General Cable Corp/DE – ‘NT 10-K’ for 12/31/04

On:  Wednesday, 3/16/05, at 4:15pm ET   ·   Effective:  3/16/05   ·   For:  12/31/04   ·   Accession #:  886035-5-14   ·   File #:  1-12983

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Notice of a Late Filing of a Form 10-K   —   Form 12b-25
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NT 10-K     Notification of Late Filing                            5±    20K 


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                                                       
-----------------------------------------------------------------------         
Full Name of Registrant                                                         

-----------------------------------------------------------------------         
Former Name if Applicable                                                       

4 Tesseneer Drive                                                               
-----------------------------------------------------------------------         
Address of Principal Executive Office (Street and Number)                       

Highland Heights, Kentucky 41076                                                
-----------------------------------------------------------------------         
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              
----------------------      ------------    ------------------        
(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.                                               

                                                        [Enlarge/Download Table]


                      GENERAL CABLE CORPORATION AND SUBSIDIARIES                         
                        CONSOLIDATED STATEMENTS AND OPERATIONS                           
                         (IN MILLIONS, EXCEPT PER SHARE DATA)                            
                                     (UNAUDITED)                                         

                                          ---------------------   -----------------------
                                           FISCAL THREE MONTHS     FISCAL TWELVE MONTHS  
                                            ENDED DECEMBER 31       ENDED DECEMBER 31    
                                          ---------------------   -----------------------
                                                     PREVIOUSLY                PREVIOUSLY
                                                      REPORTED                  REPORTED 
                                            2004        2004         2004         2004   
                                          --------   ----------   ----------   ----------
                                                                                         

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  
                                          --------   ----------   ----------   ----------

Gross profit                                55.3       55.3          214.7        214.7  
Selling, general and                                                                     
  administrative expenses                   42.3       42.3          158.2        158.2  
                                          --------   ----------   ----------   ----------

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) 
                                          --------   ----------   ----------   ----------

Earnings before income taxes                 4.1        4.0           19.4         19.3  
Income tax (provision) benefit              22.7        0.4           18.1         (4.2) 
                                          --------   ----------   ----------   ----------

Income from continuing operations           26.8        4.4           37.5         15.1  

DISCONTINUED OPERATIONS                                                                  
--------------------------------------                                                   

Gain on disposal of discontinued                                                         
operations (net of tax)                      0.4        0.4            0.4          0.4  
                                          --------   ----------   ----------   ----------

Net income                                  27.2        4.8           37.9         15.5  
Less: preferred stock dividends             (1.5)      (1.5)          (6.0)        (6.0) 
                                          --------   ----------   ----------   ----------

Net income applicable to common                                                          
shareholders                              $ 25.7     $  3.3       $   31.9     $    9.5  
                                          --------   ----------   ----------   ----------
                                          --------   ----------   ----------   ----------

EPS OF CONTINUING OPERATIONS                                                             
--------------------------------------                                                   
Earnings per common share                 $  0.65    $  0.07      $    0.81    $    0.23 
                                          --------   ----------   ----------   ----------
                                          --------   ----------   ----------   ----------

Weighted average common shares              39.1       39.3           39.0         39.2  
                                          --------   ----------   ----------   ----------
                                          --------   ----------   ----------   ----------

Earnings per common share-                                                               
  assuming dilution                       $  0.53    $  0.07      $    0.75    $    0.23 
                                          --------   ----------   ----------   ----------
                                          --------   ----------   ----------   ----------

Weighted average common shares-                                                          
  assuming dilution                         50.6       40.3           50.3         39.9  
                                          --------   ----------   ----------   ----------
                                          --------   ----------   ----------   ----------

EPS INCLUDING DISCONTINUED OPERATIONS                                                    
----------------------------------------                                                 
Earnings per common share                 $  0.66    $  0.08      $    0.82    $    0.24 
                                          --------   ----------   ----------   ----------
                                          --------   ----------   ----------   ----------

Earnings per common share-                                                               
  assuming dilution                       $  0.54    $  0.08      $    0.75    $    0.24 
                                          --------   ----------   ----------   ----------
                                          --------   ----------   ----------   ----------


_____________________________________________________________________           

General Cable Corporation   
--------------------------------------------
(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                  
--------------                       ----------------------------     
                    Robert J. Siverd
                                Executive Vice President and
                   General Counsel

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘NT 10-K’ Filing		Date		Other Filings
Filed on / Effective on:		3/16/05		8-K
		2/1/05		8-K
For Period End:		12/31/04		10-K,  10-K/A
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