NYSE$BDC
Belden Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong results driven by organic revenue growth and strategic execution.
Belden Inc. reported a strong second quarter in 2022, with revenues totaling $667 million, a 16% increase compared to the previous year. Net income increased to $59 million, and adjusted EPS grew by 31%. The company is raising its full-year 2022 guidance due to the strong quarter and improved outlook.
- Revenues for the quarter totaled $667 million, up 16% compared to the year-ago period.
- Net income was $59 million, compared to $45 million in the year-ago period.
- Adjusted EPS was $1.60, a 31% increase compared to $1.22 in the second quarter 2021.
- Full year revenue guidance now represents organic revenue growth of 12% to 13%.
Headline financials
Revenue & EPS history
Belden · Revenue · Quarterly
$667M
Forward guidance
The Company expects third quarter 2022 revenues to be $625 - $640 million. Driven by stronger organic growth, for the year ending December 31, 2022, the Company now expects revenues to be $2.520 - $2.550 billion.
Tailwinds
- Full year revenue guidance now represents organic growth of 12% to 13%.
- The Company expects third quarter 2022 GAAP EPS to be $1.16 - $1.26.
- For the year ending December 31, 2022, the Company now expects GAAP EPS to be $4.67 - $4.87.
- The Company expects third quarter 2022 adjusted EPS to be $1.50 - $1.60.
- For the year ending December 31, 2022, the Company now expects adjusted EPS to be $5.90 - $6.10.
Headwinds
- The macroeconomic environment remains very dynamic with considerable uncertainties, including volatile foreign exchange rates and commodity prices.
- Compared to second quarter 2022 revenues, the Company expects third quarter 2022 revenues to be lower by approximately $25 million due to a stronger U.S. dollar and lower copper pass-through pricing.
- The impact of disruptions in the global supply chain, including the inability to obtain raw materials and components in sufficient quantities on commercially reasonable terms.
- The lack of certainty as to the duration and magnitude of the impact of COVID-19 and the economic recovery from that impact.
- Foreign and domestic political, economic and other uncertainties, including changes in currency exchange rates.
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 Q2 2022
+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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