Exhibit 99.1

Alpha Pro Tech

L T D.                              

  

ALPHA PRO TECH, LTD. ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2017

 

Net Income Increased 8.5% as a Result of Continued Focus on Management of Product

 

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

         

 

Net income for the first quarter of 2017 increased 8.5% to $550,000, or $0.04 per diluted share, compared to $507,000, or $0.03 per diluted share, for the same period of 2016

 

Gross margin for the first quarter of 2017 increased to 39.9%, up from 35.8% in the first quarter of 2016

 

Company repurchased and retired 362,700 shares of common stock at a cost of $1.2 million

 

 

Nogales, Arizona – May 9, 2017 – 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 quarter ended March 31, 2017.

 

Lloyd Hoffman, CEO of Alpha Pro Tech, commented, “Our earnings increased year-over-year as a result of our continued efforts to reduce product costs while controlling operating expenses, despite a softness in Building Supply sales, particularly in our synthetic roof underlayment line of products. A corporate mandate from one of our large distributors to lower inventory levels was a significant driver of lower sales in the Building Supply segment for the quarter. We expect that Building Supply segment sales will accelerate in the latter half of 2017 and may reach record levels.”

 

“We further reduced inventory levels by another 3% compared to year-end 2016 in an effort to further improve efficiencies in our operations, optimize the use of capital and generate positive cash from operations to support our share repurchase program,” concluded Hoffman.

 

 
 

The following information was filed by Alpha Pro Tech Ltd (APT) on Tuesday, May 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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