Belden (BDC) Tops Q2 EPS by 28c; Boosts Outlook
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Belden Reports Solid Growth for Second Quarter 2016
July 19, 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 second quarter 2016 results for the period ended July 3, 2016.
Second Quarter 2016
On a GAAP basis, revenues for the quarter totaled $601.6 million, increasing $15.8 million, or 2.7%, compared to $585.8 million in the second quarter 2015. Gross profit margin in the second quarter was 41.3%, increasing 130 basis points from 40.0% in the year-ago period. Net income was $41.8 million, increasing from $21.7 million in the prior-year period. Net income as a percentage of revenues was 7.0% in the... More
