Filing Flows › Alpha Pro Tech (APT) › Q4 2024
Alpha Pro Tech (APT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 12, 2025
Alpha Pro Tech (APT) reported revenue of $13.8M for the fourth quarter 2024 (Q4 2024), -9% from a year earlier and -3% from the quarter before. Operating margin was 4.9%, net earnings $847K (6.1% of revenue).
Alpha Pro Tech, Q4 2024: revenue $13.8M (-10% year over year), operating margin 4.9%, net earnings $847K, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.8M | -3% | -9% |
| Gross profit | $5.2M | -5% | -9% |
| Operating profit | $674K | -9% | -31% |
| Net earnings | $847K | -2% | -20% |
| Operating cash flow | $2.4M | -55% | -32% |
| Free cash flow | $970K | -69% | -70% |
What changed
Revenue was $13.8M in Q4 2024, down 9% year over year and down 3% from the previous quarter.
Gross margin was 37.6%, up 0.2 points from a year earlier. Operating profit was $674K, a 4.9% margin (down 1.5 points year over year). Operating expenses fell 5% while revenue fell 9%. Net earnings were $847K, down 20% year over year. The effective tax rate was 21.6%. Non-operating items added $406K, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.4M (down 32% year over year), 285% of net earnings. Non-cash charges added back $139K of depreciation and amortization and $136K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $1.4M left free cash flow of $1.0M.
Questions
What was Alpha Pro Tech's revenue in the fourth quarter 2024?
Alpha Pro Tech (APT) reported revenue of $13.8M for the fourth quarter 2024 (Q4 2024), -9% from a year earlier and -3% from the quarter before.
Was Alpha Pro Tech profitable in the fourth quarter 2024?
Operating profit was $674K (4.9% of revenue) and net earnings $847K.
Source: Alpha Pro Tech 10-K on SEC EDGAR.