ALPINE GROUP INC /DE/
10-Q/A, 1995-09-22
DRAWING & INSULATING OF NONFERROUS WIRE
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                            ------------------------

   
                                AMENDMENT NO. 1
                                       TO
                                   FORM 10-Q
    

<TABLE>
<S>        <C>
/X/        QUARTERLY REPORT PURSUANT TO SECTION 13 OF THE SECURITIES
           EXCHANGE ACT OF 1934

                      For the Quarterly Period Ended January 31, 1995

/ /        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
           SECURITIES EXCHANGE ACT OF 1934
</TABLE>

              For the transition period from             to
              Commission File No. 1-9078

                             THE ALPINE GROUP, INC.

             (Exact name of registrant as specified in its charter)

<TABLE>
<S>                            <C>
          DELAWARE                22-1620387
(State or other jurisdiction     (IRS Employer
             of                 Identification
      incorporation or               No.)
        organization)

 1790 Broadway, New York, NY      10019-1412
    (Address of principal         (Zip Code)
     executive offices)
</TABLE>

Registrant's telephone number, including area code: (212) 757-3333

                            ------------------------

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months and (2) has been subject to such filing requirements for
the past 90 days.
                                  Yes X  No __

Indicate  the number of  shares outstanding of  each of the  issuer's classes of
common stock, as of the latest practicable date.

<TABLE>
<CAPTION>
                                        OUTSTANDING AT MARCH 17,
               CLASS                              1995
------------------------------------  ----------------------------
<S>                                   <C>
    Common Stock, $.10 Par Value               17,187,397
</TABLE>

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<PAGE>
                                   SIGNATURES

    Pursuant  to the  requirements of the  Securities Exchange Act  of 1934, the
registrant has  duly caused  this  report to  be signed  on  its behalf  by  the
undersigned thereunto duly authorized.

                                          THE ALPINE GROUP, INC.
                                          (Registrant)

                                          By: _______/s/_DAVID S. ALDRIDGE______
                                                      David S. Aldridge
                                                   CHIEF FINANCIAL OFFICER

   
Date: September 22, 1995
    

<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          APR-30-1995
<PERIOD-START>                             MAY-01-1994
<PERIOD-END>                               JAN-31-1995
<CASH>                                           4,254
<SECURITIES>                                    18,121
<RECEIVABLES>                                   32,961
<ALLOWANCES>                                       922
<INVENTORY>                                     36,098
<CURRENT-ASSETS>                                92,820
<PP&E>                                          58,345
<DEPRECIATION>                                   5,272
<TOTAL-ASSETS>                                 232,445
<CURRENT-LIABILITIES>                           86,656
<BONDS>                                         83,490
<COMMON>                                         1,719
                                0
                                     17,750
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                   232,445
<SALES>                                        125,782
<TOTAL-REVENUES>                               125,782
<CGS>                                          108,464
<TOTAL-COSTS>                                  108,464
<OTHER-EXPENSES>                                   669
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,213
<INCOME-PRETAX>                                  (635)
<INCOME-TAX>                                       232
<INCOME-CONTINUING>                              (867)
<DISCONTINUED>                                 (4,868)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (5,735)
<EPS-PRIMARY>                                   (0.35)
<EPS-DILUTED>                                   (0.35)
        

</TABLE>


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