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Mar 30
Belden Q1 2025 Earnings Report
Reported fiscal first quarter results for the period ended March 30, 2025
Key Takeaways
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.
Revenues increased 17% to $625 million in Q1 2025 compared to $536 million in the prior year.
GAAP EPS was $1.27, a 41% increase from $0.90 in Q1 2024.
Adjusted EPS grew 29% to $1.60, up from $1.24 in the year-ago period.
The company repurchased $85 million of shares in the first quarter and $100 million year-to-date through April 30, 2025.
Belden
Belden
Belden Revenue by Segment
Revenue by Segment
Smart Infrastructure Solutions Revenue
CapyFin.comAutomation Solutions Revenue
CapyFin.com Forward Guidance
For the second quarter of 2025, Belden expects revenues between $645 million and $660 million, GAAP EPS between $1.25 and $1.35, and Adjusted EPS between $1.67 and $1.77.
Positive Outlook
- Expected revenue increase of 7% to 9% over the prior-year quarter.
- Expected GAAP EPS increase of 5% to 13% over the prior-year quarter.
- Expected Adjusted EPS increase of 11% to 17% over the prior-year quarter.
- Strategy of anchoring solutions around critical customer challenges is yielding measurable results.
- Solutions and product portfolio are aligned to capitalize on reindustrialization, digitization, and automation trends.
Challenges Ahead
- Customers still face heightened uncertainty as they navigate the rapidly changing environment.
- Guidance is subject to ongoing macroeconomic challenges.
- Results are subject to volatility in global trade policies and tariffs.
- Results are subject to disruptions in the Company’s information systems.
- Results are subject to inflation and changes in the price and availability of raw materials.
Revenue & Expenses
Visualization of income flow from segment revenue to net income