General cable corporation private company information – bloomberg gas 4 less

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General Cable Corporation develops, designs, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets. It offers electric utility products, including low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables. The company also provides electrical infrastructure products, such as rubber-and plastic-jacketed wires and cables, low- and medium-voltage industrial power cables, and cable wire harnesses, as well as rail and mass transit, shipboard, oil and gas, ar…

General Cable Corporation develops, designs, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets. It offers electric utility products, including low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables. The company also provides electrical infrastructure products, such as rubber-and plastic-jacketed wires and cables, low- and medium-voltage industrial power cables, and cable wire harnesses, as well as rail and mass transit, shipboard, oil and gas, armored mining, and alternative energy power generation cables. In addition, it offers communications products comprising high-bandwidth twisted copper and fiber optic, multi conductor and pair fiber and copper networking, telecommunications exchange, coaxial, and low detection profile cables, as well as fiber-optic submarine cable systems, submarine networks, and offshore integration systems. Further, the company provides construction products consisting of construction cables, flexible cords, halogen-free, low-smoke, and flame retardant cables, as well as rod mill products, including copper and aluminum rods. Additionally, it offers design, integration, and installation services for products, such as high and extra-high voltage terrestrial and submarine systems. The company sells its products directly to utilities, independent distributors, retailers, contractors, and original equipment manufacturers in North America, Europe, Latin America, and Africa/the Asia Pacific. General Cable Corporation was founded in 1992 and is headquartered in Highland Heights, Kentucky.

General Cable Corporation reported consolidated unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of $1,020.5 million as compared to $918.2 million for the same period last year. Interest income was $0.9 million as compared to $0.6 million for the same period last year. Income before income taxes was $0.4 million as compared to $18.7 million for the same period last year. Net loss attributable to Company common shareholders was $4.3 million as compared to income of $12.4 million for the same period last year. Diluted loss per share was $0.08 as compared to earnings per share of $0.24 for the same period last year. Net cash flows of operating activities was $85.5 million as compared to $88.5 million for the same period last year. Capital expenditures was $13.0 million as compared to $35.2 million for the same period last year. Adjusted operating income was $38.2 million or adjusted eps of $0.20 as compared to $44.9 million or $0.27 per share for the same period last year.

General Cable Corporation reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2017. For the quarter, net sales were $981.9 million against $910.0 million for the same period of last year. Operating income was $7.5 million against loss of $96.8 million for the same period of last year. Loss before income taxes was $0.7 million against $115.3 million for the same period of last year. Net income attributable to the company common shareholders was $16.0 million against loss of $104.6 million for the same period of last year. Earnings per diluted share were $0.31 against loss of $2.10 for the same period of last year. Adjusted earnings per share and adjusted operating income were $0.03 and $20 million, respectively, for the quarter.

For the year, net sales were $3,837.2 million against $3,858.4 million for the same period of last year. Operating income was $9.3 million against loss of $18.3 million for the same period of last year. Loss before income taxes was $38.9 million against $98.1 million for the same period of last year. Net loss attributable to the company common shareholders was $56.6 million against $93.8 million for the same period of last year. Loss per diluted share was $1.13 against $1.89 for the same period of last year. Net cash flows used in operating activities was $39.0 million against inflow of $156.2 million for the same period of last year. Capital expenditures were $85.4 million against $84.1 million for the same period of last year. At the end of 2017 and 2016, total debt was $1,086 million and $939 million, respectively, and cash and cash equivalents were $85 million and $101 million, respectively. The increase in net debt was principally driven by payments totaling $82 million related to the resolution of FCPA matters as well as investments in working capital (partly due to higher metal prices) and funding of restructuring actions.