Belden Inc. Files Q3 2024 10-Q Report
Ticker: BDC · Form: 10-Q · Filed: Oct 31, 2024 · CIK: 913142
| Field | Detail |
|---|---|
| Company | Belden Inc. (BDC) |
| Form Type | 10-Q |
| Filed Date | Oct 31, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
**Belden Inc. Q3 2024 10-Q filed. Financials and operations detailed.**
AI Summary
Belden Inc. filed its 10-Q for the period ending September 29, 2024. The filing covers the third quarter of fiscal year 2024. Key financial data and business operations for this period are detailed within the report.
Why It Matters
This 10-Q filing provides investors and analysts with the latest financial performance and operational details for Belden Inc., crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks beyond those typically associated with public company reporting.
Key Players & Entities
- BELDEN INC. (company) — Filer
- 0000913142-24-000039 (other) — Accession Number
- 20240929 (date) — Period of Report
- 20241031 (date) — Filed as of Date
- ST. LOUIS (location) — Business Address City
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period of report ending September 29, 2024.
What is the company's Central Index Key (CIK)?
Belden Inc.'s Central Index Key is 0000913142.
What is the Standard Industrial Classification (SIC) code for Belden Inc.?
The SIC code for Belden Inc. is 3357, which corresponds to Drawing and Insulating Nonferrous Wire.
In which state was Belden Inc. incorporated?
Belden Inc. was incorporated in Delaware (DE).
What is the business address of Belden Inc.?
The business address is 1 NORTH BRENTWOOD BLVD, 15TH FLOOR, ST. LOUIS, MO 63105.
Filing Stats: 4,902 words · 20 min read · ~16 pages · Grade level 17.5 · Accepted 2024-10-31 13:08:41
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value BDC New York Stock Exchange
Filing Documents
- bdc-20240929.htm (10-Q) — 1464KB
- ex311q32024.htm (EX-31.1) — 10KB
- ex312q32024.htm (EX-31.2) — 10KB
- ex321q32024.htm (EX-32.1) — 4KB
- ex322q32024.htm (EX-32.2) — 4KB
- 0000913142-24-000039.txt ( ) — 7966KB
- bdc-20240929.xsd (EX-101.SCH) — 44KB
- bdc-20240929_cal.xml (EX-101.CAL) — 78KB
- bdc-20240929_def.xml (EX-101.DEF) — 185KB
- bdc-20240929_lab.xml (EX-101.LAB) — 589KB
- bdc-20240929_pre.xml (EX-101.PRE) — 413KB
- bdc-20240929_htm.xml (XML) — 1420KB
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements BELDEN INC. CONDENSED CONSOLIDATED BALANCE SHEETS September 29, 2024 December 31, 2023 (Unaudited) (In thousands) ASSETS Current assets: Cash and cash equivalents $ 322,982 $ 597,044 Receivables, net 430,176 413,806 Inventories, net 368,435 366,987 Other current assets 76,706 79,142 Total current assets 1,198,299 1,456,979 Property, plant and equipment, less accumulated depreciation 477,304 451,069 Operating lease right-of-use assets 132,844 89,686 Goodwill 1,056,549 907,331 Intangible assets, less accumulated amortization 406,207 269,144 Deferred income taxes 17,290 15,739 Other long-lived assets 51,958 50,243 $ 3,340,451 $ 3,240,191 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 306,745 $ 343,215 Accrued liabilities 272,565 290,289 Total current liabilities 579,310 633,504 Long-term debt 1,218,965 1,204,211 Postretirement benefits 70,356 74,573 Deferred income taxes 88,272 49,472 Long-term operating lease liabilities 113,507 74,941 Other long-term liabilities 34,802 37,188 Stockholders' equity: Common stock 503 503 Additional paid-in capital 833,449 818,663 Retained earnings 1,119,684 985,807 Accumulated other comprehensive loss ( 55,153 ) ( 41,279 ) Treasury stock ( 663,272 ) ( 597,437 ) Total Belden stockholders' equity 1,235,211 1,166,257 Noncontrolling interests 28 45 Total stockholders' equity 1,235,239 1,166,302 $ 3,340,451 $ 3,240,191 The accompanying notes are an integral part of these Condensed Consolidated Financial Statements. -1- BELDEN INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) Three Months Ended Nine Months Ended September 29, 2024 October 1, 2023 September 29, 2024 October 1, 2023 (In thousands, except per share data) Revenues $ 654,926 $ 626,807 $ 1,794,937 $ 1,960,841 Cost of sales ( 410,922 ) ( 385,639 ) ( 1,122,531 ) ( 1,212,240 ) Gross profit 244,004 241,168 672,406 748,601 Selling