Belden Inc.

Belden Inc. (BDC) reported strong FY 2025 financial performance with revenues of $2.72B, gross profit of $1.03B, and operating income of $315.7M. Net income attributable to common stockholders reached $237.5M, or $6 per basic and diluted share, reflecting robust profitability. Key drivers included controlled cost of sales at $1.68B, SG&A expenses of $533.4M, R&D at $128.8M, and amortization of $53.4M. Interest expense net was $46.4M, with income before taxes at $266.9M after a minor revolver refinancing loss and pension benefit. Balance sheet shows total assets of $3.54B, current assets $1.35B including $389.9M cash, inventories $402.3M, and receivables $462.8M. Long-term debt stands at $1.29B, with stockholders' equity at $1.26B. Cash flow from operations was exceptional at $354.9M, supporting $136.2M capex, $195.6M share repurchases, and net cash increase of $19.6M to $687.7M end-of-year. This positions Belden with strong liquidity for growth and shareholder returns amid stable operations.

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