Belden Inc

Latest Results (16.05.2026):

Belden Inc reported results for its fiscal second quarter ended June 29, 2025. Revenues were $672 million (up 11% year‑over‑year, 5% organic), GAAP diluted EPS was $1.53 (up 29% y/y) and adjusted EPS was $1.89 (up 25% y/y). Net income was $61.0 million and adjusted EBITDA was $114.1 million, reflecting margin improvement and stronger demand across both segments.

Revenue and Growth

Quarterly revenues of $671.99 million, +11% vs Q2 2024; organic revenue growth of 5%. Automation Solutions grew 8% organically and Smart Infrastructure Solutions grew 3% organically.

Profitability

GAAP net income of $61.0 million (9.1% of revenues) and GAAP diluted EPS of $1.53. Adjusted EPS was $1.89, a 25% increase vs prior year; adjusted EBITDA was $114.1 million (+15% y/y) with an adjusted EBITDA margin of 17.0% (up 50 bps).

Segments

Segment revenues: Smart Infrastructure Solutions $306.0 million; Automation Solutions $365.97 million. Segment EBITDA: Smart Infrastructure $36.2 million (11.8% margin); Automation $78.2 million (21.4% margin).

Orders and Demand

Management reported orders increased 16% year‑over‑year and rose sequentially, indicating continued demand momentum across end markets.

Cash, Liquidity and Balance Sheet

Cash and cash equivalents were $301.49 million at June 29, 2025 (down from $370.30 million at Dec. 31, 2024). Long‑term debt was $1.271 billion. Three‑month GAAP cash from operations was $82.0 million and three‑month non‑GAAP free cash flow was $56.9 million.

Capital Allocation & Shareholder Returns

Paid $100.97 million under the share repurchase program (six months) and declared a quarterly dividend of $0.05 per share. Diluted weighted average shares fell to 40,002 from 41,204 a year earlier.

Tax and One‑time Items

Adjusted EPS benefited by $0.11 in Q2 from a lower‑than‑expected tax rate driven by discrete tax benefits and favorable geographic mix. Adjusted results exclude amortization, severance/restructuring and other specified items (reconciliation provided in the release).

Outlook (Q3 2025 Guidance)

Guidance for third quarter 2025: Revenues $670–$685 million; GAAP diluted EPS $1.33–$1.43; Adjusted EPS $1.85–$1.95 (adjustments detailed in the release).