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.
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