earnings
confidence high
sentiment neutral
materiality 0.75
Belden Q3 revenue falls 7% to $627M; adjusted EPS up 1% to $1.78; Q4 guidance weak
BELDEN INC.
2023-Q3 EPS reported
$4.74
revenue$1,960,841,000
- GAAP EPS $1.70 (-28% YoY); adjusted EPS $1.78 (+1% YoY) vs prior-year $1.77.
- Revenue $627M (-7% YoY); organic growth -9%, with Industrial Solutions -4% and Enterprise -14%.
- Adjusted EBITDA margin expanded 80bps to 18.4% despite demand weakness.
- Executed $64M of share repurchases in Q3 and $150M year-to-date.
- Q4 guidance: rev $510-$530M, GAAP EPS $0.49-$0.64, adjusted EPS $1.05-$1.20.