Company: APT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025400
Chunk: 20

Company: ALPHA PRO TECH LTD
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 2025increased by $1,275,000, or 7.0%, to $19,456,000, compared to $18,181,000 for the same period of 2024. This is the second highest mid-year Building Supply segment sales on record.

The Building Supply segment sales increase during the six months ended June 30, 2025, was primarily due to a 15.7% increase in sales of synthetic roof underlayment and a 19.9% increase in sales of other woven material, partially offset by a 1.8% decrease in sales of housewrap compared to the same period of 2024.

The sales mix of the Building Supply segment for the six months ended June 30, 2025 was 48% for housewrap, 43% for synthetic roof underlayment and 9% for other woven material. This compared to 52% for housewrap, 40% for synthetic roof underlayment and 8% for other woven material for the six months ended June 30, 2024.

We are encouraged by our year-to-date increase in core building product sales of 5.2%, especially since single-family housing starts were down 6.8% during the same period. Excluding the decline in housewrap sales to two private-label distributors, which were beyond our control, the year-to-date sales performance of our core building products would have improved upon an already mid-year sales record for Building Supply segment sales.

Sales of other woven material were up 19.9% year-to-date, primarily due to increased sales to our largest customer for this product line. As previously stated, we have hired a Director of Product and Business Development, with the intent of significantly increasing sales of other woven material.

Management expects continued growth in the Building Supply segment for the remainder of 2025 and is encouraged by the strength in the second quarter of 2025. However, there continues to be uncertainty in housing starts, volatility and uncertainty in the economy as well as a stronger than normal hurricane season in the latter part of 2024 which could affect this segment.

Disposable Protective Apparel segment sales for the six months ended June 30, 2025decreased by $553,000, or 4.8%, to $11,038,000, compared to $11,591,000 for the same period of 2024. This segment decrease was due to a 1.1% decrease in sales of disposable protective garments,