Alpha Pro Tech, Ltd. Announces Preliminary Results for Fourth Quarter and Full Year 2006.* Company expects to report an increase in revenues of 50% and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of $0.04 vs. $0.01 compared to Q4 2005 * Full year revenues are anticipated to be up 20% and EPS of $0.15 vs. $0.10 compared to Fiscal 2005 NOGALES Nogales (nōgä`lās), city (1990 pop. 19,489), Santa Cruz co., S Ariz. on the Mexican border with its adjacent city, Nogales (1990 pop. 105,873), Sonora, NW Mexico. There are copper, silver, and lead mines. , Ariz. -- Alpha Pro Tech (AMEX AMEX See: American Stock Exchange :APT) a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced preliminary, unaudited results for the fourth quarter and full-year period. The Company expects to announce its audited results in March. For the fourth quarter, the Company expects to report an increase in revenue of approximately 50% to $10.5 million compared to the $7.0 million reported for the fourth quarter last year. Growth was driven by the Disposable Protective Apparel segment, Engineered Products segment and the Infection Control segment. The Company expects to report approximately $0.04 fully diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of compared to the $0.01 reported for the fourth quarter last year. For the full-year period, management expects to report an increase in revenue of approximately 20% to $37.3 million compared to the $31.1 million for 2005 and expects fully diluted earnings per share to increase to $0.15 compared to the $0.10 reported last year. Al Millar, President of Alpha Pro Tech, commented, "We had a strong year reporting growth in our Engineered products and infection control segments, while introducing two new lines of disposable protective apparel to set the stage for future expansion. In addition, last fall we renegotiated and extended our contract with our largest Apparel distributor without an exclusive agreement, allowing us to gain additional market share with other distributors which will help accelerate the apparel segment growth in future quarters. In our Engineered products segment we received in January 2007 the highly coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. International Code Council (ICC-ES) approval for our synthetic roof underlayment. This segment of our business, in just its second year, has emerged as the leading growth driver and we believe we are well-positioned to build on this positive trend in 2007." Mr. Millar continued, "We recently introduced at the International Builders show a new and enhanced version of our synthetic roof underlayment under the name of REX REX - The original name for Restructured EXtended eXecutor. SynFelt. We believe this branded product will be well received by the industry, and its success will enhance the reputation and market positioning of Alpha Pro Tech. In addition, we have mutually agreed with our building products distributor to move forward on a non-exclusive basis to broaden our market opportunities for our REX SynFelt roof underlayment and our house wrap products. We believe that this will allow us more opportunities to significantly increase our market share of building products." Management is disclosing this preliminary earnings outlook and 2007 corporate initiatives to provide the opportunity to discuss the Company's financial results and future plans at the upcoming Roth Capital conference and is not setting a precedent for preannouncements in future quarters. About Alpha Pro Tech, Ltd. Alpha Pro Tech, Ltd. is a leader in protecting environments. Alpha Pro Tech Inc. develops, manufactures and markets innovative disposable and limited-use protective apparel products for the industrial, clean room, medical and dental markets. In addition, Alpha ProTech Engineered Products, Inc. manufactures and markets a line of construction weatherization products, including building wrap, roof underlayment and mold resistant framing sealant Sealant A thin plastic substance that is painted over teeth as an anti-cavity measure to seal out food particles and acids produced by bacteria. Mentioned in: Tooth Decay sealant see bone sealant. . The Company has manufacturing facilities in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. ; Nogales, Arizona Nogales is a city in Santa Cruz County, Arizona, United States. The population was 20,878 at the 2000 census. According to 2005 Census Bureau estimates, the population of the city is 20,833.[1] The city is the county seat of Santa Cruz County. ; Janesville, Wisconsin Janesville is a city in southern Wisconsin. It is the county seat of Rock CountyGR6 and the principal municipality of the Janesville, Wisconsin Metropolitan Statistical Area. As of the 2000 census, the city had a population of 59,498. ; Valdosta, Georgia The city of Valdosta is the county seat of Lowndes County, Georgia, United States. It is the principal city of the Valdosta, Georgia Metropolitan Statistical Area. As of the 2000 census, the city had a total population of 43,724. ; and a joint venture in India. For more information and copies of all news releases and financials, visit Alpha Pro Tech's Website at http://www.alphaprotech.com. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 ("Act") provides a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking information made on behalf of the Company. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in registration statements, annual reports and other periodic reports and filings of the Company filed with the Securities and Exchange Commission. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectations for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. As a result, there can be no assurance that the Company's future results will not be materially different from those described herein as "believed," "anticipated," "estimated" or "expected," which reflect the current views of the Company with respect to future events. We caution readers that these forward-looking statements speak only as the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion