UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one):
X Form 10-K
Form 20-F
Form 11-k
Form 10-Q
Form N-SAR
Form N-CSR
For Period Ended: December 31, 2004
Transition Report on Form 10-K
Transition Report on Form 20-F
Transition Report on Form 11-K
Transition Report on Form 10-Q
Transition Report on Form N-SAR
For the Transition Period Ended: ____________________________________
Read Instruction (on back page) Before Preparing Form. Please Print
or Type.
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION
HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
_______________________________________________________________________
PART I REGISTRANT INFORMATION
General Cable Corporation
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Full Name of Registrant
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Former Name if Applicable
4 Tesseneer Drive
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Address of Principal Executive Office (Street and Number)
Highland Heights, Kentucky 41076
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City, State and Zip Code
PART II RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
| (a) The reason described in reasonable detail in Part III of this
| form could not be eliminated without unreasonable effort or
| expense.
|X| | (b) The subject annual report, semi-annual report, transition
| report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or
| Form N-CSR, or portion thereof, will be filed on or before
| the fifteenth calendar day following the prescribed due date;
| or the subject quarterly report or transition report on Form
| 10-Q, or portion thereof, will be filed on or before the
| fifth calendar day following the prescribed due date; and
| (c) The accountant's statement or other exhibit required by Rule
| 12b-25(c) has been attached if applicable.
PART III NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, N-CSR, or the transition report or portion thereof, could not be
filed within the prescribed time peirod.
(Attach extra Sheets if Needed)
Registrant cannot file the Form 10-K without unreasonable effort or
expense because an unexpected significant large portion of the time
and effort of its financial reporting personnel has been devoted to
the evaluation and assessment of the Registrant's internal controls
over financial reporting as of December 31, 2004.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Robert J. Siverd 859 572-8890
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 or Section 30
of the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was required
to file such report(s) been filed? If answer is no, identify
report(s).
Yes [X] No [ ]
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the
subject report or portion thereof?
Yes [X] No [ ]
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
On February 1, 2005, the Company issued a press release containing
its financial results for the quarter and year ended December 31,
2004. In the press release the Company reported net income
applicable to common shareholders of $3.3 million for the fourth
quarter and $9.5 million for the full year. Fully diluted earnings
per share were reported at $0.08 for the quarter and $0.24 for the
full year. Subsequent to the press release, the Company received
notification that a tax audit had been settled. As a result of
this subsequent event, the Company will change its previously
disclosed financial results for the quarter and year ended
December 31, 2004. The Company's reported net income applicable
to common shareholders will increase to $25.7 million for the
fourth quarter of 2004 and $31.9 million for the full year of 2004.
Fully diluted earnings per share will increase to $0.54 for the
fourth quarter and $0.75 for the full year. There will be no
adjustment to the reported results for any prior years as a result
of this tax settlement.
GENERAL CABLE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS AND OPERATIONS
(IN MILLIONS, EXCEPT PER SHARE DATA)
(UNAUDITED)
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FISCAL THREE MONTHS FISCAL TWELVE MONTHS
ENDED DECEMBER 31 ENDED DECEMBER 31
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PREVIOUSLY PREVIOUSLY
REPORTED REPORTED
2004 2004 2004 2004
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Net sales $485.3 $485.3 $1,970.7 $1,970.7
Cost of sales 430.0 430.0 1,756.0 1,756.0
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Gross profit 55.3 55.3 214.7 214.7
Selling, general and
administrative expenses 42.3 42.3 158.2 158.2
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Operating income 13.0 13.0 56.5 56.5
Other expense --- --- (0.9) (0.9)
Net interest expense (8.9) (9.0) (36.2) (36.3)
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Earnings before income taxes 4.1 4.0 19.4 19.3
Income tax (provision) benefit 22.7 0.4 18.1 (4.2)
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Income from continuing operations 26.8 4.4 37.5 15.1
DISCONTINUED OPERATIONS
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Gain on disposal of discontinued
operations (net of tax) 0.4 0.4 0.4 0.4
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Net income 27.2 4.8 37.9 15.5
Less: preferred stock dividends (1.5) (1.5) (6.0) (6.0)
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Net income applicable to common
shareholders $ 25.7 $ 3.3 $ 31.9 $ 9.5
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EPS OF CONTINUING OPERATIONS
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Earnings per common share $ 0.65 $ 0.07 $ 0.81 $ 0.23
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Weighted average common shares 39.1 39.3 39.0 39.2
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Earnings per common share-
assuming dilution $ 0.53 $ 0.07 $ 0.75 $ 0.23
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Weighted average common shares-
assuming dilution 50.6 40.3 50.3 39.9
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EPS INCLUDING DISCONTINUED OPERATIONS
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Earnings per common share $ 0.66 $ 0.08 $ 0.82 $ 0.24
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Earnings per common share-
assuming dilution $ 0.54 $ 0.08 $ 0.75 $ 0.24
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_____________________________________________________________________
General Cable Corporation
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date March 16, 2005 By /s/ Robert J. Siverd
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Robert J. Siverd
Executive Vice President and
General Counsel