Belden Q3 revenue rises 4% to $655 million, but GAAP EPS falls 24% to $1.30
Belden reported fiscal third quarter 2024 revenue of $655 million, up 4% year over year but down 2% organically, with growth driven mainly by the Precision Optical Technologies acquisition. GAAP earnings per diluted share fell 24% to $1.30, and adjusted EPS fell 4% to $1.70, while the company gave fourth quarter revenue guidance of $645 million to $660 million.
Key points
- Revenue of $655 million, up 4% year over year and down 2% organically; Automation Solutions down 3% and Smart Infrastructure Solutions down 1% organically.
- GAAP EPS of $1.30 versus $1.70 a year earlier; adjusted EPS of $1.70 versus $1.78. The prior-year quarter included a $12 million one-time pre-tax gain from an asset sale.
- Fourth quarter 2024 guidance: revenue of $645 million to $660 million, GAAP EPS of $1.05 to $1.15, and adjusted EPS of $1.62 to $1.72.
- Share repurchases of $20 million in the quarter and $115 million year to date through October 29, 2024.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing 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 October 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.