Alpha Pro Tech reports $1.3M remaining in stock repurchase authorization
Company has repurchased 21.9M shares totaling ~$58.2M since 1999; ongoing program funded from operations
What the filing says
Alpha Pro Tech, Ltd. disclosed in its second quarter 2026 earnings release that it had $1.3 million available for additional stock purchases under its ongoing stock repurchase program as of June 30, 2026. The company has executed an extensive repurchase effort since the program commenced in 1999, retiring a total of 21.9 million shares at an aggregate cost of approximately $58.2 million.
Per CFO Colleen McDonald's statement, "We retire all stock upon repurchase and future repurchases are expected to be funded from cash on hand and cash flows from operating activities." The company maintains a strong balance sheet to support future buybacks, with cash of $18.9 million and working capital of $51.0 million as of June 30, 2026, and zero debt.
The filing does not disclose the specific execution mechanism (Rule 10b-18 open-market purchases, 10b5-1 plan, or other method) or the average price paid per share during the reporting period. Details regarding future repurchase authorization limits or timeframes are not provided in this earnings announcement.
As of June 30, 2026, we had $1.3 million available for additional stock purchases under our stock repurchase program. As of June 30, 2026, the Company had repurchased a total of 21.9 million shares of common stock at a cost of approximately $58.2 million through our repurchase program which commenced in 1999. — ALPHA PRO TECH LTD 8-K filing · View on SEC EDGAR →
What this means
Alpha Pro Tech's disclosure reflects the cumulative impact of a 27-year share-repurchase program that has substantially reduced the company's share count from authorized levels. With $1.3 million remaining under the current authorization and a $18.9 million cash balance alongside strong operating cash generation, the company has the financial capacity to continue repurchasing shares at a modest pace. The company's statement that future repurchases will be funded from operating cash flows indicates management confidence in continued profitability. The absence of a stated expiration date or renewal threshold for the authorization suggests the program operates as an ongoing discretionary effort rather than a time-bound or amount-limited initiative.
Frequently asked questions
- How much authorization does Alpha Pro Tech have remaining for buybacks?
- As of June 30, 2026, the company had $1.3 million available for additional stock purchases under its repurchase program. This represents the remaining balance of authorization that has not yet been deployed to repurchase shares.
- How many shares has the company repurchased since the program began?
- Since the repurchase program commenced in 1999, Alpha Pro Tech has repurchased a total of 21.9 million shares of common stock at an aggregate cost of approximately $58.2 million. All repurchased shares are retired and no longer outstanding.
- How will the company fund future repurchases?
- Management stated that future repurchases are expected to be funded from cash on hand and cash flows from operating activities. As of June 30, 2026, the company held $18.9 million in cash with zero debt and working capital of $51.0 million.
- What execution mechanism does Alpha Pro Tech use for repurchases?
- The filing does not specify whether the company uses Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism. Typically, smaller public companies employ Rule 10b-18 purchases, but this filing does not disclose the specific method.
- Is this a new repurchase program authorization?
- No. This filing announces only the remaining balance under an existing program that began in 1999. The company has not disclosed a new authorization amount or program expansion in this earnings release.