The 2020 Mid-Year Economic Update_long

General Cable Sales Down 14.5% in 2016

Fourth-quarter sales decreased 4.5 percent.

General Cable Corp. (NYSE: BGC), Highland Heights, KY, reported sales for 2016 of $3.9 billion, a decrease of 14.5 percent from 2015. The company reported a loss of $93.8 million in 2016, compared to a loss of $121.9 million in the previous year.

Fourth-quarter sales were $910 million, a decrease of 4.5 percent year-over-year. The company reported a loss of $104.6 million, compared to a profit of $47.9 million from the same period a year ago.

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