Belden ( (BDC) ) has released its Q4 earnings. Here is a breakdown of the information Belden presented to its investors.
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Belden Inc., headquartered in St. Louis, is a global leader in delivering comprehensive connection solutions across various sectors, including automation and smart infrastructure, with a focus on fostering a safer and more connected world.
The company has reported robust financial results for the fourth quarter of 2024, highlighting a significant increase in revenues and earnings per share compared to the same period last year. Despite experiencing a slight decline in annual revenue, Belden ended the year on a positive note with strong cash flow and a strategic focus on capital allocation.
Key financial metrics indicate that Belden achieved a 21% year-over-year revenue growth in the fourth quarter, reaching $666 million, with GAAP earnings per share (EPS) up by 56% to $1.42. For the full year, despite a 2% decrease in revenues to $2.461 billion, the company maintained a healthy free cash flow of $223 million, slightly up from the previous year. Belden also executed share repurchases, enhancing shareholder value.
Looking ahead, Belden’s management remains optimistic about the company’s long-term growth prospects, driven by stable demand and strategic capital management. The company anticipates continued revenue growth in the first quarter of 2025, with expectations set for a 13% to 16% increase compared to the prior-year quarter, signaling confidence in navigating the current market environment effectively.
