Belden(US:BDC)2025-10-30 11:54Financial Performance - Record Revenues of $698 million, up 7% year-over-year, with organic growth of 4%[3] - Adjusted EPS reached $1.97, a 16% increase year-over-year, while GAAP EPS was $1.41, up 8% year-over-year[4][7] - Net income for the quarter was $57 million, compared to $54 million in the year-ago period, representing 8.1% of revenues[4] - Adjusted EBITDA was $119 million, up 5% year-over-year, with an adjusted EBITDA margin of 17.0%[5] - Revenues for the three months ended September 28, 2025, were $698,221,000, up 6.6% from $654,926,000 in the same period of 2024[19] - Net income for the nine months ended September 28, 2025, was $169,633,000, an increase of 21.2% compared to $140,032,000 for the same period in 2024[15] - Adjusted gross profit for the nine months ended September 28, 2025, was $776,571,000, representing a 13.6% increase from $683,723,000 in the prior year[19] - The company reported a gross profit of $263 million for the quarter, with a gross profit margin of approximately 37.7%[12] - The company reported a GAAP gross profit margin of 38.5% for the nine months ended September 28, 2025, compared to 37.5% in the same period of 2024[19] Guidance and Projections - Guidance for Q4 2025 projects revenues between $690 million and $700 million, with adjusted EPS between $1.90 and $2.00[9] - The company expects GAAP income per diluted share for the three months ending December 31, 2025, to be in the range of $1.40 to $1.50[22] - Adjusted income per diluted share for the same period is projected to be between $1.90 and $2.00[22] Cash Flow and Capital Expenditures - Free cash flow for the nine months ended September 28, 2025, was $97,610,000, compared to $106,704,000 for the same period in 2024[21] - Capital expenditures for the nine months ended September 28, 2025, totaled $97,034,000, an increase from $70,759,000 in the prior year[21] - Net cash provided by operating activities for the nine months ended September 28, 2025, was $194,476,000, an increase from $177,357,000 in the prior year[21] - The company experienced a decrease in cash and cash equivalents of $56,045,000 for the nine months ended September 28, 2025, compared to a decrease of $274,062,000 in the same period of 2024[15] Business Segments - Automation Solutions segment revenues increased by 10%, while Smart Infrastructure Solutions segment revenues decreased by 1%[4][13] Strategic Focus and Challenges - The company emphasizes a commitment to innovation and operational discipline to capitalize on future growth opportunities[6] - Belden anticipates a challenging global economy impacting future financial performance, including revenues and margins[23] - The company warns of potential disruptions in the global supply chain affecting the timely acquisition of raw materials[23] - Belden acknowledges the impact of inflation and rising input costs on financial performance[23] - Belden's strategic initiatives aim for revenue growth and cost control, but execution risks remain[23] - The company emphasizes the importance of developing and introducing new products to maintain competitiveness in the market[23] Corporate Governance and History - The company is focused on environmental, social, and governance matters to meet increasing expectations[23] - Belden has manufacturing capabilities across North America, Europe, Asia, and Africa, enhancing its global reach[25] - Belden's forward-looking statements reflect management's current beliefs and expectations, which may not guarantee future performance[24] - The company has a history of over 120 years, emphasizing its commitment to making connections[25] Investor Relations - Belden's investor relations contact is available for further inquiries regarding financial performance[26]