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December 3, 2012
16:20 EDTBGCGeneral Cable sees Alcan Cable will contribute about $650M-$700M in revenues
The company estimates that the overall Alcan Cable business will contribute approximately $650M-$700M in annual revenues at current aluminum prices, and over a cycle, the operating margin profile is expected to be consistent with the company's existing businesses as manufacturing, logistics, and purchasing synergies are realized. The company expects Alcan Cable North America to contribute meaningfully in Q4 while Alcan Cable China's contribution is expected to be de minimis to Q4 results as step-up purchase accounting adjustments offset the base earnings in the business in China.
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