Last $1.25 USD
Change Today +0.25 / 25.00%
Volume 700.0
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

alpine group inc (APNI) Key Developments

The Alpine Group, Inc. Announces Initial Liquidation Distribution, Payable on or About April 30, 2014

The Alpine Group, Inc. announced that its Board of Directors had approved an initial distribution to shareholders of $0.25 per share pursuant to the company's plan of liquidation adopted last year. The distribution is anticipated to be made on or about April 30, 2014 to shareholders of record on April 25, 2014. Based on current information the company expects to make additional distributions during the year as it progresses its plan of liquidation. Shareholders should consult their professional tax advisors as to the appropriate income tax treatment of their distributions.

The Alpine Group, Inc. Reports Unaudited Financial Results for the First Quarter Ended March 31, 2013

The Alpine Group, Inc. reported unaudited financial results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $40.4 million against $41.1 million a year ago. Operating income was $0.8 million against operating loss of $0.6 million a year ago. Net income was $0.6 million against net loss of $0.4 million a year ago. The change in revenue is due primarily to a comparative decrease in its Posterloid subsidiary's revenue.

The Alpine Group, Inc. Reports Audited Financial Results for the Fourth Quarter and Year Ended December 31, 2012

The Alpine Group, Inc. reported audited financial results for the fourth quarter and year ended December 31, 2012. For the quarter, GAAP and Non GAAP net sales were $18.4 million against $18.0 million for the same period in the last year. GAAP Operating loss was $0.4 million against GAAP operating profit of $4.2 million for the same period in the last year. Non GAAP Operating loss was $0.3 million against Non GAAP operating profit of $0.2 million for the same period in the last year. GAAP net loss was $0.8 million against GAAP net income of $2.5 million for the same period in the last year. Non GAAP net loss was $0.2 million compared with $0.2 million for the same period in the last year. For the full year, GAAP and Non GAAP net sales were $96.9 million against $167.4 million for the same period in the last year decrease was primarily due to the termination effective November 1, 2011 of the tolling agreement between Exeon Inc. and Wolverine Tube, Inc. GAAP Operating loss was $1.6 million against GAAP operating profit of $10.2 million for the same period in the last year. Non GAAP Operating loss was $0.6 million against Non GAAP operating profit of $2.7 million for the same period in the last year. GAAP net loss was $1.3 million against GAAP net profit of $5.7 million for the same period in the last year. Non GAAP net loss was $0.3 million against Non GAAP net income of $0.9 million for the same period in the last year.

The Alpine Group, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

The Alpine Group, Inc. announced earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net sales of $19.7 million against $47.8 million for the same period a year ago. Operating loss was $0.9 million against operating income of $5.9 million for the same period a year ago. Net loss was $0.5 million against net income of $3.4 million for the same period a year ago. On non-GAAP basis, operating loss was $0.3 million against operating income of $0.9 million for the same period a year ago. Net loss was $0.1 million against net income of $0.4 million for the same period a year ago. For the nine months, the company reported net sales of $78.5 million against $149.4 million for the same period a year ago. The decreases were due primarily to the termination of the tolling agreement between Exeon Inc. and Wolverine Tube, Inc. effective November 1, 2011. Operating loss was $1.2 million against operating income of $6.1 million for the same period a year ago. Net loss was $0.5 million against net income of $3.2 million for the same period a year ago. On non-GAAP basis, operating loss was $0.6 million against operating income of $2.7 million for the same period a year ago. Net loss was $0.1 million against net income of $1.1 million for the same period a year ago.

The Alpine Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012

The Alpine Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net sales of $17.7 million compared to $51.4 million a year ago. Operating income was $0.4 million compared to $2.8 million a year ago. Net income was $0.3 million compared to $1.5 million a year ago. On non-GAAP basis, the company reported operating loss of $0.1 million compared to operating income of $0.7 million a year ago. For six months, the company reported net sales of $58.8 million compared to $101.5 million a year ago. Operating loss was $0.3 million compared to operating income of $0.1 million a year ago. Net loss was $0.1 million compared to $0.2 million a year ago. On non-GAAP basis, the company reported operating loss of $0.3 million compared to operating income of $1.7 million a year ago. Non-GAAP net loss was $0.1 million compared to net income of $0.8 million a year ago.

 

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