Belden Inc. Q4 2025 Earnings Call Summary

Core Insights - The company achieved record full-year revenue of approximately $2.7 billion and record adjusted EPS of $7.54, driven by robust order momentum and the accelerating adoption of integrated solutions [1] - A transition to a unified functional operating model will take effect on January 1, 2026, aimed at eliminating legacy business silos and better aligning resources with the ongoing IT/OT convergence trend [1] Revenue and Growth - Solutions wins accounted for 15% of total revenue in 2025, marking a significant milestone in the shift from a component supplier to a comprehensive strategic partner [1] - Automation Solutions led organic growth at 11%, benefiting from strong demand in discrete manufacturing and energy verticals despite macroeconomic uncertainty [1] Cost Management and Strategic Focus - The company successfully managed copper inflation and tariffs through proactive pricing actions, which protected absolute dollar margins while causing some percentage-based margin dilution [1] - A strategic focus on 'physical AI' is driving new engagement in warehousing and smart manufacturing, where customers require low-latency, deterministic data orchestration [1] Market Expansion - The addressable market within Smart Buildings has been expanded by pivoting from commercial real estate toward high-demand verticals such as healthcare, hospitality, and data centers [1]