Belden Inc
BDC
ISIN US0774541066 / Valor 1878687
Belden Inc
UMushroom community rating:
About company
Belden Inc. is a company that specializes in the development and provision of solutions for mission-critical network infrastructure across various industries. The firm focuses on modernizing and innovating infrastructures to ensure they are future-proof and fail-safe. Belden's product offerings include a range of network equipment such as the BEETLE Single Pair Ethernet Lite Managed Switch, the PROVIZE Suite for network management, the LEMUR Lite Managed Switch Family, and the DuetConnect™ Hybrid Cable, among others. These products are designed to support the deployment of advanced network systems that require high security, power over Ethernet (PoE) options, and the integration of data and DC power delivery. Belden operates globally, relying on a network of certified partners to ensure local expertise, product availability, and reliable installation and support throughout the lifecycle of a project. The company caters to the needs of various sectors, aiming to enhance the efficiency and reliability of their clients' operations through its engineered solutions.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (27.12.2024):
Revenue Growth
In the third quarter of 2024, Belden Inc. reported revenues of $655 million, marking a 4% increase compared to the same period in the previous year. This growth was primarily driven by the acquisition of Precision Optical Technologies. However, on an organic basis, revenue saw a slight decline of 2% year-over-year.
Earnings Per Share
Belden Inc.'s GAAP earnings per share (EPS) for the third quarter of 2024 was $1.30, reflecting a 24% decrease from the previous year's $1.70. The adjusted EPS was $1.70, which represents a 4% decline compared to the $1.78 reported in the third quarter of 2023.
Net Income
The company's net income for the third quarter of 2024 was $54 million, down from $72 million in the same quarter of the previous year. This decrease in net income was partly due to a one-time pre-tax gain of $12 million from the sale of an asset in the prior year.
Share Repurchases
During the third quarter of 2024, Belden Inc. executed $20 million in share repurchases, contributing to a total of $115 million in share repurchases year-to-date. This strategic move reduced the company's share count by 1.2 million shares, enhancing shareholder value.
Future Outlook
Looking ahead to the fourth quarter of 2024, Belden Inc. anticipates revenues to range between $645 million and $660 million, representing a 17% to 20% increase over the prior-year quarter. The company expects GAAP EPS to be between $1.05 and $1.15, with adjusted EPS projected to range from $1.62 to $1.72, indicating a positive outlook despite the uncertain economic environment.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4524 M
Market cap (USD)
329,331
Daily traded volume (Shares)
112.76 / 109.82
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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