earnings
confidence high
sentiment positive
materiality 0.85
Belden Q2 revenue up 16% to $667M, adjusted EPS $1.60 (+31%), raises FY22 guidance
BELDEN INC.
2022-Q2 EPS reported
$2.09
revenue$1,276,922,000
- Revenue $667M (+16% YoY); net income $59M; GAAP EPS $1.31 vs $1.00.
- Adjusted EBITDA $111M (+19%); adjusted EPS $1.60 (+31% vs $1.22).
- Organic revenue growth 18% in Q2; net leverage at 1.4x, below 1.5x target.
- FY22 guidance raised: revenue $2.52-2.55B (organic +12-13%), adj. EPS $5.90-6.10.
- Q3 guidance: rev $625-640M, GAAP EPS $1.16-1.26, adj. EPS $1.50-1.60.