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Exhibit 99.1
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Alpha Pro Tech |
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L T D. |
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ALPHA PRO TECH, LTD. ANNOUNCES FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2013
Fourth Quarter and 2013 Net Sales Increased by 6.7%
Income from operations increased by 540% for the Fourth Quarter from the comparable prior year period and increased by 193% for 2013
FOR IMMEDIATE RELEASE
Company Contact: Alpha Pro Tech, Ltd. Al Millar/Donna Millar 905-479-0654 e-mail: ir@alphaprotech.com |
Investor Relations Contact: Hayden IR Cameron Donahue 651-653-1854 e-mail: cameron@haydenir.com |
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For the quarter ended December 31, 2013, Disposable Protective Apparel segment sales increased by 19.3% to $3.6 million, compared to $3.0 million for the quarter ended December 31, 2012. |
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Net income increased by 480% for the fourth quarter from the comparable prior year period and increased by 113% for 2013. |
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Cash increased to $8.2 million as of December 31, 2013, from $4.6 million as of December 31, 2012. |
Nogales, Arizona – March 5, 2014 – Alpha Pro Tech, Ltd. (NYSE MKT: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced financial results for the fourth quarter and year ended December 31, 2013.
Consolidated sales for the fourth quarter of 2013 increased 6.7% to $10.5 million from $9.8 million for the comparable quarter of 2012. Sales for the Disposable Protective Apparel segment for the fourth quarter ended December 31, 2013 increased by 19.3% to $3.6 million compared to $3.0 million for the same period of 2012. Building Supply segment sales for the fourth quarter ended December 31, 2013 increased by 0.7% to $5.9 million compared to the same period of 2012. The sales mix of the Building Supply segment for the fourth quarter ended December 31, 2013 was 57% for synthetic roof underlayment, 40% for housewrap and 3% for other woven material. This compared to 66% for synthetic roof underlayment and 34% for housewrap for the fourth quarter of 2012. Infection Control segment sales for the fourth quarter ended December 31, 2013 increased by 4.3% to $1.1 million compared the same period of 2012. Mask sales were up by 8.5% to $719,000, and shield sales were down by 5.2% to $294,000.
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Alpha Pro Tech Ltd's Definitive Proxy Statement (Form DEF 14A) filed after their 2014 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: 0001437749-14-003563
Submitted to the SEC: Thu Mar 06 2014 2:10:38 PM EST
Accepted by the SEC: Thu Mar 06 2014
Period: Tuesday, December 31, 2013
Industry: Orthopedic Prosthetic And Surgical Appliances And Supplies