Belden Increases Full-year Guidance - Quick Facts

(RTTNews) - Belden Inc. (BDC) announced, for the full year ending December 31, 2016, the company now expects adjusted revenues to be $2.32 - $2.37 billion compared to the previously guided range of $2.295 - $2.345 billion. The expected range of adjusted EPS is now $5.15 - $5.45 compared to the previously guided range of $5.10 - $5.40. Analysts polled by Thomson Reuters expect the company to report profit per share of $5.28 on revenue of $2.33 billion. Analysts' estimates typically exclude special items.

"We expect our Broadband, Enterprise, and Network Security businesses will continue to perform well and benefit from favorable end-market conditions. Although our industrial businesses are down year-over-year, sequential performance, backlog, and order rates suggest stability that should lead to a better second half," said John Stroup, President and CEO of Belden.

The company expects second-quarter adjusted revenues to be $570 - $590 million and adjusted EPS to be $1.20 - $1.30. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.26 on revenue of $582.82 million.

First-quarter adjusted EPS increased to $1.01 from $1.00 in the first quarter 2015. Adjusted revenues for the quarter totaled $543.8 million, declining 4.5%, compared to $569.5 million in the first quarter 2015.