Belden Earnings Reports

Belden reported a strong start to the year with revenues increasing 17% year-over-year to $625 million and GAAP EPS increasing 41% to $1.27. Adjusted EPS also saw significant growth, rising 29% to $1.60. The company saw sustained organic growth of 11% with expansion in both segments and repurchased $85 million in shares during the quarter.

Belden Inc. reported Q2 2024 revenues of $604 million, a 13% year-over-year decrease, with a GAAP EPS of $1.19 and adjusted EPS of $1.51. The company closed the acquisition of Precision Optical Technologies, Inc. and is focusing on enabling solutions across segments aligned with key secular trends.

Belden reported Q1 2024 results with revenues of $536 million, a 17% year-over-year decrease, and GAAP EPS of $0.90, down 38% year-over-year. The company exceeded expectations for both revenues and EPS, and announced an agreement to acquire Precision Optical Technologies, Inc.

Belden Inc. reported a decrease in revenue by 16% year-over-year to $551 million for the fourth quarter of 2023, with an organic revenue decline of 18%. Despite lower volumes, the company's profitability improved, with gross profit margins increasing. EPS totaled $0.91, while adjusted EPS was $1.46.

Belden Inc. reported Q3 2023 revenues of $627 million, a 7% decrease year-over-year, with an organic growth decline of 9%. GAAP EPS was $1.70, down 28% year-over-year, while adjusted EPS increased 1% to $1.78. The company executed $64 million in share repurchases during the quarter.

Belden reported record quarterly revenues of $692 million, a 4% increase year-over-year, and record adjusted EPS of $1.91, a 19% increase year-over-year. Gross margins were better than expected at 38%.

Belden reported a strong first quarter with a 5% increase in total revenues to $642 million and a 7% organic growth. GAAP EPS increased by 49% to $1.45, and adjusted EPS rose by 28% to $1.68. The company also completed the acquisition of Berthold Sichert GmbH for $98 million and executed $50 million in share repurchases.

Belden delivered a strong quarter of continued growth with expanding margins, achieving record revenues and EPS for the full year 2022. The company's strength was broad-based, demonstrating strong secular growth trends benefiting its strategically positioned portfolio. Revenues grew 16% organically with improved profitability and expanded margins.

Belden Inc. reported a revenue increase of 11% to $670 million compared to the year-ago period. Net income was $104 million, and EPS reached a quarterly record of $2.35. The company is increasing its full-year 2022 guidance, expecting organic revenue growth of 15% to 16%.

Belden Inc. reported a strong second quarter in 2022, with revenues totaling $667 million, a 16% increase compared to the previous year. Net income increased to $59 million, and adjusted EPS grew by 31%. The company is raising its full-year 2022 guidance due to the strong quarter and improved outlook.

Belden Inc. reported a strong first quarter in 2022, with revenues increasing by 20% compared to the year-ago period. The company completed the Tripwire divestiture and made accretive capital deployments, contributing to margin expansion and robust EPS growth. Increased full year 2022 guidance reflects better than expected performance in the quarter.

Belden Inc. reported strong Q4 2021 results with a 28% increase in revenues compared to the year-ago period. Adjusted EPS increased by 47%. The company also announced a definitive agreement to divest its Tripwire cybersecurity business.

Belden Inc. reported a strong third quarter with revenues increasing by 33% and EPS increasing significantly compared to the year-ago period. The company is navigating inflationary environment and global supply chain challenges, driving solid growth, margin expansion, and cash flow.

Belden Inc. reported a significant increase in revenue and net income for the second quarter of 2021. Revenues increased by 41.7% compared to the year-ago period, and net income rose substantially. The company is increasing its full year 2021 guidance.

Belden Inc. reported a strong first quarter in 2021, with revenues increasing by 15.7% to $536.4 million compared to the previous year. Net income also saw a significant increase, reaching $28.7 million, and adjusted EPS rose by 40.3% to $0.94. The company has raised its full-year guidance for revenue and EPS, reflecting confidence in continued improvement in end market conditions.

Belden Inc. reported Q4 2020 revenues of $498.5 million, with EPS of $0.35 and adjusted EPS of $0.90. Demand trends improved, and the company delivered $15 million in quarterly run rate savings from its SG&A cost reduction program.

Belden Inc. reported fiscal third quarter 2020 results with revenues totaling $475.8 million and EPS of $0.46. Adjusted EPS was $0.72. The company saw improved business conditions and repaid all remaining short-term revolver borrowings during the quarter.

Belden Inc. reported fiscal second quarter 2020 results. Revenues totaled $424.8 million, and EPS totaled $0.07. Adjusted EPS was $0.46. The business performed in line with expectations, with double-digit organic order growth in the broadband & 5G business and positive operating and free cash flows.

Belden Inc. reported a decrease in revenue to $463.5 million compared to $500.1 million in the prior-year period. EPS totaled $0.33 compared to $0.48 in the first quarter 2019. Adjusted EPS was $0.67 compared to $0.84 in the first quarter 2019.

Belden Inc. reported Q4 2019 results with revenues of $549.7 million, a slight decrease of 0.4% compared to the prior-year period. EPS was $0.05, while adjusted EPS was $1.20, exceeding the high end of guidance. The company is undergoing a transformation, including the divestiture of Grass Valley and a cost reduction program.