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-15725 Alpha Pro Tech, Ltd. (Exact Name of Registrant as Specified in Its Charter) Delaware, U.S.A. 63-1009183 (State or Other Jurisdiction of In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 001-15725 _________________________ ALPHA PRO TECH, LTD. (Exact Name of Registrant as Specified in Its Charter) ________________ Delaware 63-100918 ...