ALLETE Third Quarter Earnings on Target; Annual Earnings Growth Target Hiked to 12 Percent for 2001 ALLETE (NYSE: ALE) today reported third quarter earnings of 50 cents per share, meeting analysts' expectations and matching last year's strong third quarter results.
ALLETE's ADESA Subsidiary To Significantly Expand North American Presence In The Auto Salvage Auction Industry ALLETE (NYSE: ALE) and its automotive subsidiary, ADESA Corporation, have signed definitive agreements to acquire all of the outstanding stock of ComSearch, Inc.
ALLETE Declares Dividend on Common Stock ALLETE's (NYSE: ALE) Board of Directors today declared a quarterly dividend on the company's common stock. A dividend of 26.75 cents per share of common stock was declared by the board and is unchanged from the previous quarter.
ALLETE Surpasses Goal for Growth During 2000 ALLETE (NYSE: ALE) today announced 2000 operating net income of $118.2 million, compared with $104.2 million in 1999 resulting in operating earnings per share of $1.67 versus $1.49. Reported earnings per share rose to $2.11 from 97 cents last year,
Minnesota Power Joins Power Delivery System Minnesota Power and its wholly owned subsidiary Superior Water, Light and Power have agreed to join the Midwest Independent System Operator, Inc. (MISO), one of the nation's largest electric power delivery systems.
ALLETE Schedules First Quarter Earnings Release and Conference Call DULUTH, MN - April 3, 2001 - ALLETE (NYSE:ALE), a multi-services company with operations across North America, will announce its first quarter financial results for the quarter ended March 31, 2001 before the market opens on
ALLETE Properties Announces Largest Sale Ever ALLETE (NYSE: ALE) announced today that its subsidiary, ALLETE Properties has a firm contract to sell the Tarpon Point Marina and the surrounding 150 acres of development property in Cape Coral, Florida to the Grosse Point Development Company for $29
National Financial Magazine Highlights ALLETE Better Investing magazine has chosen ALLETE (NYSE: ALE) as its “Stock to Study” in its May, 2001 issue. The magazine will be available on newsstands nationwide beginning April 17, and is also mailed directly to members of the National Association of
ALLETE Reports Solid First Quarter Earnings ALLETE (NYSE: ALE) today announced earnings of 46 cents per share for the first quarter of 2001, compared to 43 cents for the first quarter of 2000. Net income was up 8 percent to $32.9 million on quarterly revenue of $413.0 million, compared to $30.4
Schober and Vizanko Elected Vice Presidents at ALLETE Schober and Vizanko Elected Vice Presidents at ALLETE ALLETE has announced that two of its officers, Mark A. Schober and James K. Vizanko, have been elected vice presidents by the company's board of directors.