Tuesday, Oct 27, 2009
General Cable Corporation (NYSE: BGC), one of the most globally diversified industrial companies, reported today revenues and earnings for the third quarter ended October 2, 2009. Diluted earnings per share for the third quarter of 2009 were $0.31. Included in these results were approximately $0.09 per share of non-cash net lower of cost or market (LCM) and LIFO inventory accounting related charges and $0.15 per share of non-cash interest charges resulting from a change in accounting for convertible debt. Before the impact of these items, adjusted non-GAAP earnings per share for the third quarter of 2009 would have been $0.55, at the upper end of management’s indicated range of $0.45 to $0.55.
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