Belden Q1 2017 GAAP revenues up 1.8%

Belden Inc. (NYSE: BDC) has reported that on a GAAP basis, revenues for first quarter 2017 totaled USD 551.4m, increasing USD 9.9m, or 1.8%, compared to USD 541.5m in the first quarter 2016, the company said.

Net income was USD 25.7m, an increase of USD 9.2m compared to the prior-year period.

Net income as a percentage of revenues was 4.7%, increasing 170 basis points from 3.0% in the prior-year period.

EPS totaled USD 0.40 compared to USD 0.39 in the first quarter 2016. The current year EPS includes a USD 0.20 per share dilutive impact from the mandatory convertible preferred stock.

Belden delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video 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.