Alpine Lace Brands, Inc. reports significantly improved third quarter, nine month results.Brands, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :LACE lace, patterned openwork fabric made by plaiting, knotting, looping, or twisting. The finest lace is made from linen thread. Handmade laces include needlepoint and bobbin lace, tatting, crochet work, and some fabrics made by netting and darning. ) today reported a significant increase in its earnings per share to 18 cents for the third quarter ended Sept. 30, 1995, compared with 7 cents in the 1994 third quarter. Net income for the quarter totaled $1,001,977 or 18 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared with income in the third quarter of 1994 of $356,945, or 7 cents per share. Sales for the quarter totaled $37,240,549 compared with sales of $32,202,223 in the 1994 third quarter. The sales include an increase of 7.3% to $28,236,372, in branded product sales. Net income for the nine months totaled $3,233,376, or 60 cents per share, compared with income of $579,068, or 11 cents per share for the 1994 nine months period. Sales for the nine month period were $103,685,546, compared with $94,347,851, in 1994. Branded product sales for the nine months were up 8.1% to $81,392,917. In announcing the results Carl T. Wolf, chairman and chief executive officer of Alpine ALPINE Antihypertensive Treatment and Lipid Profile in a North of Sweden Efficacy Evaluation (drug trial) ALPINE Advanced Logistics Program Integration and Engineering Lace said, "We are particularly pleased with results through the nine month period which have already reached analysts March 1995 estimates for the full 1995 year." The company announced an agreement on Oct. 24, 1995 with SIM-GT Licensing Corp. to market a line of Richard Simmons For other persons named Richard Simmons, see Richard Simmons (disambiguation). Richard Simmons (born Milton Teagle Richard Simmons July 12, 1948) is a fitness expert who promotes weight-loss programs, most famously through a line of aerobics videos and reduced fat and fat-free products. -0-
Alpine Lace Brands Inc.
Financial Highlights
Three Months Ended Sept. 30
1995 1994
Net sales $37,240,549 $32,202,223 Net earnings $ 1,001,977 $356,945 Earnings per share $0.18 $0.07 Average number of common shares outstanding 5,363,140 5,029,078
Nine Months Ended Sept. 30
1995 1994
Net sales $103,685,546 $ 94,347,851 Net earnings $ 3,233,376 $ 579,068 Earnings per share $0.60 $0.11 Average number of common shares outstanding 5,286,117 5,046,958 CONTACT: Alpine Lace Brands Inc., Maplewood Arthur Karmel, 201/378-8600 ext. 145 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Joseph A. Mansi/Adam Friedman 212/682-6300 ext. 205/215 |
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