Company: APT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033545
Chunk: 18

Company: ALPHA PRO TECH LTD
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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, 2024, representing an increase of $1,256,000, or 2.9%. This increase consisted of increased sales in the Building Supply segment of $1,750,000, partially offset by decreased sales in the Disposable Protective Apparel segment of $494,000.

Building Supply segment sales for the nine months ended September 30, 2025increased by $1,750,000, or 6.5%, to $28,729,000, compared to $26,979,000 for the same period of 2024.

The Building Supply segment sales increase during the nine months ended September 30, 2025, was primarily due to a 6.7% increase in sales of synthetic roof underlayment, a 2.6% increase in sales of housewrap and a 18.8% increase in sales of other woven material compared to the same period of 2024.

The sales mix of the Building Supply segment for the nine months ended September 30, 2025 was 49% for housewrap, 40% for synthetic roof underlayment and 11% for other woven material. This compared to 50% for housewrap, 40% for synthetic roof underlayment and 10% for other woven material for the nine months ended September 30, 2024.

We continue to be encouraged by our year-to-date increase in core building product sales of 3.5%, especially since single-family housing starts were down 4.9% during year-to-date through August 2025. As stated above, the census bureau did not publish a report for September 2025 due to the US government shutdown. Additionally, we have achieved the highest year-to-date sales on seam tape, flashing and lumber wrap. Sales of other woven material were up 18.8% year-to-date, primarily due to increased sales to our largest customer for this product line.

Management expects growth in the Building Supply segment, however continued uncertainty in housing starts, tariffs and the economy in general could negatively affect this segment.

Disposable Protective Apparel segment sales for the nine months ended September 30, 2025decreased by $494,000, or 2.9%, to $16,550,000, compared to $17,044,000 for the same period of 2024. This segment decrease was due to a 2.5% increase in sales of disposable protective garments, offset by a 43.1% decrease in sales of