Alpine Lace Brands, Inc. reports strong preliminary fourth quarter results.MAPLEWOOD, N.J.--(BUSINESS WIRE)--Jan. 19, 1996--Alpine Lace 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) reports preliminary revenues and earnings for the fourth quarter ending December 31, 1995, higher than analysts' estimates. The company projects fourth quarter net income of approximately $785,000, or $.14 per share, on total sales of approximately $41.4 million. This compares with a loss of $3.7 million or $(.73) per share on total sales of $38.0 million in the 1994 fourth quarter. (The fourth quarter of 1994 included a restructuring charge restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. of $2.6 million and a writedown of its investment in Mountain Farms Inc. of $1.5 million). For the year end net income will be approximately $4.0 million or $.74 per share, compared with a loss of $3.1 million or $(.62) per share for 1994's year end. Total sales for the year end will be approximately $145.0 million, compared with sales of $132.4 million in 1994. Carl T. Wolf, president 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, attributed the strong results, principally, to our continued cost efficiencies. 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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