Brief: Belden Reports Results For Fourth Quarter 2022

Belden

08/02/2023 12:36

Feb 8 (Reuters) - Belden Inc  BDC.N :
    * BELDEN REPORTS RECORD REVENUES AND EPS FOR FULL YEAR 2022
AND
STRONG RESULTS FOR FOURTH QUARTER 2022
    * GAAP REVENUES FOR QUARTER TOTALED $659 MILLION, INCREASING
$47
MILLION, OR 8%, COMPARED TO $612 MILLION IN YEAR-AGO PERIOD
    * QTRLY ADJUSTED REVENUES FOR QUARTER TOTALED $659 MILLION,
INCREASING $48 MILLION, OR 8%, COMPARED TO $611 MILLION IN
YEAR-AGO PERIOD
    * EPS TOTALED $1.40 FOR QUARTER
    * QTRLY ADJUSTED EPS WAS $1.75
    * Q4 EARNINGS PER SHARE VIEW $1.64, REVENUE VIEW $643.0
MILLION --
REFINITIV IBES DATA
    * SEES 2023 REVENUES BETWEEN $2.670 BILLION AND $2.720
BILLION
    * SEES 2023 GAAP EPS BETWEEN $5.73 AND $6.13
    * SEES Q1 2023 REVENUES BETWEEN $615 MILLION AND $630
MILLION
    * SEES 2023 ADJUSTED EPS BETWEEN $6.60 AND $7.00
    * SEES Q1 2023 GAAP EPS BETWEEN $1.29 AND $1.39
    * SEES Q1 GAAP EPS BETWEEN $1.29 AND $1.39
    * SEES Q1 2023 ADJUSTED EPS BETWEEN $1.50 AND $1.60
    * FY2023 EARNINGS PER SHARE VIEW $6.49, REVENUE VIEW $2.57
BILLION
-- REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $1.46, REVENUE VIEW $612.9
MILLION --
REFINITIV IBES DATA
    * CONFIDENT IN OUR ABILITY TO DELIVER AT LEAST $8.00 OF
ADJUSTED
EPS BY 2025
    * WHILE MACRO CONDITIONS REMAIN UNCERTAIN AS WE ENTER 2023,
OUR
PORTFOLIO IS DESIGNED TO DELIVER ORGANIC GROWTH IN EXCESS OF GDP
    * ENDED 2022 WITH LOW LEVERAGE, SIGNIFICANT LIQUIDITY, WHICH
WILL
ALLOW US TO INVEST IN FUTURE ORGANIC AND INORGANIC GROWTH
OPPORTUNITIES

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