General Cable Reports Fourth Quarter Results
Thursday, Feb 18, 2010
General Cable Corporation (NYSE: BGC), one of the most globally diversified industrial companies, reported today revenues and earnings for the fourth quarter ended December 31, 2009. Diluted loss per share for the fourth quarter of 2009 was $0.17. Included in these results were $0.05 per share of net lower of cost or market (LCM) and LIFO inventory accounting related charges, $0.14 per share of non-cash convertible debt interest expense, $0.10 per share loss on the extinguishment of debt, and a one-time $0.12 per share charge related to a change in Mexican tax law. Before the impact of these items, adjusted non-GAAP earnings per share for the fourth quarter of 2009 would have been $0.24.
Source: General Cable
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