Strong sales growth and balance sheet strength (no debt, high liquidity) support the stock's small-cap defensive profile, but the housing market headwinds and tariff-related uncertainties cap upside. The $1.3M remaining buyback authorization provides modest support. No guidance was issued, limiting catalysts. Monitor Q3 for housing market trends and any further tariff refunds.
Price Chart
Executive Summary
Alpha Pro Tech reported Q2 2026 results with net sales up 12.0% YoY to $18.7M and net income up 46.8% to $1.8M ($0.18 diluted EPS), boosted by a $219K IEEPA tariff refund. Excluding the refund, net income grew 29.2% to $1.6M ($0.16 diluted EPS). Both segments grew, with Disposable Protective Apparel up 24.9% and Building Supply up 5.5%, though management highlighted a soft housing market with single-family starts down 4.2% and industry shipments down 10.0%, guiding to a 'soft but generally stable' outlook for the remainder of 2026.
Key Financial Metrics
Key Facts
- Net sales increased 12.0% YoY to $18.7M for Q2 2026.
- GAAP net income rose 46.8% to $1.8M ($0.18 diluted EPS) from $1.2M ($0.12) a year ago.
- Excluding $219K IEEPA tariff refund, adjusted net income grew 29.2% to $1.6M ($0.16 diluted EPS).
- Disposable Protective Apparel segment sales grew 24.9% to $7.0M; Building Supply sales grew 5.5% to $11.7M.
- Cash of $18.9M, working capital $51.0M, current ratio 17:1, no debt.
- Stock repurchase program has $1.3M remaining; 21.9M shares bought back since inception.
- Management described housing market as 'soft but generally stable' with no meaningful rebound expected.
Financial Impact
Net sales +12%, GAAP net income +46.8% (to $1.8M), adjusted net income +29.2% (to $1.6M). IEEPA refund contributed $219K to net income.
Risk Factors
- Continued weakness in single-family housing starts and industry shipments (down 10.0%) could pressure Building Supply segment.
- IEEPA tariff refunds are uncertain; ultimate amount and timing depend on ongoing litigation/administrative processes.
- No guidance or forward-looking revenue/earnings range provided, limiting visibility.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3340342 |
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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