Belden Q1 revenue up 5% to $642M; raises full-year adjusted EPS guidance

BELDEN INC.

2023-Q1 EPS reported $1.45 revenue$641,789,000

Q1 revenue $642M (+5% YoY), organic growth 7%; GAAP EPS $1.45 (+49%), adjusted EPS $1.68 (+28%).
Completed acquisition of Berthold Sichert GmbH for $98M; expands fiber portfolio.
Board authorized additional $300M share repurchase; $50M executed in Q1.
FY 2023 guidance raised: revenue $2.71-$2.76B, adjusted EPS $6.95-$7.25 (from $6.60-$7.00).
Q2 2023 guidance: revenue $675-$690M, adjusted EPS $1.70-$1.80.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BELDEN INC. reported the period ended April 2, 2023 results: revenue $642 million, net income $63 million, EPS $1.45. Guidance raised.

Period: the period ended April 2, 2023
Revenue: $642 million
Net income: $63 million
EPS: $1.45
Guidance: raised
Result: reported results

Exact text from the filing

supplier of network infrastructure solutions, today reported fiscal first-quarter results for the period ended April 2, 2023. First Quarter 2023 Highlights • Total Revenues of $642 million, +5% y/y • Organic Growth of +7% y/y • GAAP EPS of $1.45, +49% y/y • Adjusted EPS of $1.68, +28% y/y • Updated full year guidance and raised 2023 Revenues and Adjusted EPS •

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Source: SEC EDGAR

accession 0000913142-23-000012

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