Alpha Pro Tech, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 02:53 pm EST
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Alpha Pro Tech, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 16.05 million compared to USD 14.72 million a year ago. Net income was USD 1.43 million compared to USD 0.503 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.04 a year ago.
For the nine months, sales was USD 45.97 million compared to USD 49.76 million a year ago. Net income was USD 3.13 million compared to USD 2.72 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.21 a year ago.
Alpha Pro Tech, Ltd. is a Canada-based company, which is engaged in developing, manufacturing and marketing a line of protective apparel garments, face masks and face shields and a line of construction weatherization building products for the housing market. Its products are sold both under the Alpha Pro Tech brand name as well as under private labels. Its products are classified into two business segments: The Building Supply segment, and The Disposable Protective Apparel segment. The Building Supply segment consists of construction weatherization products, such as house wrap and synthetic roof underlayment, as well as other woven materials. The Disposable Protective Apparel segment consists of a head-to-toe disposable protective garment (shoe covers, bouffant caps, coveralls, gowns, frocks and lab coats), face masks and face shields. It serves the markets such as pharmaceuticals, biopharmaceuticals, medical device manufacturing, lab animal research, construction supply and more.