Belden 3Q revenues up 3.8% YoY

Belden Inc. (NYSE: BDC) GAAP revenues for its third quarter of 2016 totaled USD601.1 million, increasing USD21.8 million, or 3.8%, compared to USD579.3 million in the third quarter 2015, the company said.

Gross profit margin in the third quarter was 40.9%, increasing 190 basis points from 39.0% in the year-ago period.

Net income was USD35.7 million, increasing from USD14.6 million in the prior-year period. Net income as a percentage of revenues was 5.9% in the third quarter, increasing 340 basis points from 2.5% in the prior-year period. EPS totaled USD0.68, compared to USD0.35 in the third quarter 2015.

Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia.