Alpha Pro Tech (APT) reported fourth‑quarter 2025 results, posting earnings per share of $0.07, a 12.5 % decline from the $0.08 EPS reported in Q4 2024. The company’s revenue rose to $13.9 million, up 0.7 % from $13.8 million in the same quarter a year earlier, reflecting modest top‑line growth amid a challenging macro environment.
Gross margin compression continued, with the quarter’s gross profit margin at 37.1 %, down from 37.6 % in Q4 2024. The decline is largely attributable to increased U.S. tariffs on imported inputs, which have pushed input costs higher and limited the company’s ability to pass on full price increases to customers.
The Building Supply segment remained flat, while the Disposable Protective Apparel segment drove the revenue growth, with garment sales up 12.2 % year‑over‑year. However, the segment’s overall profitability slipped as higher tariffs and sales rebates eroded margins, contributing to the overall margin contraction.
Management highlighted the impact of the housing‑market slowdown on the Building Supply business, noting that single‑family housing starts fell 7 % through October 2025. CEO Lloyd Hoffman said the company’s core building products performed better than the broader market, with housewrap sales up 2.3 % despite a 7 % decline in housing starts, underscoring the resilience of the product mix.
CFO Colleen McDonald reported that the company maintained a strong liquidity position, with $17.0 million in cash and $1.4 million available for share repurchases as of December 31 2025. The company’s guidance for the full year 2026 remains unchanged, indicating management’s cautious outlook amid tariff uncertainty and a weak housing market.
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