Fri. Jan 24th, 2020

Belden Inc. (NYSE: BDC)

10 min read

Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, will host its 2k19 Investor Day webcast at 9:00 am EST. Due to the severe winter weather impacting air travel into New York, the Company will be webcasting this meeting rather than hosting at the New York Stock Exchange as previously planned.

John Stroup, President, Chief Executive Officer, and Chairman, along with other members of senior management, will provide a detailed update on the Company’s strategy for creating shareholder value. A question and answer session will follow presentations.

Throughout the presentation, the Company will reaffirm its current guidance for the 4th-quarter and full year ending December 31, 2k19.

The Company expects 4th-quarter 2k19 revenues to be $510.00 – $530.00M. For the full year ending December 31, 2k19, the Company expects revenues to be $2.092 – $2.112B.

The Company expects 4th-quarter 2k19 GAAP EPS to be $0.000 – $0.150. For the full year ending December 31, 2k19, the Company expects GAAP EPS to be $2.040 – $2.190. This full year 2k19 guidance relates to income from continuing operations and excludes Grass Valley, the $337.00M after-tax non-cash impairment charge related to Grass Valley and an estimated loss of $75.00M upon a sale of Grass Valley, primarily related to its accumulated foreign currency translation losses, as these items will be included in income (losses) from discontinued operations.

The Company expects 4th-quarter 2k19 adjusted EPS to be $1.00 – $1.150. For the full year ending December 31, 2k19, the Company expects adjusted EPS to be $4.320 – $4.470.

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