Belden (BDC) Prelim. Q1 Results Miss Consensus

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Go back to Belden (BDC) Prelim. Q1 Results Miss Consensus

Belden Announces Preliminary First Quarter 2020 Results, Maintains Strong Balance Sheet and Liquidity

April 13, 2020 7:30 AM EDT

ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today announced preliminary fiscal first quarter 2020 results for the period ended March 29, 2020. In addition, as a result of the significant uncertainties arising from the rapidly-evolving COVID-19 situation, the Company is withdrawing the full-year 2020 revenue and EPS guidance that it previously provided. The prior guidance did not reflect any impact from COVID-19. The Company maintains a strong balance sheet and liquidity position.

First Quarter 2020

The Company now expects first quarter 2020 revenues to be $460 - $465 million,... More