Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial and enterprise markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today's applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia. For more information, visit us at www.belden.com or follow us on Twitter @BeldenInc.
Revenues decreased $18.4 million, or 3.0%, in the three months ended March 31, 2019 from the comparable period of 2018 due to the following factors:
The decrease in volume was primarily experienced in our Enterprise solutions segment, partially offset by an increase in volume in our Industrial solutions segment.
Gross profit decreased $5.9 million, or 2.5%, in the three months ended March 31, 2019 from the comparable period of 2018 due to the decreases in revenues discussed above as well as a $0.7 million increase in the amortization of software development intangible assets. The aforementioned adverse impacts on gross profit were partially offset by decreases in severance, restructuring, and acquisition integration costs and purchase accounting effects of acquisitions of $8.8 million and $0.5 million, respectively, as compared to the year ago period.