Belden Grows Earnings 13 Percent on Flat Revenue in Q1 2012

Posted by Joe Zaller
May 11 2012

Cable specialist Belden, which owns Telecast Fiber Systems, reported that its revenue for its fiscal quarter of 2012 was $464.3m, flat versus the same period a year ago, and above the $451.8m consensus analyst estimate.

The company said that stronger demand from the Americas offset weak international sales.

Despite flat year-over-year revenue growth, the company managed a double digit profit increase versus last year.

Company president and CEO John Stroup said he was pleased with the results.  “Our ability to expand margins and achieve 13% earnings growth demonstrates our improved business portfolio and consistent execution. The strong performance in the Americas more than offset the softer end-markets in Europe and China. This clearly shows the benefit of having built a globally diversified portfolio. We continue to make progress towards transforming the Company and accomplishing our long-term goals.”

 

Outlook

For the full year 2012, Belden expects revenues to be $1.98 – $2.02 billion and income from continuing operations per diluted share to be $2.75 – $2.90. “This guidance implies stronger year-over-year organic growth in the second half than the first, based primarily on the relative customer and channel inventory dynamic experienced one year ago,” said Stroup

“We expect to build upon the strong margins of the first quarter with seasonally higher revenue and favorable product platform mix in the second quarter. Therefore, we expect our second quarter 2012 revenues to be $500 – $510m and income from continuing operations per diluted share to be $0.73 – $0.78.”

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Related Content:

Press Release: Belden Earnings up 13% in First Quarter 2012

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One Response

  1. Freelancer says:

    Impressive outcome…

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