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Alpine Group Inc. (fka APNI)

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The Alpine Group, Inc.
 




 

The Alpine Group, Inc. (Alpine), incorporated in 1957, is a holding company, which has owned and operated industrial and other manufacturing companies. Alpine has invested in and operated domestic and global manufacturers of specialty materials, coatings, wire and cable products and electronic components. At December 31, 2009, Alpine's operations consisted of its 52% ownership in SCL; Exeon Inc. (Exeon), a wholly owned subsidiary; Posterloid Corporation a wholly owned subsidiary, and Wolverine Tube, Inc. (Wolverine). On February 17, 2010, Alpine and another unrelated investor organized ZephRa Energy LLC (ZephRa). ZephRa is a start-up venture focused initially upon the North American renewable energy services market, including engineering, procurement and construction services for wind farm and solar energy projects. Alpine and its co-investor own ZephRa on a 50% / 50% basis

  Board of Directors

Steven S. Elbaum, Chairman
Randolph Harrison
Kenneth G. Byers, Jr.
James R. Kanely
Bragi F. Schut 

Management

Steven S. Elbaum - Chairman and Chief Executive Officer of Alpine since 1984. Steve serves as Chairman of Synergy Cables LTD., an Israel-based, publicly traded (TASE: SNCB) wire and cable manufacturer (52% owned by Alpine) and became Chairman of Wolverine Tube, Inc., in February 2007 concurrently with Alpine's investment in Wolverine. He is also Chairman of Spherion Corp. (NYSE: SFN), a leading provider of staffing, recruiting and workforce solutions. Steve is a graduate of The City College of New York (B.A. 1970) and Brooklyn Law School (J.D. 1974) and practiced law in New York City at Gifford, Woody, Palmer & Serles from 1974-1984.

K. Mitchell Posner-Executive Vice President since 2003. Prior to joining Alpine, Mitch was a Managing Director at UBS Global Asset Management and an investment banker at Lehman Brothers & Legg Mason. Mitch is a Director of Wolverine Tube, Inc., Standard Credit Holdings, PLC, and United Automobile Insurance Group. He is a graduate of Temple University (BA 1976) and Rutgers University School of Law (J.D. 1982).

Stewart H. Wahrsager-Senior Vice President and General Counsel of Alpine since 1996. Stewart is a director of Synergy Cables Ltd. Stewart practiced law in New York City from 1974-1996, most recently as a Partner at Rubin Baum Levin LLP. He is a graduate of Brooklyn College (B.A. 1971) and Brooklyn Law School (J.D. 1974).

Dana P. Sidur-Vice President of Alpine since 1997. Dana is responsible for treasury, financial analysis and corporate administration. Dana is a Director of Synergy Cables LTD since 1998. Prior to joining Alpine, Dana was a Vice President at Lucent and AT&T. She is a graduate of New York University (B.S. 1973) and University of California (M. Eng. 1975).     






 First Quarter 2011

The Alpine Group, Inc. ("Alpine") (PINKSHEETS: APNI) today posted its quarterly financial statements for the three months ended March 31, 2011 to its Website (www.alpine-group.net).

For the three months ended March 31, 2011 revenues increased $27.0 million from $23.1 million in 2010 to $50.1 million in 2011, due primarily to higher copper and silver prices and increased volumes in the manufacture and sale of copper/silver alloys and joining materials under a toll agreement with a subsidiary of Wolverine Tube, Inc. Average silver and copper prices were 87% and 34% higher in the first quarter of 2011, respectively, compared to the first quarter of 2010. In addition, Posterloid's revenues tripled in the first quarter of 2011 compared to the same period in 2010.

For the three month period ended March 31, 2011 Alpine had net income of $0.5 million compared to a net loss of $0.2 million for the same period in 2010 (after excluding certain non-cash charges for both periods). The first quarter 2011 loss of $1.8 million on a GAAP basis was due primarily to a net of $2.2 million of after-tax non-cash LIFO and hedge mark-to-market charges. The first quarter 2011 earnings before interest, taxes and depreciation (EBITDA) was $1.0 million, an improvement of $1.2 million from an EBITDA loss of ($0.2 million) for the first quarter of 2010. The comparative quarterly improvement in the 2011 results reflects increased profitability in Exeon's scrap reclamation and metals' operations and improved earnings in Posterloid's signage business.

Steven S. Elbaum, Alpine's Chairman and Chief Executive Officer, stated that "positive first quarter operating results, before non-cash LIFO inventory and related adjustments, reflect continuing improvements at Exeon and Posterloid and extend EBITDA improvements posted in the second half of 2010. Additionally, Alpine's majority owned Synergy Cables' revenue, volumes and EBITDA all improved markedly in the first quarter. The completion of the sale of non-core assets by Synergy in the first quarter has reduced Synergy's debt and increased stockholders equity at March 31, 2011. Alpine carries its equity investment in and subordinated loan to Synergy on our balance sheet at zero. Wolverine Tube is expected to emerge from bankruptcy in June as a strengthened and recapitalized company. Alpine will have financial incentives linked to Wolverine's future performance and I will continue to be Chairman of the Board of the reorganized Wolverine."

All statements in this press release other than statements of historical fact are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in this press release. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligations to release publicly any update or revision to any forward-looking statement contained herein if there are any changes in conditions or circumstances on which any such forward-looking statement is based.

The Alpine Group, Inc. (APNI.PK) has substantial experience in operating and actively managing companies in which it invests capital. Alpine has focused on industrial and other businesses that are underperforming, experiencing financial constraints and will benefit from operational improvements consolidation and an improved capital structure. Alpine has actively invested in and operated leading domestic and global manufacturers of specialty materials, coatings, wire and cable products and electronic components.

SOURCE: The Alpine Group, Inc.





 2010 Annual Statment

The Alpine Group, Inc. ("Alpine") (PINKSHEETS: APNI) today posted its annual financial statements for the year-ended December 31, 2010 to its Website (www.alpine-group.net).

For the year ended December 31, 2010 revenues increased $87.1 million from $36.7 million in 2009 to $123.8 million in 2010, due primarily to higher copper and silver prices, increased volumes in its scrap reclamation business and the manufacture and sale of copper/silver alloys and joining materials under a toll agreement with a subsidiary of Wolverine Tube, Inc. Average copper prices were 46% higher in 2010 compared to 2009. Scrap pounds sold by Exeon increased by approximately 27% in 2010 compared to 2009. Posterloid's revenues increased 7% for 2010 compared to 2009.

For 2010 Alpine had a net loss of $0.2 million compared to a net loss of $0.4 million for 2009 (after excluding a $6.9 million tax refund recorded for 2009). On a GAAP basis the 2010 loss of $8.5 million was due primarily to a $3.6 million after-tax non-cash LIFO charge, Alpine's share ($1.5 million) of Synergy Cables Ltd.'s losses for 2010 and Alpine's share ($2.4 million) of Wolverine Tube Inc.'s "Other Comprehensive Losses." 2010 earnings before interest, taxes and depreciation (EBITDA) was $727,000, an improvement of $1.9 million from an EBITDA loss of ($1,167,000) for 2009.

For the quarter ended December 31, 2010 Alpine's revenues increased 209% to $37.4 million from $12.1 million in the comparative 2009 quarter. Alpine had net income of $200,000 for the 2010 fourth quarter compared to 2009 fourth quarter breakeven income (after excluding a $6.9 million tax refund recorded in the 2009 quarter). The comparative quarterly improvement in the 2010 results reflects increased profitability in Exeon's scrap reclamation and metals' operations offset by decreased earnings in Posterloid's signage business.

Steven S. Elbaum, Alpine's Chairman and Chief Executive Officer, stated that "the fourth quarter and full year 2010 reflect the achievement of near cash breakeven results at Alpine, significant EBITDA improvements in the second half of 2010 and improved market conditions and performance for both Exeon and Posterloid. Additionally, Synergy Cables' revenue, volumes and earnings, before interest, taxes and non-recurring charges improved markedly in 2010 over 2009 and the outlook for 2011 is encouraging as well. At Wolverine Tube we succeeded in completing agreements that were the basis for a prearranged bankruptcy filing by Wolverine in early November that is intended to strengthen that company's balance sheet, improve its competitiveness and provide Alpine with financial incentives linked to Wolverine's future performance."

All statements in this press release other than statements of historical fact are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in this press release. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligations to release publicly any update or revision to any forward-looking statement contained herein if there are any changes in conditions or circumstances on which any such forward-looking statement is based.

The Alpine Group, Inc. (PINKSHEETS: APNI) has substantial experience in operating and actively managing companies in which it invests capital. Alpine has focused on industrial and other businesses that are underperforming, experiencing financial constraints and will benefit from operational improvements consolidation and an improved capital structure. Alpine has actively invested in and operated leading domestic and global manufacturers of specialty materials, coatings, wire and cable products and electronic components.

SOURCE: The Alpine Group, Inc. 


latest report

 

Company Contact:
Steven S. Elbaum
Chairman and Chief Executive Officer
(201) 549-4400

- THE ALPINE GROUP, INC. POSTS THIRD QUARTER 2011 RESULTS -

EAST RUTHERFORD, N.J., November 15, 2011, Market Wire/ -- The Alpine Group, Inc. ("Alpine") (APNI.PK) today posted its quarterly financial statements for the three months ended September 30, 2011 to its Website (www.alpine-group.net).

For the three months ended September 30, 2011 revenues increased $15.0 million from $32.8 million in 2010 to $47.8 million in 2011, due primarily to higher copper and silver prices and increased volumes in the manufacture and sale of copper/silver alloys and joining materials under a toll agreement with a subsidiary of Wolverine Tube, Inc. Average silver and copper prices were 105% and 23% higher in the third quarter of 2011, respectively, compared to the third quarter of 2010. Posterloid's revenues were down 30% in the third quarter of 2011 compared to the same period in 2010, due to lower demand in the signage business. For the nine months ended September 30, 2011 Alpine's revenues increased $62.9 million from $86.5 million to $149.4 million, due to increased volumes related to the Wolverine Tube toll agreements and higher copper and silver prices for the first nine months of 2011 compared to the same period in 2010. Average silver and copper prices were 100% and 29% higher in the nine months ended September 30, of 2011, respectively, compared to the same period in 2010.

For the three month period ended September 30, 2011 Alpine had net income of $3.4 million on a GAAP basis (including a $3.0 million after tax non-cash LIFO and mark-to-market hedge inventory gains) compared to a net loss of $1.1 million for the comparable 2010 period (including a $1.5 million after tax non-cash LIFO inventory charge). Third quarter 2011 earnings before interest, taxes and depreciation (EBITDA) were $0.9 million, an improvement of $0.1 million from an EBITDA of $0.8 million for the third quarter of 2010. The comparative quarterly improvement in the 2011 results reflects increased profitability in Exeon's scrap reclamation and metals' operations offset by lower earnings in Posterloid's signage business. For the nine month period ended September 30, 2011 Alpine had net income of $1.2 million compared to a net loss of $0.2 million for the same period in 2010 (after excluding certain non-cash charges and gains for both periods). The net income for the nine months ended September 30, 2011 of $3.2 million on a GAAP basis was due primarily to $2.1 million of after tax non-cash mark-to-market inventory hedge gain. For the nine months ended September 30, 2011, earnings before interest, taxes and depreciation (EBITDA) were $2.7 million, an improvement of $2.2 million from an EBITDA of $0.5 million for the same period in 2010.

Steven S. Elbaum, Alpine's Chairman and Chief Executive Officer, stated, "positive third quarter and year to date operating results, before non cash LIFO inventory and related adjustments, reflect improvements at Exeon and Posterloid and extend EBITDA improvements posted in the second half of 2010. Additionally, Alpine's majority-owned Synergy Cables' revenue, volumes and EBITDA all continued to improve comparatively in the third quarter. The completion of the sale of non-core assets by Synergy has reduced Synergy's debt and increased stockholders equity to $15 million at June 30, 2011. Alpine carries its $14 million equity investment in and $1.5 subordinated loan to Synergy on its balance sheet at zero. Wolverine Tube emerged from bankruptcy in June as a strengthened and recapitalized company. Thereafter, Alpine was granted 3.2% of the outstanding stock of Wolverine, an option to purchase an additional 3.2% of Wolverine's outstanding stock at a $70 million equity value and other financial incentives linked to Wolverine's future performance. It is anticipated that Wolverine's shareholders' equity at June 30, 2011 under 'fresh start' accounting will be approximately $70 million. I am Chairman of the Board of the reorganized Wolverine and Alpine continues to perform services under a Management Agreement."

All statements in this press release other than statements of historical fact are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in this press release. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligations to release publicly any update or revision to any forward-looking statement contained herein if there are any changes in conditions or circumstances on which any such forward-looking statement is based.

The Alpine Group, Inc. (APNI.PK) has substantial experience in operating and actively managing companies in which it invests capital. Alpine has focused on industrial and other businesses that are underperforming, experiencing financial constraints and will benefit from operational improvements, consolidation and an improved capital structure. Alpine has actively invested in and operated leading domestic and global manufacturers of specialty materials, coatings, wire and cable products and electronic components.




  

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#42   APNI: Final Liquidation ($0.025/shr). Shares Cancelled. Renee 10/23/18 06:49:19 PM
#41   APNI - might wanna dump those shares, website cotf 09/14/18 12:00:11 PM
#40   $APNI took a few down here MONSTAMONEYMOVA 08/24/18 12:49:48 PM
#39   EAST RUTHERFORD, NJ, Apr 09, 2013 (Marketwired via bobkubecka 04/09/13 02:48:07 PM
#38   CAUTION !!! I do believe this is a good Unflushable 12/04/11 11:55:38 PM
#37   Info on APNI which has has green "STRONG bhinde99 12/01/11 08:06:38 PM
#36   Nope , it was earnings per share on Unflushable 11/24/11 02:36:08 PM
#35   It was how they figured market cap . Unflushable 11/24/11 01:32:47 PM
#34   When I first bought this I found something otcbargains 11/21/11 12:06:53 PM
#33   I knew for 3 months now another improvement Unflushable 11/16/11 02:05:38 PM
#32   On tdameritrade its a BB . I will Unflushable 11/15/11 02:50:24 PM
#31   according to yahoo this stock is a pink inspro 11/15/11 02:49:10 PM
#30   Bought some APNI @$.33; Q3 EPS $.19; book Knowledge is King 11/15/11 02:33:30 PM
#29   Great point bro! Nothing worse than dilution neophyte184 09/17/11 04:41:48 PM
#28   I also like the ZephRe venture and point Unflushable 09/17/11 02:37:17 PM
#27   Hey Unflushable, neophyte184 09/17/11 08:43:55 AM
#26   I also looked and APNI is not on Unflushable 09/01/11 04:22:58 PM
#25   Agreed and if the next q shows an Unflushable 08/25/11 12:37:51 PM
#24   Thanks. I only have a small position otcbargains 08/25/11 12:18:00 PM
#23   Not yet , called the company and waiting Unflushable 08/25/11 12:16:13 PM
#22   When i went to their website and looked otcbargains 08/25/11 12:03:07 PM
#21   Trying to figure that out my self . Unflushable 08/25/11 12:00:52 PM
#20   No wonder my recent purchase gets such little otcbargains 08/24/11 05:12:00 PM
#19   So we have a idea on the share bhinde99 08/17/11 09:31:40 AM
#18   I don't know about trade-in or flipping this Unflushable 08/17/11 08:05:48 AM
#17   hi flush, daytona45 08/17/11 04:57:42 AM
#16   Hey man , check out the Q , Unflushable 08/16/11 09:17:16 PM
#15   Could be good !!! I was trying to Unflushable 06/13/11 02:19:56 PM
#14   whats this..... volume ? bhinde99 06/13/11 01:45:46 PM
#13   I have gotten through to the company and Unflushable 06/07/11 11:25:38 AM
#12   I agree bhinde99 06/06/11 09:03:00 PM
#11   All I know so far is shares out Unflushable 06/06/11 08:40:06 PM
#10   Well like im tellin ya , This is Unflushable 06/06/11 08:31:59 PM
#9   I like cash too!!!! bhinde99 06/06/11 08:18:48 PM
#8   Im spending the rest of the week calling Unflushable 06/06/11 08:12:08 PM
#7   IF and when this does get some volume, bhinde99 06/06/11 04:08:26 PM
#6   Called company # . No answer Unflushable 06/02/11 09:25:19 PM
#5   First thing I will do is update Ibox . Unflushable 06/01/11 09:40:00 PM
#4   This will be a learning curve for me Unflushable 06/01/11 09:38:48 PM
#3   Traders , flippers , and longs are all Unflushable 06/01/11 09:37:10 PM
#2   I would like to welcom all to this Unflushable 06/01/11 09:36:23 PM
#1   I am digging for new long investments and Unflushable 06/01/11 09:32:52 PM
PostSubject