Belden Announces Acquisition of OTN Systems N.V., Increased Guidance for Fourth Quarter 2020 - Seite 2

Fourth Quarter 2020 Guidance Update

“Demand trends improved in the fourth quarter, and I am pleased to report that revenues and earnings exceeded our expectations. We continue to execute the strategic plans that we articulated at our Investor Day in December, including the planned divestitures, which we expect to drive significantly improved business performance and shareholder returns. We intend to provide 2021 guidance when we report fourth quarter and full year 2020 results in February,” said Mr. Vestjens.

The Company now expects fourth quarter 2020 revenues to be $494 - $499 million, compared to prior guidance of $460 - $485 million. For the full year ending December 31, 2020, the Company now expects revenues to be $1.858 - $1.863 billion, compared to prior guidance of $1.824 - $1.849 billion.

The Company now expects fourth quarter 2020 GAAP EPS to be $0.42 - $0.47, compared to prior guidance of $0.13 - $0.28. For the full year ending December 31, 2020, the Company now expects GAAP EPS of $1.28 - $1.33, compared to prior guidance of $0.99 - $1.14.

The Company now expects fourth quarter 2020 adjusted EPS to be $0.85 - $0.90, compared to prior guidance of $0.63 - $0.78. For the full year ending December 31, 2020, the Company now expects adjusted EPS of $2.70 - $2.75, compared to prior guidance of $2.47 - $2.62.

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.

BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
2020 EARNINGS GUIDANCE
	Year Ended		Three Months Ended
	December 31, 2020		December 31, 2020