May. 1 at 11:47 AM
$BDC Belden reports Q1 EPS
$1.60, consensus
$1.49
Reports Q1 revenue
$624.9M, consensus
$616.1M. "Thanks to the efforts of our team, Belden had a strong start to the year with revenues up 17%, combined with expanding margins," said Ashish Chand, President and CEO of Belden. "Demand remains steady as customers navigate a period of increased uncertainty, with total orders up modestly on a sequential basis and up 18% compared to the prior year.
I am pleased to see sustained organic growth, up 11% for the quarter, with expansion in both segments. We continue to capitalize on our solid balance sheet, utilizing
$100 million towards share repurchases year-to-date, further reducing our share count by 1.0 million shares."
