Belden reports Q3 adjusted EPS $1.70, consensus $1.61

Reports Q3 revenue $654.93M, consensus $643.61M. “I am pleased that our team continues to navigate this dynamic environment and delivered another solid quarter,” said Ashish Chand, president and CEO of Belden (BDC). “Demand was stable, with both revenues and EPS exceeding expectations. Performance for the quarter was steady, with improved sequential margins and continued growth in orders, up 8% sequentially and 28% on a year-over-year basis. We continue to capitalize on our strong financial position to increase shareholder value, deploying $115 million towards share repurchases year-to-date, further reducing our share count by 1.2 million shares.”