The 2020 Mid-Year Economic Update_long

General Cable 3Q Sales Down 15.7%

Year-to-date sales decreased 17.2 percent year-over-year.

General Cable Corp. (NYSE: BGC), Highland Heights, KY, reported sales for the third quarter of $924.5 million, a year-over-year decline of 15.7 percent. The manufacturer reported a loss of $14.3 million, compared to year-ago loss of $29 million.

For the nine months, sales were $2.9 billion, a year-over-year decline of 17.2 percent. The company reported a profit of $10.8 million for the period, compared to a year-ago loss of $74 million.

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