Brief: Belden Reports Strong Results For First Quarter 2023 And Completes Acquisition Of Berthold Sichert GmbH

Belden

03/05/2023 12:42

Belden Inc  BDC.N :
    * BELDEN REPORTS STRONG RESULTS FOR FIRST QUARTER 2023 AND
COMPLETES ACQUISITION OF BERTHOLD SICHERT GMBH
    * QTRLY TOTAL REVENUES OF $642 MILLION, +5% Y/Y
    * Q1 GAAP EARNINGS PER SHARE $1.45
    * Q1 ADJUSTED EARNINGS PER SHARE $1.68
    * UPDATED FULL YEAR GUIDANCE AND RAISED 2023 REVENUES AND
ADJUSTED
EPS
    * NEW $300 MILLION SHARE REPURCHASE AUTHORIZATION
    * CONTINUES TO EXECUTE AND IS MAKING EXCELLENT PROGRESS
TOWARDS
ACHIEVING AT LEAST $8.00 OF ADJUSTED EPS BY 2025
    * SEES FY 2023 REVENUES $2.710 BILLION - $2.760 BILLION
    * SEES FY 2023 GAAP EPS $5.71 - $6.01
    * SEES FY 2023 ADJUSTED EPS $6.95 - $7.25
    * SEES Q2 REVENUES $675 MILLION- $690 MILLION
    * SEES Q2 GAAP EPS $1.36 - $1.46
    * SEES Q2 ADJUSTED EPS $1.70 - $1.80
    * Q1 EARNINGS PER SHARE VIEW $1.54, REVENUE VIEW $624.6
MILLION --
REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE VIEW $1.72, REVENUE VIEW $676.8
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $6.86, REVENUE VIEW $2.69
BILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw6C134fa 
Further company coverage:  BDC.N