NYSE$BDC
Belden Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported strong first-quarter results with revenue growth and margin expansion, and completed the acquisition of Berthold Sichert GmbH.
Belden reported a strong first quarter with a 5% increase in total revenues to $642 million and a 7% organic growth. GAAP EPS increased by 49% to $1.45, and adjusted EPS rose by 28% to $1.68. The company also completed the acquisition of Berthold Sichert GmbH for $98 million and executed $50 million in share repurchases.
- Total revenues reached $642 million, a 5% year-over-year increase.
- Organic growth was 7% year-over-year.
- GAAP EPS increased by 49% year-over-year to $1.45.
- Adjusted EPS increased by 28% year-over-year to $1.68.
Headline financials
Revenue & EPS history
Belden · Revenue · Quarterly
$642M
Forward guidance
Belden has updated its full-year guidance and raised 2023 Revenues and Adjusted EPS. For the second quarter of 2023, Belden expects revenues of $675 - $690 million, organic growth of 3% - 5%, GAAP EPS of $1.36 - $1.46, and Adjusted EPS of $1.70 - $1.80. For the full year 2023, Belden expects revenues of $2.710 - $2.760 billion, organic growth of 3% - 5%, GAAP EPS of $5.71 - $6.01, and Adjusted EPS of $6.95 - $7.25.
Tailwinds
- Long-term secular trends with lengthy investment cycles benefit Belden's business.
- Investments in automation, reshoring, and increased connectivity drive earnings growth.
- Increasing bandwidth usage and network upgrades support Belden's growth.
- Confident in the ability to execute strategy and generate sustainable, long-term shareholder value.
- Making excellent progress towards achieving at least $8.00 of Adjusted EPS by 2025.
Headwinds
- Uncertain macro conditions.
- Impact of a challenging global economy or a downturn in served markets.
- Competitiveness of the global markets.
- Inability to develop and introduce new products.
- Impact of disruptions in the global supply chain.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.7%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.8%
Avg return
30 days after
54%
36 / 67 earnings
Positive
+22.4%
Q3 2015
Best reaction
-18.6%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -11.3% | -12.1% | -17.6% | |
| Q4 2025 | +6.1% | +3.0% | -19.5% | |
| Q3 2025 | +1.7% | -1.4% | -5.0% | |
| Q1 2025 | -1.7% | +0.4% | +3.0% | |
| Q3 2024 | -2.1% | +0.7% | +4.0% | |
| Q2 2024 | +7.2% | +4.1% | +15.7% | |
| Q1 2024 | +8.5% | +11.2% | +17.7% | |
| Q4 2023 | +11.7% | +11.2% | +20.3% | |
| Q3 2023 | -9.4% | -11.1% | -4.7% | |
| Q2 2023 | -7.2% | -7.2% | -0.1% | |
| Q1 2023 | -1.2% | +1.1% | +13.4% | |
| Q4 2022 | +5.9% | +8.8% | +0.8% | |
| Q3 2022 | +3.5% | +8.8% | +14.7% | |
| Q2 2022 | +4.2% | +4.6% | -0.4% | |
| Q1 2022 | +7.6% | +6.3% | +9.5% | |
| Q4 2021 | -2.3% | -2.6% | -2.3% | |
| Q3 2021 | -2.1% | +1.4% | -4.6% | |
| Q2 2021 | +5.0% | +5.7% | +19.0% | |
| Q1 2021 | +17.6% | +20.6% | +24.9% | |
| Q4 2020 | -13.7% | -14.8% | -14.7% | |
| Q3 2020 | -5.2% | -4.0% | +20.3% | |
| Q2 2020 | +1.4% | +1.5% | +7.2% | |
| Q1 2020 | -4.1% | -11.3% | -4.5% | |
| Q4 2019 | +7.9% | +3.3% | -17.0% | |
| Q3 2019 | -7.5% | -2.3% | -3.0% | |
| Q2 2019 | -18.6% | -20.0% | -19.0% | |
| Q1 2019 | +8.8% | +11.7% | -7.8% | |
| Q4 2018 | +6.6% | +9.4% | -5.2% | |
| Q3 2018 | -7.9% | -3.0% | -1.8% | |
| Q2 2018 | +8.9% | +7.2% | +12.3% | |
| Q1 2018 | -5.7% | -3.7% | -10.7% | |
| Q4 2017 | -12.3% | -14.1% | -13.0% | |
| Q3 2017 | +2.5% | +2.9% | +5.2% | |
| Q2 2017 | +0.6% | -0.2% | +6.7% | |
| Q1 2017 | +7.2% | +7.7% | +8.3% | |
| Q4 2016 | +0.7% | -1.1% | -6.3% | |
| Q3 2016 | -5.4% | -0.7% | +16.0% | |
| Q2 2016 | +9.3% | +5.0% | +5.8% | |
| Q1 2016 | -2.4% | — | — | |
| Q4 2015 | +19.7% | — | — | |
| Q3 2015 | +22.4% | — | — | |
| Q2 2015 | -11.7% | — | — | |
| Q1 2015 | -8.6% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +6.3% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q2 2013 | +4.1% | — | — | |
| Q1 2013 | +8.7% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q3 2012 | +2.9% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | +2.3% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | -4.8% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q1 2010 | -1.5% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2010 | +3.9% | — | — | |
| Q4 2008 | +3.9% | — | — | |
| Q3 2009 | -1.8% | — | — | |
| Q3 2010 | -1.8% | — | — | |
| Q2 2010 | -5.9% | — | — | |
| Q2 2009 | -5.9% | — | — | |
| Q4 2009 | -5.9% | — | — |
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