Company: APT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025400
Chunk: 41

Company: ALPHA PRO TECH LTD
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 41
---
 for the three months ended June 30, 2025, compared to $1,712,000 for the three months ended June 30, 2024. The decreased income from operations was primarily due to a decrease in gross profit of $710,000, partially offset by a decrease in selling, general and administrative expenses of $328,000 and a decrease in depreciation and amortization expenses of $5,000. Income from operations as a percentage of net sales for the three months ended June 30, 2025, was 8.0%, compared to 10.5% for the three months ended June 30, 2024.

Income from operations decreased by $248,000, or 12.2%, to $1,790,000 for the six months ended June 30, 2025, compared to $2,038,000 for the six months ended June 30, 2024. The decreased income from operations was primarily due to a decrease in gross profit of $736,000, partially offset by a decrease in selling, general and administrative expenses of $482,000 and a decrease in depreciation and amortization expenses of $6,000. Income from operations as a percentage of net sales for the six months ended June 30, 2025, was 5.9%, compared to 6.8% for the six months ended June 30, 2024.

21

Alpha Pro Tech, Ltd.

Other Income. Other income decreased by $131,000 to income of $276,000 for the three months ended June 30, 2025, compared to $407,000 for the same period of 2024. The decrease was primarily due to a decrease in interest income of $68,000 and a decrease in equity in income of unconsolidated affiliate of $63,000.

Other income decreased by $210,000 to income of $593,000 for the six months ended June 30, 2025, compared to $803,000 for the same period of 2024. The decrease was primarily due to a decrease in interest income of $150,000 and a decrease in equity in income of unconsolidated affiliate of $60,000.

Income before Provision for Income Taxes. Income before provision for income taxes for the three months ended June 30, 2025, was $1,611,000, compared to income before provision for income taxes of $2,119,000 for the same period of