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Belden will celebrate Investor Day 2022 today and reaffirm guidance for 2022

ST. LOUIS–(COMMERCIAL WIRE)–Belden Inc. (NYSE: BDC), a leading global provider of specialty networking solutions, will host its Investor Day today from 10:00 am to 1:30 pm ET at the Stock Exchange from New York. Belden will also offer a live webcast from 10:00 am to 12:00 pm ET for those unable to attend the event in person. The webcast and accompanying slideshow will be available at https://investor.belden.com, and will remain available after the event.

Roel Vestjens, Chairman and Chief Executive Officer, and Jeremy Parks, Senior Vice President and Chief Financial Officer, will provide a detailed update on the company’s strategy to create shareholder value and announce new long-term financial goals. A question and answer session with Belden’s senior leadership team will follow the presentation.

During the presentation, the Company will reaffirm its current guidance for the second quarter and full year of 2022. The Company expects second quarter 2022 revenue to be $625 million to $640 million. For the year ending December 31, 2022, the Company expects revenue to be $2.48 billion to $2.53 billion.

The Company expects second quarter 2022 GAAP EPS of $0.98 – $1.08 and adjusted EPS of $1.35 – $1.45. For the year ending December 31, 2022, the Company expects GAAP EPS of $4.31 – $4.61 and adjusted EPS of $5.55 – $5.85.

Earnings per share (EPS)

All references to EPS within this release refer to earnings from continuing operations per diluted share attributable to Belden shareholders.

Use of non-GAAP financial information

Adjusted results are non-GAAP measures that reflect certain adjustments the Company makes to provide information about operating results. GAAP to non-GAAP reconciliations accompany this release and have been posted in the investor relations section of the Company’s website at https://investor.belden.com.

BELDEN INC.

RECONCILIATION OF NON-GAAP MEASURES

ORIENTATION 2022

year ended

three months done

December 31, 2022

July 3, 2022

GAAP income from continuing operations per diluted share attributable to Belden common stockholders

$4.31 – $4.61

$0.98 – $1.08

Amortization of intangible assets

0.70

0.18

Severance costs for dismissal, restructuring and integration acquisition

0.43

0.19

Debt extinction loss

0.11

Adjusted earnings from continuing operations per diluted share attributable to Belden common stockholders

$5.55 – $5.85

$1.35 – $1.45

Our guidance is based on currently available information about events and conditions that will affect our future operating results. In particular, our results are subject to the factors listed under “Forward-Looking Statements” in this release. In addition, our actual results are likely to be affected by additional events for which no information is available, such as asset impairment, adjustments related to acquisitions and divestitures, termination costs, restructuring and integration of acquisitions, recognized gains (losses) on the disposal of tangible assets, gains (losses) on extinguishment of debt, discontinued operations and other gains (losses) related to events or conditions not yet known.

Forward-looking statements

This release and any statements we make on the subject matter of this release may contain forward-looking statements, including our expectations for the second quarter and full year 2022, as well as aspirational statements about performance in future years. Forward-looking statements also include any statements about future financial performance (including revenues, expenses, earnings, margins, cash flows, dividends, capital expenditures and financial condition), plans and objectives, and related assumptions. In some cases, these statements can be identified by the use of words such as “anticipate”, “believe”, “estimate”, “forecast”, “guid”, “expect”, “intend”, “plan”, “project” , “objective”, “can”, “could”, “may”, “should”, “will”, “would” and similar expressions. Forward-looking statements reflect management’s current beliefs and expectations and are not guarantees of future performance. Actual results may differ materially from those suggested by any forward-looking statements for a variety of reasons, including, but not limited to: the impact of global supply chain disruptions, including the inability to obtain raw materials and components in sufficient quantities on commercially reasonable. terms; the lack of certainty as to the duration and magnitude of the impact of COVID-19 and the economic recovery from that impact; domestic and foreign political, economic and other uncertainties, including changes in currency exchange rates; the impact of a challenging global economy or recession on the markets served; failure to successfully complete and integrate acquisitions in compliance with the Company’s strategic plan; difficulty forecasting revenue due to unpredictable timing of customer project-related orders as well as channel inventory impacts; inflation and changes in the price and availability of raw materials leading to higher input and labor costs; failure to execute and realize the expected benefits of strategic initiatives (including revenue growth, cost control and productivity improvement programs); the inability to retain key employees; the increased influence of CIOs on purchasing decisions; disruptions to the Company’s information systems, including due to cyber attacks leading to the exposure of personally identifiable information; changes in tax laws and variability in the Company’s quarterly and annual effective tax rates; the competitiveness of the global markets in which we operate; the presence of substitute products on the market; the increased prevalence of cloud computing; the Company’s inability to develop and introduce new products and competitive responses to our products; failure to achieve our strategic priorities in emerging markets; the impact of changes in global tariffs and trade agreements; volatility in credit and foreign exchange markets; the presence of activists proposing certain Company actions; perceived or actual product failures; risks related to the use of open source software; interruption or changes in the Company’s key distribution channels; claims that the Company violates the intellectual property of others and the ownership of the intellectual property of competitors and others that impede the use of that intellectual property by the Company; the impact of regulatory requirements and other legal compliance issues; the impairment of goodwill and other intangible assets and the resulting impact on financial performance; disruptions and increased costs related to collective bargaining groups and other labor matters; and other factors.

For a more complete discussion of risk factors, please see our Annual Report on Form 10-K for the period ended December 31, 2021, filed with the SEC on February 15, 2022. Although the contents of this release represents our best judgment as of the date of this report based on currently available information and reasonable assumptions, we do not guarantee that expectations will turn out to be accurate. Deviations from expectations may be material. For these reasons, Belden cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Belden disclaims any obligation to update any forward-looking statement as a result of new information, future developments or otherwise, except as required by law.

About Belden

Belden Inc. offers a comprehensive portfolio of products designed to meet the mission-critical network infrastructure needs of industrial and enterprise markets. With innovative solutions aimed at the reliable and secure transmission of the rapidly growing amounts of audio, video and data needed for today’s applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North America, Europe, Asia and Africa. For more information, visit us at www.belden.com or follow us on Twitter @BeldenInc.

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