Belden Q2 record revenue $692M, EPS $1.60; raises FY23 adjusted EPS guide to $7.15-$7.35

BELDEN INC.

2023-Q2 EPS reported $3.04 revenue$1,334,034,000

Record revenue $692M (+4% YoY), organic growth +5%; GAAP EPS $1.60 (+22%), adjusted EPS $1.91 (+19%).
Industrial Automation Solutions revenue +8% organic; Enterprise Solutions +1%. Gross margin 38%, up ~400 bps YoY.
Full-year 2023 adjusted EPS guidance raised to $7.15-$7.35 (prior $6.95-$7.25); revenue guidance narrowed to $2.695-$2.725B.
Executed $36M of share repurchases in Q2 and $90M YTD through July.
Adjusted EBITDA margin 17.8%, up 120 bps; cash & equivalents $515M as of July 2, 2023.

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 0.7

BELDEN INC. updated its second quarter 2023 guidance (raised).

Period: second quarter 2023
Guidance: raised
Result: reported results

Exact text from the filing

On August 3, 2023, Belden Inc. (the "Company") issued a press release announcing its financial results for the second quarter 2023.

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Source: SEC EDGAR

accession 0000913142-23-000024

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