BELDEN 3Q16 Results
​Belden, the US manufacturer of cables, connectivity and networking products, has released solid 3Q16 results. Organic revenue increased by 2.6% yoy to $602m in Q3, supported by solid growth in the Broadcast (+4.5%; 34% of sales) and Enterprise (+4.5%; 24% of sales) segments. It is worth pointing out that the Industrial segment (35% of sales), which had weighed heavily on the company’s performance last year (weak oil & gas and LatAm markets), was back to a positive 1% growth (following signs of stabilization in Q2). It benefited from moderate growth in several manufacturing markets which offset continued weakness in O&G. Conversely, the small but very profitable Network Security segment posted a surprising 4.7% decline while we...
Belden is a global supplier of networking solutions built around two global business platforms: Enterprise Solutions and Industrial Solutions. The company's portfolio of solutions enables customers to transmit and secure data, sound, and video for mission critical applications across complex enterprise and industrial environments. The company's Enterprise Solutions segment provides network infrastructure solutions, as well as cabling and connectivity solutions for commercial audio/video and security applications. The company's Industrial Solutions segment provides networking components and machine connectivity products.
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