Belden (BDC) Tops Q1 EPS by 9c, Offers Guidance

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Go back to Belden (BDC) Tops Q1 EPS by 9c, Offers Guidance

Belden Reports Solid Results for First Quarter 2019

May 1, 2019 7:30 AM EDT

ST. 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 2019 results for the period ended March 31, 2019.

First Quarter 2019

Revenues for the quarter totaled $587.2 million, decreasing $18.4 million, or 3.0%, compared to $605.6 million in the first quarter 2018. Net income was $25.2 million, an increase of $22.6 million from the prior-year period. Net income as a percentage of revenue was 4.3% compared to 0.4% in the prior-year period. EPS totaled $0.42 compared to $(0.15) in the first quarter 2018.

Adjusted revenues for the quarter also totaled $587.2 million,... More