Alpha Pro Tech (APT) Q4 2025 earnings summary

Executive summary

• Full year 2025 net sales rose 2.3% to $59.1 million, with net income at $3.5 million, down 9.9% year-over-year.

• Disposable Protective Apparel segment drove growth, while Building Supply segment was flat overall.

• Tariffs and market volatility impacted gross margins and segment performance.

Financial highlights

• Net sales for Q4 2025 were $13.9 million, up slightly from $13.8 million in Q4 2024.

• Gross profit for 2025 was $22.5 million, down 1.7% year-over-year; gross margin declined to 38.1% from 39.6%.

• Net income for 2025 was $3.5 million ($0.33 per diluted share), compared to $3.9 million ($0.35 per diluted share) in 2024.

• Cash at year-end was $17.0 million, with working capital of $48.5 million and no debt.

Outlook and guidance

• Management expects continued growth in housewrap and synthetic roof underlayment if economic and housing market uncertainty eases.

• Gross margin is expected to improve in 2026 as higher-tariffed inventory is depleted.

• Growth anticipated in both Building Supply and Disposable Protective Apparel segments in 2026.