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In The News:

General Cable Sales Up 6% in 2013

General Cable Corporation (NYSE: BGC), Highland Heights, KY, reported full year sales for 2013 of $6.4 billion, an increase of 6 percent from 2012. The company reported a loss of $18.1 million in 2013, compared to a profit of $4 million in 2012.

Fourth quarter sales were $1.6 billion, an increase of 7 percent from the same period the previous year. Profit was $13.7 million, compared to a loss of $15.8 million from the fourth quarter of 2012.

“In North America, the performance of our electric utility and aluminum construction products businesses improved following a difficult third quarter," said Gregory B. Kenny, president and CEO of General Cable. "We are also encouraged by the continuing stability in Europe and Med where our submarine turnkey project business delivered another strong quarter."

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