Company: APT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025400
Chunk: 17

Company: ALPHA PRO TECH LTD
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
.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 building products, which include housewrap and synthetic roof underlayment and comprise approximately 90% of the total Building Supply segment sales. Including sales of other woven material, which make up the additional approximately 10% of sales, the second quarter of 2025 was the second highest quarter on record for Building Supply segment sales.

The Building Supply segment increase during the three months ended June 30, 2025, was primarily due to a 10.6% increase in sales of synthetic roof underlayment, a 17.0% increase in sales of housewrap and a 0.1% increase in sales of other woven material compared to the same period of 2024

The sales mix of the Building Supply segment for the three months ended June 30, 2025, was approximately 40% for