Belden Q1 revenue up 20% to $610M; raises FY2022 guidance

BELDEN INC.

2022-Q1 EPS reported $0.79 revenue$610,371,000

Revenue $610.4M (+20% YoY); net income $44.1M ($0.97 EPS) vs. $29.1M ($0.64) in Q1 2021.
Adjusted EPS $1.31 (+46% YoY); adjusted EBITDA $99.5M (+30%), margin 16.3% vs. 15.0%.
Raised FY2022 guidance: rev $2.48-2.53B (prior $2.39-2.44B); adj. EPS $5.55-5.85 (prior $5.00-5.35).
Completed Tripwire divestiture ($350M gross); redeemed €200M notes; repurchased 885K shares for $50M.

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