earnings
confidence high
sentiment negative
materiality 0.80
Belden Q2 revenues $604M (-13% YoY); GAAP EPS $1.19, adj. EPS $1.51; Q3 guidance rev $635-650M
BELDEN INC.
2024-Q2 EPS reported
$2.09
revenue$1,140,011,000
- Revenue $604M (-13% YoY); GAAP EPS $1.19 (-26%), adjusted EPS $1.51 (-21%).
- Adjusted EBITDA $99M (-19%), margin 16.5% vs 17.8% prior year.
- Industrial Solutions revenue -13%, Enterprise Solutions -14% YoY.
- Closed acquisition of Precision Optical Technologies; payable to sellers $291.5M.
- Q3 guidance: rev $635-650M, GAAP EPS $1.00-1.10, adj. EPS $1.55-1.65.