General Cable 8-K Results of Operations and Financial Condition

	General Cable Corporation and Subsidiaries
				Consolidated Statements of Operations
				(in millions, except per share data)
				(unaudited)
				-	-			-			-	-
	Three Fiscal Months Ended							Six Fiscal Months Ended
	June 30,				July 1,			June 30,				July 1,
	2006				2005			2006				2005
Net sales	$	987.1			$	608.6		$	1,791.4			$	1,162.8
Cost of sales		857.6				537.3			1,564.3				1,024.1
Gross profit		129.5				71.3			227.1				138.7
Selling, general and
administrative expenses		59.1				43.3			114.5				86.5
Operating income		70.4				28.0			112.6				52.2
Other income (expense)		0.2				—			1.0				(0.1	)
Interest income (expense):
Interest expense		(12.3	)			(10.6	)		(22.4	)			(20.9	)
Interest income		0.7				1.5			1.2				1.9
		(11.6	)			(9.1	)		(21.2	)			(19.0	)
Income before income taxes		59.0				18.9			92.4				33.1
Income tax provision		(17.5	)			(7.1	)		(29.5	)			(12.3	)
Net income		41.5				11.8			62.9				20.8
Less: preferred stock dividends		(0.1	)			(1.5	)		(0.2	)			(3.0	)
Net income applicable to common shareholders	$	41.4			$	10.3		$	62.7			$	17.8
Earnings per share
Earnings per common share	$	0.81			$	0.26		$	1.24			$	0.45
Weighted average common shares		50.8				39.4			50.4				39.3
Earnings per common share-
assuming dilution	$	0.80			$	0.23		$	.21			$	0.41
Weighted average common shares-
assuming dilution		52.2				50.9			51.8				50.8

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	General Cable Corporation and Subsidiaries
	Consolidated Statements of Operations
	Segment Information
	(in millions)
				(unaudited)
				-	-			-			-	-
	Three Fiscal Months Ended							Six Fiscal Months Ended
	June 30,				July 1,			June 30,				July 1,
	2006				2005			2006				2005
Revenues (as reported)
Energy Segment	$	359.5			$	212.4		$	659.6			$	408.9
Industrial & Specialty Segment		443.1				252.1			797.3				493.3
Communications Segment		184.5				144.1			334.5				260.6
Total	$	987.1			$	608.6		$	1,791.4			$	1,162.8
Revenues (metal adjusted)
Energy Segment	$	359.5			$	272.2		$	659.6			$	495.5
Industrial & Specialty Segment		443.1				370.6			797.3				659.2
Communications Segment		184.5				183.8			334.5				323.6
Total	$	987.1			$	826.6		$	1,791.4			$	1,478.3
Metal Pounds Sold
Energy Segment		99.2				75.2			188.7				145.8
Industrial & Specialty Segment		79.3				64.0			159.6				124.4
Communications Segment		34.0				34.7			65.8				64.2
Total		212.5				173.9			414.1				334.4
Operating Profit (Loss)
Energy Segment	$	25.2			$	15.4		$	43.7			$	27.7
Industrial & Specialty Segment		30.8				10.2			50.7				19.4
Communications Segment		14.4				5.9			18.2				8.6
Subtotal		70.4				31.5			112.6				55.7
Corporate		—				(3.5	)		—				(3.5	)
Total	$	70.4			$	28.0		$	112.6			$	52.2
Return on Metal Adjusted Sales
Energy Segment		7.0	%			5.7	%		6.6	%			5.6	%
Industrial & Specialty Segment		7.0	%			2.8	%		6.4	%			2.9	%
Communications Segment		7.8	%			3.2	%		5.4	%			2.7	%
Total Company		7.1	%			3.4	%		6.3	%			3.5	%
Capital Expenditures
Energy Segment	$	6.6			$	3.7		$	10.0			$	6.9
Industrial & Specialty Segment		6.1				3.5			9.5				6.3
Communications Segment		1.9				1.3			3.1				2.5
Total	$	14.6			$	8.5		$	22.6			$	15.7
Depreciation & Amortization
Energy Segment	$	4.7			$	2.7		$	9.4			$	4.6
Industrial & Specialty Segment		4.6				3.4			9.1				6.4
Communications Segment		3.7				4.2			7.0				8.3
Subtotal		13.0				10.3			25.5				19.3
Corporate		—				2.9			—				2.9
Total	$	13.0			$	13.2		$	25.5			$	22.2

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GENERAL CABLE CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheets
(in millions, except share data)

ASSETS	30–Jun-06		31-Dec-05
Current Assets:	(unaudited)
Cash	$	59.0	$	72.2

Receivables, net of allowances of $10.3 million
At June 30, 2006 and $8.6 million at December 31, 2005		791.7		542.9
Inventories		399.2		363.9
Deferred income taxes		47.6		41.9
Prepaid expenses and other		70.1		48.6
Total current assets		1,367.6		1,069.5
Property, plant and equipment, net		368.7		366.4
Deferred income taxes		53.9		52.5
Other non-current assets		33.3		34.8
Total assets	$	1,823.5	$	1,523.2

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	647.8	$	472.3
Accrued liabilities		209.6		212.2
Current portion of long-term debt		20.0		6.4
Total current liabilities		877.4		690.9

Shareholders’ Equity:
Redeemable convertible preferred stock,June 30, 2006 – 101,949 outstanding shares December 31, 2005 – 129,916 outstanding shares (liquidation preference of $50,00 per share)		5.1			6.5
Common stock, $0.01 par value, Issued and outstanding shares:
June 30, 2006 – 51,078,781 (net of 4,998,730 treasury shares) December 31, 2005 – 49,520,209 (net of 4,968,755 treasury Shares)		0.6			0.5
Additional paid-in capital		269.4			246.3
Treasury stock		(53.0	)		(52.2	)
Retained earnings		166.5			103.8
Accumulated other comprehensive income (loss) 12.7					(6.8	)
Other shareholders’ equity		—			(4.8	)
		401.3			293.3
Total liabilities and shareholders’ equity	$	1,823.5		$	1,523.2

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