Belden reports Q4 adjusted EPS $1.92, consensus $1.69

Reports Q4 revenue $666.04M, consensus $654.76M. “I am proud of our team for delivering an excellent quarter and ending the year on a high note,” said Ashish Chand, president and CEO of Belden (BDC). “Demand continues to remain steady, with sequential orders up modestly for the quarter and increasing 9% for the year. Performance during the quarter was strong, marked by 21% year-over-year revenue growth with expanding margins. As business conditions continue to improve, I am pleased to report that our revenues grew organically in the fourth quarter by 14% with strength in both segments. Free cash flow for the year reached $223 million, providing the business with ample capital to allocate towards compelling acquisition opportunities while also returning capital to shareholders through share repurchases when appropriate.”