earnings
confidence high
sentiment neutral
materiality 0.75
Belden Q3: rev $655M (+4% reported, -2% organic); Adj EPS $1.70; orders up 28% y/y
BELDEN INC.
2024-Q3 EPS reported
$3.39
revenue$1,794,937,000
- GAAP EPS $1.30 (-24% y/y); Adj EPS $1.70 (-4% y/y); net income $54M vs $72M (prior year had $12M asset sale gain).
- Orders up 28% y/y and 8% sequentially; Q4 guidance: rev $645-660M, GAAP EPS $1.05-1.15, Adj EPS $1.62-1.72.
- Smart Infrastructure rev $320M (+12.6% y/y, -1% organic); Automation rev $335M (-2.2% y/y, -3% organic).
- Share repurchases: $20M in Q3, $115M YTD; share count reduced by 1.2M shares since year-end.