Alpha Pro Tech (APT) has reported 233.01 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $1.02 million, or $0.06 a share in the quarter, compared with $0.31 million, or $0.02 a share for the same period last year.     

Revenue during the quarter dropped 3.26 percent to $11.78 million from $12.18 million in the previous year period. Gross margin for the quarter contracted 113 basis points over the previous year period to 38.34 percent. Total expenses were 89.77 percent of quarterly revenues, down from 94.10 percent for the same period last year. This has led to an improvement of 433 basis points in operating margin to 10.23 percent.

Operating income for the quarter was $1.20 million, compared with $0.72 million in the previous year period.

Lloyd Hoffman, chief executive officer of Alpha Pro Tech, commented, "Macro demand in the roofing market slowed during the third quarter, driving lower than anticipated sales of our synthetic roof underlayment. We are encouraged by sales of our housewrap products, as we maintain healthy sales increases over last year. We expect sales growth in our Building Supply segment to be similar to the current year to date figure for the remainder of 2016."

Cash conversion cycle (CCC) has decreased to 101 days for the quarter from 261 days for the last year period. Days sales outstanding were almost stable at 41 days for the quarter, when compared with the last year period.

Days inventory outstanding has decreased to 75 days for the quarter compared with 231 days for the previous year period. At the same time, days payable outstanding went up to 16 days for the quarter from 12 for the same period last year.