earnings
confidence high
sentiment positive
materiality 0.80
Belden Q3 revenue grows 33% to $630.8M, EPS $0.91, raises full-year guidance
BELDEN INC.
2021-Q3 EPS reported
$2.51
revenue$1,769,190,000
- Revenue $630.8M (+33% YoY), net income $41.3M ($0.91 EPS) vs $20.6M ($0.46) a year ago.
- Adjusted EBITDA $100.7M (+54% YoY), margin 16.0% vs 13.7%; adjusted EPS $1.31 (+82% YoY).
- Full-year 2021 guidance raised: revenues $2.383-2.398B (up from $2.318-2.348B), adjusted EPS $4.67-4.77 (up from $4.37-4.57).
- Q4 2021 guidance: revenues $614-629M, adjusted EPS $1.21-1.31 per share.
- Net leverage improved to 2.8x, back within target range for first time since pandemic.