EARNINGS RESULTS February 2025 4TH QUARTER 2024 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements Our commentary and responses to your questions may contain forward-looking statements, including our outlook for the first quarter of 2025 and beyond. Forward-looking statements include projections of sales, earnings, general economic conditions, market conditions, working capital, market shares, free cash flow, pricing levels, and effective tax rates. Belden disclaims any ob ...

Financial Data and Key Metrics Changes - For Q4 2024, revenue totaled $666 million, up 21% year-over-year, and earnings per share (EPS) was $1.92, exceeding guidance [8][29] - Adjusted EBITDA margins were 17.1%, an increase of 110 basis points compared to the prior year [8][31] - Full year free cash flow was strong at $223 million, slightly ahead of prior performance [11][40] Business Line Data and Key Metrics Changes - Automation Solutions segment revenue increased by 15% year-over-year, with EBITDA margins at 20.6% [34] - Smart Infrastructure Solutions segment revenue grew 27% year-over-year, with EBITDA margins at 13.3% [36] - Organic revenue growth for the full year was down 6%, with Automation Solutions down 6% and Smart Infrastructure Solutions down 5% [32] Market Data and Key Metrics Changes - The Americas showed organic growth of 23% in Q4, driven by strong performance in energy and process manufacturing [10][49] - Orders for the full year were up 9%, reaching nearly $2.5 billion [9][48] - EMEA markets remained weak, but there was double-digit organic growth in discrete markets [35][79] Company Strategy and Development Direction - The company is focused on strengthening its leadership in automation and infrastructure technologies through strategic acquisitions and product enhancements [15][19] - There is a commitment to advancing solutions capabilities and expanding partnerships, particularly with AWS [16][18] - The company aims to capitalize on re-industrialization trends in the U.S. and improve its competitive positioning in key growth verticals [52][53] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business environment improving, with expectations for record performance in 2025 [50][54] - There are short-term uncertainties due to policy evaluations, but management believes these will resolve positively [62][104] - The company anticipates a currency exchange headwind impacting revenue and EPS in 2025 [44][56] Other Important Information - The company repurchased approximately 1.3 million shares for $133 million in 2024, reducing share count by 10% over three years [12][41] - The next debt maturity is not until 2027, with all debt fixed at an average rate of 3.5% [43] Q&A Session Summary Question: Clarification on Q1 guidance and order patterns - Management indicated that Q1 guidance does not require a pickup in activity, as it is based on typical seasonality [62][66] Question: Impact of currency on $8 EPS target - Management acknowledged that achieving the $8 EPS target will depend on business conditions improving beyond Q1, with FX being a potential headwind [70][72] Question: Market conditions and customer posture - Management noted that while customers are currently in a neutral posture, sectors like energy and process manufacturing are expected to remain stable [79][80] Question: Solutions business performance - Solutions as a percentage of sales was approximately 10% to 12% for the year, with expectations for continued growth in 2025 [82][86] Question: Order backlog and visibility - The order backlog remains stable at just over $500 million, with no significant changes expected for Q1 [95][96]

Exhibit 99.1 Belden Reports Fourth Quarter and Full Year 2024 Results St. Louis, Missouri – February 6, 2025 - Belden Inc. (NYSE: BDC) ("Belden" or the "Company"), a leading global supplier of complete connection solutions, today reported fiscal fourth quarter and full year results for the period ended December 31, 2024. Fourth Quarter 2024 Highlights Full Year 2024 Highlights "I am proud of our team for delivering an excellent quarter and ending the year on a high note," said Ashish Chand, President and CE ...

Group 1 - The article discusses market activity in the Business Development Company (BDC) sector, focusing on both individual news and events as well as broader market trends [1] - It highlights the importance of yield and risk management considerations in investment strategies related to BDCs [1] Group 2 - The article includes a visual representation of cumulative performance data from 2017 to 2023, showing significant fluctuations in performance across the years [2] - The data indicates a peak performance of 1212% in 2021, followed by a decline of -19% in 2022, and a recovery trend in 2023 [2]

Financial Data and Key Metrics - Revenue for Q3 2024 was $655 million, up 8% sequentially and exceeding the high end of guidance [6] - Earnings per share (EPS) came in at $1.70, up 13% sequentially [6] - Adjusted EBITDA margins increased by 70 basis points sequentially to 17.2% [6] - Trailing-twelve-month free cash flow was $211 million, in line with recent performance [8] - Net income was $71 million, up from $62 million in the prior quarter [19] Business Segment Performance - Automation Solutions revenue declined by 3% organically year-over-year, with EBITDA margins at 21.4%, down from 22.5% in the prior year [20] - Smart Infrastructure Solutions revenue grew 13% year-over-year, with EBITDA margins at 12.7%, down from 13.3% in the prior year [21][22] - Orders in Automation Solutions were up 25% year-over-year, while Smart Infrastructure orders were up 31% year-over-year [18][23] Market Performance - Organic revenue growth returned to the Americas region, which constitutes over 60% of the business, with 1% year-over-year growth [7] - EMEA and APAC regions showed tempered results, but APAC is expected to improve with potential stimulus in China [7][61] Strategic Direction and Industry Competition - The company is focusing on solutions transformation, integrating IT and OT systems, and leveraging acquisitions like Voleatech to enhance cybersecurity capabilities [11][38] - The acquisition of Voleatech for $6 million accelerates the unification of security layers across active products [38] - The company is targeting mid-single-digit organic growth, 30% incremental EBITDA margins, and $200 million in capital deployment to achieve $8 EPS by 2025 [58] Management Commentary on Operating Environment and Future Outlook - Customers remain cautious, but the company expects steady order patterns and revenue growth in Q4, with revenue guidance of $645 million to $660 million [28] - The company is well-positioned for the next investment cycle, with a focus on high-data-need verticals and solutions-driven growth [31][32] - Economic indicators such as inflation and manufacturing PMI are encouraging, but the forward view is limited due to the short-cycle nature of the business [34] Other Important Information - The company repurchased 1.2 million shares year-to-date, using $115 million of free cash flow [10] - The Precision Optical acquisition contributed $34.5 million in revenue during Q3 [36] - The company maintains a strong balance sheet with a net leverage ratio of 2.1x and plans to reduce it to 1.5x over the long term [25][26] Q&A Session Summary Precision Optical and Voleatech Acquisitions - Precision Optical closed at the end of Q2 and contributed $34.5 million in revenue in Q3, in line with expectations [36] - Voleatech, a $6 million acquisition, is strategically important for unifying security layers across active products, though its revenue contribution is less than $1 million annually [38][39] Industrial End Markets and Recovery - Discrete automation markets remain weak, but other verticals like process and energy showed strength in Q3 [41] - The company expects a rebound in industrial markets, particularly in mass transit, hospitality, and healthcare, driven by integrated solutions [42] Margin and Growth Outlook - Gross margins are expected to improve by 50 to 75 basis points annually, driven by mid-single-digit growth and increased solutions sales [46] - Smart Infrastructure growth is driven by broadband investments and DOCSIS 4.0 upgrades, while Automation Solutions is seeing gradual improvement in process and energy verticals [49][50] Inventory and Destocking Trends - Inventory levels at distributors are consistent with long-term trends, but POS acceleration is still needed to fully recover from destocking [55][56] APAC Market and China Stimulus - APAC, particularly China, is expected to improve with potential stimulus, especially in mass transit, data centers, and power transmission [61][62] Customer Investment Plans - The sales funnel for projects is up mid to high single digits year-to-date, with strong growth in data and network solutions [65] - Customers are increasingly seeking integrated IT/OT systems and unified hardware-software stacks, aligning with the company's solutions strategy [66][67] Acquisition Strategy - The company is focused on edge hardware, wireless, and security acquisitions to enhance its solutions portfolio [70] - Voleatech differs from the previous Tripwire acquisition, focusing on network access control rather than compliance software [75] Smart Infrastructure Growth Drivers - The majority of Smart Infrastructure growth is driven by internal restructuring and solutions-focused sales, with some contribution from market recovery [77][78]

| --- | --- | |------------------------------------------------|-------| | | | | l@ Belden | | | 3RD QUARTER 2024 EARNINGS RESULTS October 2024 | | | Connect to what's possible. | | Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements Our commentary and responses to your questions may contain forward-looking statements, includinq our outlook for the fourth quarter of 2024 and beyond. Forward-looking statements include projections of sales, earnings, general economic conditio ...

Exhibit 99.1 Belden Reports Third Quarter 2024 Results St. Louis, Missouri – October 31, 2024 - Belden Inc. (NYSE: BDC) ("Belden" or the "Company"), a leading global supplier of network infrastructure and digitization solutions, today reported fiscal third quarter results for the period ended September 29, 2024. Third Quarter 2024 Highlights • Revenues of $655 million, up 4% y/y and down 2% y/y organically • GAAP EPS of $1.30, down 24% y/y • Adjusted EPS of $1.70, down 4% y/y • Executed $20 million of share ...

2 ND QUARTER 2024 EARNINGS RESULTS August 2024 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements Our commentary and responses to your questions may contain forward-looking statements, including our outlook for the third quarter of 2024 and beyond. Forward-looking statements include projections of sales, earnings, general economic conditions, market conditions, working capital, market shares, free cash flow, pricing levels, and effective tax rates. Belden disclaims any obl ...

Belden Inc. (NYSE:BDC) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Aaron Reddington - VP, IR Ashish Chand - President & CEO Jeremy Parks - SVP & CFO Conference Call Participants William Stein - Truist Securities David Williams - Benchmark Robert Jamieson - Vertical Research Partners Mark Delaney - Goldman Sachs Chris Dankert - Loop Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to this morning's Belden reports Second Quarter 2024 Results Call. J ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ FORM 10-Q _________________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. Commission File No. 001-12561 ____________ ...