Belden (BDC) Tops Q3 EPS by 21c, Offers Guidance

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Go back to Belden (BDC) Tops Q3 EPS by 21c, Offers Guidance

Belden Reports Strong Results and Record EPS for Third Quarter 2022

November 2, 2022 7:30 AM EDT

ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure solutions, today reported fiscal third quarter 2022 results for the period ended October 2, 2022.

Third Quarter 2022

Revenues for the quarter totaled $670 million, increasing $65 million, or 11%, compared to $605 million in the year-ago period. Net income was $104 million, compared to $44 million in the year-ago period. Net income as a percentage of revenue was 15.5%, compared to 7.3% in the year-ago period. Net income in the quarter included a $38 million pre-tax gain on the sale of an asset. EPS totaled a quarterly record $2.35,... More