ALPINE GROUP INC /DE/
10-Q/A, 1996-01-18
DRAWING & INSULATING OF NONFERROUS WIRE
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<PAGE>
                                                      REGISTRATION NO. 001-09078
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                   FORM 10-Q/A-1

/X/  QUARTERLY REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF
     1934
     FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 1995

/ /  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934
     FOR THE TRANSITION PERIOD FROM                    TO

                         COMMISSION FILE NUMBER 1-9078

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

                             THE ALPINE GROUP, INC.
             (Exact name of registrant as specified in its charter)


                  DELAWARE                                  22-1620387
       (State or other jurisdiction of                   (I.R.S. Employer
       incorporation or organization)                   Identification No.)


               1790 BROADWAY                                10019-1412
              NEW YORK, NEW YORK                            (Zip code)
             (Address of principal
               executive offices)


        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.


               Class                           Outstanding at December 5, 1995
- -----------------------------------         -----------------------------------
    Common Stock, $.10 Par Value                        18,251,779


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


<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.
Date: December 15, 1995
                                          By:        /s/ DAVID S. ALDRIDGE
                                              --------------------------------
                                              David S. Aldridge
                                              CHIEF FINANCIAL OFFICER




<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-START>                             MAY-01-1995
<PERIOD-END>                               OCT-31-1995
<CASH>                                           4,420
<SECURITIES>                                     6,276
<RECEIVABLES>                                   69,040
<ALLOWANCES>                                       997
<INVENTORY>                                     53,630
<CURRENT-ASSETS>                               137,991
<PP&E>                                         107,445
<DEPRECIATION>                                  11,523
<TOTAL-ASSETS>                                 348,093
<CURRENT-LIABILITIES>                           84,871
<BONDS>                                        160,883
                                0
                                     15,995
<COMMON>                                         1,825
<OTHER-SE>                                      31,353
<TOTAL-LIABILITY-AND-EQUITY>                   348,093
<SALES>                                        265,036
<TOTAL-REVENUES>                               265,036
<CGS>                                          232,185
<TOTAL-COSTS>                                  232,185
<OTHER-EXPENSES>                                 (127)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              13,876
<INCOME-PRETAX>                                  2,784
<INCOME-TAX>                                       449
<INCOME-CONTINUING>                              2,335
<DISCONTINUED>                                 (2,213)
<EXTRAORDINARY>                                (4,856)
<CHANGES>                                            0
<NET-INCOME>                                   (5,401)
<EPS-PRIMARY>                                   (0.31)
<EPS-DILUTED>                                   (0.31)
        

</TABLE>


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