Earnings Releases·Nov 10, 2026, 9:41 AM ET

Alpha Pro Tech, Ltd. — Third Quarter 2026 Earnings Summary

Consolidated net sales rose 12.3% year-over-year to $16.6 million, while net income surged 97.2% to $1.9 million ($0.19 per diluted share), driven by an 18.2% increase in gross profit and improved margins to 41.8%.
The Disposable Protective Apparel segment led growth with a 30.2% sales increase to $7.2 million, outperforming the Building Supply segment's 1.7% gain to $9.4 million, despite a 22.0% decline in other woven materials.
Management anticipates a soft but stable building industry outlook for late 2026 and expects modest single-family housing start growth in 2027, with plans to expand housewrap and synthetic roof underlayment offerings.
The company maintains a debt-free balance sheet with $25.5 million in cash and continues capital return via stock repurchases, having retired 22.0 million shares to date with $914,000 remaining in the program.
Future performance faces headwinds from ongoing 10% tariff costs, foreign currency exchange risks, and potential internal control weaknesses, though the company outperformed industry shipment declines in core building products.