Belden Reports First Quarter 2024 Results and Acquisition of Precision Optical Technologies, Inc.

ST. LOUIS--(BUSINESS WIRE)--Belden Inc. (NYSE: BDC) (the “Company”), a leading global supplier of network infrastructure and digitization solutions, today reported fiscal first quarter results for the period ended March 31, 2024. First Quarter 2024 Highlights Revenues of $536 million, down 17% y/y and down 17% y/y organically GAAP EPS of $0.90, down 38% y/y Adjusted EPS of $1.24, down 26% y/y Entered into a definitive agreement to purchase Precision Optical Technologies, Inc. for $290 million i