Belden Q2 2020 Earnings Report
Key Takeaways
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.
Revenues for the quarter totaled $424.8 million, compared to $548.4 million in the prior-year period.
EPS totaled $0.07 compared to $0.82 in the second quarter 2019.
Adjusted EPS was $0.46 compared to $1.26 in the second quarter 2019.
The company repaid $100 million of the $190 million that was previously drawn down under their revolver.
Belden
Belden
Forward Guidance
Assuming no further material disruptions related to the global pandemic, Belden expects modest sequential improvement in the third and fourth quarters.