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Telecommunications industry

Alpine Group, Inc. Reports Financial Results for Q4 1995 and Fiscal Year 1995

Strategic Insights

— 1 min read

The Alpine Group, Inc., a holding company with operating subsidiaries in telecommunications, wire and cable, refractories and defense electronics and datacommunications businesses, reported significant financial growth in the fourth quarter and fiscal year 1995. The company's revenues for the quarter ended April 30, 1995 increased by 112.9% to $72.4 million, driven by strong revenue growth in its wire and cable operations and the inclusion of Adience's heat technology and refractories operations. The company's net loss from continuing operations for the quarter was $309,000, compared to a loss of $193,000 for the same period in 1994.

Key Takeaways:

  • The Alpine Group, Inc. reported revenues of $72.4 million for the quarter ended April 30, 1995, a 112.9% increase over the same period in 1994.
  • The company's net loss from continuing operations for the quarter was $309,000, a decrease of $116,000 compared to the same period in 1994.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter ended April 30, 1995 were $5.3 million, a 140.9% increase over the same period in 1994.
  • The company attributed the revenue growth and improvement in operating performance to the inclusion of Adience's heat technology and refractories operations, which were acquired in December 1994.
  • Revenues for the fiscal year ended April 30, 1995 were $198.1 million, a 189.2% increase over the same period in 1994.
  • The company's net loss from continuing operations for fiscal 1995 was $1.2 million, compared to a loss of $4.9 million for the same period in 1994.
  • Steve Elbaum, Chairman and Chief Executive Officer of Alpine, stated that the company's financial results will enhance long-term shareholder value and define the company's future business plan.

Statistics:

  • $72.4 million: revenues for the quarter ended April 30, 1995
  • 112.9%: increase in revenues compared to the same period in 1994
  • $309,000: net loss from continuing operations for the quarter ended April 30, 1995
  • $5.3 million: EBITDA for the quarter ended April 30, 1995
  • $198.1 million: revenues for fiscal 1995
  • 189.2%: increase in revenues compared to the same period in 1994
  • $1.2 million: net loss from continuing operations for fiscal 1995

Sources:

  • PRNewswire, June 23, 1995
  • Alpine Group, Inc. press release, April 30, 1995

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