Interviews
Mask sales down by 69.5%, Alpha Pro Tech
11 Aug '10
4 min read
Lloyd Hoffman, Chief Financial Officer, commented, “Inventory increased for the Disposable Protective Apparel segment due to our strategy of having a strong inventory position to strengthen our position in the marketplace. Inventory for the Infection Control segment increased due to a stockpiling of N-95 particulate respirator masks but is down from the first quarter of 2010. In addition, inventory for the Building Supply segment increased as a result of our increased sales.”
Mr. Hoffman concluded, “The decrease in cash for the six months ended June 30, 2010 was primarily due to an increase in our inventory levels by $4.8 million and our pay down of accrued liabilities of approximately $2.2 million in the first quarter of 2010. Management expects the cash position to improve over the coming periods, as we anticipate a decrease in our overall inventory levels, and the impact on cash in the first quarter of 2010 resulting from the annual payment of 2009 accrued liabilities will not occur in the latter half of 2010.”
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Mr. Hoffman concluded, “The decrease in cash for the six months ended June 30, 2010 was primarily due to an increase in our inventory levels by $4.8 million and our pay down of accrued liabilities of approximately $2.2 million in the first quarter of 2010. Management expects the cash position to improve over the coming periods, as we anticipate a decrease in our overall inventory levels, and the impact on cash in the first quarter of 2010 resulting from the annual payment of 2009 accrued liabilities will not occur in the latter half of 2010.”
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