Belden Q2 revenue falls 13% to $604 million; adjusted EPS $1.51, down 21%
Belden reported second quarter 2024 revenue of $604 million, down 13% from a year earlier, with GAAP diluted EPS of $1.19 (down 26%) and adjusted EPS of $1.51 (down 21%). The company gave third quarter guidance of $635 million to $650 million in revenue and adjusted EPS of $1.55 to $1.65, and said it closed its acquisition of Precision Optical Technologies, Inc. during the quarter.
Key points
- Q2 revenue was $604 million versus $692 million a year earlier; organic revenue fell 13%.
- GAAP diluted EPS was $1.19 versus $1.60; adjusted EPS was $1.51 versus $1.91.
- Adjusted EBITDA was $99 million, with a 16.5% margin, down 130 basis points.
- Q3 2024 guidance: revenue of $635 million to $650 million and adjusted EPS of $1.55 to $1.65.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.