Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Cable Corporation    BGC

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

General Cable Corporation : General Cable Expands Its Transportation & Industrial Harnesses Business into South America

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/12/2012 | 10:20pm CET

General Cable Corporation (NYSE: BGC), a global leader in ignition wire harness technology, reported that it has acquired Delphia Produtos Eletricos Ltda. ("Delphia"), located in São Bernardo do Campo, São Paulo State, Brazil. The business will continue to operate as Delphia under the umbrella of General Cable Automotiva Brasil.

Delphia is a leading manufacturer of automotive ignition wire harnesses sold into the Brazilian market. The business reported revenues of approximately $20 million USD in 2011.

"The Delphia acquisition is another important step in the globalization of our ignition wire harness business," said Roger Roundhouse, Senior Vice President and General Manager, Specialty Wire Harnesses, General Cable. "This acquisition, coupled with our existing operations in the United States, Mexico and Europe, is a key enabler in our ability to support the global needs of our multi-national customers. In addition, the acquisition enables General Cable to apply our commercial, technical and operational expertise in this increasingly global market."

Gregory B. Kenny, President and Chief Executive Officer of General Cable, said, "Over the past several years, through our expansion strategy and continuous improvement culture we have enhanced our service capabilities in a wide range of transportation and industrial applications for original equipment manufacturers, suppliers and distributors. We are well positioned to further enhance the value proposition to our global customers having achieved another important milestone with the acquisition of Delphia in this significant market in South America."

General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty, construction and communications markets. For more information about General Cable products, please contact your local sales representative or visit our Web site at www.generalcable.com.

Certain statements in this press release, including without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company's or management's beliefs, expectations or opinions, are forward-looking statements. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such factors, risks and uncertainties are more fully discussed in the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2011, filed with the Securities and Exchange Commission on February 23, 2012 and subsequent SEC filings. You are cautioned not to place undue reliance on these forward looking statements.

General Cable Corporation
Len Texter, Manager, Investor Relations, 859-572-8684


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL CABLE CORPORATION
12/03 GENERAL CABLE CORPORATION : is Initiated by CL King to Neutral
11/16 GENERAL CABLE CORPORATION : (BGC) Files An 8-K Entry into a Material Definitive ..
11/15 GENERAL CABLE CORP /DE/ : Entry into a Material Definitive Agreement (form 8-K)
11/15 GENERAL CABLE : Industrial Components Stocks on Investors' Radar -- Pentair, Par..
11/09 Low Voltage Cable Market worth 147.3 Billion USD by 2020, at a CAGR of 7.0%
11/03 GENERAL CABLE : DE/ MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ..
11/02 GENERAL CABLE CORP /DE/ : Results of Operations and Financial Condition, Financi..
11/02 GENERAL CABLE : reports 3Q loss
11/02 GENERAL CABLE : Reports Third Quarter 2016 Results
11/02 GENERAL CABLE : Announces New Chief Financial Officer
More news
Sector news : Electrical Components & Equipment - NEC
11/24 FROM BOOKS TO BANKS : Investors place bets against Italy meltdown
11/15DJOil Prices Bounce Ahead of OPEC Meeting
11/15DJOil Prices Bounce Ahead of OPEC Meeting
11/02DJTE CONNECTIVITY : Revenue Jumps 12% in Latest Quarter
10/27 SCHNEIDER ELECTRIC : sees Brexit impact in coming quarters
More sector news : Electrical Components & Equipment - NEC
News from SeekingAlpha
11/03 General Cable Corporation 2016 Q3 - Results - Earnings Call Slides
11/03 General Cable's (BGC) CEO Mike McDonnell on Q3 2016 Results - Earnings Call T..
11/03 New finance chief at General Cable
11/02 General Cable misses by $0.19, revenue in-line
11/01 Notable earnings after Wednesday?s close
Advertisement
Financials ($)
Sales 2016 3 765 M
EBIT 2016 157 M
Net income 2016 13,0 M
Debt 2016 1 051 M
Yield 2016 3,65%
P/E ratio 2016 -
P/E ratio 2017 19,55
Capi. / Sales 2016 0,54x
Capi. / Sales 2017 0,26x
Capitalization 974 M
More Financials
Chart GENERAL CABLE CORPORATION
Duration : Period :
General Cable Corporation Technical Analysis Chart | BGC | US3693001089 | 4-Traders
Full-screen chart
Technical analysis trends GENERAL CABLE COR...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 14,0 $
Spread / Average Target -29%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Michael T. McDonnell President, Chief Executive Officer & Director
John E. Welsh Non-Executive Chairman
Matti Masanovich Chief Financial Officer & Senior Vice President
Craig P. Omtvedt Independent Director
Gregory E. Lawton Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL CABLE CORPORAT..47.06%974
SCHNEIDER ELECTRIC19.03%40 638
KEYENCE CORPORATION10.50%38 936
EMERSON ELECTRIC CO.18.27%36 362
EATON CORPORATION PLC31.53%30 919
DAIKIN INDUSTRIES, LTD..20.11%27 020
More Results