Belden Reports Second Quarter 2015 Results

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Go back to Belden Reports Second Quarter 2015 Results

Belden (BDC) Outlook Lowered to Negative by S&P; Sees Challenges to Reducing Leverage

July 31, 2015 11:50 AM EDT

Standard & Poor's Ratings Services revised its outlook to negative from stable and affirmed its 'BB' corporate credit rating on St. Louis-based Belden (NYSE: BDC).

Our issue-level and recovery ratings on the company's secured and subordinated debt are unchanged.

"The outlook revision reflects our view that headwinds in Belden's broadcast and industrial segments may preclude the company from reducing leverage to less than 4x during the... More

Belden (BDC) Tops Q2 EPS by 2c

July 29, 2015 7:59 AM EDT

Belden (NYSE: BDC) reported Q2 EPS of $1.21, $0.02 better than the analyst estimate of $1.19. Revenue for the quarter came in at $585.8 million versus the consensus estimate of $608.44 million.

Belden sees FY2015 EPS of $4.70-$4.90, versus the consensus of $5.30. Belden sees FY2015 revenue of $2.36-2.39... More