Belden Posts Record Q2 Revenue of $750M, Guides Q3 Above $950M
BDC is trading near its 52-week low of $98 (13% above the low).
Summary
Belden delivered record Q2 revenue of $750M, up 12% y/y, slightly beating estimates, with adjusted EPS of $2.34 beating expectations by 24%. Orders surged 19% to a record $836M, yielding a book-to-bill of 1.11, signaling strong demand across end markets including AI data centers. The RUCKUS Networks acquisition closed July 1, adding to the portfolio. Q3 guidance calls for revenue of $950M-$970M and adjusted EPS of $2.15-$2.30, reflecting the RUCKUS contribution and robust order backlog. This follows the $1.87B RUCKUS deal funded by a $1.85B term loan, now integrated into the outlook. The earnings call at 8:30 am ET will provide further color on integration and demand trends.
At the time of this announcement, BDC was trading at $111.00 on NYSE in the Technology sector, with a market capitalization of approximately $4B. The 52-week trading range was $98.00 to $159.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.