Belden reports Q1 adjusted EPS $1.24, consensus $1.06

Reports Q1 revenue $535.68M, consensus $514.85M. “Stability once again is the key takeaway this quarter, with our teams delivering first quarter revenues and EPS exceeding expectations,” said Ashish Chand, president and CEO of Belden Inc. “Our team executed well in a dynamic environment as customers continue to work through inventory. We remain focused on growing our solutions capabilities through organic growth and disciplined capital deployment. Therefore, I am pleased to announce we entered into an agreement to acquire Precision Optical Technologies, Inc., as the newest addition to our Enterprise Solutions segment. With a strong optical transceiver and fiber product set, the addition will further expand our portfolio and increase our solutions offerings.”