BELDEN INC.
Business
Belden Inc. is a global supplier of connection solutions for network infrastructure and automation technologies. The company offers copper and fiber cable systems, connectivity products, intelligent power and cooling systems, and digitization infrastructure for IT/OT convergence. Belden operates through two reportable segments—Smart Infrastructure Solutions serving data centers, broadband providers, and building automation; and Automation Solutions serving industrial markets including warehousing, energy, transportation, and discrete manufacturing. Products are distributed through resellers, OEMs, and direct channels with a significant portion of sales outside the United States.
Summary from 10-K filed 2026-02-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 2,715 | 2,461 | 2,512 | 2,606 | 2,301 | |
| Cost of sales | −1,684 | −1,539 | −1,557 | −1,690 | −1,529 | |
| Gross profit | 1,031 | 922 | 955 | 916 | 772 | |
| Selling, general and administrative expenses | −533 | −495 | −493 | −449 | −378 | |
| Research and development expenses | −129 | −112 | −116 | −104 | −90 | |
| Amortization of intangibles | −53 | −49 | −40 | −38 | −31 | |
| Gain on sale of assets | 0 | 0 | 12 | 38 | 0 | |
| Operating income | 316 | 266 | 318 | 363 | 264 | |
| Interest expense, net | −46 | −38 | −34 | −44 | — | |
| Loss related to revolver refinancing | −76,000 | 0 | 0 | −6 | −6 | |
| Non-operating pension benefit (cost) | −2 | −215,000 | 2 | 4 | 4 | |
| Income before taxes | 267 | 228 | 286 | 317 | 227 | |
| Income tax expense | −29 | −30 | −43 | −50 | −28 | |
| Net income | 238 | 198 | 243 | 255 | 64 | |
| Less: Net loss attributable to noncontrolling interest | 0 | −19,000 | −203,000 | 159,000 | 392,000 | |
| Net income attributable to Belden common stockholders | 238 | 198 | 243 | 255 | 64 | |
| Basic (in shares) | 40 | 41 | 42 | 44 | 45 | |
| Diluted (in shares) | 40 | 41 | 43 | 45 | 45 | |
| Basic income per share attributable to Belden common stockholders (in dollars per share) | 6 | 4.88 | 5.75 | 5.81 | 1.43 | |
| Diluted income per share attributable to Belden common stockholders (in dollars per share) | 5.91 | 4.8 | 5.66 | 5.72 | 1.41 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 390 | 370 | 597 | 688 | 642 | |
| Receivables, net | 463 | 410 | 414 | 440 | 383 | |
| Inventories, net | 402 | 343 | 367 | 342 | 345 | |
| Other current assets | 94 | 73 | 79 | 67 | 58 | |
| Total current assets | 1,349 | 1,196 | 1,457 | 1,536 | 1,878 | |
| Property, plant and equipment, less accumulated depreciation | 566 | 496 | 451 | 382 | 344 | |
| Operating lease right-of-use assets | 113 | 119 | 90 | 73 | 76 | |
| Goodwill | 1,037 | 1,019 | 907 | 862 | 821 | |
| Intangible assets, less accumulated amortization | 400 | 419 | 269 | 247 | 238 | |
| Deferred income taxes | 15 | 16 | 16 | 15 | 32 | |
| Other long-lived assets | 64 | 63 | 50 | 47 | 30 | |
| Total assets | 3,544 | 3,328 | 3,240 | 3,162 | 3,418 | |
| Accounts payable | 361 | 316 | 343 | 350 | 378 | |
| Accrued liabilities | 336 | 307 | 290 | 290 | 278 | |
| Total current liabilities | 697 | 623 | 634 | 640 | 753 | |
| Long-term debt | 1,286 | 1,130 | 1,204 | 1,161 | 1,460 | |
| Postretirement benefits | 64 | 63 | 75 | 68 | 121 | |
| Deferred income taxes | 98 | 77 | 49 | 59 | 51 | |
| Long-term operating lease liabilities | 94 | 100 | 75 | 59 | 62 | |
| Other long-term liabilities | 40 | 40 | 37 | 31 | 15 | |
| Common stock, par value $0.01 per share 200,000 shares authorized; 50,335 shares issued; 38,947 and 40,211 shares outstanding at 2025 and 2024, respectively | 503,000 | 503,000 | 503,000 | 503,000 | 503,000 | |
| Additional paid-in capital | 867 | 840 | 819 | 826 | 834 | |
| Retained earnings | 1,406 | 1,176 | 986 | 752 | 506 | |
| Accumulated other comprehensive loss | −97 | −4 | −41 | −6 | −71 | |
| Treasury stock, at cost 11,388 and 10,124 shares at 2025 and 2024, respectively | −912 | −718 | −597 | −429 | −314 | |
| Total Belden stockholders equity | 1,264 | 1,295 | 1,166 | 1,143 | 955 | |
| Total liabilities and stockholders' equity | 3,544 | 3,328 | 3,240 | 3,162 | 3,418 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 129 | 116 | 99 | 89 | 88 | |
| Share-based compensation | 30 | 28 | 21 | 24 | 25 | |
| Deferred income tax expense (benefit) | 5 | −16 | −13 | −627,000 | 4 | |
| Gain on sale of assets | 0 | 0 | −12 | −38 | 0 | |
| Receivables | −38 | 19 | 25 | −34 | −119 | |
| Inventories | −48 | 24 | −15 | 6 | −93 | |
| Accounts payable | 19 | −22 | −8 | −21 | 136 | |
| Accrued liabilities | 10 | 11 | −16 | −5 | 61 | |
| Income taxes | −9 | 7 | −4 | 2 | −6 | |
| Other assets | −281,000 | −7 | −9 | 3 | −13 | |
| Other liabilities | 19 | −6 | 10 | −5 | −21 | |
| Net cash provided by operating activities | 355 | 352 | 320 | 281 | 272 | |
| Capital expenditures | −136 | −129 | −117 | −105 | −91 | |
| Disposal of businesses, net of cash | 0 | −1 | 9 | 335 | 46 | |
| Cash from (used for) business acquisitions | 8 | −296 | −107 | −105 | −73 | |
| Proceeds from disposal of tangible assets | 191,000 | 113,000 | 14 | 44 | 30 | |
| Net cash used for investing activities | −128 | −427 | −200 | 168 | −92 | |
| Payments under share repurchase program, including excise tax | −196 | −134 | −192 | −150 | 0 | |
| Payments on revolving credit facility | −50 | 0 | 0 | −231 | −360 | |
| Withholding tax payments for share-based payment awards | −21 | −10 | −17 | −7 | −6 | |
| Cash dividends paid | −8 | −8 | −8 | −9 | −9 | |
| Debt issuance costs paid | −3 | 0 | 0 | 0 | −8 | |
| Payments under financing lease obligations | −2 | −1 | −423,000 | −157,000 | −3 | |
| Payments to noncontrolling interest holders | 0 | −67,000 | 0 | 0 | −3 | |
| Other | 0 | 728,000 | 0 | 0 | −3 | |
| Proceeds from issuance of common stock | 12 | 9 | 7 | 4 | 0 | |
| Borrowings on revolving credit facility | 50 | 0 | 0 | 0 | 356 | |
| Net cash used for financing activities | −218 | −144 | −212 | −393 | −33 | |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | 11 | −8 | 2 | −13 | −5 | |
| Net increase (decrease) in cash and cash equivalents | 20 | −227 | −91 | 44 | 142 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BELDEN INC.'s CIK number?
BELDEN INC.'s SEC CIK number is 0000913142 (913142). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BELDEN INC.'s SEC filings?
All of BELDEN INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BELDEN INC. last report earnings?
BELDEN INC. (BDC) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000913142-26-000021). This is BELDEN INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is BELDEN INC.'s most recent earnings 8-K?
BELDEN INC.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000913142-26-000021. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View BELDEN INC.'s latest earnings 8-K →
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