The strong beat on both revenue and earnings, combined with a debt-free balance sheet and accelerating apparel segment growth, is a clear positive. However, the housing market headwinds and cautious building supply outlook cap the upside. Monitor Q3 for continued apparel momentum and any improvement in housing starts.
Price Chart
Executive Summary
Alpha Pro Tech reported strong Q2 2026 results with net sales up 12.0% to $18.7M and net income up 46.8% to $1.8M ($0.18 diluted EPS), driven by a 24.9% surge in Disposable Protective Apparel and a 5.5% gain in Building Supply. The quarter included a $294K IEEPA tariff refund; excluding this, net income still rose 29.2% to $1.6M ($0.16 diluted EPS). The company maintains a debt-free balance sheet with $18.9M cash, though management's outlook for the building supply segment remains cautious amid a soft housing market.
Key Financial Metrics
Key Facts
- Q2 2026 net sales increased 12.0% YoY to $18.7M from $16.7M.
- Net income rose 46.8% to $1.8M ($0.18 diluted EPS) vs $1.2M ($0.12) in Q2 2025.
- Excluding a $294K IEEPA tariff refund, net income was $1.6M ($0.16 diluted EPS), up 29.2% YoY.
- Disposable Protective Apparel sales jumped 24.9% to $7.0M; Building Supply sales grew 5.5% to $11.7M.
- Cash balance of $18.9M, working capital of $51.0M, and zero debt as of June 30, 2026.
- Gross profit margin (GAAP) improved to 37.4% from 36.8%; excluding tariff refund, margin was 35.8%.
- Company has $1.3M remaining under its stock repurchase program.
Financial Impact
Revenue growth of $2.0M YoY; net income growth of $582K (46.8%) YoY, or $363K (29.2%) excluding tariff refund.
Risk Factors
- Continued weakness in U.S. single-family housing starts (-4.2% in Q2) pressuring Building Supply segment.
- Uncertainty around additional IEEPA tariff refunds and ongoing trade policy volatility.
- Forward-looking statements about a 'soft but generally stable' building market suggest limited near-term rebound.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-026101 |
| Document: apt20260804_8k.htm | 0001437749-26-026101 |
| Document: 0001437749-26-026101-index-headers.html | 0001437749-26-026101 |
| Document: 0001437749-26-026101-index.html | 0001437749-26-026101 |
| Document: 0001437749-26-026101.txt | 0001437749-26-026101 |
| 8-K Data (Synthetic) | 0001437749-26-026101 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | Insider Cluster | $5.07 $6.00 | ▲ +18.34% | ▲ +17.04% | $5.44 (+7.30%) |
Sep 30, 2026 26d ago | Insider Cluster | $5.07 $6.00 | ▼ −18.34% | ▼ −17.04% | $5.44 (−7.30%) |
Sep 16, 2026 5w ago | 8-K | $5.20 $5.11 | ▲ +1.73% | ▲ +4.29% | $5.44 (−4.62%) |
Aug 6, 2026 11w ago | 8-K | $5.22 $5.46 | ▲ +4.60% | ▲ +3.38% | $5.44 (+4.21%) |
Aug 6, 2026 11w ago | Press Release | $5.22 $5.46 | ▲ +4.60% | ▲ +3.38% | $5.44 (+4.21%) |
May 19, 2026 22w ago | Insider Cluster | $6.02 $5.94 | ▼ −1.33% | ▼ −3.58% | $5.44 (−9.63%) |
May 7, 2026 24w ago | 8-K | $6.48 $6.08 | ▼ −6.17% | ▼ −7.68% | $5.44 (−16.05%) |
May 7, 2026 24w ago | Press Release | $6.48 $6.08 | ▼ −6.17% | ▼ −7.68% | $5.44 (−16.05%) |
Mar 11, 2026 32w ago | Press Release | $5.05 $4.61 | ▼ −8.71% | ▼ −7.73% | $5.44 (+7.72%) |
US Market Status
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