Belden Q4 2020 Earnings Report
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.
Belden
Belden
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.