Belden Inc. Files 2024 10-K Report

TL;DR

Belden Inc. dropped its 2024 10-K. Financials for 2022-2024 are in. Check it out.

AI Summary

Belden Inc. filed its 2024 10-K report on February 13, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in St. Louis, MO, operates in the drawing and insulating nonferrous wire industry. The filing covers financial data for the fiscal years 2022, 2023, and 2024, providing a comprehensive overview of its financial position and operational results.

Why It Matters

This 10-K filing provides investors and analysts with a detailed look into Belden Inc.'s financial health and operational performance for the 2024 fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 2024 — Fiscal Year End (The report covers the financial performance up to this date.)
• 2023 — Previous Fiscal Year (Comparative financial data is likely included for this year.)
• 2022 — Prior Fiscal Year (Further comparative financial data is likely included for this year.)

Key Players & Entities

• BELDEN INC. (company) — Filer of the 10-K report
• 0000913142-25-000005 (document_id) — Accession number for the filing
• 20250213 (date) — Filing date of the 10-K
• 20241231 (date) — Fiscal year end date for the report
• ST. LOUIS, MO (location) — Company headquarters location
• 314-854-8000 (phone_number) — Company business phone number

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share BDC The New York St
• $93.80 — 940,349,913 based on the closing price ($93.80) of such stock on such date. As of Feb
• $509.7 million — ber 31, 2024 and 20 23, our backlog was $509.7 million and $539.6 million, respectively. Almos
• $539.6 m — 23, our backlog was $509.7 million and $539.6 million, respectively. Almost all of the

Filing Documents

• bdc-20241231.htm (10-K) — 2719KB
• exhibit191insidertradingpo.htm (EX-19.1) — 41KB
• exhibit211_2024.htm (EX-21.1) — 82KB
• exhibit231_2024.htm (EX-23.1) — 5KB
• exhibit241_2024.htm (EX-24.1) — 33KB
• exhibit311_2024.htm (EX-31.1) — 10KB
• exhibit312_2024.htm (EX-31.2) — 10KB
• exhibit321_2024.htm (EX-32.1) — 5KB
• exhibit322_2024.htm (EX-32.2) — 5KB
• bdc-20241231_g1.jpg (GRAPHIC) — 51KB
• 0000913142-25-000005.txt ( ) — 16687KB
• bdc-20241231.xsd (EX-101.SCH) — 100KB
• bdc-20241231_cal.xml (EX-101.CAL) — 150KB
• bdc-20241231_def.xml (EX-101.DEF) — 554KB
• bdc-20241231_lab.xml (EX-101.LAB) — 1212KB
• bdc-20241231_pre.xml (EX-101.PRE) — 925KB
• bdc-20241231_htm.xml (XML) — 3053KB

Risk Factors

Item 1A. Risk Factors 9

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 17

Cybersecurity

Item 1C. Cybersecurity 17

Properties

Item 2. Properties 18

Legal Proceedings

Item 3. Legal Proceedings 19

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 19 Part II

Market for Registrant's Common Equity and Related Shareholder Matters

Item 5. Market for Registrant's Common Equity and Related Shareholder Matters 20

[Reserved]

Item 6. [Reserved] 21

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 32

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 35

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 79

Controls and Procedures

Item 9A. Controls and Procedures 79

Other Information

Item 9B. Other Information 81

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 81 Part III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 82

Executive Compensation

Item 11. Executive Compensation 82

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 82

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 82

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 82 Part IV.

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 83

Signatures

Signatures 86 Part I

Business

Item 1. Business General Belden Inc. (the Company, us, we, or our) is a leading global supplier of complete connection solutions that unlock untold possibilities for our customers, their customers and the world. We advance ideas and technologies that enable a safer, smarter and more prosperous future. Throughout our 120-plus year history we have evolved as a company, but making connections remains our purpose. Our business is organized around two global businesses, Smart Infrastructure Solutions and Automation Solutions, both of which benefit from favorable secular trends which we expect to drive future growth. Each business represents a reportable segment. Financial information about our segments appears in Note 6 to the Consolidated Financial Statements. We sell our products to distributors, end-users, installers, and directly to original equipment manufacturers (OEMs). Belden Inc. is a Delaware corporation incorporated in 1988, but the Company's roots date back to its founding by Joseph Belden in 1902. As used herein, unless an operating segment is identified or the context otherwise requires, "Belden," the "Company", and "we" refer to Belden Inc. and its subsidiaries as a whole. Strategy and Business Model Our purpose is to make connections. Within Smart Infrastructure Solutions, our Smart Buildings products offer in-building wired and wireless infrastructures, fiber technology innovation, and design collaboration and customization to connect people with facilities through innovative solutions for enhanced human engagement, productivity, and security. Also within Smart Infrastructure Solutions, our Broadband Solutions products offer a broad portfolio of end-to-end solutions, industry-leading innovation and technology, and worldwide technical service and support to enable a connected, digital world through broadband and wireless innovation. Within Automation Solutions, we are uniquely positioned to support digital transformation by providing end-to-end digit

View Full Filing

View this 10-K filing on SEC EDGAR