General Cable Corp. (NYSE: BGC), Highland Heights, KY, reported sales for the fourth quarter of 2011 were $1.4 billion, up 8 percent in a year-over-year comparison on a metal-adjusted basis. Profit was $4.4 million, compared to profit of $35 million a year ago.
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For the full year 2011, sales were $5.9 billion, up 20.6 percent over sales in 2010. Profit climbed 21 percent to $83.8 million.
Volume based on metal pounds sold decreased 5 percent in the fourth quarter of 2011 compared to 2010 principally as a result of weaker demand experienced throughout Europe in non-project based businesses and the record metal-intensive aerial transmission product shipments in North America in the fourth quarter of 2010.
