The 2020 Mid-Year Economic Update_long

General Cable 3Q Sales Down 21.9%

Year-to-date sales decreased 17.3 percent year-over-year.

General Cable Corp. (NYSE: BGC), Highland Heights, KY, reported sales for the third quarter ended Oct. 2 of $1 billion, a year-over-year decline of 21.9 percent. The manufacturer reported a loss of $29 million for the quarter, compared to year-ago loss of $124.2 million.

For the nine months, sales were $3.3 billion, a year-over-year decline of 17.3 percent. The company reported a loss for the period of $74 million, compared to a year-ago loss of $464.4 million.

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