Belden (BDC) Tops Q1 EPS by 5c; Raises Outlook
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Belden Reports Strong Results for First Quarter 2018
May 2, 2018 7:30 AM EDTST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for mission-critical applications, today reported fiscal first quarter 2018 results for the period ended April 1, 2018.
First Quarter 2018
On a GAAP basis, revenues for the quarter totaled $605.6 million, increasing $54.2 million, or 9.8%, compared to $551.4 million in the first quarter 2017. Net income was $2.6 million, a decrease of $23.1 million from the prior-year period. Net income was impacted by a $15.2 million after-tax loss on debt extinguishment related to our recent debt refinancing and repayment. In addition, net income for the first... More
