NOGALES, Ariz., March 12, 2025 (GLOBE NEWSWIRE) -- Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced financial results for the three month period and full year, ended December 31, 2024.
Overall sales decreased by 11.2% to $14.3 million compared to $16.1 million for the third quarter of 2023 Disposable Protective Apparel segment sales increased by 18.4% to $5.5 million compared to $4.6 million for the prior year period Building Supply segment sales decreased by 23.2% to $8.8 million compared to a record $11.4 million for the third quarter of 2023 Net sales for the third quarter of 2024 were $14.3 million, down 11.2%, compared to $16.1 million for the third quarter of 2023 Building Supply segment sales decreased by $2.7 million, or 23.2%, to $8.8 million compared to a record $11.4 million for the three months ended September 30, 2023 Disposable Protective Apparel segment sales increased by 18.4% to $5.5 million, compared to $4.6 million for the same period of 2023 Net income for the third quarter of 2024 was $862,000, or $0.08 per diluted share, compared to $1.4 million, or $0.12 per diluted share, for the third quarter of 2023 Cash and cash equivalents of $18.4 million and working capital of $48.7 million with no debt, as of September 30, 2024 NOGALES, Ariz., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Alpha Pro Tech, Ltd.
Meta has taken action against a small cluster of WhatsApp accounts linked to an Iranian hacking group, APT42, which was allegedly targeting officials associated with both President Joe Biden and former President Donald Trump.
Alpha Pro Tech is financially secure for the long term, due to accumulating large cash balances as a result of high demand for its products during the COVID pandemic. However, as well as falling demand for COVID related products, its Building Supply segment is now under pressure due a reduction in new building starts that is forecast to worsen. After due consideration, the previous Buy recommendation is now downgraded to Hold.