Alpha Pro Tech, Ltd. Announces Third Quarter 2024 Financial Results
Portfolio Pulse from
Alpha Pro Tech, Ltd. reported a decrease in overall sales by 11.2% for Q3 2024, with net sales at $14.3 million. The Disposable Protective Apparel segment saw an 18.4% increase, while the Building Supply segment dropped by 23.2%. Net income fell to $862,000 from $1.4 million in Q3 2023.
November 06, 2024 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alpha Pro Tech, Ltd. reported a decline in overall sales by 11.2% for Q3 2024, with net sales at $14.3 million. The Disposable Protective Apparel segment increased by 18.4%, while the Building Supply segment decreased by 23.2%. Net income dropped to $862,000 from $1.4 million in Q3 2023.
The overall sales decline and significant drop in the Building Supply segment are negative indicators for APT's short-term stock performance. Despite the increase in the Disposable Protective Apparel segment, the net income decrease suggests potential challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100