Belden reports Q3 adjusted EPS $1.78, consensus $1.76

Reports Q3 revenue $627M, consensus $635.11M. “During Q3, as previously communicated, weak demand across our markets presented challenges, yet our expanding solutions-driven mix drove gross margin outperformance,” said Ashish Chand, CEO. “As we look ahead, we expect the challenges that have emerged to persist into the fourth quarter and most likely into the coming year. We will mitigate temporary demand weakness by taking productivity measures to better align with these expected conditions. With continued focus on our solutions business, we aim to not only capture share and support better margins but to further strengthen our robust foundation for sustainable long-term growth.”