Belden Q3 revenue $670M (+11% YoY), record GAAP EPS $2.35; raises full-year guidance

BELDEN INC.

2022-Q3 EPS reported $4.30 revenue$1,947,413,000

Revenue $670M (+11% YoY); GAAP EPS $2.35 (record) vs $0.97; adjusted EPS $1.77 (+33%).
Adjusted EBITDA $118M (17.6% margin); net leverage 1.1x; includes $38M pre-tax gain on asset sale.
Full-year revenue guidance raised to $2.583-2.598B (organic growth 15%-16% from prior 12%-13%).
Full-year adjusted EPS guidance raised to $6.27-6.37 (from $5.90-6.10); reaffirms $8.00 by 2025 target.
Q4 2022 outlook: revenue $635-650M, GAAP EPS $1.27-1.37, adjusted EPS $1.60-1.70.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BELDEN INC. reported third quarter 2022 results: revenue $670 million, net income $104 million, EPS $2.35. Guidance raised.

Period: third quarter 2022
Revenue: $670 million
Net income: $104 million
EPS: $2.35
Guidance: raised
Result: reported results

Exact text from the filing

Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure solutions, today reported fiscal third quarter 2022 results for the period ended October 2, 2022. Third Quarter 2022 Revenues for the quarter totaled $670 million, increasing $65 million, or 11%, compared to $605 million in the year-ago period. Net income was $104 million, compared to $44 million in the year-ago period. Net income as a percentage of revenue was 15.5%, compared to 7.3% in the year-ago period. Net income in the quarter included a $38 million pre-tax gain on the sale of an asset. EPS totaled a quarterly record $2.35, compared to $0.97 in the third quarter 2021.

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Source: SEC EDGAR

accession 0000913142-22-000025

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