Belden (BDC) Tops Q1 EPS by 5c; Bumps Outlook Higher
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Belden Reports Strong Results for First Quarter 2016
May 4, 2016 7:30 AM EDTST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for mission-critical applications, today reported fiscal first quarter 2016 results for the period ended April 3, 2016.
First Quarter 2016 Highlights
Delivered GAAP first quarter revenues of $541.5 million, and adjusted first quarter revenues of $543.8 million; Expanded adjusted gross profit margins to 42.3%, an increase of 170 basis points from 40.6% in the year-ago period; Generated adjusted EBITDA margins of 16.4%, an increase of 90 basis points from 15.5% in the year-ago period; Repaid... More