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Exhibit 99.1
Alpha Pro Tech
L T D.
ALPHA PRO TECH, LTD. ANNOUNCES FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2011
Fourth Quarter Net Income Increases to $355,000 from $49,000 in Year-Ago Period
Disposable Protective Apparel Segment Sales Increased 22.7% in the Fourth Quarter from the Year-Ago Period, Second Consecutive Quarterly Increase
FOR IMMEDIATE RELEASE
Company Contact: |
Investor Relations Contact: |
Alpha Pro Tech, Ltd. |
Hayden IR |
Al Millar/Donna Millar |
Cameron Donahue |
905-479-0654 |
651-653-1854 |
e-mail: ir@alphaprotech.com |
e-mail: cameron@haydenir.com |
● |
For the quarter ended December 31, 2011, Building Supply segment sales increased by 7.4% to $4.8 million, compared to $4.5 million for the quarter ended December 31, 2010; the Building Supply segment now comprises 56.1% of total revenues. |
● |
For the quarter ended December 31, 2011, Disposable Protective Apparel segment sales increased 22.7% to $3.5 million from $2.8 million for the quarter ended December 31, 2010 due to strong sales to a major international supply chain partner. |
● |
For the quarter ended December 31, 2011, net income increased 624% to $355,000 from $49,000 for the fourth quarter of 2010. Net income as a percentage of sales increased to 3.9% from 0.6% for the 2010 fourth quarter. |
● |
Cash increased to $7.5 million as of December 31, 2011, up from $5.3 million as of December 31, 2010. |
Nogales, Arizona March 14, 2012 Alpha Pro Tech, Ltd. (NYSE Amex: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building supply products, today announced financial results for the three months and year ended December 31, 2011.
Consolidated sales for the three months ended December 31, 2011 increased 5.1% to $9.2 million from $8.7 million in the comparable quarter of 2010. Building Supply segment sales for the three months ended December 31, 2011 increased by 7.4% to $4.8 million, compared to $4.5 million for the same period of 2010. The sales mix of the Building Supply segment for each of the three months ended December 31, 2011 and 2010 was 69% for synthetic roof underlayment and 31% for housewrap. Sales for the Disposable Protective Apparel segment for the three months ended December 31, 2011 increased by 22.7% to $3.5 million, compared to $2.8 million for the same period of 2010. Infection Control segment sales for the three months ended December 31, 2011 decreased by 37.9% to $877,000, compared to $1.4 million for the same period of 2010. Mask sales were down by 26.3% to $599,000, shield sales were down by 20.2% to $278,000 and medical bed pad and pet bed sales were down $250,000 to $0, as this product line was sold in the first quarter of 2011.
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Alpha Pro Tech Ltd's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:
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Alpha Pro Tech Ltd provided additional information to their SEC Filing as exhibits
Ticker: APT
CIK: 884269
Form Type: 10-K Annual Report
Accession Number: 0001437749-12-002336
Submitted to the SEC: Thu Mar 15 2012 11:59:46 AM EST
Accepted by the SEC: Thu Mar 15 2012
Period: Saturday, December 31, 2011
Industry: Orthopedic Prosthetic And Surgical Appliances And Supplies