Belden (BDC) Tops Q1 EPS by 28c, Offers Guidance

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Go back to Belden (BDC) Tops Q1 EPS by 28c, Offers Guidance

Belden Reports Strong Results for First Quarter 2021

May 5, 2021 7:30 AM EDT

ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today reported fiscal first quarter 2021 results for the period ended April 4, 2021.

First Quarter 2021

Revenues for the quarter totaled $536.4 million, increasing $72.9 million, or 15.7%, compared to $463.5 million in the year-ago period. Net income was $28.7 million, compared to $14.9 million in the prior-year period. Net income as a percentage of revenue was 5.4% compared to 3.2% in the prior-year period. EPS totaled $0.64 compared to $0.33 in the first quarter 2020.

Adjusted revenues for the quarter also totaled $536.4 million. Adjusted EBITDA was $80.1 million, increasing... More