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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_____________________
FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 6, 2025
Belden Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

_____________________
Delaware001-1256136-3601505
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

1 North Brentwood Boulevard, 15th Floor
St. Louis, Missouri 63105
(Address of Principal Executive Offices, including Zip Code)

(314) 854-8000
(Registrant’s telephone number, including area code)
n/a
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if this Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.01 par valueBDCNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02. Results of Operations and Financial Condition.
On February 6, 2025, Belden Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter and full year 2024. A copy of the press release is attached as Exhibit 99.1 and is incorporated into this current report.

The information in this Item 2.02 and in the press release (attached as Exhibit 99.1 to this current report) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise be subject to the liabilities of that Section or Section 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 and in the accompanying exhibit shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.


Item 9.01. Financial Statements and Exhibits.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
                                                        
  BELDEN INC.
Date: February 6, 2025  By: /s/ Brian E. Anderson
   Brian E. Anderson
   Senior Vice President-Legal, General
   Counsel and Corporate Secretary




Exhibit 99.1



Belden Reports Fourth Quarter and Full Year 2024 Results

St. Louis, Missouri – February 6, 2025 - Belden Inc. (NYSE: BDC) (“Belden” or the “Company”), a leading global supplier of complete connection solutions, today reported fiscal fourth quarter and full year results for the period ended December 31, 2024.

Fourth Quarter 2024 Highlights
•Revenues of $666 million, up 21% y/y and up 14% y/y organically
•GAAP EPS of $1.42, up 56% y/y
•Adjusted EPS of $1.92, up 32% y/y
•Repurchased 0.5 million shares for $55 million during the quarter

Full Year 2024 Highlights
•Revenues of $2,461 million, down 2% y/y and down 6% y/y organically
•GAAP EPS of $4.80, down 15% y/y
•Adjusted EPS of $6.36, down 7% y/y
•Free Cash Flow of $223 million, up 3% y/y
•Repurchased 1.3 million shares for $133 million during the year

“I am proud of our team for delivering an excellent quarter and ending the year on a high note,” said Ashish Chand, President and CEO of Belden. “Demand continues to remain steady, with sequential orders up modestly for the quarter and increasing 9% for the year. Performance during the quarter was strong, marked by 21% year-over-year revenue growth with expanding margins. As business conditions continue to improve, I am pleased to report that our revenues grew organically in the fourth quarter by 14% with strength in both segments. Free cash flow for the year reached $223 million, providing the business with ample capital to allocate towards compelling acquisition opportunities while also returning capital to shareholders through share repurchases when appropriate.”

Fourth Quarter 2024

Revenues for the quarter increased $115 million, or 21%, to $666 million from $551 million in the year-ago period. Revenues increased 14% organically, with Automation Solutions and Smart Infrastructure Solutions both up 14%. Net income was $58 million, compared to $39 million in the year-ago period. Net income as a percentage of revenues was 8.8%, compared to 7.0% in the year-ago period. EPS totaled $1.42 for the quarter, compared to $0.91 in the year-ago period.

Adjusted EBITDA was $114 million, up $26 million, or 29%, compared to $88 million in the year-ago period. Adjusted EBITDA margin was 17.1%, up 110 bps, compared to 16.0% in the year-ago period. Adjusted EPS was $1.92, increasing 32% compared to $1.46 in the year-ago period. Relative to our prior guidance, Adjusted EPS benefited in the fourth quarter by $0.17 from a lower-than-expected tax rate. Adjusted results are non-GAAP measures, and a non-GAAP reconciliation table is provided as an appendix to this release.




1

Full Year 2024

Revenues for the year decreased $51 million, or 2%, to $2,461 million from $2,512 million in the prior year. Revenues were down 6% organically, with Automation Solutions down 6% and Smart Infrastructure Solutions down 5%. Net income was $198 million, compared to $243 million in the prior year. Net income as a percentage of revenues was 8.1%, compared to 9.7% in the prior year. EPS totaled $4.80 for the year, compared to $5.66 in the prior year.

Adjusted EBITDA was $411 million, down $27 million, or 6%, compared to $438 million in the prior year. Adjusted EBITDA margin was 16.7%, down 70 bps, compared to 17.4% in the prior year. Adjusted EPS was $6.36, decreasing 7% compared to $6.83 in the prior year. Adjusted results are non-GAAP measures, and a non-GAAP reconciliation table is provided as an appendix to this release.

Outlook

“As we continue to drive our solutions transformation, we anticipate first quarter performance to reflect typical seasonality and stable demand,” said Dr. Chand. “Our customers are managing through short-term uncertainties, and we expect further clarity as the quarter progresses. We are confident in the long-term growth potential of our key markets, our team’s ability to execute effectively, and our capacity to allocate capital strategically to maximize shareholder returns while driving sustained growth and compounding value for the business over time.”

For the first quarter, we anticipate order patterns to align with typical seasonality and expect our customers to remain in a neutral posture as they navigate this dynamic environment. Revenues are expected to be in the range of $605 million to $620 million, representing a 13% to 16% increase over the prior-year quarter. GAAP EPS is expected to be in the range of $1.03 to $1.13, representing a 14% to 26% increase over the prior-year quarter. Adjusted EPS is expected to be in the range of $1.43 to $1.53, representing a 15% to 23% increase over the prior-year quarter.

First quarter guidance includes a currency exchange headwind of approximately $15 million in revenues and $0.05 of EPS.
First Quarter 2025:
Guidance
Revenues (million)$605 - $620
GAAP EPS$1.03 - $1.13
Adjusted EPS$1.43 - $1.53

Earnings Conference Call

Management will host a conference call today at 8:30 am ET to discuss the results. The listen-only audio of the conference call will be broadcast live online at https://investor.belden.com. The dial-in number for participants is 1-866-575-6539 with confirmation code 7220743. A replay of this conference call will remain accessible in the investor relations section of the Company’s website for a limited time.

Earnings per Share (EPS) and Organic Growth

All references to EPS within this earnings release refer to net income per diluted share attributable to Belden stockholders. Organic growth is calculated as the change in revenues excluding the impacts from currency exchange rates, copper prices, acquisitions, and divestitures.
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BELDEN INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 Three Months EndedTwelve Months Ended
 December 31, 2024December 31, 2023December 31, 2024December 31, 2023
 (In thousands, except per share data)
Revenues$666,042 $551,243 $2,460,979 $2,512,084 
Cost of sales(416,226)(344,878)(1,538,757)(1,557,118)
Gross profit249,816 206,365 922,222 954,966 
Selling, general and administrative expenses(137,362)(126,414)(494,603)(492,702)
Research and development expenses(28,968)(25,883)(112,365)(116,427)
Amortization of intangibles(14,307)(10,113)(48,794)(40,375)
Gain on sale of assets— — — 12,056 
Operating income69,179 43,955 266,460 317,518 
Interest expense, net(10,849)(8,032)(38,303)(33,625)
Non-operating pension benefit (cost)(962)401 (215)1,863 
Income before taxes57,368 36,324 227,942 285,756 
Income tax benefit (expense)1,014 2,185 (29,528)(43,200)
Net income 58,382 38,509 198,414 242,556 
Less: Net income (loss) attributable to noncontrolling interest(2)42 (19)(203)
Net income attributable to Belden stockholders$58,384 $38,467 $198,433 $242,759 
Weighted average number of common shares and equivalents:
Basic40,312 41,565 40,694 42,237 
Diluted41,087 42,046 41,299 42,859 
Basic income per share attributable to Belden stockholders:$1.45 $0.93 $4.88 $5.75 
Diluted income per share attributable to Belden stockholders:$1.42 $0.91 $4.80 $5.66 
Common stock dividends declared per share$0.05 $0.05 $0.20 $0.20 

3

BELDEN INC.
OPERATING SEGMENT INFORMATION
(Unaudited)

Smart
Infrastructure
Solutions		Automation Solutions
 (In thousands, except percentages)
For the three months ended December 31, 2024
Segment Revenues$319,581 $346,461 
Segment EBITDA42,401 71,465 
Segment EBITDA margin13.3 %20.6 %
Depreciation expense6,954 7,732 
Amortization of intangibles9,163 5,144 
Amortization of software development intangible assets12 2,697 
Severance, restructuring, and acquisition integration costs6,647 2,699 
Adjustments related to acquisitions and divestitures3,309 298 
For the three months ended December 31, 2023
Segment Revenues$251,054 $300,189 
Segment EBITDA30,253 57,666 
Segment EBITDA margin12.1 %19.2 %
Depreciation expense6,164 6,737 
Amortization of intangibles4,914 5,199 
Amortization of software development intangible assets— 2,457 
Severance, restructuring, and acquisition integration costs6,074 7,232 
Adjustments related to acquisitions and divestitures4,837 298 
For the twelve months ended December 31, 2024
Segment Revenues$1,143,790 $1,317,189 
Segment EBITDA140,092 269,766 
Segment EBITDA margin12.2 %20.5 %
Depreciation expense26,231 30,152 
Amortization of intangibles28,642 20,152 
Amortization of software development intangible assets12 10,552 
Severance, restructuring, and acquisition integration costs15,165 7,649 
Adjustments related to acquisitions and divestitures3,572 1,192 
For the twelve months ended December 31, 2023
Segment Revenues$1,122,831 $1,389,253 
Segment EBITDA149,107 287,328 
Segment EBITDA margin13.3 %20.7 %
Depreciation expense24,943 26,436 
Amortization of intangibles20,085 20,290 
Amortization of software development intangible assets— 7,692 
Severance, restructuring, and acquisition integration costs11,221 13,931 
Adjustments related to acquisitions and divestitures5,359 818 

4

BELDEN INC.
CONDENSED CONSOLIDATED BALANCE SHEETS


December 31, 2024December 31, 2023
(Unaudited)
 (In thousands)
ASSETS
Current assets:
Cash and cash equivalents$370,302 $597,044 
Receivables, net409,711 413,806 
Inventories, net343,099 366,987 
Other current assets73,117 79,142 
            Total current assets1,196,229 1,456,979 
Property, plant and equipment, less accumulated depreciation495,625 451,069 
Operating lease right-of-use assets118,551 89,686 
Goodwill1,018,677 907,331 
Intangible assets, less accumulated amortization419,074 269,144 
Deferred income taxes16,353 15,739 
Other long-lived assets63,429 50,243 
$3,327,938 $3,240,191 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$315,724 $343,215 
Accrued liabilities306,980 290,289 
Total current liabilities622,704 633,504 
Long-term debt1,130,101 1,204,211 
Postretirement benefits63,260 74,573 
Deferred income taxes77,333 49,472 
Long-term operating lease liabilities100,049 74,941 
Other long-term liabilities39,755 37,188 
Stockholders’ equity:
Common stock503 503 
Additional paid-in capital839,755 818,663 
Retained earnings1,176,036 985,807 
Accumulated other comprehensive loss(3,532)(41,279)
Treasury stock(718,026)(597,437)
Total Belden stockholders’ equity1,294,736 1,166,257 
Noncontrolling interests— 45 
Total stockholders’ equity1,294,736 1,166,302 
$3,327,938 $3,240,191 


5

BELDEN INC.
CONDENSED CONSOLIDATED CASH FLOW STATEMENTS
(Unaudited) 
 Twelve Months Ended
 December 31, 2024December 31, 2023
 (In thousands)
Cash flows from operating activities:
Net income $198,414 $242,556 
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization115,741 99,446 
Share-based compensation27,532 21,024 
Deferred income tax benefit(15,954)(12,957)
Gain on sale of assets— (12,056)
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes, acquired businesses and disposals:
Receivables18,861 24,527 
Inventories24,318 (15,331)
Accounts payable(29,001)(8,175)
Accrued liabilities11,354 (16,292)
Income taxes6,639 (3,668)
Other assets(6,689)(9,314)
Other liabilities(6,416)9,878 
Net cash provided by operating activities344,799 319,638 
Cash flows from investing activities:
Cash used for business acquisitions, net of cash acquired(296,452)(106,712)
Capital expenditures(121,823)(116,731)
Cash from (used for) disposal of businesses, net of cash sold(1,316)9,300 
Proceeds from disposal of tangible assets113 13,785 
Net cash used for investing activities(419,478)(200,358)
Cash flows from financing activities:
Payments under share repurchase program including excise tax(134,308)(192,135)
Withholding tax payments for share-based payment awards(9,659)(17,444)
Cash dividends paid(8,195)(8,498)
Payments under financing lease obligations(1,134)(423)
   Payments to noncontrolling interest holders(67)— 
   Other728 — 
   Proceeds from issuance of common stock8,917 6,568 
Net cash used for financing activities(143,718)(211,932)
Effect of foreign currency exchange rate changes on cash and cash equivalents(8,345)2,020 
   Net decrease in cash and cash equivalents (226,742)(90,632)
Cash and cash equivalents, beginning of period597,044 687,676 
   Cash and cash equivalents, end of period$370,302 $597,044 

6

BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)



In addition to reporting financial results in accordance with accounting principles generally accepted in the United States, we provide non-GAAP operating results adjusted for certain items, including: asset impairments; accelerated depreciation expense due to plant consolidation activities; purchase accounting effects related to acquisitions, such as the adjustment of acquired inventory to fair value, and transaction costs; severance, restructuring, and acquisition integration costs; gains (losses) recognized on the disposal of businesses and assets; amortization of intangible assets; gains (losses) on debt extinguishment; certain gains (losses) from patent settlements; discontinued operations; and other costs. We adjust for the items listed above in all periods presented, unless the impact is clearly immaterial to our financial statements. When we calculate the tax effect of the adjustments, we include all current and deferred income tax expense commensurate with the adjusted measure of pre-tax profitability.
We utilize the adjusted results to review our ongoing operations without the effect of these adjustments and for comparison to budgeted operating results. We believe the adjusted results are useful to investors because they help them compare our results to previous periods and provide important insights into underlying trends in the business and how management oversees our business operations on a day-to-day basis. As an example, we adjust for acquisition-related expenses, such as amortization of intangibles and impacts of fair value adjustments because they generally are not related to the acquired business' core business performance. As an additional example, we exclude the costs of restructuring programs, which can occur from time to time for our current businesses and/or recently acquired businesses. We exclude the costs in calculating adjusted results to allow us and investors to evaluate the performance of the business based upon its expected ongoing operating structure. We believe the adjusted measures, accompanied by the disclosure of the costs of these programs, provides valuable insight.
Adjusted results should be considered only in conjunction with results reported according to accounting principles generally accepted in the United States.
















7

Three Months EndedTwelve Months Ended
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
(In thousands, except percentages and per share amounts)
Revenues$666,042 $551,243 $2,460,979 $2,512,084 
GAAP gross profit$249,816 $206,365 $922,222 $954,966 
Amortization of software development intangible assets2,709 2,457 10,564 7,692 
Severance, restructuring, and acquisition integration costs1,196 2,088 4,395 3,488 
Adjustments related to acquisitions and divestitures— (270)263 252 
Adjusted gross profit$253,721 $210,640 $937,444 $966,398 
GAAP gross profit margin37.5 %37.4 %37.5 %38.0 %
Adjusted gross profit margin38.1 %38.2 %38.1 %38.5 %
GAAP selling, general and administrative expenses$(137,362)$(126,414)(494,603)(492,702)
Severance, restructuring, and acquisition integration costs8,270 9,637 18,257 20,039 
Adjustments related to acquisitions and divestitures3,607 5,405 4,501 5,925 
Adjusted selling, general and administrative expenses$(125,485)$(111,372)$(471,845)$(466,738)
GAAP research and development expenses$(28,968)$(25,883)$(112,365)$(116,427)
Severance, restructuring, and acquisition integration costs(120)1,581 162 1,625 
Adjusted research and development expenses$(29,088)$(24,302)$(112,203)$(114,802)
GAAP net income$58,382 $38,509 $198,414 $242,556 
Income tax expense (benefit)(1,014)(2,185)29,528 43,200 
Interest expense, net10,849 8,032 38,303 33,625 
Non-operating pension settlement loss1,208 — 1,208 — 
Total non-operating adjustments11,043 5,847 69,039 76,825 
Amortization of intangible assets14,307 10,113 48,794 40,375 
Severance, restructuring, and acquisition integration costs9,346 13,306 22,814 25,152 
Amortization of software development intangible assets2,709 2,457 10,564 7,692 
Adjustments related to acquisitions and divestitures3,607 5,135 4,764 6,177 
Gain on sale of assets— — — (12,056)
Total operating income adjustments29,969 31,011 86,936 67,340 
Depreciation expense14,686 12,901 56,383 51,379 
Adjusted EBITDA$114,080 $88,268 $410,772 $438,100 
GAAP income margin8.8 %7.0 %8.1 %9.7 %
Adjusted EBITDA margin17.1 %16.0 %16.7 %17.4 %
GAAP net income$58,382 $38,509 $198,414 $242,556 
Less: Net income (loss) attributable to noncontrolling interest(2)42 (19)(203)
GAAP net income attributable to Belden stockholders$58,384 $38,467 $198,433 $242,759 
GAAP net income$58,382 $38,509 $198,414 $242,556 
Plus: Operating income adjustments from above29,969 31,011 86,936 67,340 
Plus: Non-operating pension settlement loss1,208 — 1,208 — 
Less: Net income (loss) attributable to noncontrolling interest(2)42 (19)(203)
Less: Tax effect of adjustments above10,859 8,108 23,834 17,310 
Adjusted net income attributable to Belden stockholders$78,702 $61,370 $262,743 $292,789 
GAAP net income per diluted share attributable to Belden stockholders (EPS)$1.42 $0.91 $4.80 $5.66 
Adjusted net income per diluted share attributable to Belden stockholders (Adjusted EPS)$1.92 $1.46 $6.36 $6.83 
GAAP and adjusted diluted weighted average shares41,087 42,046 41,299 42,859 
8

BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)
We define free cash flow, which is a non-GAAP financial measure, as net cash from operating activities adjusted for capital expenditures net of the proceeds from the disposal of tangible assets. We believe free cash flow provides useful information to investors regarding our ability to generate cash from business operations that is available for acquisitions and other investments, service of debt principal, dividends and share repurchases. We use free cash flow, as defined, as one financial measure to monitor and evaluate performance and liquidity. Non-GAAP financial measures should be considered only in conjunction with financial measures reported according to accounting principles generally accepted in the United States. Our definition of free cash flow may differ from definitions used by other companies.
 
 Three Months EndedTwelve Months Ended
 December 31, 2024December 31, 2023December 31, 2024December 31, 2023
 (In thousands)
GAAP net cash provided by operating activities$167,442 $159,645 $344,799 $319,638 
Capital expenditures(51,064)(54,861)(121,823)(116,731)
Proceeds from disposal of assets7 — 113 13,785 
Non-GAAP free cash flow$116,385 $104,784 $223,089 $216,692 



BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
2025 Guidance
 Three Months Ended
 March 30, 2025
 
GAAP income from continuing operations per diluted share attributable to Belden common stockholders$1.03 - $1.13
Amortization of intangible assets0.30
Severance, restructuring, and acquisition integration costs0.09
       Adjustments related to acquisitions and divestitures0.01
Adjusted income from continuing operations per diluted share attributable to Belden common stockholders$1.43 - $1.53


Our guidance 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, adjustments related to acquisitions and divestitures, severance, restructuring, and acquisition integration costs, gains (losses) recognized on the disposal of assets, gains (losses) on debt extinguishment, discontinued operations, and other gains (losses) related to events or conditions that are not yet known.
9

Forward-Looking Statements

This release contains, and any statements made by us concerning the subject matter of this release may contain, forward-looking statements, including our outlook for the first quarter of 2025 and beyond. Forward-looking statements also include any statements regarding future financial performance (including revenues, growth, 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, including the impact of inflation, or a downturn in served markets; volatility in credit and foreign exchange markets; the competitiveness of the global markets in which we operate; the inability of the Company to develop and introduce new products; competitive responses to our products; the inability to execute and realize the expected benefits from strategic initiatives (including revenue growth, cost control, and productivity improvement programs); difficulty in forecasting revenues due to the unpredictable timing of orders related to customer projects as well as the impacts of channel inventory; foreign and domestic political, economic and other uncertainties, including changes in currency exchange rates; the impact of disruptions in the global supply chain, including the inability to timely obtain raw materials and components in sufficient quantities on commercially reasonable terms; the inability to achieve our strategic priorities in emerging markets; the impact of changes in global tariffs and trade agreements; the presence of substitute products in the marketplace; disruptions in the Company’s information systems including due to cyber-attacks; inflation and changes in the price and availability of raw materials leading to higher input and labor costs; the possibility of future epidemics or pandemics; changes in tax laws and variability in the Company’s quarterly and annual effective tax rates; the increased prevalence of cloud computing; the inability to successfully complete and integrate acquisitions, in furtherance of the Company’s strategic plan, as well as the inability to accurately forecast the financial impacts of acquisitions; the inability to retain key employees; disruption of, or changes in, the Company’s key distribution channels; the presence of activists proposing certain actions by the Company; perceived or actual product failures; the impact of regulatory requirements and other legal compliance issues; inability to satisfy the increasing expectations with respect to environmental, social and governance matters; 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 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 period ended December 31, 2023, filed with the SEC on February 13, 2024. 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 complete connection solutions that unlock untold possibilities for our customers, their customers and the world. We advance ideas and technologies that enable a safer, smarter and more prosperous future. Throughout our 120+ year history we have evolved as a company, but our purpose remains – making connections. By connecting people, information and ideas, we make it possible. We are headquartered in St. Louis and have manufacturing capabilities in North America, Europe, Asia and Africa. For more information, visit us at www.belden.com; follow us on Facebook, LinkedIn and X/Twitter.

10

BDC-Financial

Contact:
Belden Investor Relations
Aaron Reddington, CFA
(317) 219-9359
Investor.Relations@Belden.com
11
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Belden (NYSE:BDC)
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부터 1월(1) 2025 으로 2월(2) 2025 Belden 차트를 더 보려면 여기를 클릭.
Belden (NYSE:BDC)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025 Belden 차트를 더 보려면 여기를 클릭.