Company: APT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025400
Chunk: 37

Company: ALPHA PRO TECH LTD
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 37
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 to achieve organic growth in 2025 while navigating increased costs due to tariffs. Our efforts to discover and partner with new channels in this segment have been productive, and we are pleased to bring on a few select, strategic regional players this past quarter.

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Alpha Pro Tech, Ltd.

Consolidated sales for the six months ended June 30, 2025increased to $30,494,000 from $29,772,000 for the six months ended June 30, 2024, representing an increase of $722,000, or 2.4%. This increase consisted of increased sales in the Building Supply segment of $1,275,000, partially offset by decreased sales in the Disposable Protective Apparel segment of $553,000.

Building Supply segment sales for the six months ended June 30, 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