10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from             to             

Commission file number 333-174896

WireCo WorldGroup Inc.

(Exact name of registrant as specified in its charter)

Delaware	27-0061302
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
12200 NW Ambassador Drive Kansas City, Missouri	64163
(Address of registrant's executive offices)	(Zip Code)
(816) 270-4700
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    YES  ¨   NO  x

NOTE: While the Registrant is a voluntary filer not subject to the filing requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"), the Registrant has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    YES  x    NO  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	x	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2).    YES  ¨   NO  x

There is no market for the Registrant’s equity, all of which is held by affiliates of WireCo WorldGroup (Cayman) Inc. (the “Company”). As of May 1, 2014 the Registrant had 100 shares of common stock outstanding.

WireCo WorldGroup Inc.

Quarterly Report

For the period ended March 31, 2014

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS (unaudited)
Consolidated Balance Sheets as of March 31, 2014 and December 31, 2013	2
Consolidated Statements of Operations for the three months ended March 31, 2014 and 2013	3
Consolidated Statements of Comprehensive Income (Loss) for the three months ended March 31, 2014 and 2013	4
Consolidated Statements of Cash Flows for the three months ended March 31, 2014 and 2013	5
Notes to Consolidated Financial Statements	6
ITEM  2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	19
ITEM  3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	27
ITEM 4. CONTROLS AND PROCEDURES	27
PART II – OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS	28
ITEM 1A. RISK FACTORS	28
ITEM  2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	28
ITEM 3. DEFAULTS UPON SENIOR SECURITIES	28
ITEM 4. MINE SAFETY DISCLOSURES	28
ITEM 5. OTHER INFORMATION	28
ITEM 6. EXHIBITS	29
SIGNATURES	30

1

PART I – FINANCIAL INFORMATION

Item 1.Financial Statements (unaudited)

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Consolidated Balance Sheets

(in thousands, except per share data)

(unaudited)

Assets	March 31, 2014			December 31, 2013
Current assets:
Cash and cash equivalents	$	33,373		$	34,987
Restricted cash	2,551			2,887
Accounts receivable, less allowance for doubtful accounts of $3,207 and $3,458, at March 31, 2014 and December 31, 2013, respectively	160,427			148,564
Inventories, net	239,831			228,245
Current deferred income tax assets	7,214			5,468
Prepaid expenses and other current assets	19,632			12,657
Total current assets	463,028			432,808
Property, plant and equipment, less accumulated depreciation of $168,725 and $163,250, at March 31, 2014 and December 31, 2013, respectively	359,264			366,338
Intangible assets, net	145,634			150,287
Goodwill	197,049			198,329
Deferred financing fees, net	20,946			22,702
Non-current deferred income tax assets	1,513			8,078
Other non-current assets	16,451			20,673
Total assets	$	1,203,885		$	1,199,215
Liabilities and Stockholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	15,030		$	14,933
Interest payable	19,045			6,731
Accounts payable	88,950			76,181
Accrued compensation and benefits	23,379			17,873
Current deferred income tax liabilities	2,063			742
Other current liabilities	12,086			16,260
Total current liabilities	160,553			132,720
Long-term debt, excluding current maturities	848,138			862,492
Non-current deferred income tax liabilities	68,827			75,763
Other non-current liabilities	31,280			32,007
Total liabilities	1,108,798			1,102,982
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value. 3,000,000 shares authorized; 2,054,374 and 2,053,174 shares issued, respectively 2,005,205 and 2,004,005 shares outstanding, respectively	21			21
Additional paid-in capital	227,097			225,106
Accumulated other comprehensive loss	(20,723		)	(18,527		)
Accumulated deficit	(95,339		)	(94,809		)
Treasury stock, at cost. 49,169 shares at March 31, 2014 and December 31, 2013	(14,465		)	(14,465		)
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	96,591			97,326
Non-controlling interests	(1,504		)	(1,093		)
Total stockholders’ equity	95,087			96,233
Total liabilities and stockholders’ equity	$	1,203,885		$	1,199,215

The accompanying notes are an integral part of the unaudited consolidated financial statements.

2

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Consolidated Statements of Operations

(in thousands)

(unaudited)

	Three months ended
	March 31,
	2014			2013
Net sales	$	210,502		$	222,643
Cost of sales	(157,196		)	(168,017		)
Gross profit	53,306			54,626
Other operating expenses:
Selling expenses	(11,001		)	(11,530		)
Administrative expenses	(20,390		)	(20,519		)
Amortization expense	(3,147		)	(4,158		)
Total other operating expenses	(34,538		)	(36,207		)
Operating income	18,768			18,419
Other income (expense):
Interest expense, net	(19,858		)	(20,220		)
Foreign currency exchange gains (losses), net	950			(10,854		)
Other income (expense), net	755			(153		)
Total other expense, net	(18,153		)	(31,227		)
Income (loss) before income taxes	615			(12,808		)
Income tax benefit (expense)	(658		)	1,439
Net loss	(43		)	(11,369		)
Less: Net income attributable to non-controlling interests	487			234
Net loss attributable to WireCo WorldGroup (Cayman) Inc.	$	(530	)	$	(11,603	)

The accompanying notes are an integral part of the unaudited consolidated financial statements.

3

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income (Loss)

(in thousands)

(unaudited)

	Three months ended
	March 31,
	2014			2013
Net loss	$	(43	)	$	(11,369	)
Other comprehensive loss:
Foreign currency translation loss	(3,094		)	(558		)
Comprehensive loss	(3,137		)	(11,927		)
Less: Comprehensive income (loss) attributable to non-controlling interests	(411		)	193
Comprehensive loss attributable to WireCo WorldGroup (Cayman) Inc.	$	(2,726	)	$	(12,120	)

The accompanying notes are an integral part of the unaudited consolidated financial statements.

4

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

	Three months ended
	March 31,
	2014			2013
Cash flows from operating activities:
Net loss	$	(43	)	$	(11,369	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	13,035			13,777
Amortization of debt issuance costs, discounts and premium	2,078			2,159
Share-based compensation	1,762			634
Other non-cash items	(287		)	868
Unrealized foreign currency exchange losses, net	239			8,795
Provision for deferred income taxes	—			862
Changes in assets and liabilities:
Accounts receivable	(11,037		)	(23,359		)
Inventories	(11,382		)	5,269
Prepaids and other assets	(3,895		)	(7,171		)
Interest payable	12,326			12,516
Accounts payable	12,611			1,677
Other accrued liabilities	243			7,458
Net cash provided by operating activities	15,650			12,116
Cash flows from investing activities:
Capital expenditures	(3,200		)	(11,464		)
Other investing activities	—			(34		)
Net cash used in investing activities	(3,200		)	(11,498		)
Cash flows from financing activities:
Principal payments on long-term debt	(838		)	(9,368		)
Borrowings under revolving credit agreement	33,400			31,250
Repayments under revolving credit agreement	(46,900		)	(32,850		)
Repayments of short-term borrowings	—			(1,586		)
Other financing activities	228			—
Net cash used in financing activities	(14,110		)	(12,554		)
Effect of exchange rates on cash and cash equivalents	46			(1,005		)
Decrease in cash and cash equivalents	(1,614		)	(12,941		)
Cash and cash equivalents, beginning of period	34,987			49,244
Cash and cash equivalents, end of period	$	33,373		$	36,303
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of interest capitalized	$	5,239		$	5,491
Cash paid for income taxes, net of refunds	1,495			1,700

The accompanying notes are an integral part of the unaudited consolidated financial statements.

5

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

(in thousands)

(unaudited)

(1) Interim Financial Statement Presentation

The financial information included in this quarterly report on Form 10-Q are those of WireCo WorldGroup (Cayman) Inc., its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest, including WireCo WorldGroup Inc. (collectively, the “Company”). The consolidated financial statements include the activity of Lankhorst Euronete - Indústria e Comércio Ltda and WireCo WorldGroup US Holdings, Inc., both indirect subsidiaries of the Company that are not wholly-owned, but over which the Company has control. The Company reports the non-controlling interests in these consolidated subsidiaries as a component of equity separate from the Company's equity. The Company's ownership interest in certain other entities are accounted for under the equity method and are not consolidated. All intercompany transactions and balances have been eliminated in consolidation.

The accompanying unaudited interim consolidated financial statements included herein have been prepared in United States ("U.S.") dollars and in accordance with U.S. generally accepted accounting principles (“GAAP”) by the Company without audit in accordance with the U.S. Securities and Exchange Commission (“SEC”) requirements for quarterly reports on Form 10-Q and, accordingly, do not include all of the annual disclosures required by GAAP. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s annual report on Form 10-K for the year ended December 31, 2013.

In the opinion of management, the unaudited interim consolidated financial statements reflect all normal, recurring adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented using management’s best estimates and assumptions where appropriate. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of certain assets, liabilities, revenue and expenses. Actual results could differ from those estimates. Certain reclassifications, not affecting net income, have been made to prior year amounts on the Consolidated Statement of Operations to conform to the current year presentation.

Out-of-period Errors

During the first quarter of 2014, the Company identified certain prior period accounting entries, which were not recorded in the proper functional currency. The Company corrected this error in the first quarter of 2014 resulting in an increase to Other Comprehensive Loss of $3,351 on the Consolidated Statement of Comprehensive Income (Loss). This error was not material to the first quarter of 2014 and any previously reported periods.

The Company uses the percentage-of-completion method of accounting to recognize revenues and associated costs as work progresses for certain contracts. During the second quarter of 2013, the Company determined that certain projects, for which production occurred in the first quarter of 2013, did not meet the thresholds established to recognize revenue and costs using the percentage-of-completion method. As a result, the Company recorded an entry in the second quarter of 2013 that decreased Net sales and Cost of sales by $5,776 and $4,340, respectively, to correct the untimely recognition of revenue and costs. This error was not material to the first quarter of 2013 and any previously reported periods.

Accounting Pronouncement Adopted During 2014

In July 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU 2013-11"). ASU 2013-11 requires the netting of unrecognized tax benefits against all same-jurisdiction deferred tax assets for a loss or other carryforward that would apply in settlement of the uncertain tax positions. The new guidance is effective for fiscal years, and interim periods therein, beginning after December 15, 2013. The Company adopted ASU 2013-11 prospectively on January 1, 2014, which only affected presentation on the Consolidated Balance Sheet. There was no impact on the Company's operating results.

6

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

(2) Inventories, net

The major classes of inventories were as follows as of the dates indicated:

	March 31, 2014		December 31, 2013
Raw materials, net	$	80,877	$	74,486
Work in process	21,066		18,612
Finished goods, net	137,888		135,147
Inventories, net	$	239,831	$	228,245

(3) Intangible Assets and Goodwill

The components of intangible assets were as follows as of the dates indicated:

	March 31, 2014							December 31, 2013
	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization			Net carrying amount
Finite-lived Assets
Customer relationships	$	131,212	$	(84,956	)	$	46,256	$	132,397	$	(82,569	)	$	49,828
Patented and unpatented technology	24,314		(9,921		)	14,393		24,320		(9,508		)	14,812
Other	7,138		(6,876		)	262		7,193		(6,966		)	227
Total finite-lived intangible assets	$	162,664	$	(101,753	)	$	60,911	$	163,910	$	(99,043	)	$	64,867

Using the exchange rates in effect at period end, estimated amortization of intangible assets as of March 31, 2014 was as follows:

Remainder of 2014	$	7,718
2015	10,199
2016	9,920
2017	8,127
2018	4,119
Thereafter	20,828
Total	$	60,911

Intangible assets with indefinite lives are not amortized. The carrying values of trade names as of March 31, 2014 and December 31, 2013 were $84,723 and $85,420, respectively.

The change in the carrying value of goodwill was as follows as of the dates indicated:

	Total
December 31, 2013	$	198,329
Foreign currency translation	(1,280		)
March 31, 2014	$	197,049

7

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

(4) Borrowings

Long-term debt consisted of the following as of the dates indicated:

	March 31, 2014			December 31, 2013
Borrowings under Revolving Loan Facility	$	18,500		$	32,000
Polish Debt due 2014	8,810			8,860
Term Loan due 2017	329,975			330,813
9.50% Senior Notes due 2017	425,000			425,000
11.75% Senior Notes due 2017	82,500			82,500
Other indebtedness	491			688
Total debt at face value	865,276			879,861
Less: Unamortized discount, net	(2,108		)	(2,436		)
Less: Current maturities of long-term debt	(15,030		)	(14,933		)
Total long-term debt	$	848,138		$	862,492

As of March 31, 2014, the Company was in compliance with all restrictive and financial covenants associated with its borrowings. For a detailed discussion of the Company's borrowings, see Note 8—“Borrowings” to the Company's audited consolidated financial statements in Item 8, Financial Statements and Supplementary Data, of the annual report on Form 10-K for the year ended December 31, 2013.

Senior Secured Credit Facilities - Revolving Loan Facility and Term Loan due 2017

The Company's maximum borrowing capacity under the Revolving Loan Facility is $145,000. As of March 31, 2014, availability under the Revolving Loan Facility was $119,867. Availability is based upon the maximum borrowing capacity, less outstanding borrowings and letters of credit, and further restricted by certain covenants in the Company's credit agreements. Outstanding letters of credit were $1,141 at March 31, 2014. The interest rate on the Revolving Loan Facility and Term Loan due 2017 at March 31, 2014 was 5.62% and 6.00%, respectively.

Interest expense, net

Net interest expense consists of:

	Three months ended March 31,
	2014			2013
Interest on long-term debt	$	18,045		$	18,233
Amortization of debt issuance costs, discounts and premium	2,078			2,159
Capitalized interest	(247		)	(275		)
Other	(18		)	103
Interest expense, net	$	19,858		$	20,220

8

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

(5) Fair Value Measurements

The Company’s short-term financial instruments include cash and cash equivalents, accounts receivable, accounts payable and the Polish Debt due 2014. The carrying amounts reported on the consolidated balance sheets for these items approximate fair market value due to their relative short-term nature.

The carrying amounts and estimated fair values of the Company’s long-term debt at March 31, 2014 were as follows:

	Carrying amount		Estimated fair value
Revolving Loan Facility	$	18,500	$	18,500
Term Loan due 2017	327,896		332,862
9.50% Senior Notes due 2017	425,561		437,750
11.75% Senior Notes due 2017	82,500		82,500

As the Revolving Loan Facility is a revolving credit agreement, the carrying amount approximates fair value. The estimated fair value of the Term Loan due 2017 is based on rates currently available for obligations with similar terms and maturities (Level 2 inputs). The estimated fair value of the 9.50% Senior Notes is based on current market rates in inactive markets (Level 2 inputs) and the estimated fair value of the privately placed 11.75% Senior Notes is based on a model that incorporates assumptions a market participant would use in pricing the liability (Level 3 inputs).

(6) Restructuring

During 2013, the Company formalized a restructuring plan, which included changes in certain executive management positions and headcount reductions at certain manufacturing facilities as a result of lower than expected sales volumes. As a result of these actions, the Company recorded restructuring charges related to employee termination and related benefits in Administrative expenses in the consolidated statement of operations during the year ended December 31, 2013. The accrual balances are included in Other current liabilities on the consolidated balance sheets.

A rollforward of these restructuring activities is set forth below:

Balance at December 31, 2013	$	2,812
Payments made in 2014	(1,005		)
Balance at March 31, 2014	$	1,807

(7) Income Taxes

The Company determines the interim tax provision by applying an estimate of the annual effective tax rate to the year-to-date pretax book income (loss) and adjusts for discrete items, if any, during the reporting period. Tax jurisdictions with losses for which tax benefits cannot be realized are excluded.

The effective income tax rate for the three months ended March 31, 2014 and March 31, 2013 was 107.0% and 11.2%, respectively. The Company's effective tax rate differs from the applicable statutory tax rate primarily due to a full valuation allowance on U.S. deferred tax assets, the mix of taxable income (loss) by jurisdiction, and the effects of foreign tax rate differential.

9

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

(8) Contingencies

The Company is involved in various claims and legal actions arising in the ordinary course of business, which are incidental to its operations. Insurance coverage is maintained for certain risks, such as product liability and workers’ compensation. The Company is not currently a party to any legal proceedings that it believes would have a material adverse effect on its financial position, results of operations, or cash flows.

(9) Segment Reporting

The Company reports the manufacturing, marketing, selling and distribution of wire and synthetic ropes, specialty wire and engineered products as one operating and one reportable segment. The Company's chief operating decision maker is its Chief Executive Officer, who reviews financial information on a consolidated basis for purposes of making operating decisions and assessing financial performance. The Company's net sales by product line for the periods presented was as follows:

	Three months ended March 31,
	2014				2013
Product line net sales	($)		(%)		($)		(%)
Rope	$	159,628	76	%	$	159,943	72	%
Specialty Wire	33,108		16	%	32,400		14	%
Engineered Products	17,766		8	%	30,300		14	%
	$	210,502	100	%	$	222,643	100	%

(10) Condensed Consolidating Financial Statements

Guarantees of the 9.50% Senior Notes

WireCo WorldGroup Inc. has registered 9.50% Senior Notes, which are unsecured obligations. These obligations are jointly and severally and fully and unconditionally guaranteed by WireCo WorldGroup (Cayman) Inc. Certain entities controlled by WireCo WorldGroup (Cayman) Inc. (collectively referred to as the “Guarantor Subsidiaries”) also jointly and severally and fully and unconditionally guarantee these obligations, subject to customary release provisions. All voting shares for the entities presented in the “Guarantor Subsidiaries” column are 100% owned directly or indirectly by the Company. Certain subsidiaries with locations primarily in the Netherlands, Brazil and France do not guarantee the debt (collectively referred to as the “Non-Guarantor Subsidiaries”). The adjustments eliminate investments in subsidiaries, related stockholders’ equity and other intercompany balances and transactions. There are currently no significant restrictions on the ability of WireCo WorldGroup Inc. or any guarantor to obtain funds from its subsidiaries by dividend or loan.

The following condensed consolidating financial statements are prepared with each entity’s investment in subsidiaries accounted for under the equity method. During the fourth quarter of 2013, Royal Lankhorst Euronete Group B.V., an indirect subsidiary of the Company, became a guarantor. This change in the guarantor pool has been retroactively reflected in all condensed consolidating financial statements presented.

10

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

Condensed Consolidating Balance Sheets

	March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Elimination Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	280		$	3,500		$	20,032	$	9,561	$	—		$	33,373
Restricted cash	—			—			2,551		—		—			2,551
Accounts receivable, net	—			44,409			90,449		25,569		—			160,427
Intercompany accounts receivable	22,482			42,597			125,325		5,229		(195,633		)	—
Inventories, net	—			77,467			131,152		31,212		—			239,831
Current deferred income tax assets	—			3,139			3,929		146		—			7,214
Prepaid expenses and other current assets	—			3,528			14,307		1,797		—			19,632
Total current assets	$	22,762		$	174,640		$	387,745	$	73,514	$	(195,633	)	$	463,028
Long-term intercompany notes receivable	—			464,462			4,826		3,930		(473,218		)	—
Property, plant and equipment, net	—			57,311			254,563		47,390		—			359,264
Intangible assets, net	—			36,624			84,239		24,771		—			145,634
Goodwill	—			117,124			55,732		24,193		—			197,049
Investments in subsidiaries	80,538			—			38,087		5,862		(124,487		)	—
Deferred financing fees, net	—			20,946			—		—		—			20,946
Non-current deferred income tax assets	—			(4,798		)	5,392		919		—			1,513
Other non-current assets	—			153			16,291		7		—			16,451
Total assets	$	103,300		$	866,462		$	846,875	$	180,586	$	(793,338	)	$	1,203,885
Liabilities and Stockholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	6,710		$	8,320	$	—	$	—		$	15,030
Interest payable	—			18,896			139		10		—			19,045
Accounts payable	—			13,882			55,035		20,033		—			88,950
Accrued compensation and benefits	—			6,058			14,419		3,101		(199		)	23,379
Intercompany accounts payable	1,513			76,875			40,590		76,364		(195,342		)	—
Current deferred income tax liabilities	—			—			313		1,750		—			2,063
Other current liabilities	(1		)	2,585			6,770		2,750		(18		)	12,086
Total current liabilities	$	1,512		$	125,006		$	125,586	$	104,008	$	(195,559	)	$	160,553
Long-term debt, excluding current maturities	—			847,747			391		—		—			848,138

11

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

Long-term intercompany notes payable	6,701			—			459,059			7,437		(473,197		)	—
Non-current deferred income tax liabilities	—			1,920			56,336			10,571		—			68,827
Other non-current liabilities	—			7,353			21,998			1,929		—			31,280
Total liabilities	$	8,213		$	982,026		$	663,370		$	123,945	$	(668,756	)	$	1,108,798
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	96,591			(111,730		)	185,009			53,773		(127,052		)	96,591
Non-controlling interests	(1,504		)	(3,834		)	(1,504		)	2,868		2,470			(1,504		)
Total stockholders’ equity	$	95,087		$	(115,564	)	$	183,505		$	56,641	$	(124,582	)	$	95,087
Total liabilities and stockholders’ equity	$	103,300		$	866,462		$	846,875		$	180,586	$	(793,338	)	$	1,203,885

12

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

	December 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)		WireCo WorldGroup Inc. (Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	53	$	2,564	$	11,798		$	20,572		$	—		$	34,987
Restricted cash	—		—		2,887			—			—			2,887
Accounts receivable, net	—		38,891		87,234			22,439			—			148,564
Intercompany accounts receivable	20,871		53,444		131,716			(55		)	(205,976		)	—
Inventories, net	—		79,017		121,913			27,315			—			228,245
Current deferred income tax assets	—		3,139		2,185			144			—			5,468
Prepaid expenses and other current assets	—		2,218		4,016			389			6,034			12,657
Total current assets	$	20,924	$	179,273	$	361,749		$	70,804		$	(199,942	)	$	432,808
Long-term intercompany notes receivable	—		477,637		4,827			—			(482,464		)	—
Property, plant and equipment, net	—		59,065		258,580			48,693			—			366,338
Intangible assets, net	—		37,090		86,555			26,642			—			150,287
Goodwill	—		117,124		55,749			25,456			—			198,329
Investment in subsidiaries	83,430		—		125,767			—			(209,197		)	—
Deferred financing fees, net	—		22,702		—			—			—			22,702
Non-current deferred income tax assets	—		—		7,175			903			—			8,078
Other non-current assets	—		201		17,273			3,199			—			20,673
Total assets	$	104,354	$	893,092	$	917,675		$	175,697		$	(891,603	)	$	1,199,215
Liabilities and Stockholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	—	$	6,710	$	8,223		$	—		$	—		$	14,933
Interest payable	—		6,604		124			3			—			6,731
Accounts payable	—		14,552		45,695			15,934			—			76,181
Accrued compensation and benefits	—		7,907		9,622			344			—			17,873
Intercompany accounts payable	1,412		84,495		49,713			4,418			(140,038		)	—
Current deferred income tax liabilities	—		—		(33		)	424			351			742
Other current liabilities	9		1,886		351			74,085			(60,071		)	16,260
Total current liabilities	$	1,421	$	122,154	$	113,695		$	95,208		$	(199,758	)	$	132,720
Long-term debt, excluding current maturities	—		861,948		544			—			—			862,492
Long-term intercompany notes payable	6,700		—		472,165			2,613			(481,478		)	—

13

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

Non-current deferred income tax liabilities	—			6,717			56,670			12,376		—			75,763
Other non-current liabilities	—			7,477			22,618			2,878		(966		)	32,007
Total liabilities	$	8,121		$	998,296		$	665,692		$	113,075	$	(682,202	)	$	1,102,982
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	97,326			(105,204		)	253,076			60,215		(208,087		)	97,326
Non-controlling interests	(1,093		)	—			(1,093		)	2,407		(1,314		)	(1,093		)
Total stockholders’ equity	$	96,233		$	(105,204	)	$	251,983		$	62,622	$	(209,401	)	$	96,233
Total liabilities and stockholders’ equity	$	104,354		$	893,092		$	917,675		$	175,697	$	(891,603	)	$	1,199,215

14

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)

	Three months ended March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net sales	$	—		$	72,224		$	123,462		$	39,529		$	(24,713	)	$	210,502
Cost of sales	—			(55,854		)	(95,474		)	(30,634		)	24,766			(157,196		)
Gross profit	—			16,370			27,988			8,895			53			53,306
Other operating expenses:
Selling expenses	—			(2,921		)	(4,990		)	(3,090		)	—			(11,001		)
Administrative expenses	(144		)	(12,433		)	(6,832		)	(1,181		)	200			(20,390		)
Amortization expense	—			(466		)	(2,378		)	(303		)	—			(3,147		)
Total other operating expenses	(144		)	(15,820		)	(14,200		)	(4,574		)	200			(34,538		)
Operating income (loss)	(144		)	550			13,788			4,321			253			18,768
Other income (expense):
Interest income (expense), net	(101		)	(10,977		)	(8,917		)	137			—			(19,858		)
Equity income (losses) from subsidiaries	(264		)	—			(5,354		)	439			5,179			—
Foreign currency exchange gains (losses), net	—			(21		)	(228		)	1,199			—			950
Other income (expense), net	—			(9		)	735			29			—			755
Total other income (expense), net	(365		)	(11,007		)	(13,764		)	1,804			5,179			(18,153		)
Income (loss) before income taxes	(509		)	(10,457		)	24			6,125			5,432			615
Income tax expense	—			(24		)	(607		)	(175		)	148			(658		)
Net income (loss)	(509		)	(10,481		)	(583		)	5,950			5,580			(43		)
Less: Net income (loss) attributable to non-controlling interests	—			(346		)	(5		)	838			—			487
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(509		)	(10,135		)	(578		)	5,112			5,580			(530		)
Comprehensive income (loss)	$	(3,137	)	$	(10,481	)	$	2,511		$	—		$	7,970		(3,137		)

15

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

	Three months ended March 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net sales	$	—		$	79,542		$	130,340		$	42,221		$	(29,460	)	$	222,643
Cost of sales	—			(61,650		)	(101,258		)	(34,852		)	29,743			(168,017		)
Gross profit	—			17,892			29,082			7,369			283			54,626
Other operating expenses:
Selling expenses	—			(3,413		)	(5,767		)	(2,350		)	—			(11,530		)
Administrative expenses	(75		)	(9,946		)	(8,893		)	(1,605		)	—			(20,519		)
Amortization expense	—			(1,432		)	(2,196		)	(530		)	—			(4,158		)
Total other operating expenses	(75		)	(14,791		)	(16,856		)	(4,485		)	—			(36,207		)
Operating income (loss)	(75		)	3,101			12,226			2,884			283			18,419
Other income (expense):
Interest expense, net	(101		)	(10,921		)	(9,075		)	(123		)	—			(20,220		)
Equity income (losses) from subsidiaries	(11,427		)	—			6,506			—			4,921			—
Foreign currency exchange gains (losses), net	—			206			(11,296		)	236			—			(10,854		)
Other income (expense), net	—			(173		)	18			2			—			(153		)
Other income (expense), net	(11,528		)	(10,888		)	(13,847		)	115			4,921			(31,227		)
Income (loss) before income taxes	(11,603		)	(7,787		)	(1,621		)	2,999			5,204			(12,808		)
Income tax benefit (expense)	—			(123		)	1,451			111			—			1,439
Net income (loss)	(11,603		)	(7,910		)	(170		)	3,110			5,204			(11,369		)
Less: Net income (loss) attributable to non-controlling interests	—			—			(262		)	496			—			234
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(11,603		)	(7,910		)	92			2,614			5,204			(11,603		)
Comprehensive income (loss)	$	(11,927	)	$	(7,910	)	$	(728	)	$	17,394		$	(5,642	)	$	(11,927	)

16

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

Condensed Consolidating Statements of Cash Flows

	Three months ended March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(1	)	$	3,147		$	22,887		$	(10,383	)	$	—		$	15,650
Cash flows from investing activities:
Capital expenditures	—			(1,048		)	(1,441		)	(711		)	—			(3,200		)
Repayments from intercompany loans	—			13,175			—			—			(13,175		)	—
Net cash provided by (used in) investing activities	—			12,127			(1,441		)	(711		)	(13,175		)	(3,200		)
Cash flows from financing activities:
Principal payments on long-term debt	—			(838		)	—			—			—			(838		)
Borrowings under revolving credit agreement	—			33,400			—			—			—			33,400
Repayments under revolving credit agreement	—			(46,900		)	—			—			—			(46,900		)
Repayments of intercompany loans	—			—			(13,175		)	—			13,175			—
Other financing activities	228			—			—			—			—			228
Net cash provided by (used in) financing activities	228			(14,338		)	(13,175		)	—			13,175			(14,110		)
Effect of exchange rates on cash and cash equivalents	—			—			(37		)	83			—			46
Increase (decrease) in cash and cash equivalents	227			936			8,234			(11,011		)	—			(1,614		)
Cash and cash equivalents, beginning of period	53			2,564			11,798			20,572			—			34,987
Cash and cash equivalents, end of period	$	280		$	3,500		$	20,032		$	9,561		$	—		$	33,373

17

WIRECO WORLDGROUP (CAYMAN) INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

(in thousands)

(unaudited)

	Three months ended March 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(16	)	$	6,367		$	9,986		$	(4,221	)	$	—		$	12,116
Cash flows from investing activities:
Capital expenditures	—			(1,446		)	(8,983		)	(1,035		)	—			(11,464		)
Other investing activities	—			(34		)	—			—			—			(34		)
Disbursements of intercompany loans	—			(317		)	—			(952		)	1,269			—
Intercompany dividends received	—			—			4,008			—			(4,008		)	—
Net cash used in investing activities	—			(1,797		)	(4,975		)	(1,987		)	(2,739		)	(11,498		)
Cash flows from financing activities:
Principal payments on long-term debt	—			(838		)	(8,530		)	—			—			(9,368		)
Borrowings under revolving credit agreement	—			31,250			—			—			—			31,250
Repayments under revolving credit agreement	—			(32,850		)	—			—			—			(32,850		)
Repayments of short-term borrowings	—			—			—			(1,586		)	—			(1,586		)
Proceeds from intercompany loans	—			—			952			317			(1,269		)	—
Intercompany dividends paid	—			—			—			(4,008		)	4,008			—
Net cash provided by (used in) financing activities	—			(2,438		)	(7,578		)	(5,277		)	2,739			(12,554		)
Effect of exchange rates on cash and cash equivalents	—			—			(409		)	(596		)	—			(1,005		)
Increase (decrease) in cash and cash equivalents	(16		)	2,132			(2,976		)	(12,081		)	—			(12,941		)
Cash and cash equivalents, beginning of period	34			2,867			26,980			19,363			—			49,244
Cash and cash equivalents, end of period	$	18		$	4,999		$	24,004		$	7,282		$	—		$	36,303

18

Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations

Unless the context otherwise requires, the use of the terms “WireCo,” the “Company,” “we,” “our” or “us” in the following refers to WireCo WorldGroup (Cayman) Inc., its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest, including WireCo WorldGroup Inc.

Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) provides a reader of our financial statements with a narrative from the perspective of our management on our consolidated financial condition, results of operations, liquidity and capital resources on a historical basis and certain other factors that have affected recent earnings, as well as those factors that may affect future earnings. This MD&A is provided as a supplement to, and should be read in conjunction with the unaudited interim consolidated financial statements and accompanying notes included in this quarterly report. Additionally, our MD&A should be read in conjunction with our annual report on Form 10-K for the year ended December 31, 2013.

Forward-Looking Statements

This quarterly report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect the current views and assumptions of management with respect to future events regarding our business and industry in general. These forward looking statements include all statements, other than statements of historical fact, regarding our financial position, business strategy and other plans and objectives for future operations. Forward-looking statements include those containing such words as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “forecasts,” “outlook,” “plans,” “projects,” “should,” “targets,” “will,” or the negative of those words or other comparable terminology. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this quarterly report are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. Such statements are subject to a number of risks and uncertainties, many of which are beyond our control. You are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements as a result of various factors, including but not limited to those set forth under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2013. Such factors include, among others:

• the general economic conditions in markets and countries where we have operations;

• risks associated with our non-U.S. operations;

• our ability to implement and maintain sufficient internal controls;

• foreign currency exchange rate fluctuations;

• the competitive environment in which we operate;

• changes in the availability or cost of raw materials and energy;

• risks associated with our manufacturing activities;

• our ability to meet quality standards;

• our ability to protect our trade names;

• violations of laws and regulations;

• the impact of environmental issues and changes in environmental laws and regulations;

• our ability to successfully execute and integrate acquisitions;

• comparability of our specified scaled disclosure requirements applicable to emerging growth companies;

• labor disturbances, including any resulting from suspension or termination of our collective bargaining agreements;

• our significant indebtedness;

• covenant restrictions;

• the interests of our principal equity holder may not be aligned with the holders of our 9.50% Senior Notes; and

• credit-rating downgrades.

Any forward-looking statements that we make in this quarterly report speak only as of the date of such statement and we undertake no obligation to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

19

Non-GAAP Financial Measures

Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This MD&A includes various financial measures that have not been calculated in accordance with GAAP, commonly referred to as “Non-GAAP Financial Measures”. These Non-GAAP Financial Measures include:

• Adjusted EBITDA

• Net Debt

• Adjusted Working Capital

• Free Cash Flow

We provide Adjusted EBITDA as a means to enhance communication with security holders by providing additional information regarding our operating results. We use this Non-GAAP Financial Measure internally to evaluate our performance, allocate resources, calculate debt covenant ratios and for incentive compensation purposes. We believe that our presentation of this measure provides investors with greater transparency with respect to our results of operations, is required for debt covenant calculation purposes and is useful for peer and period-to-period comparisons of results considering our history of acquisitions.

We provide Net Debt, Adjusted Working Capital and Free Cash Flow as additional information regarding our liquidity. Management believes that Net Debt is meaningful to investors because management assesses our leverage position after factoring in restricted cash and available cash that could be used to repay outstanding debt. We believe that Adjusted Working Capital provides a meaningful measure of our efforts to reduce inventory and manage our customer collections and vendor payments. Management believes that the Free Cash Flow measure is meaningful to investors because it represents the cash flow we have available to pay down debt and/or invest for future growth. It is important to note that Free Cash Flow does not represent the residual cash flow available for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure.

These measures are not in accordance with, or an alternative to GAAP, and may be different from Non-GAAP Financial Measures used by other companies. These measures have important limitations as analytical tools and should not be considered in isolation, nor as a substitute for, or superior to, analysis of our results as reported under GAAP. We recommend that investors view these measures in conjunction with the GAAP measures included in this MD&A and have provided reconciliations of reported GAAP amounts to the Non-GAAP amounts.

First Quarter 2014 Highlights

The momentum from the latter half of 2013 continued into the first quarter of 2014. Net sales and Adjusted EBITDA improved 3% and 4%, respectively, from the fourth quarter of 2013 to the first quarter of 2014. In comparing the current quarter to the same period last year, our Adjusted EBITDA as a percentage of sales increased from 16.9% for the quarter ended March 31, 2013 to 17.3% for the quarter ended March 31, 2014. This growth was despite a decline in both net sales and Adjusted EBITDA in the first quarter of 2014 compared to the same period last year. Net sales were down primarily due to a decline in engineered product sales related to timing of projects and an out-of-period accounting error. For the three months ended March 31, 2014, we reported Adjusted EBITDA of $36.5 million and a net loss of less than $0.1 million, compared to Adjusted EBITDA of $37.6 million and a net loss of $11.4 million for the same period in 2013. The decrease in net loss of $11.3 million was primarily due to foreign currency exchange rate fluctuations. During the first quarter of 2013, we recorded $10.9 million of foreign currency exchange losses compared to $1.0 million of foreign currency exchange gains during the first quarter of 2014. The majority of the foreign currency exchange gain/loss activity is unrealized and relates to the revaluation of intercompany loans. For the definition of Adjusted EBITDA and formal reconciliation to net loss, see the section titled “Adjusted EBITDA”.

Recent Developments

On April 16, 2014, the Company acquired certain assets from Endenburg B.V., headquartered in Gouda, Holland. Endenburg supplied high quality hoisting and lifting gear including steel wire ropes, shackles and fiber ropes for maritime, offshore and industrial markets. This acquisition will allow us to reorganize the Gouda location into a new crane center. This new facility establishes a key central stocking location with good inland transportation routes near the Rotterdam Port, allowing us to provide quicker response times and higher service levels to our European and international customer base. The maritime, offshore and heavy lifting business activities will be served from our existing maritime focused facility in Dordrecht, Holland.

20

Consolidated Results of Operations

This section focuses on significant items that impacted our operating results for the three months ended March 31, 2014 compared to the three months ended March 31, 2013. Our results of operations have been converted to U.S. dollars from multiple currencies, which primarily include the euro, the Mexican peso and the Polish złoty. Our revenues and certain expenses are affected by fluctuations in the value of the U.S. dollar against these local currencies. The results of operations for any quarter are not necessarily indicative of the results to be expected for other periods or the full fiscal year.

Three months ended March 31, 2014 compared to three months ended March 31, 2013

The following table presents selected consolidated financial data for the three months ended March 31, 2014 and 2013:

	Three months ended March 31,						Change
	2014			2013			Dollars			Percent
	(in thousands)
Net sales	$	210,502		$	222,643		$	(12,141	)	5.5	%
Gross profit	53,306			54,626			(1,320		)	2.4	%
Other operating expenses	(34,538		)	(36,207		)	1,669			4.6	%
Other expense, net	(18,153		)	(31,227		)	13,074			41.9	%
Income tax benefit (expense)	(658		)	1,439			(2,097		)	NM
Net loss	$	(43	)	$	(11,369	)	$	11,326		NM
Gross profit as % of net sales	25.3		%	24.5		%
Other operating expenses as % of net sales	16.4		%	16.3		%

NM = Not Meaningful

Net sales

Our consolidated net sales decreased $12.1 million, or 5.5%, during the quarter ended March 31, 2014 as compared to the same period in 2013. The principal driver of this decline related to engineered products, which declined $12.8 million. Foreign currency exchange rate fluctuations contributed to an increase in sales of $3.4 million.

Rope sales for the quarter decreased $3.3 million. Increased sales in our fishing and maritime end markets were offset by declines in industrial and infrastructure, structures and mining end markets. Fishing sales increased $4.0 million quarter-over-quarter primarily due to improving market conditions. We saw a higher volume of purchases from our traditional customer base, growth from innovation in our netting product offerings, and expanded share in South American aquaculture farms. Maritime sales increased $2.2 million due to growth in new vessel build orders in the first quarter of 2014 compared to the first quarter of 2013.

Sales to industrial and infrastructure markets utilizing our crane ropes declined $3.8 million. We saw improvement in our crane rope sales this quarter compared to the second, third and fourth quarters in 2013, but were below the first quarter of 2013 largely driven by lower sales into Europe. The new crane center in Gouda is expected to make a contribution to sales in the latter half of 2014. Sales in our structures end markets were $2.4 million lower than first quarter of 2013 due to the postponement of various bridge projects. Due to the continued pressure on commodity prices and resulting overall level of spending from mining operators, sales to the mining end market declined $3.3 million versus the first quarter of 2013.

Our total oil and gas rope sales were relatively flat quarter-over-quarter. Onshore oil and gas sales increased quarter-over-quarter. We have added new customers both in North America and international markets. We also have benefited from improving rig count. According to Baker Hughes, the average rig count for the first quarter of 2014 was 2,307 compared to 2,295 in the first quarter of 2013. Gains in our onshore oil and gas sales were offset by decreases in oilfield exploration sales primarily due to fewer orders. Our offshore and EMC rope sales remained generally flat quarter-over-quarter.

Specialty wire sales did not significantly change for the three months ended March 31, 2014 compared to the same period last year. We have not seen a material improvement in the market conditions in Mexican infrastructure projects, which impacted performance of our wire sales in 2013.

Sales of engineered products decreased approximately $12.8 million. Of this decline, $5.8 million related to revenue that was recognized out-of-period and adjusted for in the second quarter of 2013. We improperly used the percentage-of-completion

21

method of accounting, which resulted in recognizing revenue earlier than if we had not applied the method. The timing of projects in the first quarter of 2014 compared to the same period in the prior year resulted in the remaining decline of sales. As engineered products are more project focused, sales fluctuations can be more volatile on a quarterly basis.

Gross profit

Gross profit declined $1.3 million, directly related to reduced sales, but gross profit as a percentage of sales (“gross margin”) increased from 24.5% for the three months ended March 31, 2013 to 25.3% for the three months ended March 31, 2014. Improved margin performance is primarily attributable to favorable product mix towards higher margin products, and cost management. For example, our rope products have higher margins than our engineered products, which declined $12.8 million for the three months ended March 31, 2014 compared to the same period in the prior year. We continue to streamline operations to improve processes and reduce costs.

Other operating expenses

	Three months ended March 31,						Change
	2014			2013			Dollars		Percent
	(in thousands)
Selling expenses	$	(11,001	)	$	(11,530	)	$	529	4.6	%
Administrative expenses	(20,390		)	(20,519		)	129		0.6	%
Amortization expense	(3,147		)	(4,158		)	1,011		24.3	%
Other operating expenses	$	(34,538	)	$	(36,207	)	$	1,669	4.6	%

Other operating expenses decreased $1.7 million, or 4.6%, for the three months ended March 31, 2014 compared to the same period in 2013. Overall, total other operating expenses as a percentage of net sales increased from 16.3% for the period ended March 31, 2013 to 16.4% for the period ended March 31, 2014. Foreign currency exchange rate fluctuations had no material impact on the change.

Administrative expenses decreased $0.1 million, or 0.6%, in the first quarter of 2014 as compared to the same period in 2013. Lower reorganization and restructuring charges of $1.0 million and consulting fees of $0.8 million, were partially offset by higher share-based compensation of $1.1 million due to grants of options and restricted stock awards and a non-cash impairment charge of $0.6 million in the first quarter of 2014 on an office building that will be abandoned instead of sold.

Amortization expense decreased $1.0 million, or 24.3%, primarily due to certain finite-lived intangible assets becoming fully amortized in the first quarter of 2014.

Other expense, net

Other expense is comprised of the following financial statement line items:

	Three months ended March 31,						Change
	2014			2013			Dollars		Percent
	(in thousands)
Interest expense, net	$	(19,858	)	$	(20,220	)	$	362	1.8	%
Foreign currency exchange gains (losses), net	950			(10,854		)	11,804		108.8	%
Other income (expense), net	755			(153		)	908		593.5	%
Total other expense, net	$	(18,153	)	$	(31,227	)	$	13,074	41.9	%

Other expense decreased by $13.1 million, or 41.9%, for the three months ended March 31, 2014 compared to the same period in 2013. This decline was primarily due to foreign currency exchange fluctuations. For the three months ended March 31, 2014, foreign currency exchange gains were $1.0 million compared to foreign currency exchange losses of $10.9 million for the same period in 2013. At March 31, 2014 and 2013, we had intercompany loans that required remeasurement in the aggregate amounts of $456.7 million and $489.1 million, respectively. Foreign currency exchange rates did not change materially from December 31, 2013. In the first quarter of 2013, the net foreign currency exchange losses were primarily due to the depreciation of the euro and the Polish zloty. These losses were partially offset by gains related to the appreciation of the Mexican peso.

22

Income tax expense/benefit

For the three months ended March 31, 2014, we recorded income tax expense of $0.7 million compared to an income tax benefit of $1.4 million for the three months ended March 31, 2013. The resulting effective tax rate for the first quarter of 2014 and 2013 was 107.0% and 11.2%, respectively. The Company's effective tax rate differs from the applicable statutory tax rate primarily due to a full valuation allowance on U.S. deferred tax assets, the mix of taxable income (loss) by jurisdiction, and the effects of foreign tax rate differential.

Adjusted EBITDA

Adjusted EBITDA is a Non-GAAP Financial Measure defined as net income (loss) plus, without duplication: interest expense, income tax expense (benefit), depreciation and amortization, as further adjusted by (i) all fees and costs incurred in connection with any merger, consolidation, acquisition or offering of debt or equity securities, (ii) realized and unrealized gains (losses) resulting from foreign currency transactions, (iii) payments of advisory fees pursuant to the Management Fee Letter with Paine & Partners, LLC, (iv) all amounts deducted in arriving at net income (loss) in respect of severance packages payable in connection with the termination of any officer, director or employee, (v) business optimization expenses and other reorganization or restructuring charges, reserves or expenses (which, for the avoidance of doubt, will include, without limitation, the effect of inventory optimization programs, plant closures, facility consolidations, retention, systems establishment costs (including costs of instituting systems and controls to comply with the Sarbanes-Oxley Act of 2002), contract termination costs, future lease commitments and excess pension charges), (vi) other expenses, such as share-based compensation expense and income or loss on our investments in joint ventures, and (vii) non-cash items increasing such consolidated net income, other than the accrual of revenue in the ordinary course of business. See the section entitled "Non-GAAP Financial Measures" for further information on our Non-GAAP measures.

The following is a reconciliation of net loss to Adjusted EBITDA:

	Three months ended March 31,
	2014			2013
	(in thousands)
Net loss (GAAP)	$	(43	)	$	(11,369	)
Plus:
Interest expense, net	19,858			20,220
Income tax expense (benefit)	658			(1,439		)
Depreciation and amortization	13,035			13,777
Foreign currency exchange losses (gains), net	(950		)	10,854
Share-based compensation	1,762			634
Other expense (income), net	(755		)	153
Acquisition costs	12			33
Purchase accounting (inventory step-up and other)	—			923
Advisory fees	952			1,037
Reorganization and restructuring charges	987			1,962
Non-cash impairment of fixed assets	598			—
Other adjustments	356			778
Adjusted EBITDA (Non-GAAP)	$	36,470		$	37,563		(a)

(a) Adjusted EBITDA for the three months ended March 31, 2013 is exclusive of an out-of-period accounting error. If we would have properly recorded the transaction, Adjusted EBITDA would have been $36.1 million. We use the percentage-of-completion method of accounting to recognize revenues and associated costs as work progresses for certain contracts. During the second quarter of 2013, we determined that certain projects, for which production occurred in the first quarter of 2013, did not meet the thresholds established to recognize revenue and costs using the percentage-of-completion method. As a result, we recorded an entry in the second quarter of 2013 that decreased Net sales and Cost of sales by $5.8 million and $4.3 million, respectively, to correct the untimely recognition of revenue and costs. This error was not material to the first quarter of 2013 and any previously reported periods.

23

LIQUIDITY AND CAPITAL RESOURCES

Overview

This quarter, we saw continued improvement in our initiatives to increase collection efforts on our accounts receivable, optimize inventory balances and negotiate payment terms with our suppliers. For the three months ended March 31, 2014, we generated cash flow from operating activities of $15.7 million. With regards to our deleveraging initiative, we reduced our borrowings outstanding under the Revolving Loan Facility by $13.5 million during the three months ended March 31, 2014.

Net Debt was $833.0 million and $845.3 million at March 31, 2014 and December 31, 2013, respectively. Our Net Leverage ratio was 6.03x at March 31, 2014, compared to 6.07x at December 31, 2013. Net Debt is a Non-GAAP Financial Measure defined as consolidated total debt at face value plus capital lease obligations less cash and cash equivalents and restricted cash. See the section entitled "Non-GAAP Financial Measures" for further information on our Non-GAAP Financial Measures. The following is a reconciliation of total debt to Net Debt.

	March 31, 2014			December 31, 2013
	(in thousands)
Borrowings under Revolving Loan Facility	$	18,500		$	32,000
Polish Debt due 2014	8,810			8,860
Term Loan due 2017	329,975			330,813
9.50% Senior Notes due 2017	425,000			425,000
11.75% Senior Notes due 2017	82,500			82,500
Other indebtedness	491			688
Capital lease obligations	3,659			3,333
Total debt at face value plus capital lease obligations (GAAP)	868,935			883,194
Less: Cash and cash equivalents	(33,373		)	(34,987		)
Less: Restricted cash	(2,551		)	(2,887		)
Net Debt (Non-GAAP)	$	833,011		$	845,320

Free Cash Flow	Three months ended March 31, 2014
	(in thousands)
Net cash provided by operating activities (GAAP)	$	15,650
Less: capital expenditures	(3,200		)
Plus: effect of exchange rates on cash and cash equivalents	46
Less: other items	(187		)
Free Cash Flow (Non-GAAP)	$	12,309

Free Cash Flow, a Non-GAAP Financial Measure, is defined as the change in Net Debt. See the section entitled "Non-GAAP Financial Measures" for further information on our Non-GAAP Financial Measures.

Adjusted Working Capital

Within our asset base, working capital management is our largest opportunity for cash generation. Adjusted Working Capital, a Non-GAAP Financial Measure defined as accounts receivable plus inventories less accounts payable, slightly increased from $300.6 million as of December 31, 2013 to $311.3 million as of March 31, 2014. The increase in Adjusted Working Capital is primarily due to a build in inventory in anticipation of second quarter sales. See the section entitled "Non-GAAP Financial Measures" for further information on our Non-GAAP Financial Measures.

24

The following is a reconciliation of Adjusted Working Capital to working capital:

	March 31, 2014			December 31, 2013
	(in thousands)
Accounts receivable	$	160,427		$	148,564
Inventories	239,831			228,245
Accounts payable	(88,950		)	(76,181		)
Adjusted Working Capital (Non-GAAP)	311,308			300,628
Plus: All other current assets	62,770			55,999
Less: All other current liabilities	(71,603		)	(56,539		)
Working capital (GAAP)	$	302,475		$	300,088

Available Liquidity

Our principal sources of liquidity consist of cash from operations and borrowings under our Revolving Loan Facility. Our principal uses of cash are to support operations and service our debt. Our liquidity is influenced by many factors, including the amount and timing of cash collections from our customers and fluctuations in the cost of our raw materials.

Total available liquidity, defined as availability under our Revolving Loan Facility plus cash and cash equivalents, was $153.2 million at March 31, 2014. Availability under the Revolving Loan Facility is based upon the maximum borrowing capacity of $145.0 million, less outstanding borrowings, letters of credit and further restricted by certain covenants in our credit agreements. We had borrowed $18.5 million under the Revolving Loan Facility at March 31, 2014.

We reinvest the earnings of substantially all of our non-U.S. subsidiaries in those respective operations. The foreign operating subsidiaries use cash generated from earnings to fund working capital, invest in capital expenditures and service interest and principal payments on intercompany debt. Our outstanding debt is primarily issued by the U.S. operating subsidiary and there are intercompany loans within the corporate legal structure that are paid with earnings from the operating subsidiaries in foreign jurisdictions to provide liquidity in the U.S. for interest and principal payments on our outstanding debt. Of the consolidated cash and cash equivalents balance of $33.4 million at March 31, 2014, cash and cash equivalents held in foreign countries were $29.6 million, of which $6.3 million was in U.S. dollars. The cash balances in currencies other than the U.S. dollar are primarily in the euro, the Mexican peso and the Polish złoty, all of which can be readily converted to U.S. dollars.

Based on our current assessment of our operating plan, we believe that cash flow from operations, cash and cash equivalents and availability under our Revolving Loan Facility will be adequate to fund anticipated operating, capital and debt service requirements and other commitments over the next twelve months. However, there can be no assurance of the cost or availability of future borrowings, if any, under our credit facilities or in the debt markets.

Cash Flow Information

The following tables summarize our cash flows from operating, investing and financing activities for the three months ended March 31, 2014 and 2013, respectively.

	Three months ended March 31,
	2014			2013
	(in thousands)
Cash flows provided by (used in)
Operating activities	$	15,650		$	12,116
Investing activities	(3,200		)	(11,498		)
Financing activities	(14,110		)	(12,554		)
Effect of exchange rates on cash and cash equivalents	46			(1,005		)
Decrease in cash and cash equivalents	(1,614		)	(12,941		)
Cash and cash equivalents, beginning of period	34,987			49,244
Cash and cash equivalents, end of period	$	33,373		$	36,303

25

Cash from Operating Activities

	Three months ended March 31,
	2014			2013
	(in thousands)
Net loss	$	(43	)	$	(11,369	)
Adjustments to reconcile net loss to net cash provided by operating activities	16,827			27,095
Changes in assets and liabilities	(1,134		)	(3,610		)
Net cash provided by operating activities	$	15,650		$	12,116

Cash flow from operations increased over the prior period primarily due to higher cash earnings. Cash earnings is our net loss adjusted for non-cash items, such as depreciation and amortization among other reconciling items.

Cash from Investing Activities

	Three months ended March 31,
	2014			2013
	(in thousands)
Capital expenditures	$	(3,200	)	$	(11,464	)
Other investing activities	—			(34		)
Net cash used in investing activities	$	(3,200	)	$	(11,498	)

For the remainder of the year, we will continue to invest in capital expenditures, primarily in emerging markets. During the second quarter of 2014, we purchased certain assets from Endenburg B.V. for approximately $4.7 million. The assets acquired included: inventory, equipment and customer lists.

Cash from Financing Activities

	Three months ended March 31,
	2014			2013
	(in thousands)
Principal payments on long-term debt	$	(838	)	$	(9,368	)
Net repayments under revolving credit agreement	(13,500		)	(1,600		)
Repayments of short-term borrowings	—			(1,586		)
Other financing activities	228			—
Net cash used in financing activities	$	(14,110	)	$	(12,554	)

During the first quarter of 2014, we paid $14.3 million on our long-term debt, and we expect to continue to pay down our long-term debt balances. In the second quarter of 2014, we will make an excess cash flow payment of approximately $3.4 million on the Term Loan due 2014.

Long-term Debt

For a detailed discussion of our borrowings, see Note 8—“Borrowings” to our audited consolidated financial statements in Item 8, Financial Statements and Supplementary Data, of our annual report on Form 10-K for the year ended December 31, 2013.

Debt Covenant Compliance

As of March 31, 2014, we were in compliance with all restrictive and financial covenants associated with our borrowings. As defined in our respective credit agreements, the Senior Secured Net Leverage to Adjusted EBITDA ratio was 2.35x. The maximum Senior Secured Net Leverage Ratio was set at 3.50x of Acquisition Adjusted EBITDA, with more restricted step-downs thereafter to 3.25x effective December 31, 2014 and 3.00x effective June 30, 2016.

26

Contractual Obligations and Commitments

As of March 31, 2014, there have been no material changes in our contractual obligations and commitments from those reported in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of our annual report on Form 10-K for the year ended December 31, 2013.

Off-balance Sheet Arrangements

Our liquidity is not dependent on the use of off-balance sheet financing arrangements other than in connection with our operating leases, which have not materially changed from the disclosure in our annual report on Form 10-K for the year ended December 31, 2013. We also periodically maintain standby letters of credit for purchase of inventory, contract performance on certain sales contracts and other guarantees of our performance.

Critical Accounting Policies

A discussion of our critical accounting policies can be found in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of our annual report on Form 10-K for the year ended December 31, 2013. There have been no significant changes in our critical accounting policies since year-end.

Recently Issued Accounting Standards

None applicable.

Item 3.Quantitative and Qualitative Disclosures About Market Risk

There was no material change from the information included in Item 7A, Quantitative and Qualitative Disclosures about Market Risk, in our annual report on Form 10-K for the year ended December 31, 2013.

Item 4.Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures designed to provide reasonable assurance that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is recorded, processed, summarized and reported within the specified time periods and accumulated and communicated to our management, including our CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.

The Company's management, under the supervision and with the participation of our CEO and CFO, has evaluated the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d - 15(e) under the Exchange Act). Based on this evaluation, the Company's CEO and CFO concluded that, due to an unremediated material weakness in internal control over financial reporting in the areas of accounting for income taxes described below, the Company's disclosure controls and procedures were not effective.

The Company had a material weakness in internal control over financial reporting in the areas of accounting for income taxes for the years ended December 31, 2013 and 2012. Specifically, the Company did not maintain sufficient, effective controls over the preparation and review of income taxes related to the complete and accurate recording of the Company's tax provision, deferred tax balances (net of required valuation allowance) and uncertain tax positions.

The Company is continuing to implement remedial actions regarding the material weakness. In March 2014, the Company hired a Vice President of Tax and Treasury and is in the process of recruiting other key tax personnel. Our current remediation plan includes the following: (i) further investigate the root cause of the material weakness, (ii) design more detailed tax packages to gather tax provision information, (iii) schedule regular tax discussions with significant locations, (iv) provide training to significant locations and (v) review tax provision process documentation. Management anticipates the actions described above and the resulting improvements in controls will strengthen the Company's internal control over financial reporting and will, over time, address the related material weakness identified. However, the above material weakness will not be considered remediated until these improvements have been fully implemented and are operating effectively for an adequate period of time.

Notwithstanding the unremediated material weakness, management, including our CEO and CFO, believes the consolidated financial statements included in this quarterly report on Form 10-Q fairly represent in all material respects our financial condition, results of operations and cash flows at and for the periods presented in accordance with U.S. GAAP.

27

Changes in Internal Control over Financial Reporting

Other than the actions described above, there was no change in the Company's internal control over financial reporting that occurred during the Company's first quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1.Legal Proceedings

We are not a party to any material legal proceedings. From time to time, we are involved in routine litigation arising in the ordinary course of business, which is incidental to our operations. For further information required by this item, refer to Note 8—“Contingencies” to our unaudited interim consolidated financial statements included in Item 1 of this quarterly report.

Item 1A.Risk Factors

There have been no material changes in our Risk Factors from those disclosed in Item 1A, Risk Factors, in our annual report on Form 10-K for the year ended December 31, 2013.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3.     Defaults Upon Senior Securities

None.

Item 4.Mine Safety Disclosures

Not applicable.

Item 5.     Other Information

None.

28

Item 6. Exhibits

Exhibit No.	Description of Exhibits Filed with this Report
31.1	CEO Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	CFO Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	CEO Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	CFO Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB	XBRL Taxonomy Extension Labels Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

29

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			WireCo WorldGroup Inc.
			(Registrant)
Dated:	May 8, 2014	By:	/s/ Brian G. Block
			Brian G. Block
			Senior Vice President and Chief Financial Officer (Principal Financial Officer and Duly Authorized Signatory for Registrant)

30

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO 17 CFR 240.13(A)-14(A)

(SECTION 302 CERTIFICATION)

I, Christopher L. Ayers, certify that:

1. I have reviewed this quarterly report on Form 10-Q of WireCo WorldGroup Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-(f)) for the registrant, and have:

(a) Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

May 8, 2014	/s/ Christopher L. Ayers
	Christopher L. Ayers, President and Chief Executive Officer (Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO 17 CFR 240.13(A)-14(A)

(SECTION 302 CERTIFICATION)

I, Brian G. Block, certify that:

1. I have reviewed this quarterly report on Form 10-Q of WireCo WorldGroup Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant, as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-(f)) for the registrant, and have:

(a) Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

May 8, 2014	/s/ Brian G. Block
	Brian G. Block, Senior Vice President and Chief Financial Officer (Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-Q of WireCo WorldGroup Inc. (the “Company”) for the period ended March 31, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Christopher L. Ayers, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1 The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2 The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

May 8, 2014	/s/ Christopher L. Ayers
	Christopher L. Ayers, President and Chief Executive Officer (Principal Executive Officer)

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-Q of WireCo WorldGroup Inc. (the “Company”) for the period ended March 31, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Brian G. Block, Senior Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1 The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2 The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

May 8, 2014	/s/ Brian G. Block
	Brian G. Block, Senior Vice President and Chief Financial Officer (Principal Financial Officer)

XML

- Condensed Consolidating Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 33,373	$ 34,987	$ 36,303	$ 49,244
Restricted cash	2,551	2,887
Accounts receivable, less allowance for doubtful accounts of $3,207 and $3,458, at March 31, 2014 and December 31, 2013, respectively	160,427	148,564
Intercompany accounts receivable	0	0
Inventories, net	239,831	228,245
Current deferred income tax assets	7,214	5,468
Prepaid expenses and other current assets	19,632	12,657
Total current assets	463,028	432,808
Long-term intercompany notes receivable	0	0
Property, plant and equipment, less accumulated depreciation of $168,725 and $163,250, at March 31, 2014 and December 31, 2013, respectively	359,264	366,338
Intangible assets, net	145,634	150,287
Goodwill	197,049	198,329
Investments in subsidiaries	0	0
Deferred financing fees, net	20,946	22,702
Non-current deferred income tax assets	1,513	8,078
Other non-current assets	16,451	20,673
Total assets	1,203,885	1,199,215
Current liabilities:
Current maturities of long-term debt	15,030	14,933
Interest payable	19,045	6,731
Accounts payable	88,950	76,181
Accrued compensation and benefits	23,379	17,873
Intercompany accounts payable	0	0
Current deferred income tax liabilities	2,063	742
Other current liabilities	12,086	16,260
Total current liabilities	160,553	132,720
Long-term debt, excluding current maturities	848,138	862,492
Long-term intercompany notes payable	0	0
Non-current deferred income tax liabilities	68,827	75,763
Other non-current liabilities	31,280	32,007
Total liabilities	1,108,798	1,102,982
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	96,591	97,326
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Non-controlling interests	(1,504)	(1,093)
Total stockholders’ equity	95,087	96,233
Total liabilities and stockholders’ equity	1,203,885	1,199,215
Elimination Adjustments
Current assets:
Cash and cash equivalents	0	0	0	0
Restricted cash	0	0
Accounts receivable, less allowance for doubtful accounts of $3,207 and $3,458, at March 31, 2014 and December 31, 2013, respectively	0	0
Intercompany accounts receivable	(195,633)	(205,976)
Inventories, net	0	0
Current deferred income tax assets	0	0
Prepaid expenses and other current assets	0	6,034
Total current assets	(195,633)	(199,942)
Long-term intercompany notes receivable	(473,218)	(482,464)
Property, plant and equipment, less accumulated depreciation of $168,725 and $163,250, at March 31, 2014 and December 31, 2013, respectively	0	0
Intangible assets, net	0	0
Goodwill	0	0
Investments in subsidiaries	(124,487)	(209,197)
Deferred financing fees, net	0	0
Non-current deferred income tax assets	0	0
Other non-current assets	0	0
Total assets	(793,338)	(891,603)
Current liabilities:
Current maturities of long-term debt	0	0
Interest payable	0	0
Accounts payable	0	0
Accrued compensation and benefits	(199)	0
Intercompany accounts payable	(195,342)	(140,038)
Current deferred income tax liabilities	0	351
Other current liabilities	(18)	(60,071)
Total current liabilities	(195,559)	(199,758)
Long-term debt, excluding current maturities	0	0
Long-term intercompany notes payable	(473,197)	(481,478)
Non-current deferred income tax liabilities	0
Other non-current liabilities	0
Total liabilities	(668,756)
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	(127,052)
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Non-controlling interests	2,470
Total stockholders’ equity	(124,582)
Total liabilities and stockholders’ equity	(793,338)
Consolidation, Eliminations [Member]
Current liabilities:
Non-current deferred income tax liabilities		0
Other non-current liabilities		(966)
Total liabilities		(682,202)
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.		(208,087)
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Non-controlling interests		(1,314)
Total stockholders’ equity		(209,401)
Total liabilities and stockholders’ equity		(891,603)
WireCo WorldGroup (Cayman) Inc. (Parent)
Current assets:
Cash and cash equivalents	280	53	18	34
Restricted cash	0	0
Accounts receivable, less allowance for doubtful accounts of $3,207 and $3,458, at March 31, 2014 and December 31, 2013, respectively	0	0
Intercompany accounts receivable	22,482	20,871
Inventories, net	0	0
Current deferred income tax assets	0	0
Prepaid expenses and other current assets	0	0
Total current assets	22,762	20,924
Long-term intercompany notes receivable	0	0
Property, plant and equipment, less accumulated depreciation of $168,725 and $163,250, at March 31, 2014 and December 31, 2013, respectively	0	0
Intangible assets, net	0	0
Goodwill	0	0
Investments in subsidiaries	80,538	83,430
Deferred financing fees, net	0	0
Non-current deferred income tax assets	0	0
Other non-current assets	0	0
Total assets	103,300	104,354
Current liabilities:
Current maturities of long-term debt	0	0
Interest payable	0	0
Accounts payable	0	0
Accrued compensation and benefits	0	0
Intercompany accounts payable	1,513	1,412
Current deferred income tax liabilities	0	0
Other current liabilities	(1)	9
Total current liabilities	1,512	1,421
Long-term debt, excluding current maturities	0	0
Long-term intercompany notes payable	6,701	6,700
Non-current deferred income tax liabilities	0	0
Other non-current liabilities	0	0
Total liabilities	8,213	8,121
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	96,591	97,326
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Non-controlling interests	(1,504)	(1,093)
Total stockholders’ equity	95,087	96,233
Total liabilities and stockholders’ equity	103,300	104,354
WireCo WorldGroup Inc. (Issuer)
Current assets:
Cash and cash equivalents	3,500	2,564	4,999	2,867
Restricted cash	0	0
Accounts receivable, less allowance for doubtful accounts of $3,207 and $3,458, at March 31, 2014 and December 31, 2013, respectively	44,409	38,891
Intercompany accounts receivable	42,597	53,444
Inventories, net	77,467	79,017
Current deferred income tax assets	3,139	3,139
Prepaid expenses and other current assets	3,528	2,218
Total current assets	174,640	179,273
Long-term intercompany notes receivable	464,462	477,637
Property, plant and equipment, less accumulated depreciation of $168,725 and $163,250, at March 31, 2014 and December 31, 2013, respectively	57,311	59,065
Intangible assets, net	36,624	37,090
Goodwill	117,124	117,124
Investments in subsidiaries	0	0
Deferred financing fees, net	20,946	22,702
Non-current deferred income tax assets	(4,798)	0
Other non-current assets	153	201
Total assets	866,462	893,092
Current liabilities:
Current maturities of long-term debt	6,710	6,710
Interest payable	18,896	6,604
Accounts payable	13,882	14,552
Accrued compensation and benefits	6,058	7,907
Intercompany accounts payable	76,875	84,495
Current deferred income tax liabilities	0	0
Other current liabilities	2,585	1,886
Total current liabilities	125,006	122,154
Long-term debt, excluding current maturities	847,747	861,948
Long-term intercompany notes payable	0	0
Non-current deferred income tax liabilities	1,920	6,717
Other non-current liabilities	7,353	7,477
Total liabilities	982,026	998,296
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	(111,730)	(105,204)
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Non-controlling interests	(3,834)	0
Total stockholders’ equity	(115,564)	(105,204)
Total liabilities and stockholders’ equity	866,462	893,092
Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	20,032	11,798	24,004	26,980
Restricted cash	2,551	2,887
Accounts receivable, less allowance for doubtful accounts of $3,207 and $3,458, at March 31, 2014 and December 31, 2013, respectively	90,449	87,234
Intercompany accounts receivable	125,325	131,716
Inventories, net	131,152	121,913
Current deferred income tax assets	3,929	2,185
Prepaid expenses and other current assets	14,307	4,016
Total current assets	387,745	361,749
Long-term intercompany notes receivable	4,826	4,827
Property, plant and equipment, less accumulated depreciation of $168,725 and $163,250, at March 31, 2014 and December 31, 2013, respectively	254,563	258,580
Intangible assets, net	84,239	86,555
Goodwill	55,732	55,749
Investments in subsidiaries	38,087	125,767
Deferred financing fees, net	0	0
Non-current deferred income tax assets	5,392	7,175
Other non-current assets	16,291	17,273
Total assets	846,875	917,675
Current liabilities:
Current maturities of long-term debt	8,320	8,223
Interest payable	139	124
Accounts payable	55,035	45,695
Accrued compensation and benefits	14,419	9,622
Intercompany accounts payable	40,590	49,713
Current deferred income tax liabilities	313	(33)
Other current liabilities	6,770	351
Total current liabilities	125,586	113,695
Long-term debt, excluding current maturities	391	544
Long-term intercompany notes payable	459,059	472,165
Non-current deferred income tax liabilities	56,336	56,670
Other non-current liabilities	21,998	22,618
Total liabilities	663,370	665,692
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	185,009	253,076
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Non-controlling interests	(1,504)	(1,093)
Total stockholders’ equity	183,505	251,983
Total liabilities and stockholders’ equity	846,875	917,675
Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	9,561	20,572	7,282	19,363
Restricted cash	0	0
Accounts receivable, less allowance for doubtful accounts of $3,207 and $3,458, at March 31, 2014 and December 31, 2013, respectively	25,569	22,439
Intercompany accounts receivable	5,229	(55)
Inventories, net	31,212	27,315
Current deferred income tax assets	146	144
Prepaid expenses and other current assets	1,797	389
Total current assets	73,514	70,804
Long-term intercompany notes receivable	3,930	0
Property, plant and equipment, less accumulated depreciation of $168,725 and $163,250, at March 31, 2014 and December 31, 2013, respectively	47,390	48,693
Intangible assets, net	24,771	26,642
Goodwill	24,193	25,456
Investments in subsidiaries	5,862	0
Deferred financing fees, net	0	0
Non-current deferred income tax assets	919	903
Other non-current assets	7	3,199
Total assets	180,586	175,697
Current liabilities:
Current maturities of long-term debt	0	0
Interest payable	10	3
Accounts payable	20,033	15,934
Accrued compensation and benefits	3,101	344
Intercompany accounts payable	76,364	4,418
Current deferred income tax liabilities	1,750	424
Other current liabilities	2,750	74,085
Total current liabilities	104,008	95,208
Long-term debt, excluding current maturities	0	0
Long-term intercompany notes payable	7,437	2,613
Non-current deferred income tax liabilities	10,571	12,376
Other non-current liabilities	1,929	2,878
Total liabilities	123,945	113,075
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	53,773	60,215
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Non-controlling interests	2,868	2,407
Total stockholders’ equity	56,641	62,622
Total liabilities and stockholders’ equity	$ 180,586	$ 175,697

XML

Borrowings - Interest Expense (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Interest Expense
Interest on long-term debt	$ 18,045	$ 18,233
Amortization of debt issuance costs, discounts and premium	2,078	2,159
Capitalized interest	(247)	(275)
Other	(18)	103
Interest expense, net	$ 19,858	$ 20,220

XML

Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2014

Condensed Consolidating Financial Statements [Abstract]

Condesnsed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

	March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Elimination Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	280		$	3,500		$	20,032	$	9,561	$	—		$	33,373
Restricted cash	—			—			2,551		—		—			2,551
Accounts receivable, net	—			44,409			90,449		25,569		—			160,427
Intercompany accounts receivable	22,482			42,597			125,325		5,229		(195,633		)	—
Inventories, net	—			77,467			131,152		31,212		—			239,831
Current deferred income tax assets	—			3,139			3,929		146		—			7,214
Prepaid expenses and other current assets	—			3,528			14,307		1,797		—			19,632
Total current assets	$	22,762		$	174,640		$	387,745	$	73,514	$	(195,633	)	$	463,028
Long-term intercompany notes receivable	—			464,462			4,826		3,930		(473,218		)	—
Property, plant and equipment, net	—			57,311			254,563		47,390		—			359,264
Intangible assets, net	—			36,624			84,239		24,771		—			145,634
Goodwill	—			117,124			55,732		24,193		—			197,049
Investments in subsidiaries	80,538			—			38,087		5,862		(124,487		)	—
Deferred financing fees, net	—			20,946			—		—		—			20,946
Non-current deferred income tax assets	—			(4,798		)	5,392		919		—			1,513
Other non-current assets	—			153			16,291		7		—			16,451
Total assets	$	103,300		$	866,462		$	846,875	$	180,586	$	(793,338	)	$	1,203,885
Liabilities and Stockholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	6,710		$	8,320	$	—	$	—		$	15,030
Interest payable	—			18,896			139		10		—			19,045
Accounts payable	—			13,882			55,035		20,033		—			88,950
Accrued compensation and benefits	—			6,058			14,419		3,101		(199		)	23,379
Intercompany accounts payable	1,513			76,875			40,590		76,364		(195,342		)	—
Current deferred income tax liabilities	—			—			313		1,750		—			2,063
Other current liabilities	(1		)	2,585			6,770		2,750		(18		)	12,086
Total current liabilities	$	1,512		$	125,006		$	125,586	$	104,008	$	(195,559	)	$	160,553
Long-term debt, excluding current maturities	—			847,747			391		—		—			848,138

Long-term intercompany notes payable	6,701			—			459,059			7,437		(473,197		)	—
Non-current deferred income tax liabilities	—			1,920			56,336			10,571		—			68,827
Other non-current liabilities	—			7,353			21,998			1,929		—			31,280
Total liabilities	$	8,213		$	982,026		$	663,370		$	123,945	$	(668,756	)	$	1,108,798
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	96,591			(111,730		)	185,009			53,773		(127,052		)	96,591
Non-controlling interests	(1,504		)	(3,834		)	(1,504		)	2,868		2,470			(1,504		)
Total stockholders’ equity	$	95,087		$	(115,564	)	$	183,505		$	56,641	$	(124,582	)	$	95,087
Total liabilities and stockholders’ equity	$	103,300		$	866,462		$	846,875		$	180,586	$	(793,338	)	$	1,203,885

	December 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)		WireCo WorldGroup Inc. (Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	53	$	2,564	$	11,798		$	20,572		$	—		$	34,987
Restricted cash	—		—		2,887			—			—			2,887
Accounts receivable, net	—		38,891		87,234			22,439			—			148,564
Intercompany accounts receivable	20,871		53,444		131,716			(55		)	(205,976		)	—
Inventories, net	—		79,017		121,913			27,315			—			228,245
Current deferred income tax assets	—		3,139		2,185			144			—			5,468
Prepaid expenses and other current assets	—		2,218		4,016			389			6,034			12,657
Total current assets	$	20,924	$	179,273	$	361,749		$	70,804		$	(199,942	)	$	432,808
Long-term intercompany notes receivable	—		477,637		4,827			—			(482,464		)	—
Property, plant and equipment, net	—		59,065		258,580			48,693			—			366,338
Intangible assets, net	—		37,090		86,555			26,642			—			150,287
Goodwill	—		117,124		55,749			25,456			—			198,329
Investment in subsidiaries	83,430		—		125,767			—			(209,197		)	—
Deferred financing fees, net	—		22,702		—			—			—			22,702
Non-current deferred income tax assets	—		—		7,175			903			—			8,078
Other non-current assets	—		201		17,273			3,199			—			20,673
Total assets	$	104,354	$	893,092	$	917,675		$	175,697		$	(891,603	)	$	1,199,215
Liabilities and Stockholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	—	$	6,710	$	8,223		$	—		$	—		$	14,933
Interest payable	—		6,604		124			3			—			6,731
Accounts payable	—		14,552		45,695			15,934			—			76,181
Accrued compensation and benefits	—		7,907		9,622			344			—			17,873
Intercompany accounts payable	1,412		84,495		49,713			4,418			(140,038		)	—
Current deferred income tax liabilities	—		—		(33		)	424			351			742
Other current liabilities	9		1,886		351			74,085			(60,071		)	16,260
Total current liabilities	$	1,421	$	122,154	$	113,695		$	95,208		$	(199,758	)	$	132,720
Long-term debt, excluding current maturities	—		861,948		544			—			—			862,492
Long-term intercompany notes payable	6,700		—		472,165			2,613			(481,478		)	—

Non-current deferred income tax liabilities	—			6,717			56,670			12,376		—			75,763
Other non-current liabilities	—			7,477			22,618			2,878		(966		)	32,007
Total liabilities	$	8,121		$	998,296		$	665,692		$	113,075	$	(682,202	)	$	1,102,982
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	97,326			(105,204		)	253,076			60,215		(208,087		)	97,326
Non-controlling interests	(1,093		)	—			(1,093		)	2,407		(1,314		)	(1,093		)
Total stockholders’ equity	$	96,233		$	(105,204	)	$	251,983		$	62,622	$	(209,401	)	$	96,233
Total liabilities and stockholders’ equity	$	104,354		$	893,092		$	917,675		$	175,697	$	(891,603	)	$	1,199,215

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)

	Three months ended March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net sales	$	—		$	72,224		$	123,462		$	39,529		$	(24,713	)	$	210,502
Cost of sales	—			(55,854		)	(95,474		)	(30,634		)	24,766			(157,196		)
Gross profit	—			16,370			27,988			8,895			53			53,306
Other operating expenses:
Selling expenses	—			(2,921		)	(4,990		)	(3,090		)	—			(11,001		)
Administrative expenses	(144		)	(12,433		)	(6,832		)	(1,181		)	200			(20,390		)
Amortization expense	—			(466		)	(2,378		)	(303		)	—			(3,147		)
Total other operating expenses	(144		)	(15,820		)	(14,200		)	(4,574		)	200			(34,538		)
Operating income (loss)	(144		)	550			13,788			4,321			253			18,768
Other income (expense):
Interest income (expense), net	(101		)	(10,977		)	(8,917		)	137			—			(19,858		)
Equity income (losses) from subsidiaries	(264		)	—			(5,354		)	439			5,179			—
Foreign currency exchange gains (losses), net	—			(21		)	(228		)	1,199			—			950
Other income (expense), net	—			(9		)	735			29			—			755
Total other income (expense), net	(365		)	(11,007		)	(13,764		)	1,804			5,179			(18,153		)
Income (loss) before income taxes	(509		)	(10,457		)	24			6,125			5,432			615
Income tax expense	—			(24		)	(607		)	(175		)	148			(658		)
Net income (loss)	(509		)	(10,481		)	(583		)	5,950			5,580			(43		)
Less: Net income (loss) attributable to non-controlling interests	—			(346		)	(5		)	838			—			487
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(509		)	(10,135		)	(578		)	5,112			5,580			(530		)
Comprehensive income (loss)	$	(3,137	)	$	(10,481	)	$	2,511		$	—		$	7,970		(3,137		)

	Three months ended March 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net sales	$	—		$	79,542		$	130,340		$	42,221		$	(29,460	)	$	222,643
Cost of sales	—			(61,650		)	(101,258		)	(34,852		)	29,743			(168,017		)
Gross profit	—			17,892			29,082			7,369			283			54,626
Other operating expenses:
Selling expenses	—			(3,413		)	(5,767		)	(2,350		)	—			(11,530		)
Administrative expenses	(75		)	(9,946		)	(8,893		)	(1,605		)	—			(20,519		)
Amortization expense	—			(1,432		)	(2,196		)	(530		)	—			(4,158		)
Total other operating expenses	(75		)	(14,791		)	(16,856		)	(4,485		)	—			(36,207		)
Operating income (loss)	(75		)	3,101			12,226			2,884			283			18,419
Other income (expense):
Interest expense, net	(101		)	(10,921		)	(9,075		)	(123		)	—			(20,220		)
Equity income (losses) from subsidiaries	(11,427		)	—			6,506			—			4,921			—
Foreign currency exchange gains (losses), net	—			206			(11,296		)	236			—			(10,854		)
Other income (expense), net	—			(173		)	18			2			—			(153		)
Other income (expense), net	(11,528		)	(10,888		)	(13,847		)	115			4,921			(31,227		)
Income (loss) before income taxes	(11,603		)	(7,787		)	(1,621		)	2,999			5,204			(12,808		)
Income tax benefit (expense)	—			(123		)	1,451			111			—			1,439
Net income (loss)	(11,603		)	(7,910		)	(170		)	3,110			5,204			(11,369		)
Less: Net income (loss) attributable to non-controlling interests	—			—			(262		)	496			—			234
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(11,603		)	(7,910		)	92			2,614			5,204			(11,603		)
Comprehensive income (loss)	$	(11,927	)	$	(7,910	)	$	(728	)	$	17,394		$	(5,642	)	$	(11,927	)

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

	Three months ended March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(1	)	$	3,147		$	22,887		$	(10,383	)	$	—		$	15,650
Cash flows from investing activities:
Capital expenditures	—			(1,048		)	(1,441		)	(711		)	—			(3,200		)
Repayments from intercompany loans	—			13,175			—			—			(13,175		)	—
Net cash provided by (used in) investing activities	—			12,127			(1,441		)	(711		)	(13,175		)	(3,200		)
Cash flows from financing activities:
Principal payments on long-term debt	—			(838		)	—			—			—			(838		)
Borrowings under revolving credit agreement	—			33,400			—			—			—			33,400
Repayments under revolving credit agreement	—			(46,900		)	—			—			—			(46,900		)
Repayments of intercompany loans	—			—			(13,175		)	—			13,175			—
Other financing activities	228			—			—			—			—			228
Net cash provided by (used in) financing activities	228			(14,338		)	(13,175		)	—			13,175			(14,110		)
Effect of exchange rates on cash and cash equivalents	—			—			(37		)	83			—			46
Increase (decrease) in cash and cash equivalents	227			936			8,234			(11,011		)	—			(1,614		)
Cash and cash equivalents, beginning of period	53			2,564			11,798			20,572			—			34,987
Cash and cash equivalents, end of period	$	280		$	3,500		$	20,032		$	9,561		$	—		$	33,373

	Three months ended March 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(16	)	$	6,367		$	9,986		$	(4,221	)	$	—		$	12,116
Cash flows from investing activities:
Capital expenditures	—			(1,446		)	(8,983		)	(1,035		)	—			(11,464		)
Other investing activities	—			(34		)	—			—			—			(34		)
Disbursements of intercompany loans	—			(317		)	—			(952		)	1,269			—
Intercompany dividends received	—			—			4,008			—			(4,008		)	—
Net cash used in investing activities	—			(1,797		)	(4,975		)	(1,987		)	(2,739		)	(11,498		)
Cash flows from financing activities:
Principal payments on long-term debt	—			(838		)	(8,530		)	—			—			(9,368		)
Borrowings under revolving credit agreement	—			31,250			—			—			—			31,250
Repayments under revolving credit agreement	—			(32,850		)	—			—			—			(32,850		)
Repayments of short-term borrowings	—			—			—			(1,586		)	—			(1,586		)
Proceeds from intercompany loans	—			—			952			317			(1,269		)	—
Intercompany dividends paid	—			—			—			(4,008		)	4,008			—
Net cash provided by (used in) financing activities	—			(2,438		)	(7,578		)	(5,277		)	2,739			(12,554		)
Effect of exchange rates on cash and cash equivalents	—			—			(409		)	(596		)	—			(1,005		)
Increase (decrease) in cash and cash equivalents	(16		)	2,132			(2,976		)	(12,081		)	—			(12,941		)
Cash and cash equivalents, beginning of period	34			2,867			26,980			19,363			—			49,244
Cash and cash equivalents, end of period	$	18		$	4,999		$	24,004		$	7,282		$	—		$	36,303

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Segment Reporting (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014 Reportable_Segments Operating_segments	Mar. 31, 2013
Entity's Reportable Segments
Number of Operating Segments	1
Number of Reportable Segments	1
Concentration Risk [Line Items]
Total net sales	$ 210,502	$ 222,643
Product Concentration Risk
Concentration Risk [Line Items]
Concentration Risk Percentage	100.00%	100.00%
Product Concentration Risk | Rope
Concentration Risk [Line Items]
Concentration Risk Percentage	76.00%	72.00%
Product Concentration Risk | Specialty Wire
Concentration Risk [Line Items]
Concentration Risk Percentage	16.00%	14.00%
Product Concentration Risk | Engineered Products
Concentration Risk [Line Items]
Concentration Risk Percentage	8.00%	14.00%
Product Line Net Sales
Concentration Risk [Line Items]
Total net sales	210,502	222,643
Product Line Net Sales | Rope
Concentration Risk [Line Items]
Total net sales	159,628	159,943
Product Line Net Sales | Specialty Wire
Concentration Risk [Line Items]
Total net sales	33,108	32,400
Product Line Net Sales | Engineered Products
Concentration Risk [Line Items]
Total net sales	$ 17,766	$ 30,300

XML

Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

The components of intangible assets were as follows as of the dates indicated:

	March 31, 2014							December 31, 2013
	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization			Net carrying amount
Finite-lived Assets
Customer relationships	$	131,212	$	(84,956	)	$	46,256	$	132,397	$	(82,569	)	$	49,828
Patented and unpatented technology	24,314		(9,921		)	14,393		24,320		(9,508		)	14,812
Other	7,138		(6,876		)	262		7,193		(6,966		)	227
Total finite-lived intangible assets	$	162,664	$	(101,753	)	$	60,911	$	163,910	$	(99,043	)	$	64,867

Using the exchange rates in effect at period end, estimated amortization of intangible assets as of March 31, 2014 was as follows:

Remainder of 2014	$	7,718
2015	10,199
2016	9,920
2017	8,127
2018	4,119
Thereafter	20,828
Total	$	60,911

Intangible assets with indefinite lives are not amortized. The carrying values of trade names as of March 31, 2014 and December 31, 2013 were $84,723 and $85,420, respectively.

The change in the carrying value of goodwill was as follows as of the dates indicated:

	Total
December 31, 2013	$	198,329
Foreign currency translation	(1,280		)
March 31, 2014	$	197,049

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Intangible Assets and Goodwill - Estimated Amortization Expense of Finite-Lived Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2014	$ 7,718
2015	10,199
2016	9,920
2017	8,127
2018	4,119
Thereafter	20,828
Net carrying amount	$ 60,911	$ 64,867

XML

Intangible Assets and Goodwill - Finite-lived Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 162,664	$ 163,910
Accumulated amortization	(101,753)	(99,043)
Net carrying amount	60,911	64,867
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	131,212	132,397
Accumulated amortization	(84,956)	(82,569)
Net carrying amount	46,256	49,828
Patented and unpatented technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	24,314	24,320
Accumulated amortization	(9,921)	(9,508)
Net carrying amount	14,393	14,812
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	7,138	7,193
Accumulated amortization	(6,876)	(6,966)
Net carrying amount	$ 262	$ 227

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Intangible Assets and Goodwill -Indefinite-Lived Intangible Assets (Details) (Trade names, USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 84,723	$ 85,420

XML

Intangible Assets and Goodwill - Goodwill (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014
Goodwill Rollforward
Beginning Balance	$ 198,329
Foreign currency translation	(1,280)
Ending Balance	$ 197,049

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Inventories, net

3 Months Ended

Mar. 31, 2014

Inventory Disclosure [Abstract]

Inventories, net

Inventories, net

The major classes of inventories were as follows as of the dates indicated:

	March 31, 2014		December 31, 2013
Raw materials, net	$	80,877	$	74,486
Work in process	21,066		18,612
Finished goods, net	137,888		135,147
Inventories, net	$	239,831	$	228,245

XML

Borrowings - Long Term Debt (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014 Borrowings under Revolving Loan Facility	Jul. 12, 2012 Borrowings under Revolving Loan Facility	Mar. 31, 2014 Term Loan due 2017	Mar. 31, 2014 Line of credit Borrowings under Revolving Loan Facility	Dec. 31, 2013 Line of credit Borrowings under Revolving Loan Facility	Mar. 31, 2014 Secured Debt Polish Debt due 2014	Dec. 31, 2013 Secured Debt Polish Debt due 2014	Mar. 31, 2014 Secured Debt Term Loan due 2017	Dec. 31, 2013 Secured Debt Term Loan due 2017	Mar. 31, 2014 Senior Notes 9.50% Senior Notes due 2017	Dec. 31, 2013 Senior Notes 9.50% Senior Notes due 2017	Mar. 31, 2014 Senior Notes 11.75% Senior Notes due 2017	Dec. 31, 2013 Senior Notes 11.75% Senior Notes due 2017	Mar. 31, 2014 Other indebtedness	Dec. 31, 2013 Other indebtedness
Debt Instrument
Total debt at face value	$ 865,276	$ 879,861				$ 18,500	$ 32,000	$ 8,810	$ 8,860	$ 329,975	$ 330,813	$ 425,000	$ 425,000	$ 82,500	$ 82,500	$ 491	$ 688
Less: Unamortized discount, net	(2,108)	(2,436)
Less: Current maturities of long-term debt	(15,030)	(14,933)
Total long-term debt	848,138	862,492
Maximum Borrowing Capacity				145,000
Line of Credit Facility, Remaining Borrowing Capacity			119,867
Letters of Credit Outstanding			$ 1,141
Line of Credit Facility, Interest Rate at Period End			5.62%
Term Loan, Interest Rate at Period End					6.00%

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- Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Gross profit
Net sales	$ 210,502	$ 222,643
Cost of sales	(157,196)	(168,017)
Gross profit	53,306	54,626
Other operating expenses:
Selling expenses	(11,001)	(11,530)
Administrative expenses	(20,390)	(20,519)
Amortization expense	(3,147)	(4,158)
Total other operating expenses	(34,538)	(36,207)
Operating income
Operating income (loss)	18,768	18,419
Other income (expense):
Interest expense, net	(19,858)	(20,220)
Equity earnings (losses) from subsidiaries	0	0
Foreign currency exchange gains (losses), net	950	(10,854)
Other income (expense), net	755	(153)
Total other income (expense), net	(18,153)	(31,227)
Income (loss) before income taxes
Income (loss) before income taxes	615	(12,808)
Net loss
Income tax benefit (expense)	(658)	1,439
Net loss	(43)	(11,369)
Net loss attributable to WireCo WorldGroup (Cayman) Inc.
Less: Net income attributable to non-controlling interests	487	234
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(530)	(11,603)
Comprehensive income (loss)	(3,137)	(11,927)
Elimination Adjustments
Gross profit
Net sales	(24,713)	(29,460)
Cost of sales	24,766	29,743
Gross profit	53	283
Other operating expenses:
Selling expenses	0	0
Administrative expenses	200	0
Amortization expense	0	0
Total other operating expenses	200	0
Operating income
Operating income (loss)	253	283
Other income (expense):
Interest expense, net	0	0
Equity earnings (losses) from subsidiaries	5,179	4,921
Foreign currency exchange gains (losses), net	0	0
Other income (expense), net	0	0
Total other income (expense), net	5,179	4,921
Income (loss) before income taxes
Income (loss) before income taxes	5,432	5,204
Net loss
Income tax benefit (expense)	148	0
Net loss	5,580	5,204
Net loss attributable to WireCo WorldGroup (Cayman) Inc.
Less: Net income attributable to non-controlling interests	0	0
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	5,580	5,204
Comprehensive income (loss)	7,970	(5,642)
WireCo WorldGroup (Cayman) Inc. (Parent)
Gross profit
Net sales	0	0
Cost of sales	0	0
Gross profit	0	0
Other operating expenses:
Selling expenses	0	0
Administrative expenses	(144)	(75)
Amortization expense	0	0
Total other operating expenses	(144)	(75)
Operating income
Operating income (loss)	(144)	(75)
Other income (expense):
Interest expense, net	(101)	(101)
Equity earnings (losses) from subsidiaries	(264)	(11,427)
Foreign currency exchange gains (losses), net	0	0
Other income (expense), net	0	0
Total other income (expense), net	(365)	(11,528)
Income (loss) before income taxes
Income (loss) before income taxes	(509)	(11,603)
Net loss
Income tax benefit (expense)	0	0
Net loss	(509)	(11,603)
Net loss attributable to WireCo WorldGroup (Cayman) Inc.
Less: Net income attributable to non-controlling interests	0	0
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(509)	(11,603)
Comprehensive income (loss)	(3,137)	(11,927)
WireCo WorldGroup Inc. (Issuer)
Gross profit
Net sales	72,224	79,542
Cost of sales	(55,854)	(61,650)
Gross profit	16,370	17,892
Other operating expenses:
Selling expenses	(2,921)	(3,413)
Administrative expenses	(12,433)	(9,946)
Amortization expense	(466)	(1,432)
Total other operating expenses	(15,820)	(14,791)
Operating income
Operating income (loss)	550	3,101
Other income (expense):
Interest expense, net	(10,977)	(10,921)
Equity earnings (losses) from subsidiaries	0	0
Foreign currency exchange gains (losses), net	(21)	206
Other income (expense), net	(9)	(173)
Total other income (expense), net	(11,007)	(10,888)
Income (loss) before income taxes
Income (loss) before income taxes	(10,457)	(7,787)
Net loss
Income tax benefit (expense)	(24)	(123)
Net loss	(10,481)	(7,910)
Net loss attributable to WireCo WorldGroup (Cayman) Inc.
Less: Net income attributable to non-controlling interests	(346)	0
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(10,135)	(7,910)
Comprehensive income (loss)	(10,481)	(7,910)
Guarantor Subsidiaries
Gross profit
Net sales	123,462	130,340
Cost of sales	(95,474)	(101,258)
Gross profit	27,988	29,082
Other operating expenses:
Selling expenses	(4,990)	(5,767)
Administrative expenses	(6,832)	(8,893)
Amortization expense	(2,378)	(2,196)
Total other operating expenses	(14,200)	(16,856)
Operating income
Operating income (loss)	13,788	12,226
Other income (expense):
Interest expense, net	(8,917)	(9,075)
Equity earnings (losses) from subsidiaries	(5,354)	6,506
Foreign currency exchange gains (losses), net	(228)	(11,296)
Other income (expense), net	735	18
Total other income (expense), net	(13,764)	(13,847)
Income (loss) before income taxes
Income (loss) before income taxes	24	(1,621)
Net loss
Income tax benefit (expense)	(607)	1,451
Net loss	(583)	(170)
Net loss attributable to WireCo WorldGroup (Cayman) Inc.
Less: Net income attributable to non-controlling interests	(5)	(262)
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(578)	92
Comprehensive income (loss)	2,511	(728)
Non-Guarantor Subsidiaries
Gross profit
Net sales	39,529	42,221
Cost of sales	(30,634)	(34,852)
Gross profit	8,895	7,369
Other operating expenses:
Selling expenses	(3,090)	(2,350)
Administrative expenses	(1,181)	(1,605)
Amortization expense	(303)	(530)
Total other operating expenses	(4,574)	(4,485)
Operating income
Operating income (loss)	4,321	2,884
Other income (expense):
Interest expense, net	137	(123)
Equity earnings (losses) from subsidiaries	439	0
Foreign currency exchange gains (losses), net	1,199	236
Other income (expense), net	29	2
Total other income (expense), net	1,804	115
Income (loss) before income taxes
Income (loss) before income taxes	6,125	2,999
Net loss
Income tax benefit (expense)	(175)	111
Net loss	5,950	3,110
Net loss attributable to WireCo WorldGroup (Cayman) Inc.
Less: Net income attributable to non-controlling interests	838	496
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	5,112	2,614
Comprehensive income (loss)	$ 0	$ 17,394

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Consolidated Balance Sheets (unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 33,373	$ 34,987
Restricted cash	2,551	2,887
Accounts receivable, less allowance for doubtful accounts of $3,207 and $3,458, at March 31, 2014 and December 31, 2013, respectively	160,427	148,564
Inventories, net	239,831	228,245
Current deferred income tax assets	7,214	5,468
Prepaid expenses and other current assets	19,632	12,657
Total current assets	463,028	432,808
Property, plant and equipment, less accumulated depreciation of $168,725 and $163,250, at March 31, 2014 and December 31, 2013, respectively	359,264	366,338
Intangible assets, net	145,634	150,287
Goodwill	197,049	198,329
Deferred financing fees, net	20,946	22,702
Non-current deferred income tax assets	1,513	8,078
Other non-current assets	16,451	20,673
Total assets	1,203,885	1,199,215
Current liabilities:
Current maturities of long-term debt	15,030	14,933
Interest payable	19,045	6,731
Accounts payable	88,950	76,181
Accrued compensation and benefits	23,379	17,873
Current deferred income tax liabilities	2,063	742
Other current liabilities	12,086	16,260
Total current liabilities	160,553	132,720
Long-term debt, excluding current maturities	848,138	862,492
Non-current deferred income tax liabilities	68,827	75,763
Other non-current liabilities	31,280	32,007
Total liabilities	1,108,798	1,102,982
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value. 3,000,000 shares authorized; 2,054,374 and 2,053,174 shares issued, respectively 2,005,205 and 2,004,005 shares outstanding, respectively	21	21
Additional paid-in capital	227,097	225,106
Accumulated other comprehensive loss	(20,723)	(18,527)
Accumulated deficit	(95,339)	(94,809)
Treasury stock, at cost. 49,169 shares at March 31, 2014 and December 31, 2013	(14,465)	(14,465)
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	96,591	97,326
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Non-controlling interests	(1,504)	(1,093)
Total stockholders’ equity	95,087	96,233
Total liabilities and stockholders’ equity	$ 1,203,885	$ 1,199,215

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Consolidated Statements of Cash Flows (unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net loss	$ (43)	$ (11,369)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	13,035	13,777
Amortization of debt issuance costs, discounts and premium	2,078	2,159
Share-based compensation	1,762	634
Other non-cash items	(287)	868
Unrealized foreign currency exchange losses, net	239	8,795
Provision for deferred income taxes	0	862
Changes in assets and liabilities:
Accounts receivable	(11,037)	(23,359)
Inventories	(11,382)	5,269
Prepaids and other assets	(3,895)	(7,171)
Interest payable	12,326	12,516
Accounts payable	12,611	1,677
Other accrued liabilities	243	7,458
Net cash provided by operating activities	15,650	12,116
Cash flows from investing activities:
Capital expenditures	(3,200)	(11,464)
Other investing activities	0	(34)
Net cash used in investing activities	(3,200)	(11,498)
Cash flows from financing activities:
Principal payments on long-term debt	(838)	(9,368)
Borrowings under revolving credit agreement	33,400	31,250
Repayments under revolving credit agreement	(46,900)	(32,850)
Repayments of short-term borrowings	0	(1,586)
Other financing activities	228	0
Net cash provided by (used in) financing activities	(14,110)	(12,554)
Effect of exchange rates on cash and cash equivalents	46	(1,005)
Decrease in cash and cash equivalents	(1,614)	(12,941)
Cash and cash equivalents, beginning of period	34,987	49,244
Cash and cash equivalents, end of period	33,373	36,303
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of interest capitalized	5,239	5,491
Cash paid for income taxes, net of refunds	$ 1,495	$ 1,700

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Restructuring (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014
Rollforward of Restructuring Activities
Balance at December 31, 2013	$ 2,812
Payments made in 2014	(1,005)
Balance at March 31, 2014	$ 1,807

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of the Carrying Amounts and Estimated Fair Values of the Company's Long-term Debt

The carrying amounts and estimated fair values of the Company’s long-term debt at March 31, 2014 were as follows:

	Carrying amount		Estimated fair value
Revolving Loan Facility	$	18,500	$	18,500
Term Loan due 2017	327,896		332,862
9.50% Senior Notes due 2017	425,561		437,750
11.75% Senior Notes due 2017	82,500		82,500

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Income Taxes (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]
Effective Income Tax Rate	107.00%	11.20%

XML

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Schedule of Product Information

The Company's net sales by product line for the periods presented was as follows:

	Three months ended March 31,
	2014				2013
Product line net sales	($)		(%)		($)		(%)
Rope	$	159,628	76	%	$	159,943	72	%
Specialty Wire	33,108		16	%	32,400		14	%
Engineered Products	17,766		8	%	30,300		14	%
	$	210,502	100	%	$	222,643	100	%

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Interim Financial Statement Presentation

3 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Interim Financial Statement Presentation

Interim Financial Statement Presentation

The financial information included in this quarterly report on Form 10-Q are those of WireCo WorldGroup (Cayman) Inc., its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest, including WireCo WorldGroup Inc. (collectively, the “Company”). The consolidated financial statements include the activity of Lankhorst Euronete - Indústria e Comércio Ltda and WireCo WorldGroup US Holdings, Inc., both indirect subsidiaries of the Company that are not wholly-owned, but over which the Company has control. The Company reports the non-controlling interests in these consolidated subsidiaries as a component of equity separate from the Company's equity. The Company's ownership interest in certain other entities are accounted for under the equity method and are not consolidated. All intercompany transactions and balances have been eliminated in consolidation.

The accompanying unaudited interim consolidated financial statements included herein have been prepared in United States ("U.S.") dollars and in accordance with U.S. generally accepted accounting principles (“GAAP”) by the Company without audit in accordance with the U.S. Securities and Exchange Commission (“SEC”) requirements for quarterly reports on Form 10-Q and, accordingly, do not include all of the annual disclosures required by GAAP. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s annual report on Form 10-K for the year ended December 31, 2013.

In the opinion of management, the unaudited interim consolidated financial statements reflect all normal, recurring adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented using management’s best estimates and assumptions where appropriate. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of certain assets, liabilities, revenue and expenses. Actual results could differ from those estimates. Certain reclassifications, not affecting net income, have been made to prior year amounts on the Consolidated Statement of Operations to conform to the current year presentation.

Out-of-period Errors

During the first quarter of 2014, the Company identified certain prior period accounting entries, which were not recorded in the proper functional currency. The Company corrected this error in the first quarter of 2014 resulting in an increase to Other Comprehensive Loss of $3,351 on the Consolidated Statement of Comprehensive Income (Loss). This error was not material to the first quarter of 2014 and any previously reported periods.

The Company uses the percentage-of-completion method of accounting to recognize revenues and associated costs as work progresses for certain contracts. During the second quarter of 2013, the Company determined that certain projects, for which production occurred in the first quarter of 2013, did not meet the thresholds established to recognize revenue and costs using the percentage-of-completion method. As a result, the Company recorded an entry in the second quarter of 2013 that decreased Net sales and Cost of sales by $5,776 and $4,340, respectively, to correct the untimely recognition of revenue and costs. This error was not material to the first quarter of 2013 and any previously reported periods.

Accounting Pronouncement Adopted During 2014

In July 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU 2013-11"). ASU 2013-11 requires the netting of unrecognized tax benefits against all same-jurisdiction deferred tax assets for a loss or other carryforward that would apply in settlement of the uncertain tax positions. The new guidance is effective for fiscal years, and interim periods therein, beginning after December 15, 2013. The Company adopted ASU 2013-11 prospectively on January 1, 2014, which only affected presentation on the Consolidated Balance Sheet. There was no impact on the Company's operating results.

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Consolidated Balance Sheets (unaudited) - Parenthetical (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Accounts receivable, less allowance for doubtful accounts	$ 3,207	$ 3,458
Property, plant and equipment, less accumulated depreciation	$ 168,725	$ 163,250
Common shares, $0.01 par value.	$ 0.01	$ 0.01
Common Shares, Shares authorized	3,000,000	3,000,000
Common Shares, shares issued	2,054,374	2,053,174
Common Shares, shares outstanding	2,005,205	2,004,005
Treasury shares, at cost	49,169	49,169

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Interim Financial Statement Presentation (Policies)

3 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Accounting Pronouncement Adopted During 2014

Accounting Pronouncement Adopted During 2014

In July 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU 2013-11"). ASU 2013-11 requires the netting of unrecognized tax benefits against all same-jurisdiction deferred tax assets for a loss or other carryforward that would apply in settlement of the uncertain tax positions. The new guidance is effective for fiscal years, and interim periods therein, beginning after December 15, 2013. The Company adopted ASU 2013-11 prospectively on January 1, 2014, which only affected presentation on the Consolidated Balance Sheet. There was no impact on the Company's operating results.

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Document and Entity Information	3 Months Ended
	Mar. 31, 2014	May 01, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	WireCo WorldGroup Inc.
Entity Central Key Index	0001522182
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Current Reporting Status	No
Entity Common Stock Shares Outstanding		100

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Income Taxes (Policies)

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Interim Income Tax Policy

The Company determines the interim tax provision by applying an estimate of the annual effective tax rate to the year-to-date pretax book income (loss) and adjusts for discrete items, if any, during the reporting period. Tax jurisdictions with losses for which tax benefits cannot be realized are excluded.

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Consolidated Statements of Operations (unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Gross profit
Net sales	$ 210,502	$ 222,643
Cost of sales	(157,196)	(168,017)
Gross profit	53,306	54,626
Other operating expenses:
Selling expenses	(11,001)	(11,530)
Administrative expenses	(20,390)	(20,519)
Amortization expense	(3,147)	(4,158)
Total other operating expenses	(34,538)	(36,207)
Operating income
Operating income	18,768	18,419
Other income (expense):
Interest expense, net	(19,858)	(20,220)
Foreign currency exchange gains (losses), net	950	(10,854)
Other income (expense), net	755	(153)
Total other expense, net	(18,153)	(31,227)
Income (loss) before income taxes
Income (loss) before income taxes	615	(12,808)
Net loss
Income tax benefit (expense)	(658)	1,439
Net loss	(43)	(11,369)
Net loss attributable to WireCo WorldGroup (Cayman) Inc.
Less: Net income attributable to non-controlling interests	487	234
Net loss attributable to WireCo WorldGroup (Cayman) Inc.	$ (530)	$ (11,603)

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Restructuring

3 Months Ended

Mar. 31, 2014

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

During 2013, the Company formalized a restructuring plan, which included changes in certain executive management positions and headcount reductions at certain manufacturing facilities as a result of lower than expected sales volumes. As a result of these actions, the Company recorded restructuring charges related to employee termination and related benefits in Administrative expenses in the consolidated statement of operations during the year ended December 31, 2013. The accrual balances are included in Other current liabilities on the consolidated balance sheets.

A rollforward of these restructuring activities is set forth below:

Balance at December 31, 2013	$	2,812
Payments made in 2014	(1,005		)
Balance at March 31, 2014	$	1,807

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Fair Value Measurements

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

The Company’s short-term financial instruments include cash and cash equivalents, accounts receivable, accounts payable and the Polish Debt due 2014. The carrying amounts reported on the consolidated balance sheets for these items approximate fair market value due to their relative short-term nature.

The carrying amounts and estimated fair values of the Company’s long-term debt at March 31, 2014 were as follows:

	Carrying amount		Estimated fair value
Revolving Loan Facility	$	18,500	$	18,500
Term Loan due 2017	327,896		332,862
9.50% Senior Notes due 2017	425,561		437,750
11.75% Senior Notes due 2017	82,500		82,500

As the Revolving Loan Facility is a revolving credit agreement, the carrying amount approximates fair value. The estimated fair value of the Term Loan due 2017 is based on rates currently available for obligations with similar terms and maturities (Level 2 inputs). The estimated fair value of the 9.50% Senior Notes is based on current market rates in inactive markets (Level 2 inputs) and the estimated fair value of the privately placed 11.75% Senior Notes is based on a model that incorporates assumptions a market participant would use in pricing the liability (Level 3 inputs).

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Restructuring (Tables)

3 Months Ended

Mar. 31, 2014

Restructuring and Related Activities [Abstract]

Rollforward of Restructuring Activities

A rollforward of these restructuring activities is set forth below:

Balance at December 31, 2013	$	2,812
Payments made in 2014	(1,005		)
Balance at March 31, 2014	$	1,807

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Inventories, net (Tables)

3 Months Ended

Mar. 31, 2014

Inventory Disclosure [Abstract]

Schedule of Inventories

The major classes of inventories were as follows as of the dates indicated:

	March 31, 2014		December 31, 2013
Raw materials, net	$	80,877	$	74,486
Work in process	21,066		18,612
Finished goods, net	137,888		135,147
Inventories, net	$	239,831	$	228,245

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Segment Reporting

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company reports the manufacturing, marketing, selling and distribution of wire and synthetic ropes, specialty wire and engineered products as one operating and one reportable segment. The Company's chief operating decision maker is its Chief Executive Officer, who reviews financial information on a consolidated basis for purposes of making operating decisions and assessing financial performance. The Company's net sales by product line for the periods presented was as follows:

	Three months ended March 31,
	2014				2013
Product line net sales	($)		(%)		($)		(%)
Rope	$	159,628	76	%	$	159,943	72	%
Specialty Wire	33,108		16	%	32,400		14	%
Engineered Products	17,766		8	%	30,300		14	%
	$	210,502	100	%	$	222,643	100	%

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Income Taxes

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company determines the interim tax provision by applying an estimate of the annual effective tax rate to the year-to-date pretax book income (loss) and adjusts for discrete items, if any, during the reporting period. Tax jurisdictions with losses for which tax benefits cannot be realized are excluded.

The effective income tax rate for the three months ended March 31, 2014 and March 31, 2013 was 107.0% and 11.2%, respectively. The Company's effective tax rate differs from the applicable statutory tax rate primarily due to a full valuation allowance on U.S. deferred tax assets, the mix of taxable income (loss) by jurisdiction, and the effects of foreign tax rate differential.

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Contingencies

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Contingencies

The Company is involved in various claims and legal actions arising in the ordinary course of business, which are incidental to its operations. Insurance coverage is maintained for certain risks, such as product liability and workers’ compensation. The Company is not currently a party to any legal proceedings that it believes would have a material adverse effect on its financial position, results of operations, or cash flows.

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Condensed Consolidating Financial Statements

3 Months Ended

Mar. 31, 2014

Condensed Consolidating Financial Statements [Abstract]

Condensed Consolidating Financial Statements

Condensed Consolidating Financial Statements

Guarantees of the 9.50% Senior Notes

WireCo WorldGroup Inc. has registered 9.50% Senior Notes, which are unsecured obligations. These obligations are jointly and severally and fully and unconditionally guaranteed by WireCo WorldGroup (Cayman) Inc. Certain entities controlled by WireCo WorldGroup (Cayman) Inc. (collectively referred to as the “Guarantor Subsidiaries”) also jointly and severally and fully and unconditionally guarantee these obligations, subject to customary release provisions. All voting shares for the entities presented in the “Guarantor Subsidiaries” column are 100% owned directly or indirectly by the Company. Certain subsidiaries with locations primarily in the Netherlands, Brazil and France do not guarantee the debt (collectively referred to as the “Non-Guarantor Subsidiaries”). The adjustments eliminate investments in subsidiaries, related stockholders’ equity and other intercompany balances and transactions. There are currently no significant restrictions on the ability of WireCo WorldGroup Inc. or any guarantor to obtain funds from its subsidiaries by dividend or loan.

The following condensed consolidating financial statements are prepared with each entity’s investment in subsidiaries accounted for under the equity method. During the fourth quarter of 2013, Royal Lankhorst Euronete Group B.V., an indirect subsidiary of the Company, became a guarantor. This change in the guarantor pool has been retroactively reflected in all condensed consolidating financial statements presented.

Condensed Consolidating Balance Sheets

	March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Elimination Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	280		$	3,500		$	20,032	$	9,561	$	—		$	33,373
Restricted cash	—			—			2,551		—		—			2,551
Accounts receivable, net	—			44,409			90,449		25,569		—			160,427
Intercompany accounts receivable	22,482			42,597			125,325		5,229		(195,633		)	—
Inventories, net	—			77,467			131,152		31,212		—			239,831
Current deferred income tax assets	—			3,139			3,929		146		—			7,214
Prepaid expenses and other current assets	—			3,528			14,307		1,797		—			19,632
Total current assets	$	22,762		$	174,640		$	387,745	$	73,514	$	(195,633	)	$	463,028
Long-term intercompany notes receivable	—			464,462			4,826		3,930		(473,218		)	—
Property, plant and equipment, net	—			57,311			254,563		47,390		—			359,264
Intangible assets, net	—			36,624			84,239		24,771		—			145,634
Goodwill	—			117,124			55,732		24,193		—			197,049
Investments in subsidiaries	80,538			—			38,087		5,862		(124,487		)	—
Deferred financing fees, net	—			20,946			—		—		—			20,946
Non-current deferred income tax assets	—			(4,798		)	5,392		919		—			1,513
Other non-current assets	—			153			16,291		7		—			16,451
Total assets	$	103,300		$	866,462		$	846,875	$	180,586	$	(793,338	)	$	1,203,885
Liabilities and Stockholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	6,710		$	8,320	$	—	$	—		$	15,030
Interest payable	—			18,896			139		10		—			19,045
Accounts payable	—			13,882			55,035		20,033		—			88,950
Accrued compensation and benefits	—			6,058			14,419		3,101		(199		)	23,379
Intercompany accounts payable	1,513			76,875			40,590		76,364		(195,342		)	—
Current deferred income tax liabilities	—			—			313		1,750		—			2,063
Other current liabilities	(1		)	2,585			6,770		2,750		(18		)	12,086
Total current liabilities	$	1,512		$	125,006		$	125,586	$	104,008	$	(195,559	)	$	160,553
Long-term debt, excluding current maturities	—			847,747			391		—		—			848,138

Long-term intercompany notes payable	6,701			—			459,059			7,437		(473,197		)	—
Non-current deferred income tax liabilities	—			1,920			56,336			10,571		—			68,827
Other non-current liabilities	—			7,353			21,998			1,929		—			31,280
Total liabilities	$	8,213		$	982,026		$	663,370		$	123,945	$	(668,756	)	$	1,108,798
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	96,591			(111,730		)	185,009			53,773		(127,052		)	96,591
Non-controlling interests	(1,504		)	(3,834		)	(1,504		)	2,868		2,470			(1,504		)
Total stockholders’ equity	$	95,087		$	(115,564	)	$	183,505		$	56,641	$	(124,582	)	$	95,087
Total liabilities and stockholders’ equity	$	103,300		$	866,462		$	846,875		$	180,586	$	(793,338	)	$	1,203,885

	December 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)		WireCo WorldGroup Inc. (Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	53	$	2,564	$	11,798		$	20,572		$	—		$	34,987
Restricted cash	—		—		2,887			—			—			2,887
Accounts receivable, net	—		38,891		87,234			22,439			—			148,564
Intercompany accounts receivable	20,871		53,444		131,716			(55		)	(205,976		)	—
Inventories, net	—		79,017		121,913			27,315			—			228,245
Current deferred income tax assets	—		3,139		2,185			144			—			5,468
Prepaid expenses and other current assets	—		2,218		4,016			389			6,034			12,657
Total current assets	$	20,924	$	179,273	$	361,749		$	70,804		$	(199,942	)	$	432,808
Long-term intercompany notes receivable	—		477,637		4,827			—			(482,464		)	—
Property, plant and equipment, net	—		59,065		258,580			48,693			—			366,338
Intangible assets, net	—		37,090		86,555			26,642			—			150,287
Goodwill	—		117,124		55,749			25,456			—			198,329
Investment in subsidiaries	83,430		—		125,767			—			(209,197		)	—
Deferred financing fees, net	—		22,702		—			—			—			22,702
Non-current deferred income tax assets	—		—		7,175			903			—			8,078
Other non-current assets	—		201		17,273			3,199			—			20,673
Total assets	$	104,354	$	893,092	$	917,675		$	175,697		$	(891,603	)	$	1,199,215
Liabilities and Stockholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	—	$	6,710	$	8,223		$	—		$	—		$	14,933
Interest payable	—		6,604		124			3			—			6,731
Accounts payable	—		14,552		45,695			15,934			—			76,181
Accrued compensation and benefits	—		7,907		9,622			344			—			17,873
Intercompany accounts payable	1,412		84,495		49,713			4,418			(140,038		)	—
Current deferred income tax liabilities	—		—		(33		)	424			351			742
Other current liabilities	9		1,886		351			74,085			(60,071		)	16,260
Total current liabilities	$	1,421	$	122,154	$	113,695		$	95,208		$	(199,758	)	$	132,720
Long-term debt, excluding current maturities	—		861,948		544			—			—			862,492
Long-term intercompany notes payable	6,700		—		472,165			2,613			(481,478		)	—

Non-current deferred income tax liabilities	—			6,717			56,670			12,376		—			75,763
Other non-current liabilities	—			7,477			22,618			2,878		(966		)	32,007
Total liabilities	$	8,121		$	998,296		$	665,692		$	113,075	$	(682,202	)	$	1,102,982
Stockholders’ equity:
Total stockholders’ equity attributable to WireCo WorldGroup (Cayman) Inc.	97,326			(105,204		)	253,076			60,215		(208,087		)	97,326
Non-controlling interests	(1,093		)	—			(1,093		)	2,407		(1,314		)	(1,093		)
Total stockholders’ equity	$	96,233		$	(105,204	)	$	251,983		$	62,622	$	(209,401	)	$	96,233
Total liabilities and stockholders’ equity	$	104,354		$	893,092		$	917,675		$	175,697	$	(891,603	)	$	1,199,215

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)

	Three months ended March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net sales	$	—		$	72,224		$	123,462		$	39,529		$	(24,713	)	$	210,502
Cost of sales	—			(55,854		)	(95,474		)	(30,634		)	24,766			(157,196		)
Gross profit	—			16,370			27,988			8,895			53			53,306
Other operating expenses:
Selling expenses	—			(2,921		)	(4,990		)	(3,090		)	—			(11,001		)
Administrative expenses	(144		)	(12,433		)	(6,832		)	(1,181		)	200			(20,390		)
Amortization expense	—			(466		)	(2,378		)	(303		)	—			(3,147		)
Total other operating expenses	(144		)	(15,820		)	(14,200		)	(4,574		)	200			(34,538		)
Operating income (loss)	(144		)	550			13,788			4,321			253			18,768
Other income (expense):
Interest income (expense), net	(101		)	(10,977		)	(8,917		)	137			—			(19,858		)
Equity income (losses) from subsidiaries	(264		)	—			(5,354		)	439			5,179			—
Foreign currency exchange gains (losses), net	—			(21		)	(228		)	1,199			—			950
Other income (expense), net	—			(9		)	735			29			—			755
Total other income (expense), net	(365		)	(11,007		)	(13,764		)	1,804			5,179			(18,153		)
Income (loss) before income taxes	(509		)	(10,457		)	24			6,125			5,432			615
Income tax expense	—			(24		)	(607		)	(175		)	148			(658		)
Net income (loss)	(509		)	(10,481		)	(583		)	5,950			5,580			(43		)
Less: Net income (loss) attributable to non-controlling interests	—			(346		)	(5		)	838			—			487
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(509		)	(10,135		)	(578		)	5,112			5,580			(530		)
Comprehensive income (loss)	$	(3,137	)	$	(10,481	)	$	2,511		$	—		$	7,970		(3,137		)

	Three months ended March 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net sales	$	—		$	79,542		$	130,340		$	42,221		$	(29,460	)	$	222,643
Cost of sales	—			(61,650		)	(101,258		)	(34,852		)	29,743			(168,017		)
Gross profit	—			17,892			29,082			7,369			283			54,626
Other operating expenses:
Selling expenses	—			(3,413		)	(5,767		)	(2,350		)	—			(11,530		)
Administrative expenses	(75		)	(9,946		)	(8,893		)	(1,605		)	—			(20,519		)
Amortization expense	—			(1,432		)	(2,196		)	(530		)	—			(4,158		)
Total other operating expenses	(75		)	(14,791		)	(16,856		)	(4,485		)	—			(36,207		)
Operating income (loss)	(75		)	3,101			12,226			2,884			283			18,419
Other income (expense):
Interest expense, net	(101		)	(10,921		)	(9,075		)	(123		)	—			(20,220		)
Equity income (losses) from subsidiaries	(11,427		)	—			6,506			—			4,921			—
Foreign currency exchange gains (losses), net	—			206			(11,296		)	236			—			(10,854		)
Other income (expense), net	—			(173		)	18			2			—			(153		)
Other income (expense), net	(11,528		)	(10,888		)	(13,847		)	115			4,921			(31,227		)
Income (loss) before income taxes	(11,603		)	(7,787		)	(1,621		)	2,999			5,204			(12,808		)
Income tax benefit (expense)	—			(123		)	1,451			111			—			1,439
Net income (loss)	(11,603		)	(7,910		)	(170		)	3,110			5,204			(11,369		)
Less: Net income (loss) attributable to non-controlling interests	—			—			(262		)	496			—			234
Net income (loss) attributable to WireCo WorldGroup (Cayman) Inc.	(11,603		)	(7,910		)	92			2,614			5,204			(11,603		)
Comprehensive income (loss)	$	(11,927	)	$	(7,910	)	$	(728	)	$	17,394		$	(5,642	)	$	(11,927	)

Condensed Consolidating Statements of Cash Flows

	Three months ended March 31, 2014
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(1	)	$	3,147		$	22,887		$	(10,383	)	$	—		$	15,650
Cash flows from investing activities:
Capital expenditures	—			(1,048		)	(1,441		)	(711		)	—			(3,200		)
Repayments from intercompany loans	—			13,175			—			—			(13,175		)	—
Net cash provided by (used in) investing activities	—			12,127			(1,441		)	(711		)	(13,175		)	(3,200		)
Cash flows from financing activities:
Principal payments on long-term debt	—			(838		)	—			—			—			(838		)
Borrowings under revolving credit agreement	—			33,400			—			—			—			33,400
Repayments under revolving credit agreement	—			(46,900		)	—			—			—			(46,900		)
Repayments of intercompany loans	—			—			(13,175		)	—			13,175			—
Other financing activities	228			—			—			—			—			228
Net cash provided by (used in) financing activities	228			(14,338		)	(13,175		)	—			13,175			(14,110		)
Effect of exchange rates on cash and cash equivalents	—			—			(37		)	83			—			46
Increase (decrease) in cash and cash equivalents	227			936			8,234			(11,011		)	—			(1,614		)
Cash and cash equivalents, beginning of period	53			2,564			11,798			20,572			—			34,987
Cash and cash equivalents, end of period	$	280		$	3,500		$	20,032		$	9,561		$	—		$	33,373

	Three months ended March 31, 2013
	WireCo WorldGroup (Cayman) Inc. (Parent)			WireCo WorldGroup Inc. (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(16	)	$	6,367		$	9,986		$	(4,221	)	$	—		$	12,116
Cash flows from investing activities:
Capital expenditures	—			(1,446		)	(8,983		)	(1,035		)	—			(11,464		)
Other investing activities	—			(34		)	—			—			—			(34		)
Disbursements of intercompany loans	—			(317		)	—			(952		)	1,269			—
Intercompany dividends received	—			—			4,008			—			(4,008		)	—
Net cash used in investing activities	—			(1,797		)	(4,975		)	(1,987		)	(2,739		)	(11,498		)
Cash flows from financing activities:
Principal payments on long-term debt	—			(838		)	(8,530		)	—			—			(9,368		)
Borrowings under revolving credit agreement	—			31,250			—			—			—			31,250
Repayments under revolving credit agreement	—			(32,850		)	—			—			—			(32,850		)
Repayments of short-term borrowings	—			—			—			(1,586		)	—			(1,586		)
Proceeds from intercompany loans	—			—			952			317			(1,269		)	—
Intercompany dividends paid	—			—			—			(4,008		)	4,008			—
Net cash provided by (used in) financing activities	—			(2,438		)	(7,578		)	(5,277		)	2,739			(12,554		)
Effect of exchange rates on cash and cash equivalents	—			—			(409		)	(596		)	—			(1,005		)
Increase (decrease) in cash and cash equivalents	(16		)	2,132			(2,976		)	(12,081		)	—			(12,941		)
Cash and cash equivalents, beginning of period	34			2,867			26,980			19,363			—			49,244
Cash and cash equivalents, end of period	$	18		$	4,999		$	24,004		$	7,282		$	—		$	36,303

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014 Borrowings under Revolving Loan Facility Line of credit	Mar. 31, 2014 Term Loan due 2017 Secured Debt	May 19, 2010 9.50% Senior Notes due 2017	Mar. 31, 2014 9.50% Senior Notes due 2017 Senior Notes	May 19, 2010 9.50% Senior Notes due 2017 Senior Notes	Jul. 12, 2012 11.75% Senior Notes due 2017	Mar. 31, 2014 11.75% Senior Notes due 2017 Senior Notes
Debt Instrument
Carrying Amount of Debt Instrument	$ 18,500	$ 327,896		$ 425,561			$ 82,500
Estimated Fair Value of Debt Instrument	$ 18,500	$ 332,862		$ 437,750			$ 82,500
Stated Interest Rate of Debt Instrument			9.50%		9.50%	11.75%

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Borrowings (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt consisted of the following as of the dates indicated:

	March 31, 2014			December 31, 2013
Borrowings under Revolving Loan Facility	$	18,500		$	32,000
Polish Debt due 2014	8,810			8,860
Term Loan due 2017	329,975			330,813
9.50% Senior Notes due 2017	425,000			425,000
11.75% Senior Notes due 2017	82,500			82,500
Other indebtedness	491			688
Total debt at face value	865,276			879,861
Less: Unamortized discount, net	(2,108		)	(2,436		)
Less: Current maturities of long-term debt	(15,030		)	(14,933		)
Total long-term debt	$	848,138		$	862,492

Schedule of Components of Interest Expense

Net interest expense consists of:

	Three months ended March 31,
	2014			2013
Interest on long-term debt	$	18,045		$	18,233
Amortization of debt issuance costs, discounts and premium	2,078			2,159
Capitalized interest	(247		)	(275		)
Other	(18		)	103
Interest expense, net	$	19,858		$	20,220

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Interim Financial Statement Presentation Out-of-Period Errors (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2013 Net Sales Decrease in Net Sales and Cost of Sales due to reversal of percentage of completion accounting transactions	Jun. 30, 2013 Cost of Sales Decrease in Net Sales and Cost of Sales due to reversal of percentage of completion accounting transactions	Mar. 31, 2014 Other Comprehensive Loss Increase in Other Comprehensive Loss due to incorrect functional currency
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Misstatement amount in current year financial statements	$ 5,776	$ 4,340	$ 3,351

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Condensed Consolidating Financial Statements - Condensed Consolidating Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 15,650	$ 12,116
Cash flows from investing activities:
Capital expenditures	(3,200)	(11,464)
Other investing activities	0	(34)
Repayments from (Disbursement of) intercompany loans	0	0
Intercompany dividends received		0
Net cash used in investing activities	(3,200)	(11,498)
Cash flows from financing activities:
Principal payments on long-term debt	(838)	(9,368)
Borrowings under revolving credit agreement	33,400	31,250
Repayments under revolving credit agreement	(46,900)	(32,850)
Repayments of short-term borrowings	0	(1,586)
Proceeds from (Repayments of) Intercompany Loans	0	0
Intercompany dividends paid		0
Other financing activities	228	0
Net cash provided by (used in) financing activities	(14,110)	(12,554)
Effect of exchange rates on cash and cash equivalents	46	(1,005)
Increase (decrease) in cash and cash equivalents	(1,614)	(12,941)
Cash and cash equivalents, beginning of period	34,987	49,244
Cash and cash equivalents, end of period	33,373	36,303
Elimination Adjustments
Cash flows from operating activities:
Net cash provided by (used in) operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Other investing activities		0
Repayments from (Disbursement of) intercompany loans	(13,175)	1,269
Intercompany dividends received		(4,008)
Net cash used in investing activities	(13,175)	(2,739)
Cash flows from financing activities:
Principal payments on long-term debt	0	0
Borrowings under revolving credit agreement	0	0
Repayments under revolving credit agreement	0	0
Repayments of short-term borrowings		0
Proceeds from (Repayments of) Intercompany Loans	13,175	(1,269)
Intercompany dividends paid		4,008
Other financing activities	0
Net cash provided by (used in) financing activities	13,175	2,739
Effect of exchange rates on cash and cash equivalents	0	0
Increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
WireCo WorldGroup (Cayman) Inc. (Parent)
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(1)	(16)
Cash flows from investing activities:
Capital expenditures	0	0
Other investing activities		0
Repayments from (Disbursement of) intercompany loans	0	0
Intercompany dividends received		0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Principal payments on long-term debt	0	0
Borrowings under revolving credit agreement	0	0
Repayments under revolving credit agreement	0	0
Repayments of short-term borrowings		0
Proceeds from (Repayments of) Intercompany Loans	0	0
Intercompany dividends paid		0
Other financing activities	228
Net cash provided by (used in) financing activities	228	0
Effect of exchange rates on cash and cash equivalents	0	0
Increase (decrease) in cash and cash equivalents	227	(16)
Cash and cash equivalents, beginning of period	53	34
Cash and cash equivalents, end of period	280	18
WireCo WorldGroup Inc. (Issuer)
Cash flows from operating activities:
Net cash provided by (used in) operating activities	3,147	6,367
Cash flows from investing activities:
Capital expenditures	(1,048)	(1,446)
Other investing activities		(34)
Repayments from (Disbursement of) intercompany loans	13,175	(317)
Intercompany dividends received		0
Net cash used in investing activities	12,127	(1,797)
Cash flows from financing activities:
Principal payments on long-term debt	(838)	(838)
Borrowings under revolving credit agreement	33,400	31,250
Repayments under revolving credit agreement	(46,900)	(32,850)
Repayments of short-term borrowings		0
Proceeds from (Repayments of) Intercompany Loans	0	0
Intercompany dividends paid		0
Other financing activities	0
Net cash provided by (used in) financing activities	(14,338)	(2,438)
Effect of exchange rates on cash and cash equivalents	0	0
Increase (decrease) in cash and cash equivalents	936	2,132
Cash and cash equivalents, beginning of period	2,564	2,867
Cash and cash equivalents, end of period	3,500	4,999
Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by (used in) operating activities	22,887	9,986
Cash flows from investing activities:
Capital expenditures	(1,441)	(8,983)
Other investing activities		0
Repayments from (Disbursement of) intercompany loans	0	0
Intercompany dividends received		4,008
Net cash used in investing activities	(1,441)	(4,975)
Cash flows from financing activities:
Principal payments on long-term debt	0	(8,530)
Borrowings under revolving credit agreement	0	0
Repayments under revolving credit agreement	0	0
Repayments of short-term borrowings		0
Proceeds from (Repayments of) Intercompany Loans	(13,175)	952
Intercompany dividends paid		0
Other financing activities	0
Net cash provided by (used in) financing activities	(13,175)	(7,578)
Effect of exchange rates on cash and cash equivalents	(37)	(409)
Increase (decrease) in cash and cash equivalents	8,234	(2,976)
Cash and cash equivalents, beginning of period	11,798	26,980
Cash and cash equivalents, end of period	20,032	24,004
Non-Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(10,383)	(4,221)
Cash flows from investing activities:
Capital expenditures	(711)	(1,035)
Other investing activities		0
Repayments from (Disbursement of) intercompany loans	0	(952)
Intercompany dividends received		0
Net cash used in investing activities	(711)	(1,987)
Cash flows from financing activities:
Principal payments on long-term debt	0	0
Borrowings under revolving credit agreement	0	0
Repayments under revolving credit agreement	0	0
Repayments of short-term borrowings		(1,586)
Proceeds from (Repayments of) Intercompany Loans	0	317
Intercompany dividends paid		(4,008)
Other financing activities	0
Net cash provided by (used in) financing activities	0	(5,277)
Effect of exchange rates on cash and cash equivalents	83	(596)
Increase (decrease) in cash and cash equivalents	(11,011)	(12,081)
Cash and cash equivalents, beginning of period	20,572	19,363
Cash and cash equivalents, end of period	$ 9,561	$ 7,282

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Consolidated Statements of Comprehensive Income (Loss) (unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net loss
Net loss	$ (43)	$ (11,369)
Other comprehensive loss:
Foreign currency translation loss	(3,094)	(558)
Comprehensive loss	(3,137)	(11,927)
Less: Comprehensive income (loss) attributable to non-controlling interests	(411)	193
Comprehensive loss attributable to WireCo WorldGroup (Cayman) Inc.	$ (2,726)	$ (12,120)

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Borrowings

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Borrowings

Borrowings

Long-term debt consisted of the following as of the dates indicated:

	March 31, 2014			December 31, 2013
Borrowings under Revolving Loan Facility	$	18,500		$	32,000
Polish Debt due 2014	8,810			8,860
Term Loan due 2017	329,975			330,813
9.50% Senior Notes due 2017	425,000			425,000
11.75% Senior Notes due 2017	82,500			82,500
Other indebtedness	491			688
Total debt at face value	865,276			879,861
Less: Unamortized discount, net	(2,108		)	(2,436		)
Less: Current maturities of long-term debt	(15,030		)	(14,933		)
Total long-term debt	$	848,138		$	862,492

As of March 31, 2014, the Company was in compliance with all restrictive and financial covenants associated with its borrowings. For a detailed discussion of the Company's borrowings, see Note 8—“Borrowings” to the Company's audited consolidated financial statements in Item 8, Financial Statements and Supplementary Data, of the annual report on Form 10-K for the year ended December 31, 2013.

Senior Secured Credit Facilities - Revolving Loan Facility and Term Loan due 2017

The Company's maximum borrowing capacity under the Revolving Loan Facility is $145,000. As of March 31, 2014, availability under the Revolving Loan Facility was $119,867. Availability is based upon the maximum borrowing capacity, less outstanding borrowings and letters of credit, and further restricted by certain covenants in the Company's credit agreements. Outstanding letters of credit were $1,141 at March 31, 2014. The interest rate on the Revolving Loan Facility and Term Loan due 2017 at March 31, 2014 was 5.62% and 6.00%, respectively.

Interest expense, net

Net interest expense consists of:

	Three months ended March 31,
	2014			2013
Interest on long-term debt	$	18,045		$	18,233
Amortization of debt issuance costs, discounts and premium	2,078			2,159
Capitalized interest	(247		)	(275		)
Other	(18		)	103
Interest expense, net	$	19,858		$	20,220

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Inventories, net (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Raw materials, net	$ 80,877	$ 74,486
Work in process	21,066	18,612
Finished goods, net	137,888	135,147
Inventories, net	$ 239,831	$ 228,245

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- Narrative (Details)	3 Months Ended
	Mar. 31, 2014	May 19, 2010 9.50% Senior Notes due 2017	May 19, 2010 Senior Notes 9.50% Senior Notes due 2017
Debt Instrument
Stated Interest Rate of Debt Instrument		9.50%	9.50%
Percentage Of Common Stock Voting Rights	100.00%

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Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The components of intangible assets were as follows as of the dates indicated:

	March 31, 2014							December 31, 2013
	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization			Net carrying amount
Finite-lived Assets
Customer relationships	$	131,212	$	(84,956	)	$	46,256	$	132,397	$	(82,569	)	$	49,828
Patented and unpatented technology	24,314		(9,921		)	14,393		24,320		(9,508		)	14,812
Other	7,138		(6,876		)	262		7,193		(6,966		)	227
Total finite-lived intangible assets	$	162,664	$	(101,753	)	$	60,911	$	163,910	$	(99,043	)	$	64,867

Schedule of Future Amortization of Finite-Lived Intangible Assets

Using the exchange rates in effect at period end, estimated amortization of intangible assets as of March 31, 2014 was as follows:

Remainder of 2014	$	7,718
2015	10,199
2016	9,920
2017	8,127
2018	4,119
Thereafter	20,828
Total	$	60,911

Rollforward of Goodwill

The change in the carrying value of goodwill was as follows as of the dates indicated:

	Total
December 31, 2013	$	198,329
Foreign currency translation	(1,280		)
March 31, 2014	$	197,049