Alpha Pro Tech, Ltd. Announces Financial Results
for the Second Quarter and Six Months Ended
June 30, 2010
Second Quarter 2010 Building Supply Segment Sales Increased 29.4% from the same period of 2009
l Second quarter 2010 consolidated revenue decreased 22.9%, to $11.2 million, from $14.5 million in
the second quarter of 2009, primarily due to a decrease in demand for N-95 respirator masks
relating to the H1N1 Influenza A pandemic in 2009.
l Building Supply segment sales for the second quarter of 2010 increased 29.4%, to $4.9 million,
from $3.8 million in the same quarter of 2009. The Company added to Building Supply segment
sales staff in anticipation of significant growth opportunities.
l Inventory increased by $4.8 million, or 36.4%, to $17.9 million as of June 30, 2010, from $13.1
million as of December 31, 2009. The increase was primarily due to an increase in inventory for the
Disposable Protective Apparel segment to strengthen our position in the marketplace, an increase
in inventory in the Infection Control segment due to a stockpiling of N-95 particulate respirator
masks and an increase in inventory in the Building Supply segment due to increased sales.
l The Company continues to broaden and diversify the distribution network for its Disposable
Protective Apparel segment as it shifts its Critical Cover® product line from its previous exclusive
l The Company currently plans to launch a new breathable housewrap in the third quarter of 2010.
August 10, 2010 04:03 PM Eastern Daylight Time
NOGALES, Ariz.--(EON: Enhanced Online News)--Alpha Pro Tech, Ltd. (NYSE Amex: APT), a leading
manufacturer of products designed to protect people, products and environments, including disposable protective
apparel, infection control and building supply products, today announced financial resultsfor the three and six months
ended June 30, 2010.
Consolidated sales for the second quarter of 2010 decreased by $3.3 million, or 22.9%, to $11.2 million, from