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Dec 31, 2020
Belden Q4 2020 Earnings Report
Belden's Q4 2020 financial performance improved with revenues, earnings, and cash flow exceeding initial expectations, driven by demand trends and cost reduction programs.
Key Takeaways
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.
Revenues for the quarter totaled $498.5 million, compared to $549.7 million in the prior-year period.
EPS totaled $0.35 compared to $0.05 in the fourth quarter 2019.
Adjusted EPS was $0.90 compared to $1.20 in the fourth quarter 2019.
Delivered $15 million in quarterly run rate savings associated with SG&A cost reduction program.
Forward Guidance
The Company expects first quarter 2021 revenues to be $490 - $505 million. For the year ending December 31, 2021, the Company expects revenues to be $1.990 - $2.050 billion. The Company expects first quarter 2021 GAAP EPS to be $0.22 - $0.32. For the year ending December 31, 2021, the Company expects GAAP EPS to be $1.70 - $2.10.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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