Belden Raises Outlook - Quick Facts

(RTTNews) - Belden Inc. (BDC) announced, for the full year ending December 31, 2018, the company increased adjusted revenue and EPS guidance to reflect the recent acquisition, debt refinancing, and share repurchases. The company now expects adjusted revenues to be $2.633 - $2.683 billion, compared to prior guidance of $2.528 - $2.578 billion and adjusted EPS to be $6.23 - $6.48, compared to prior guidance of $5.95 - $6.20.

Adjusted revenues for the first-quarter totaled $607.4 million, up 10.2%, compared to $551.4 million in the first quarter 2017. Adjusted EPS was $1.16 compared to $0.92 in the first quarter 2017.