)

Belden (BDC) investor relations material
Belden Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue reached $672M, up 11% year-over-year and above guidance, with adjusted EPS of $1.89, up 25% YoY, and GAAP EPS at $1.53, reflecting strong execution and solutions transformation.
Organic growth was 5% overall, with all major regions contributing; orders rose 16% YoY and 8% sequentially, and book-to-bill was 1.05.
Major customer wins included a multi-site data center solution and a $40M three-year global specification award with a US automotive manufacturer, supporting long-term growth.
Free cash flow for the trailing twelve months was $216M; 1M shares repurchased YTD for $100M, reflecting disciplined capital allocation.
The company remains well positioned for sustainable growth, supported by secular trends in automation, digitization, and IT/OT convergence.
Financial highlights
Revenue: $672M, up 11% YoY and above guidance; organic growth of 5%.
Adjusted gross margin increased 70 bps YoY to 38.9%; adjusted EBITDA margin up 50 bps to 17%.
Net income for Q2 2025 was $61M, up from $49M YoY; adjusted net income was $75.6M, up 22% YoY.
Effective tax rate for the quarter was 8.5%–12.3%, benefiting EPS by $0.11 due to discrete tax items.
Cash and equivalents at quarter end were $301M; free cash flow for Q2 2025 was $60.96M.
Outlook and guidance
Q3 2025 revenue guidance is $670M–$685M, up 2%–5% YoY; adjusted EPS expected at $1.85–$1.95, GAAP EPS at $1.33–$1.43.
Q3 tax rate expected at 12.5%; full year slightly over 15%.
Management targets mid-single-digit annual revenue growth, free cash flow margin near 10%, and annual adjusted EPS growth of 10–12%.
Long-term net leverage goal is around 1.5x, with incremental adjusted EBITDA margins between 25–30%.
Near-term demand expected to remain steady, with performance mirroring seasonal patterns; medium- and long-term outlooks remain constructive.
Next Belden earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage