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Stockreport

Belden Reports Results for Fourth Quarter and Full Year 2017

BELDEN (BDC)  More Company Research Source: Business Wire
Last belden earnings: 8/1 07:30 am Check Earnings Report
PDF ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for mission-critical applications, today reported fiscal fourth quarter and full year 2017 results for the period ended December 31, 2017. Fourth Quarter 2017 On a GAAP basis, revenues for the quarter totaled $604.9 million, declining 1.2% from $612.4 million in the prior-year period. Net income was $30.5 million, a decrease of $2.9 million, or 8.7%, compared to $33.4 million in the year-ago period. Net income was impacted by a one-time charge of $28.4 million related to the enactment of the Tax Cuts and Jobs Act (“TCJA”). Net income as a percentage of revenues was 5.0%, decreasing 40 basis points from 5.4% in the prior-year period. EPS totaled $0.51 compared to $0.58 in the fourth quarter 2016. The one-time charge as a result of the TCJA enactment had an EPS impact of $ [Read more]

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