Belden Inc. (NYSE: BDC), a global leader in high quality,
end-to-end signal transmission solutions for mission-critical
applications, will host its 2017 Investor and Analyst webcast today
at 3pm EST. John Stroup, President, CEO and Chairman, and Henk
Derksen, Senior Vice President, Finance and CFO, will provide color
on Belden’s business trends and financial goals.
During the presentation, the Company will reiterate its current
guidance for the fourth quarter and full year ending December 31,
2017.
The Company expects fourth quarter 2017 revenues to be $641 –
$661 million. For the full year ending December 31, 2017, the
Company expects revenues to be $2.425 - $2.445 billion.
The Company expects fourth quarter 2017 GAAP EPS to be $1.61 –
$1.71. For the full year ending December 31, 2017, the Company
expects GAAP EPS to be $2.50 - $2.60.
The Company expects fourth quarter 2017 adjusted EPS to be $1.71
– $1.81. For the full year ending December 31, 2017, the Company
expects adjusted EPS to be $5.45 - $5.55.
In addition, the Company will communicate full year 2018
guidance.
Webcast
The live webcast will begin at 3pm EST and can be accessed via
the following link:
http://investor.belden.com/investor-relations/events/event-details/2017/Belden-Investor-Day-2017/default.aspx
Live Audio Q&A Bridge
Audience members wanting to ask questions via the live audio
bridge can dial 866-393-4306 in the United States or 734-385-2616
outside of the U.S. using conference ID #90215700.
Following the event, a replay of today's meeting, including
slides, will be accessible via webcast at
http://investor.belden.com/.
BELDEN INC.
RECONCILIATION OF NON-GAAP
MEASURES
2017 EARNINGS GUIDANCE
Year Ended
December 31, 2017
Three Months Ended
December 31, 2017
Adjusted income per diluted share attributable to Belden
common stockholders $5.45 - $5.55 $1.71 - $1.81 Amortization of
intangible assets $(1.51) $(0.07) Loss on debt extinguishment
$(0.76) $0.00 Severance, restructuring, and acquisition integration
costs $(0.59) $(0.02) Purchase accounting effects related to
acquisitions $(0.09) $(0.01) GAAP income per diluted share
attributable to Belden common stockholders $2.50 - $2.60 $1.61 -
$1.71
Our guidance for income per diluted share attributable to Belden
common stockholders is based upon information currently available
regarding events and conditions that will impact 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 impacted by other
additional events for which information is not available, such as
asset impairments, purchase accounting effects related to
acquisitions, severance, restructuring, and acquisition integration
costs, gains (losses) recognized on the disposal of tangible
assets, gains (losses) on debt extinguishment, discontinued
operations, and other gains (losses) related to events or
conditions that are not yet known.
Earnings per Share (EPS)
All references to EPS within this earnings release refer to
income from continuing operations per diluted share attributable to
Belden common stockholders.
Use of Non-GAAP Financial Information
Adjusted results are non-GAAP measures that reflect certain
adjustments the Company makes to provide insight into operating
results. GAAP to non-GAAP reconciliations accompany the condensed
consolidated financial statements included in this release and have
been published to the investor relations section of the Company’s
website at http://investor.belden.com.
Forward-Looking Statements
This release and any statements made by us concerning the
release may contain forward-looking statements including our
expectations for the fourth quarter and full-year 2017, as well as
for full-year 2018. Forward-looking statements include statements
regarding 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 are
identifiable through the use of words such as “anticipate,”
“believe,” “estimate,” “forecast,” “guide,” “expect,” “intend,”
“plan,” “project,” “target,” “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 number of reasons, including, without limitation: the impact
of a challenging global economy or a downturn in served markets;
the competitiveness of the global broadcast, enterprise, and
industrial markets; the inability to successfully complete and
integrate acquisitions in furtherance of the Company’s strategic
plan; volatility in credit and foreign exchange markets;
variability in the Company’s quarterly and annual effective tax
rates; the cost and availability of raw materials including copper,
plastic compounds, electronic components, and other materials;
disruption of, or changes in, the Company’s key distribution
channels; the inability to execute and realize the expected
benefits from strategic initiatives (including revenue growth, cost
control, and productivity improvement programs); disruptions in the
Company’s information systems including due to cyber-attacks; the
inability of the Company to develop and introduce new products and
competitive responses to our products; the inability to retain
senior management and key employees; assertions that the Company
violates the intellectual property of others and the ownership of
intellectual property by competitors and others that prevents the
use of that intellectual property by the Company; risks related to
the use of open source software; the impact of regulatory
requirements and other legal compliance issues; perceived or actual
product failures; political and economic uncertainties in the
countries where the Company conducts business, including emerging
markets; the impairment of goodwill and other intangible assets and
the resulting impact on financial performance; disruptions and
increased costs attendant 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 year ended December 31, 2016,
filed with the SEC on February 17, 2017. Although the content of
this release represents our best judgment as of the date of this
report based on information currently available and reasonable
assumptions, we give no assurances that the expectations will prove
to be accurate. Deviations from the expectations may be material.
For these reasons, Belden cautions readers to not place undue
reliance on these forward-looking statements, which speak only as
of the date made. Belden disclaims any duty to update any
forward-looking statements as a result of new information, future
developments, or otherwise, except as required by law.
About Belden
Belden Inc. delivers a comprehensive product portfolio designed
to meet the mission-critical network infrastructure needs of
industrial, enterprise and broadcast markets. With innovative
solutions targeted at reliable and secure transmission of rapidly
growing amounts of data, audio and video 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 and South
America, Europe and Asia. For more information, visit us at
www.belden.com or follow us on Twitter @BeldenInc.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171205005311/en/
Belden Inc.Investor Relations,
314-854-8054Investor.Relations@Belden.com
Belden (NYSE:BDC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Belden (NYSE:BDC)
Historical Stock Chart
From Sep 2023 to Sep 2024