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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, 2015
Fourth Quarter Net Sales of $10.0 Million and 2015 Net Sales of $45.0 million
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 |
Nogales, Arizona – March 2, 2016 – 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, 2015.
Consolidated sales for the fourth quarter of 2015 decreased 18.0% to $10.0 million from $12.2 million for the comparable quarter of 2014. Building Supply segment sales for the fourth quarter of 2015 decreased by 9.7% to $5.5 million, compared to $6.1 million for the same period of 2014. The sales mix of the Building Supply segment for the fourth quarter of 2015 was 63% for synthetic roof underlayment, 35% for housewrap and 2% for other woven material. This compared to 61% for synthetic roof underlayment, 35% for housewrap and 4% for other woven material for the fourth quarter of 2014. Sales for the Disposable Protective Apparel segment for the fourth quarter of 2015 decreased 14.1% to $3.5 million, compared to $4.1 million for the same period of 2014. The decrease was primarily due to decreased sales to our major international supply chain partner, as well as sales in the fourth quarter of 2014 resulting from the Ebola outbreak, partially offset by increased sales to our regional and national distributors. Infection Control segment sales for the fourth quarter of 2015 decreased by 49.5%, or $1.0 million, to $1.1 million, compared to $2.1 million for the same period of 2014, also due to the increase in sales resulting from the Ebola outbreak in the fourth quarter of 2014.
Consolidated sales for the year ended December 31, 2015 decreased by 5.7%, or $2.6 million, to $45.0 million from $47.6 million for the year ended December 31, 2014. This decrease consisted of decreased sales in the Building Supply segment of $1.7 million, decreased sales of $9,000 in the Disposable Protective Apparel segment and decreased sales of $936,000 in the Infection Control segment.
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Alpha Pro Tech Ltd's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
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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: 0001437749-16-026648
Submitted to the SEC: Thu Mar 03 2016 12:09:28 PM EST
Accepted by the SEC: Thu Mar 03 2016
Period: Thursday, December 31, 2015
Industry: Orthopedic Prosthetic And Surgical Appliances And Supplies