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© roza-dreamstime.com Electronics Production | February 07, 2013

Belden down 2.2% in 2012

Belden saw their Q4 revenue total at USD 477.7 million, up USD 36.4 million, or 8.2%, compared to USD 441.3 million in the fourth quarter 2011
Adjusted revenue for the quarter totaled USD 481.2 million, up USD 39.9 million, or 9.0%, compared to USD 441.3 million in the fourth quarter 2011.

John Stroup, President and CEO of Belden Inc., said, “Our performance in the fourth quarter was consistent with trends experienced all year; strength in industrial end-markets was offset by weaker enterprise demand. I’m pleased with the progress we’ve made on expanding margins in a challenged macroeconomic environment and believe we’re well positioned going forward.”

Full Year 2012

Revenue for the year totaled USD 1.84 billion, down USD 40 million, or 2.2%, compared to USD 1.88 billion in the full year 2011.

Adjusted revenue for the year totaled USD 1.85 billion, down USD 30 million, or 1.9%, compared to USD 1.88 billion in 2011.

Mr. Stroup remarked, “Our 2012 results reflect an exciting year at Belden. In a challenged global economy, we grew adjusted earnings by almost 17%, while expanding margins to record levels and continuing to generate strong cash flow. I’m pleased with our ability to improve our portfolio through a series of inorganic actions. We have reached a critical point in our transformation, evolving into a provider of innovative signal transmission solutions with the following four global business platforms: Industrial IT, Industrial Connectivity, Enterprise Connectivity and Broadcast Solutions.”

Outlook

“We are off to a solid start in 2013 with an extremely strong business portfolio. We remain focused on attractive markets with favorable secular trends and share capture. With the expectation for slow global economic growth in 2013, we continue to emphasize our strategic initiatives, including our Market Delivery System and Lean Enterprise. We are confident that these initiatives position us to perform well, and we are, therefore, increasing our earnings outlook for 2013,” said Mr. Stroup.

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