Company: APT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025400
Chunk: 34

Company: ALPHA PRO TECH LTD
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 34
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 to pay. Any such developments could materially and adversely affect our business operations, results of operations and cash flows. We continue to monitor these changing tariffs and trade restrictions. If new tariffs or trade restrictions are imposed, we may need to adjust our pricing, increase inventory levels, or seek alternative suppliers, any of which could materially affect our revenue, gross margins, and overall financial performance.

RESULTS OF OPERATIONS

The following table sets forth certain operational data as a percentage of net sales for the periods indicated:

                                                    For the Three Months Ended                 For the Six Months             
                                                                                                                              
                                                                      June 30,                     Ended June 30,             
                                                                          2025                               2025             
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net sales                                                              100.0      100.0                   100.0      100.0  
  Gross profit                                                            36.8       42.0                    37.8       41.2  
  Selling, general and administrative expenses                            27.3       30.0                    30.3       32.7  
  Income from operations                                                   8.0       10.5                     5.9        6.8  
  Income before provision for income taxes                                 9.7       13.0                     7.8        9.5  
  Net income                                                               7.5       10.1                     6.1        7.5  

Three and Six months ended June 30, 2025 compared to Three and Six months ended June 30, 2024

Sales. Consolidated sales for the three months ended June 30, 2025, increased to $16,672,000, from $16,289,000 for the three months ended June 30, 2024, representing an increase of $383,000, or 2.4%. This increase consisted of increased sales in the Building Supply segment of $1,143,000, partially offset by decreased sales in the Disposable Protective Apparel segment of $760,000.

18

Alpha Pro Tech, Ltd.

Building Supply segment sales for the three months ended June 30, 2025, increased by $1,143,000, or 11.5%, to $11,084,000 compared to $9,941,000 for the three months ended June 30, 2024. It was a record quarter for sales of the core