Alpha Pro Tech (APT) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 increased 3.7% year-over-year to $14.8M, driven by growth in the Building Supply segment.

• Net income for Q3 2025 rose 13.2% to $976K, or $0.09 per diluted share, while year-to-date net income declined 8.1% to $2.83M compared to the same period in 2024.

• Gross profit margin improved to 39.7% in Q3 2025 from 38.5% in Q3 2024, but year-to-date margin declined due to tariffs and higher costs.

Financial highlights

• Q3 2025 net sales: $14.8M (up 3.7% YoY); YTD net sales: $45.3M (up 2.9% YoY).

• Q3 2025 net income: $976K (up 13.2% YoY); YTD net income: $2.83M (down 8.1% YoY).

• Q3 2025 gross profit: $5.9M (up 7.0% YoY); YTD gross profit: $17.4M (down 2.0% YoY).

• Q3 2025 EPS: $0.09 (basic and diluted); YTD EPS: $0.27 (basic and diluted).

• Cash and cash equivalents at quarter-end: $17.7M; working capital: $48.1M; no debt.

Outlook and guidance

• Management anticipates continued growth in Building Supply, driven by new product introductions and national builder partnerships, with new launches in 2026.

• Tariffs and economic uncertainty may negatively impact future gross margins and sales, though price increases may partially offset this.

• Optimism remains for growth in disposable protective garments and potential tariff reductions.

• Company expects current cash and operating cash flow to cover working capital and capital expenditures for the foreseeable future.