secwatch.observer — SEC 8-K summary
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Issuer:     BELDEN INC. (BDC)
CIK:        0000913142
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000913142-24-000016
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Belden Q1 rev down 17% to $536M; acquires Precision Optical for $290M cash
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- GAAP EPS $0.90 (down 38% YoY); adjusted EPS $1.24 (down 26% YoY).
- Revenue $536M, down 17%; Enterprise -18%, Industrial Automation -17%.
- Acquired Precision Optical Technologies for $290M cash; close expected Q2 2024.
- Q2 guidance: rev $565-580M, GAAP EPS $1.00-1.10, adjusted EPS $1.30-1.40.
- Repurchased 0.7M shares for $58M in Q1; dividend unchanged at $0.05/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913142/000091314224000016/0000913142-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913142/000091314224000016/bdc-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000913142-24-000016

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