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 newsTweets 

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
02/25 Khang & Khang LLP Announces Securities Class Action Lawsuit against General C..
02/25 GENERAL CABLE CORPORATION : Khang & Khang LLP Announces Securities Class Action ..
02/24 GENERAL CABLE : DE/ MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ..
02/24 GENERAL CABLE CORPORATION : IMPORTANT INVESTOR NOTICE: Lundin Law PC Announces S..
02/24 Levi & Korsinsky, LLP Reminds Shareholders of General Cable Corporation of a ..
02/22 Khang & Khang LLP Announces Securities Class Action Lawsuit against General C..
02/22 GENERAL CABLE CORPORATION : Khang & Khang LLP Announces Securities Class Action ..
02/22 GENERAL CABLE CORPORATION : DEADLINE ALERT: Bronstein, Gewirtz & Grossman, LLC R..
02/21 GENERAL CABLE CORPORATION (NYSE : BGC) Investor Alert: Deadline in Lawsuit on Ma..
02/21 GENERAL CABLE CORPORATION : Lundin Law PC Announces Securities Class Action Laws..
More news
Sector news : Electrical Components & Equipment - NEC
02/24DJEATON : Files 8K - Changes Executive Management
02/16DJSCHNEIDER ELECTRIC : 2016 Net Up 24%, Despite Revenue Decline
02/07DJEMERSON ELECTRIC : Raises Earnings Outlook
02/02DJEATON : CEO Not Factoring Donald Trump Into Its Outlook
01/25DJROCKWELL AUTOMATION : Could Shift Production to U.S. if Tax Law Changes
More sector news : Electrical Components & Equipment - NEC
News from SeekingAlpha
02/13 CTC Global, General Cable expand partnership
02/12 WEEK 7 BREAKOUT FORECAST AND 5 WEEK : Short-Term Picks To Give You An Edge
02/09 General Cable Corporation 2016 Q4 - Results - Earnings Call Slides
02/09 General Cable's (BGC) CEO Mike McDonnell on Q4 2016 Results - Earnings Call T..
02/08 General Cable misses by $0.13, beats on revenue
Advertisement
Financials ($)
Sales 2017 3 686 M
EBIT 2017 138 M
Net income 2017 35,5 M
Debt 2017 -
Yield 2017 4,40%
P/E ratio 2017 21,10
P/E ratio 2018 11,35
Capi. / Sales 2017 0,22x
Capi. / Sales 2018 0,21x
Capitalization 808 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
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price -
Spread / Average Target -100%
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..-14.70%808
KEYENCE CORPORATION8.91%47 316
SCHNEIDER ELECTRIC-0.14%39 976
EMERSON ELECTRIC CO.8.72%39 014
EATON CORPORATION PLC7.50%32 699
NIDEC CORPORATION4.78%28 251
More Results