Belden(US:BDC)2025-05-01 11:50Financial Performance - Revenues for Q1 2025 increased by $89 million, or 17%, to $625 million from $536 million in the prior year[4] - Organic revenue growth was 11%, with Automation Solutions up 16% and Smart Infrastructure Solutions up 6%[4] - Net income for the quarter was $52 million, compared to $37 million in the year-ago period, representing a net income margin of 8.3%[4] - Adjusted EBITDA was $104 million, up $19 million, or 23%, with an adjusted EBITDA margin of 16.6%[5] - GAAP EPS for the quarter was $1.27, up 41% year-over-year, while adjusted EPS was $1.60, increasing 29% year-over-year[8] - Revenues for the three months ended March 30, 2025, were $624,861,000, an increase of 16.6% compared to $535,675,000 for the same period in 2024[19] - GAAP net income for the three months ended March 30, 2025, was $51,937,000, representing a 39.2% increase from $37,309,000 in the same period of 2024[19] - Adjusted net income attributable to Belden stockholders was $65,485,000 for the three months ended March 30, 2025, compared to $51,276,000 for the same period in 2024[19] - GAAP income per diluted share attributable to Belden stockholders for the three months ended March 30, 2025, was $1.27, up from $0.90 in the same period of 2024[19] - Adjusted EBITDA for the three months ended March 30, 2025, was $103,965,000, compared to $84,748,000 for the same period in 2024, reflecting an adjusted EBITDA margin of 16.6%[19] - The company reported GAAP gross profit margin of 39.3% for the three months ended March 30, 2025, compared to 37.6% for the same period in 2024[19] Future Guidance - For Q2 2025, revenues are expected to be between $645 million and $660 million, representing a 7% to 9% increase year-over-year[6] - GAAP EPS guidance for Q2 2025 is between $1.25 and $1.35, while adjusted EPS is expected to be between $1.67 and $1.77[9] - The company provided guidance for GAAP income per diluted share for the second quarter of 2025, estimating a range of $1.25 to $1.35[22] Shareholder Actions - The company repurchased 1.0 million shares for $100 million year-to-date through April 30, 2025[3] Strategic Investments - The company continues to invest in automation and smart infrastructure technologies to capitalize on reindustrialization trends[7] Asset Management - Total current assets decreased to $1,132.5 million from $1,196.2 million as of December 31, 2024[14] Cash Flow - Free cash flow for the three months ended March 30, 2025, was $(24,655,000), compared to $(21,469,000) for the same period in 2024[21] Importance of Adjusted Results - The company highlighted the importance of adjusted results for evaluating ongoing operations and underlying business trends[17]