Belden (BDC): Sales Beat Estimates, Revenue Guidance Misses Expectations

Financial Highlights (Q4 CY2024)

* Revenue: $666 million (1.7% beat, 20.8% YoY growth)
* Adjusted EPS: $1.92 (13.6% beat)
* Adjusted EBITDA: $114.1 million (17.1% margin, 3% beat)

Revenue Guidance (Q1 CY2025)

* Midpoint: $612.5 million, below estimates ($633.5 million)
* Adjusted EPS guidance: $1.48 midpoint, below estimates ($1.62)

Key Metrics

* Operating Margin: 10.4%, up from 8% YoY
* Free Cash Flow Margin: 17.5%, down from 19% YoY
* Market Capitalization: $4.69 billion

Company Overview

Belden designs, manufactures, and sells electronic components used in various industries, including telecommunications, data centers, and industrial automation.

Growth and Performance

* Long-term (5-year) annualized revenue growth: 2.9%
* Past 2 years revenue growth: -2.8%
* Current quarter revenue growth: 20.8% YoY
* Projected 12-month revenue growth: 11.3%

Profitability

* Average operating margin (5-year): 11.4%
* Q4 CY2024 operating margin: 10.4%
* Trailing 12-month EPS growth: 7.2% (compounded annualized)

EPS Drivers

* Improved operating margin (4.1% gain over 5 years)
* Share buyback program (10.1% reduction over 5 years)

Quarterly Results

* Q4 CY2024 EPS: $1.92, up from $1.46 YoY
* Beat analyst estimates by 13.6%

Outlook and Valuation

* Mixed quarter, with revenue and EPS exceeding expectations but weaker guidance
* Stock price declined 5% after earnings release
* Long-term business quality and valuation should be considered before investing

Full Research Report

For a comprehensive analysis of Belden's financial performance, including valuation and investment recommendations, please access our full research report here: [Link to Full Research Report]