Company: APT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033545
Chunk: 22

Company: ALPHA PRO TECH LTD
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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.4%, compared to 5.2% for the three months ended September 30, 2024.

Income from operations increased by $112,000, or 4.0%, to $2,887,000 for the nine months ended September 30, 2025, compared to $2,775,000 for the nine months ended September 30, 2024. The increased income from operations was primarily due to a decrease in selling, general and administrative expenses of $416,000 and a decrease in depreciation and amortization expenses of $48,000, partially offset by a decrease in gross profit of $352,000. Income from operations as a percentage of net sales for the nine months ended September 30, 2025, was 6.4%, compared to 6.3% for the nine months ended September 30, 2024.

Other Income. Other income decreased by $166,000 to income of $196,000 for the three months ended September 30, 2025, compared to $362,000 for the same period of 2024. The decrease was primarily due to a decrease in interest income of $66,000, a decrease in equity in income of unconsolidated affiliate of $70,000 and a decrease in gain on sale of assets of $30,000.

Other income decreased by $376,000 to income of $789,000 for the nine months ended September 30, 2025, compared to $1,165,000 for the same period of 2024. The decrease was primarily due to a decrease in interest income of $216,000, a decrease in equity in income of unconsolidated affiliate of $130,000 and a decrease in gain on sale of assets of $30,000.

Income before Provision for Income Taxes. Income before provision for income taxes for the three months ended September 30, 2025, was $1,293,000, compared to income before provision for income taxes of $1,099,000 for the same period of 2024, representing an increase of $194,000, or 17.7%. This increase in income before provision for income taxes was due to an increase in income from operations of $360,000, partially offset by a decrease in other income of $166,000.

Income before provision for income taxes for the nine months ended September 30, 2025, was $3,676,000, compared to income before provision