U.S. Markets closed

Belden Reports Strong Results for Second Quarter 2021

  • Oops!
    Something went wrong.
    Please try again later.
·21 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

ST. LOUIS, August 04, 2021--(BUSINESS WIRE)--Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today reported fiscal second quarter 2021 results for the period ended July 4, 2021.

Second Quarter 2021

Revenues for the quarter totaled $602.0 million, increasing $177.2 million, or 41.7%, compared to $424.8 million in the year-ago period. Net income was $44.0 million, compared to $3.2 million in the year-ago period. Net income as a percentage of revenue was 7.3% compared to 0.7% in the year-ago period. EPS totaled $0.97, compared to $0.07 in the second quarter 2020.

Adjusted revenues for the quarter totaled $602.8 million. Adjusted EBITDA was $93.4 million, increasing $44.3 million, or 90.2%, compared to $49.1 million in the year-ago period. Adjusted EBITDA margin was 15.5%, compared to 11.6% in the year-ago period. Adjusted EPS was $1.21, compared to $0.46 in the second quarter 2020. Adjusted results are non-GAAP measures, and a non-GAAP reconciliation table is provided as an appendix to this release.

Roel Vestjens, President and CEO of Belden Inc., said, "We performed well again this quarter, and I am pleased to report total revenues and EPS that exceeded the high end of our guidance ranges. Demand continued to strengthen across our end markets, with second quarter revenues increasing 42% overall and 28% on an organic basis. Our global teams are executing our strategic plans and successfully navigating the inflationary environment, resulting in meaningful earnings growth, free cash flow growth and margin expansion."

Outlook

"I am encouraged by our recent order rates and solid execution. We are increasing our full year 2021 guidance to reflect better than expected performance in the second quarter and an improved outlook for the remainder of the year. We are taking bold actions to accelerate organic growth, including aligning our portfolio around growth markets, driving innovation, and enhancing our commercial and solution-selling capabilities. Our strong first half performance is very gratifying, and I am pleased that our strategic growth initiatives are gaining traction," said Mr. Vestjens.

On a GAAP basis, the Company expects third quarter 2021 revenues to be $589 – $604 million and EPS to be $0.56 - $0.66. For the full year ending December 31, 2021, the Company now expects revenues to be $2.318 - $2.348 billion, compared to prior guidance of $2.130 - $2.180 billion, and EPS to be $2.83 - $3.03, compared to prior guidance of $1.97 - $2.27.

The Company expects third quarter 2021 adjusted revenues to be $590 - $605 million and adjusted EPS to be $1.11 - $1.21. For the full year ending December 31, 2021, the Company now expects adjusted revenues to be $2.320 - $2.350 billion, compared to prior guidance of $2.130 - $2.180 billion, and adjusted EPS to be $4.37 - $4.57, compared to prior guidance of $3.50 - $3.80.

Earnings Conference Call

Management will host a conference call today at 8:30 am ET to discuss results of the quarter. The listen-only audio of the conference call will be broadcast live via the Internet at https://investor.belden.com. The dial-in number for participants is 800-353-6461, with confirmation code 8744927. A replay of this conference call will remain accessible in the investor relations section of the Company’s website for a limited time.

Net Income and Earnings per Share (EPS)

All references to net income and EPS within this earnings release refer to income from continuing operations and income from continuing operations per diluted share attributable to Belden stockholders, respectively.

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 https://investor.belden.com.

BELDEN INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended

Six Months Ended

July 4, 2021

June 28, 2020

July 4, 2021

June 28, 2020

(In thousands, except per share data)

Revenues

$

601,974

$

424,811

$

1,138,355

$

888,337

Cost of sales

(390,439

)

(274,871

)

(735,476

)

(567,896

)

Gross profit

211,535

149,940

402,879

320,441

Selling, general and administrative expenses

(105,554

)

(91,703

)

(204,003

)

(190,092

)

Research and development expenses

(30,922

)

(25,090

)

(62,422

)

(51,309

)

Amortization of intangibles

(9,102

)

(16,017

)

(19,049

)

(32,202

)

Operating income

65,957

17,130

117,405

46,838

Interest expense, net

(14,878

)

(14,257

)

(30,389

)

(27,581

)

Non-operating pension benefit

1,445

700

2,129

1,399

Income from continuing operations before taxes

52,524

3,573

89,145

20,656

Income tax expense

(8,552

)

(400

)

(16,432

)

(2,592

)

Income from continuing operations

43,972

3,173

72,713

18,064

Loss from discontinued operations, net of tax

(71,054

)

(97,164

)

Net income (loss)

43,972

(67,881

)

72,713

(79,100

)

Less: Net income (loss) attributable to noncontrolling interest

208

24

283

(6

)

Net income (loss) attributable to Belden stockholders

$

43,764

$

(67,905

)

$

72,430

$

(79,094

)

Weighted average number of common shares and equivalents:

Basic

44,759

44,557

44,717

44,969

Diluted

45,262

44,665

45,162

45,097

Basic income (loss) per share attributable to Belden stockholders:

Continuing operations

$

0.98

$

0.07

$

1.62

$

0.40

Discontinued operations

(1.59

)

(2.16

)

Net income (loss)

$

0.98

$

(1.52

)

$

1.62

$

(1.76

)

Diluted income (loss) per share attributable to Belden stockholders:

Continuing operations

$

0.97

$

0.07

$

1.60

$

0.40

Discontinued operations

(1.59

)

(2.16

)

Net income (loss)

$

0.97

$

(1.52

)

$

1.60

$

(1.76

)

Common stock dividends declared per share

$

0.05

$

0.05

$

0.10

$

0.10

BELDEN INC.

OPERATING SEGMENT INFORMATION

(Unaudited)

Enterprise Solutions

Industrial Solutions

Total Segments

(In thousands, except percentages)

For the three months ended July 4, 2021

Segment Revenues

$

267,528

$

335,295

$

602,823

Segment EBITDA

35,269

56,731

92,000

Segment EBITDA margin

13.2

%

16.9

%

15.3

%

Depreciation expense

5,365

6,002

11,367

Amortization of intangibles

4,439

4,663

9,102

Amortization of software development intangible assets

20

587

607

Severance, restructuring, and acquisition integration costs

2,460

580

3,040

Adjustments related to acquisitions and divestitures

(32

)

1,944

1,912

For the three months ended June 28, 2020

Segment Revenues

$

203,374

$

221,437

$

424,811

Segment EBITDA

22,231

26,449

48,680

Segment EBITDA margin

10.9

%

11.9

%

11.5

%

Depreciation expense

5,122

5,210

10,332

Amortization of intangibles

5,354

10,663

16,017

Amortization of software development intangible assets

56

330

386

Severance, restructuring, and acquisition integration costs

2,423

2,049

4,472

Adjustments related to acquisitions and divestitures

105

105

For the six months ended July 4, 2021

Segment Revenues

$

493,883

$

645,321

$

1,139,204

Segment EBITDA

63,375

108,094

171,469

Segment EBITDA margin

12.8

%

16.8

%

15.1

%

Depreciation expense

10,715

12,212

22,927

Amortization of intangibles

8,775

10,274

19,049

Amortization of software development intangible assets

52

1,244

1,296

Severance, restructuring, and acquisition integration costs

4,375

3,836

8,211

Adjustments related to acquisitions and divestitures

(6,318

)

8,851

2,533

For the six months ended June 28, 2020

Segment Revenues

$

415,587

$

472,750

$

888,337

Segment EBITDA

46,943

61,976

108,919

Segment EBITDA margin

11.3

%

13.1

%

12.3

%

Depreciation expense

10,203

10,411

20,614

Amortization of intangibles

10,858

21,344

32,202

Amortization of software development intangible assets

111

605

716

Severance, restructuring, and acquisition integration costs

4,973

3,118

8,091

Adjustments related to acquisitions and divestitures

125

125

BELDEN INC.

OPERATING SEGMENT RECONCILIATION TO CONSOLIDATED RESULTS

(Unaudited)

Three Months Ended

Six Months Ended

July 4, 2021

June 28, 2020

July 4, 2021

June 28, 2020

(In thousands)

Total Segment Revenues

$

602,823

$

424,811

$

1,139,204

$

888,337

Adjustments related to acquisitions

(849

)

(849

)

Consolidated Revenues

$

601,974

$

424,811

$

1,138,355

$

888,337

Total Segment EBITDA

$

92,000

$

48,680

$

171,469

$

108,919

Eliminations

(15

)

(238

)

(48

)

(333

)

Total non-operating pension benefit

1,445

700

2,129

1,399

Consolidated Adjusted EBITDA (1)

93,430

49,142

173,550

109,985

Interest expense, net

(14,878

)

(14,257

)

(30,389

)

(27,581

)

Depreciation expense

(11,367

)

(10,332

)

(22,927

)

(20,614

)

Amortization of intangibles

(9,102

)

(16,017

)

(19,049

)

(32,202

)

Severance, restructuring, and acquisition integration costs

(3,040

)

(4,472

)

(8,211

)

(8,091

)

Adjustments related to acquisitions and divestitures

(1,912

)

(105

)

(2,533

)

(125

)

Amortization of software development intangible assets

(607

)

(386

)

(1,296

)

(716

)

Income from continuing operations before taxes

$

52,524

$

3,573

$

89,145

$

20,656

(1)

Consolidated Adjusted EBITDA is a non-GAAP measure. See Reconciliation of Non-GAAP Measures for additional information.

BELDEN INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

July 4, 2021

December 31, 2020

(Unaudited)

(In thousands)

ASSETS

Current assets:

Cash and cash equivalents

$

423,291

$

501,994

Receivables, net

386,133

296,817

Inventories, net

304,821

247,298

Other current assets

50,725

52,289

Total current assets

1,164,970

1,098,398

Property, plant and equipment, less accumulated depreciation

360,338

368,620

Operating lease right-of-use assets

59,509

54,787

Goodwill

1,286,617

1,251,938

Intangible assets, less accumulated amortization

314,283

287,071

Deferred income taxes

30,144

29,536

Other long-lived assets

54,066

49,384

$

3,269,927

$

3,139,734

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$

299,428

$

244,120

Accrued liabilities

283,109

276,641

Total current liabilities

582,537

520,761

Long-term debt

1,527,047

1,573,726

Postretirement benefits

152,080

160,400

Deferred income taxes

43,205

38,400

Long-term operating lease liabilities

49,805

46,398

Other long-term liabilities

41,155

42,998

Stockholders’ equity:

Common stock

503

503

Additional paid-in capital

827,139

823,605

Retained earnings

518,774

450,876

Accumulated other comprehensive loss

(159,391

)

(191,851

)

Treasury stock

(319,274

)

(332,552

)

Total Belden stockholders’ equity

867,751

750,581

Noncontrolling interests

6,347

6,470

Total stockholders’ equity

874,098

757,051

$

3,269,927

$

3,139,734

BELDEN INC.

CONDENSED CONSOLIDATED CASH FLOW STATEMENTS

(Unaudited)

Six Months Ended

July 4, 2021

June 28, 2020

(In thousands)

Cash flows from operating activities:

Net income (loss)

$

72,430

$

(79,100

)

Adjustments to reconcile net income (loss) to net cash from operating activities:

Depreciation and amortization

43,272

53,533

Share-based compensation

13,513

8,798

Asset impairment

6,995

113,007

Changes in operating assets and liabilities, net of the effects of currency exchange rate changes, acquired businesses and disposals:

Receivables

(90,810

)

52,602

Inventories

(50,111

)

(9,769

)

Accounts payable

50,158

(86,382

)

Accrued liabilities

227

(13,697

)

Income taxes

1,474

(46,274

)

Other assets

(6,924

)

13,971

Other liabilities

(13,570

)

(18,819

)

Net cash provided by (used for) operating activities

26,654

(12,130

)

Cash flows from investing activities:

Cash from (used for) business acquisitions, net of cash acquired

(73,749

)

590

Capital expenditures

(30,866

)

(41,734

)

Purchase of intangible assets

(3,650

)

Proceeds from disposal of tangible assets

3,249

3,090

Proceeds from disposal of business, net of cash sold

10,798

Net cash used for investing activities

(94,218

)

(38,054

)

Cash flows from financing activities:

Cash dividends paid

(4,493

)

(4,572

)

Withholding tax payments for share-based payment awards

(2,009

)

(1,058

)

Payments under borrowing arrangements

(1,841

)

(100,000

)

Debt issuance costs paid

(1,728

)

Other

(75

)

(111

)

Payments under share repurchase program

(35,000

)

Payment of earnout consideration

(29,300

)

Borrowings on revolver

190,000

Net cash provided by (used for) financing activities

(10,146

)

19,959

Effect of foreign currency exchange rate changes on cash and cash equivalents

(993

)

(2,620

)

Decrease in cash and cash equivalents

(78,703

)

(32,845

)

Cash and cash equivalents, beginning of period

501,994

425,885

Cash and cash equivalents, end of period

$

423,291

$

393,040

The Condensed Consolidated Cash Flow Statement for the period ended June 28, 2020 includes the results of discontinued operations, which were sold on July 2, 2020.

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 and deferred revenue to fair value and transaction costs; severance, restructuring, and acquisition integration costs; gains (losses) recognized on the disposal of businesses and tangible assets; amortization of intangible assets; gains (losses) on debt extinguishment; certain revenues and 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 the purchase accounting effect of recording deferred revenue at fair value in order to reflect the revenues that would have otherwise been recorded by acquired businesses had they remained as independent entities. We believe this presentation is useful in evaluating the underlying performance of acquired companies. Similarly, we adjust for other acquisition-related expenses, such as amortization of intangibles and other 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.

Three Months Ended

Six Months Ended

July 4, 2021

June 28, 2020

July 4, 2021

June 28, 2020

(In thousands, except percentages and per share amounts)

GAAP revenues

$

601,974

$

424,811

$

1,138,355

$

888,337

Adjustments related to acquisitions

849

849

Adjusted revenues

$

602,823

$

424,811

$

1,139,204

$

888,337

GAAP gross profit

$

211,535

$

149,940

$

402,879

$

320,441

Adjustments related to acquisitions and divestitures

1,995

105

2,811

125

Severance, restructuring, and acquisition integration costs

1,103

92

1,363

137

Amortization of software development intangible assets

607

386

1,296

716

Adjusted gross profit

$

215,240

$

150,523

$

408,349

$

321,419

GAAP gross profit margin

35.1

%

35.3

%

35.4

%

36.1

%

Adjusted gross profit margin

35.7

%

35.4

%

35.8

%

36.2

%

GAAP selling, general and administrative expenses

$

(105,554)

$

(91,703)

$

(204,003)

$

(190,092)

Severance, restructuring, and acquisition integration costs

1,937

4,380

6,848

7,954

Adjustments related to acquisitions and divestitures

(83)

(278)

Adjusted selling, general and administrative expenses

$

(103,700)

$

(87,323)

$

(197,433)

$

(182,138)

GAAP and adjusted research and development expenses

$

(30,922)

$

(25,090)

$

(62,422)

$

(51,309)

GAAP income from continuing operations

$

43,972

$

3,173

$

72,713

$

18,064

Interest expense, net

14,878

14,257

30,389

27,581

Income tax expense

8,552

400

16,432

2,592

Total non-operating adjustments

23,430

14,657

46,821

30,173

Amortization of intangible assets

9,102

16,017

19,049

32,202

Severance, restructuring, and acquisition integration costs

3,040

4,472

8,211

8,091

Adjustments related to acquisitions and divestitures

1,912

105

2,533

125

Amortization of software development intangible assets

607

386

1,296

716

Total operating income adjustments

14,661

20,980

31,089

41,134

Depreciation expense

11,367

10,332

22,927

20,614

Adjusted EBITDA

$

93,430

$

49,142

$

173,550

$

109,985

GAAP income from continuing operations margin

7.3

%

0.7

%

6.4

%

2.0

%

Adjusted EBITDA margin

15.5

%

11.6

%

15.2

%

12.4

%

GAAP income from continuing operations

$

43,972

$

3,173

$

72,713

$

18,064

Less: Net income (loss) attributable to noncontrolling interest

208

24

283

(6)

GAAP net income from continuing operations attributable to Belden stockholders

$

43,764

$

3,149

$

72,430

$

18,070

GAAP income from continuing operations

$

43,972

$

3,173

$

72,713

$

18,064

Plus: Operating income adjustments from above

14,661

20,980

31,089

41,134

Less: Net income (loss) attributable to noncontrolling interest

208

24

283

(6)

Less: Tax effect of adjustments above

3,676

3,800

6,364

8,395

Adjusted net income from continuing operations attributable to Belden stockholders

$

54,749

$

20,329

$

97,155

$

50,809

GAAP income from continuing operations per diluted share attributable to Belden stockholders

$

0.97

$

0.07

$

1.60

$

0.40

Adjusted income from continuing operations per diluted share attributable to Belden stockholders

$

1.21

$

0.46

$

2.15

$

1.13

GAAP and adjusted diluted weighted average shares

45,262

44,665

45,162

45,097

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 Ended

Six Months Ended

July 4, 2021

June 28, 2020

July 4, 2021

June 28, 2020

(In thousands)

GAAP net cash provided by (used for) operating activities

$

68,149

$

39,922

$

26,654

$

(12,130

)

Capital expenditures, net of proceeds from the disposal of tangible assets

(16,406

)

(19,799

)

(27,617

)

(38,644

)

Non-GAAP free cash flow

$

51,743

$

20,123

$

(963

)

$

(50,774

)

BELDEN INC.

RECONCILIATION OF NON-GAAP MEASURES

2021 Guidance

Year Ended

Three Months Ended

December 31, 2021

October 3, 2021

(In thousands)

GAAP revenues

$2.318 - $2.348 billion

$589 - $604 million

Adjustments related to acquisitions

$2 million

$1 million

Adjusted revenues

$2.320 - $2.350 billion

$590 - $605 million

GAAP income from continuing operations per diluted share attributable to Belden common stockholders

$2.83 - $3.03

$0.56 - $0.66

Amortization of intangible assets

0.72

0.19

Severance, restructuring, and acquisition integration costs

0.56

0.21

Loss from debt extinguishment

0.14

0.14

Adjustments related to acquisitions and divestitures

0.12

0.01

Adjusted income from continuing operations per diluted share attributable to Belden common stockholders

$4.37 - $4.57

$1.11 - $1.21

Our guidance for income from continuing operations per diluted share attributable to Belden common stockholders 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, purchase accounting effects related to acquisitions, severance, restructuring, and acquisition integration costs, gains (losses) recognized on the disposal of tangible assets, gains (losses) on debt extinguishment, discontinued operations, and other gains (losses) related to events or conditions that are not yet known.

Forward-Looking Statements

This release and any statements made by us concerning the subject matter of this release may contain forward-looking statements, including our expectations for the third quarter and full-year 2021 and the results of our restructuring program. Forward-looking statements also include any statements regarding future financial performance (including revenues, 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 lack of certainty as to the duration and magnitude of the impact of COVID-19 and the economic recovery from that impact; the impact of a challenging global economy or a downturn in served markets; disruptions in the Company’s information systems including due to cyber-attacks leading to exposures of personally identifiable information; changes in tax laws and variability in the Company’s quarterly and annual effective tax rates; the cost and availability of raw materials including copper, plastic compounds, electronic components, and other materials; the inability to obtain components in sufficient quantities on commercially reasonable terms; the competitiveness of the global markets in which we operate; difficulty in forecasting revenue due to the unpredictable timing of orders related to customer projects as well as the impacts of channel inventory; the presence of substitute products in the marketplace; the increased prevalence of cloud computing; the inability of the Company to develop and introduce new products and competitive responses to our products; the increased influence of chief information officers on purchasing decisions; the inability to execute and realize the expected benefits from strategic initiatives (including revenue growth, cost control, and productivity improvement programs); the inability to achieve our strategic priorities in emerging markets; the inability to successfully complete and integrate acquisitions in furtherance of the Company’s strategic plan; foreign and domestic political, economic and other uncertainties, including changes in currency exchange rates; the impact of changes in global tariffs and trade agreements; volatility in credit and foreign exchange markets; the presence of activists proposing certain actions by the Company; perceived or actual product failures; risks related to the use of open source software; disruption of, or changes in, the Company’s key distribution channels; the inability to retain key employees; 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; the impact of regulatory requirements and other legal compliance issues; 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 year ended December 31, 2020, filed with the SEC on February 16, 2021. 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 a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial and enterprise markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of audio, video and data needed for today's applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia. For more information, visit us at www.belden.com or follow us on Twitter @BeldenInc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005267/en/

Contacts

Belden Investor Relations
314-854-8054
Investor.Relations@Belden.com