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Stock impact report

Belden Reports Third Quarter 2024 Results

Belden Inc (BDC) 
Last belden inc earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Belden Inc. (NYSE: BDC) (“Belden” or the “Company”), a leading global supplier of network infrastructure and digitization solutions, today reported fiscal third quarter results for the period ended September 29, 2024.Third Quarter 2024 HighlightsRevenues of $655 million, up 4% y/y and down 2% y/y organicallyGAAP EPS of $1.30, down 24% y/yAdjusted EPS of $1.70, down 4% y/yExecuted $20 million of share repurchases during the quarter, and $115 million year-to-date through October 29, 2024“I am pleased that our team continues to navigate this dynamic environment and delivered another solid quarter,” said Ashish Chand, President and CEO of Belden. “Demand was stable, with both revenues and EPS exceeding expectations. Performance for the quarter was steady, with improved sequential margins and continued growth in orders, up 8% sequentially and 28% on a year-over-year basis. We continue to capitalize on our strong financial position to increase shareholder val Show less Read more
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