Earnings Call Summary | Belden(BDC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Belden(BDC.US) Q1 2024 Earnings Conference
The following is a summary of the Belden Inc. (BDC) Q1 2024 Earnings Call Transcript:
以下是百通公司（BDC）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Belden reported Q1 2024 revenue of $536 million, a decrease of 17% YoY.
Adjusted EPS was $1.24.
Gross profit margins slightly decreased to 38.4% due to lower sales volume.
Belden's trailing 12-month free cash flow stayed strong at $241 million.
The company returned $58 million to shareholders through the repurchase of approximately 700,000 shares.
Net leverage ratio remained consistent with their long-term target at 1.6.
百通公佈的2024年第一季度收入爲5.36億美元，同比下降17％。
調整後的每股收益爲1.24美元。
由於銷量減少，毛利率略有下降至38.4％。
百通過去12個月的自由現金流保持強勁，爲2.41億美元。
該公司通過回購約70萬股股票向股東返還了5800萬美元。
淨槓桿率與其長期目標1.6保持一致。
Business Progress:
業務進展：
Demand for Q1 2024 stayed stable, similar to the previous period.
Orders for Q1 2024 were up 5% sequentially, indicating a more stable order environment.
The company signed a definitive purchase agreement to acquire Precision Optical Technologies, which will increase their contributions to the enterprise and broadband markets, primarily in the PON market.
Belden launched capabilities in network resilience, edge computing, and data interoperability.
Notable operational accomplishments included a $10M+ project for a rail network in India and a multimillion-dollar project for a major American hospital facility redevelopment.
Precision Optical Technologies acquisition is projected to generate 2024 revenue of approximately $150 million with growth in the mid-to-high single digits in the coming years.
Despite the ongoing destocking cycle, Belden stands by its $8 EPS target for 2025, expressing confidence in its investments.
Belden plans to continue organic growth driven by solutions, M&A, and share repurchases, with an anticipated increase in infrastructure-related capital expenditures.
The company is concentrating on strong markets like healthcare for unique growth opportunities and striving to differentiate itself from competitors by focusing on solutions-oriented processes.
The acquisition of Precision Optical Technologies will help Belden to augment its capabilities with existing and new customers, particularly in serving the data center sectors.
2024年第一季度的需求保持穩定，與前一時期類似。
2024年第一季度的訂單連續增長了5％，這表明訂單環境更加穩定。
該公司簽署了收購精密光學技術的最終收購協議，這將增加他們對企業和寬帶市場（主要是PON市場）的貢獻。
Belden 推出了網絡彈性、邊緣計算和數據互操作性方面的功能。
顯著的運營成就包括一個耗資超過1000萬美元的印度鐵路網項目和一個耗資數百萬美元的美國大型醫院設施重建項目。
收購精密光學技術預計將在2024年產生約1.5億美元的收入，未來幾年將達到中高個位數的增長。
儘管去庫存週期持續不斷，但百通仍堅持其2025年每股收益8美元的目標，表示對其投資充滿信心。
百通計劃繼續在解決方案、併購和股票回購的推動下實現有機增長，預計與基礎設施相關的資本支出將增加。
該公司專注於醫療保健等強勁市場，尋找獨特的增長機會，並努力通過專注於以解決方案爲導向的流程來使自己與競爭對手區分開來。
收購精密光學技術將幫助百通增強其在現有和新客戶中的能力，特別是在爲數據中心領域提供服務方面。
More details: Belden IR
更多詳情： Belden IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。