Alpha Pro Tech, Ltd.
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Report Link: Updated Research Report (Dated 03/16/2021)
Analyst: Howard Halpern
Taglich Rating: Buy
Price Target: $16.75
Time Horizon: 12 Months
Rating Established: August 12, 2020
Price When Established: $16.53
Most Recent Report: March 16, 2021
Price When Issued: $11.17
Alpha Pro Tech, Ltd. Reports 1Q21 Results
On May 6, 2021, Alpha Pro Tech, Ltd. reported 1Q21 results for the three-months ended March 31, 2021.
Alpha Pro Tech reported total revenues increased 27.6% to $23.2 million from $18.2 million in the year ago period. The company reported net income of $3.7 or $0.27 per share compared to a net income of $3.3 million or $0.24 per share. The year-ago period excluded a $2 million nonrecurring tax benefit due to the exercise of disqualified incentive stock options and non-qualified stock options
We forecasted 1Q21 revenue of $23 million and net income of $4.7 million or $0.33 per share.
Alpha Pro Tech, Ltd., owns and operates Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc. The company is a vertically integrated developer, manufacturer and marketer of disposable protective apparel for the industrial, clean room, medical, and dental markets. The products in this segment include shoe covers, bouffant caps, coveralls, gowns, frocks and lab coats, as well as masks (including N-95) and face shields. The building supply segment, which is also vertically integrated, manufactures and markets a line of construction weatherization products, including building wrap and roof underlayment, as well as other woven materials.
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