Belden Incorporated is an American manufacturer of networking, connectivity, and cable products. The Company operates in five segments: Broadcast Solutions, Enterprise Connectivity Solutions, Industrial Connectivity Solutions, Industrial IT Solutions, and Network Security Solutions. The Enterprise Connectivity Solutions segment is a provider of network infrastructure solutions, as well as cabling and connectivity solutions for broadcast, commercial audio/video, and security applications. The Industrial Connectivity Solutions segment is a provider of high-performance networking components and machine connectivity products. The Industrial IT Solutions segment provides mission-critical networking systems that provide the end-users with the highest confidence of reliability, availability, and security. The Network Security Solutions segment provides foundational controls for protecting enterprises against cyberattacks, automating IT regulatory compliance and improving operational efficiency.

Type
Public
HQ
Clayton, US
Founded
1902
Size (employees)
8,400 (est)+3%
Website
belden.com
Belden was founded in 1902 and is headquartered in Clayton, US

Belden Office Locations

Belden has an office in Clayton
Clayton, US (HQ)
1 N Brentwood Blvd

Belden Data and Metrics

Belden Financial Metrics

Belden's revenue was reported to be $551.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

551.4 m

Gross profit (Q1, 2017)

880.6 m

Gross profit margin (Q1, 2017), %

160%

Net income (Q1, 2017)

25.6 m

EBIT (Q1, 2017)

51.3 m

Market capitalization (17-Aug-2017)

3.1 b

Cash (02-Apr-2017)

815.9 m
Belden's current market capitalization is $3.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.1 b2.3 b2.3 b2.4 b

Revenue growth, %

12%0%2%

Cost of goods sold

1.4 b1.5 b1.4 b1.4 b

Gross profit

704.4 m819.4 m918.2 m981 m

Gross profit Margin, %

34%36%40%42%

R&D expense

(140.6 m)

General and administrative expense

(494.2 m)

Operating expense total

(634.8 m)

EBIT

192.3 m159.2 m138.8 m223.9 m

EBIT margin, %

9%7%6%9%

Interest expense

73.1 m82.2 m100.6 m95.1 m

Interest income

494 k583 k

Income tax expense

22.3 m7.1 m(26.6 m)1.2 m

Net Income

103.3 m74.4 m66.2 m127.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

600.9 m610.8 m547 m585.8 m579.3 m541.5 m601.6 m601.1 m551.4 m

Cost of goods sold

(396.5 m)(389 m)(339.3 m)(351.5 m)(353.1 m)(316.5 m)(353.4 m)(355.1 m)(329.3 m)

Gross profit

997.4 m999.8 m886.3 m937.2 m932.4 m858 m955 m956.3 m880.6 m

Gross profit Margin, %

166%164%162%160%161%158%159%159%160%

R&D expense

(31.6 m)(30.4 m)(36.2 m)(36.6 m)(38.2 m)(36.1 m)(36.7 m)(33.5 m)(34.5 m)

General and administrative expense

(145.9 m)(119.1 m)(140.8 m)(127.9 m)(128.1 m)(122.4 m)(123.1 m)(126.7 m)(112.6 m)

Operating expense total

(177.5 m)(149.5 m)(177 m)(164.6 m)(166.3 m)(158.5 m)(159.7 m)(160.2 m)(147.1 m)

EBIT

12.3 m58 m4.9 m44.1 m34.5 m41 m62.2 m62 m51.3 m

EBIT margin, %

2%9%1%8%6%8%10%10%9%

Interest expense

(18.2 m)(21.7 m)(23.9 m)(24.8 m)(25.4 m)(24.4 m)(24 m)(23.5 m)(23.5 m)

Interest income

111 k159 k80 k

Pre tax profit

27.8 m

Income tax expense

5.8 m(2.7 m)(688 k)2.3 m5.7 m(143 k)3.6 m(2.9 m)(2.3 m)

Net Income

15 k33.8 m(19.6 m)21.6 m14.6 m16.4 m41.8 m35.6 m25.6 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

308.9 m358.7 m382.6 m395.1 m613.3 m741.2 m216.8 m848.1 m

Inventories

190.4 m

Current Assets

1.2 b1.4 b843.2 m1.5 b

PP&E

300.8 m316.4 m310.6 m309.3 m

Goodwill

773 m943.4 m1.4 b1.4 b

Total Assets

2.8 b3.3 b3.3 b3.8 b

Accounts Payable

199.9 m272.4 m223.5 m258.2 m

Total Debt

1.6 b

Current Liabilities

401.6 m525.4 m549.3 m570.3 m

Additional Paid-in Capital

585.8 m595.4 m605.7 m1.1 b

Retained Earnings

556.2 m621.9 m679.7 m783.8 m

Total Equity

836.5 m807.2 m825.5 m1.5 b

Debt to Equity Ratio

1.1 x

Debt to Assets Ratio

0.4 x

Financial Leverage

3.3 x4 x4 x2.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

445 m449.1 m166.7 m208.4 m241.9 m146.3 m175.8 m748.3 m815.9 m

Inventories

228.4 m223.7 m238.2 m233.1 m210.1 m215.9 m198.6 m193.5 m218.4 m

Current Assets

1.2 b1.2 b877.3 m947.3 m953.4 m752.9 m819.2 m1.4 b1.5 b

PP&E

328 m319.7 m319.1 m319.5 m311.3 m316.4 m314.7 m323.1 m311.4 m

Goodwill

934.3 m939.5 m1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b

Total Assets

3.1 b3 b3.5 b3.5 b3.5 b3.2 b3.3 b3.8 b3.8 b

Accounts Payable

248.1 m240.9 m233.6 m225.9 m209.7 m208.9 m204.3 m220.8 m264.1 m

Current Liabilities

475 m470.1 m484 m496.3 m510.2 m492.8 m498.7 m517.5 m521.7 m

Common Stock

503 k503 k503 k503 k503 k503 k503 k503 k503 k

Preferred Stock

1 k1 k

Additional Paid-in Capital

588.3 m592.7 m592.8 m598.3 m601.9 m606.6 m609.1 m1.1 b1.1 b

Retained Earnings

576.4 m608.1 m600.2 m619.6 m632 m694.1 m733.9 m760.7 m798.6 m

Total Equity

834.8 m836.9 m797.2 m820.5 m773.2 m839.3 m884.5 m1.4 b1.5 b

Financial Leverage

3.7 x3.6 x4.3 x4.3 x4.5 x3.8 x3.7 x2.7 x2.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

103.3 m74.4 m66.2 m127.6 m

Depreciation and Amortization

(50.8 m)(58.4 m)(103.8 m)(98.4 m)

Cash From Operating Activities

218.2 m127.9 m(524.4 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

15 k33.8 m(19.6 m)21.6 m14.6 m16.4 m41.8 m35.6 m25.6 m

Depreciation and Amortization

(15.8 m)(15.2 m)(26.5 m)(25.9 m)(25.7 m)(25.5 m)(26.3 m)(23.8 m)(23.7 m)

Accounts Payable

248.1 m240.9 m233.6 m225.9 m209.7 m208.9 m204.3 m220.8 m264.1 m
Y, 2017

Financial Leverage

2.6 x

Belden Operating Metrics

Belden's Backlog was reported to be $198.6 m in FY, 2016, which is a 7% increase from the previous period
FY, 2014FY, 2015FY, 2016

Backlog

$175.4 m$184.8 m$198.6 m

    Belden Market Value History

    Belden Revenue Breakdown

    Belden Median Salaries

    Source: 14 public H-1B filings from Belden

    Traffic Overview of Belden

    Belden Online and Social Media Presence

    Belden News and Updates

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