Belden reports Q1 adjusted EPS $1.68, consensus $1.54

Reports Q1 revenue $641.79M, consensus $624.56M. "Once again, Belden delivered another strong quarter of continued revenue growth with expanding margins. By focusing on customer success and business outcomes, our team continues to transform Belden into a leading network and data solutions provider," said Ashish Chand, President and CEO of Belden Inc. "We remain focused on growing our solutions offerings – both through organic growth opportunities and our disciplined acquisition strategy. Therefore, we are pleased to report the acquisition of Sichert, which further expands our fiber portfolio in key growth markets. Additionally, consistent with our capital allocation priorities, we invested $50 million in share repurchases during the quarter, and the board of directors approved an additional $300 million authorization for future share repurchases."