On Slide #6, we have provided commentary explaining our second quarter results compared to the first quarter of 2012. The increase in global unit volume of 2% sequentially, relatively stable pricing in North America and ROW and a favorable geographic mix in Europe helped to lift the top line more than 3% sequentially despite the impact of declining metal prices. In Europe, stronger demand for electric utility cables in France and the Mediterranean partially replaced the significant volume at very weak pricing levels reported in Spain during the first quarter.Gross profit and adjusted operating income performance in the second quarter principally reflect the improved performance of the company's telephone and electric utility businesses in North America, strong global aerial transmission project activity, improving domestic conditions in Thailand, mining activity in Chile and ongoing grid investment in France.
General Cable Management Discusses Q2 2012 Results - Earnings Call Transcript
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