secwatch.observer — SEC 8-K summary
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Issuer:     BELDEN INC. (BDC)
CIK:        0000913142
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000913142-23-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913142/000091314223000024/0000913142-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913142/000091314223000024/bdc-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000913142-23-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer