Alpha Pro Tech, Ltd. (NYSE American: APT) announced its financial results for the third quarter and nine months ended September 30, 2026, in a press release filed with the SEC on November 10, 2026.
For the third quarter of 2026, the company reported net sales of $16.6 million, an increase of 12.3% compared to $14.8 million in the prior year period. Net income for the quarter was $1.9 million, or $0.19 per diluted share, compared to $976,000, or $0.09 per diluted share, in the third quarter of 2025.
Segment performance varied between the company's Building Supply and Disposable Protective Apparel divisions. Building Supply segment sales increased by 1.7% to $9.4 million, driven primarily by a 13.1% increase in housewrap sales. Conversely, sales of synthetic roof underlayment decreased by 6.3%, and sales of other woven material decreased by 22.0% compared to the prior year.
The Disposable Protective Apparel segment saw stronger growth, with sales increasing by 30.2% to $7.2 million. The company noted that this increase was driven by improved sales across its distribution network and higher selling prices. Sales of disposable protective garments, which comprise 90% of the segment, increased by 30.6%.
Gross profit for the third quarter of 2026 was $6.9 million, representing a margin of 41.8%, compared to $5.9 million and a margin of 39.7% in the prior year. The company attributed the margin expansion to the rescission of 50% IEEPA tariffs on goods from India in late February 2026, following a U.S. Supreme Court decision, though it noted it continues to incur a new 10% tariff under Section 122 of the Trade Act of 1974.
As of September 30, 2026, the company reported cash of $25.5 million and working capital of $52.1 million, with no debt. The current ratio stood at 9:1. During the nine months ended September 30, 2026, the company repurchased 97,982 shares of common stock at a cost of $483,000, bringing the total number of shares repurchased to 22.0 million at a cost of approximately $58.6 million.
