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Oct 03, 2021
Belden Q3 2021 Earnings Report
Reported strong results driven by revenue growth and margin expansion.
Key Takeaways
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.
Total revenues and EPS exceeded the high end of guidance ranges.
Revenues increased 33% overall and 24% on an organic basis.
Teams are navigating the inflationary environment and global supply chain challenges, yet driving solid growth, margin expansion, and cash flow.
Net leverage of 2.8x is now back within targeted range.
Belden
Belden
Forward Guidance
The Company expects fourth quarter 2021 revenues to be $614 - $629 million and EPS to be $0.77 - $0.87. For the full year ending December 31, 2021, the Company now expects revenues to be $2.383 - $2.398 billion and EPS to be $3.27 - $3.37.
Positive Outlook
- Company expects fourth quarter 2021 revenues to be $614 - $629 million
- Company expects fourth quarter 2021 EPS to be $0.77 - $0.87
- Company now expects revenues to be $2.383 - $2.398 billion for the full year ending December 31, 2021
- Company now expects EPS to be $3.27 - $3.37 for the full year ending December 31, 2021