Belden (BDC) Tops Q1 EPS by 22c; Guides Higher
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Belden Reports Strong Results for First Quarter 2022
May 4, 2022 7:30 AM EDTST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today reported fiscal first quarter 2022 results for the period ended April 3, 2022.
First Quarter 2022
Revenues for the quarter totaled $610.4 million, increasing $101.7 million, or 20%, compared to $508.7 million in the year-ago period. Net income was $44.1 million, compared to $29.1 million in the year-ago period. Net income as a percentage of revenue was 7.2%, compared to 5.7% in the year-ago period. EPS totaled $0.97, compared to $0.64 in the first quarter 2021.
Adjusted EBITDA was $99.5 million, increasing $22.9 million, or 30%, compared to $76.6 million in the... More
