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Belden Inc (BDC)
NYSE:BDC
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.69Last Year’s EPS
$1.46Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -3.31%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with strong revenue and EPS performance, continued order growth, and strategic acquisitions. While there were challenges such as organic revenue decline and tempered performance in APAC and EMEA, the positive aspects were more significant.Company Guidance
In the third quarter of 2024, Belden reported revenue of $655 million, up 8% sequentially, and an earnings per share (EPS) of $1.70, exceeding the high end of their guidance. Adjusted EBITDA margins increased by 70 basis points to 17.2%. Orders saw an 8% sequential growth and a 28% increase year-over-year. The company generated a trailing 12-month free cash flow of $211 million and deployed $6 million to acquire Voleatech, enhancing their cybersecurity capabilities. Belden also repurchased 1.2 million shares, totaling $115 million in buybacks. For the fourth quarter, they anticipate revenue between $645 million and $660 million, with an EPS range of $1.62 to $1.72.Revenue and EPS Beats Expectations
Revenue totaled $655 million, up 8% sequentially, and earnings per share came in at $1.70, up 13% sequentially, both exceeding the high end of guidance.
Strong Order Growth
Orders in the third quarter were up 8% sequentially and 28% year-over-year, marking the fourth consecutive quarter of order growth.
Successful Acquisition of Voleatech
Acquired Voleatech for $6 million to enhance Belden's cybersecurity capabilities, accelerating the integration of a unified security layer across all active devices.
Notable Wins in Mass Transit and Hospitality
Secured a multi-year opportunity with Deutsche Bahn worth EUR 25-45 million and a $2 million project with a gaming and leisure operator.
Positive Outlook for Q4
Revenues expected to be in the range of $645 million to $660 million, representing a 17% to 20% increase over the prior year quarter.
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BDC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $117.63 | $113.82 | -3.24% |
| Aug 01, 2024 | $92.60 | $100.43 | +8.46% |
| May 02, 2024 | $81.20 | $88.78 | +9.33% |
| Feb 08, 2024 | $74.35 | $84.06 | +13.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Belden Inc (BDC) report earnings?
Belden Inc (BDC) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Belden Inc (BDC) earnings time?
Belden Inc (BDC) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BDC EPS forecast?
BDC EPS forecast for the fiscal quarter 2024 (Q4) is $1.69.
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