Belden Increases Full-year Guidance - Quick Facts

(RTTNews) - Belden Inc. (BDC) announced, for the full year ending December 31, 2017, the company now expects adjusted EPS to be $5.35 - $5.55, compared to the previously guided range of $4.95 - $5.20. The company now expects revenues to be $2.415 - $2.445 billion, compared to prior guidance of $2.355 - $2.405 billion.

"We are increasing our full-year revenue guidance to reflect the Thinklogical acquisition. We are also updating our EPS guidance to reflect the accretive impact of this acquisition and our recent debt refinancing at very favorable terms. We expect double-digit EPS growth in the second half of the year," said John Stroup, President, CEO.

Second-quarter adjusted EPS was $1.29 compared to $1.54 in the second quarter 2016. Revenues for the quarter totaled $610.6 million, up 1.2%, compared to adjusted revenues of $603.4 million in the second quarter 2016.