Outlook
"Our solutions are being embraced by customers and partners, as our teams continue to lean into our transformation," said Dr. Chand. "The ever-increasing need for data and automation continues as reindustrialization trends are just starting. Our long-term growth opportunities are considerable, and with our continued push toward solutions, our portfolio is well-positioned to succeed as the next investment cycle ramps up. I am confident in the ability of the Belden team to continue to transform our business, adjust to changing market conditions, leverage our superior product portfolio, and capitalize on growth opportunities in all market conditions as we continue to generate sustainable, long-term shareholder value."
Customer destocking and other temporary headwinds are expected to continue into the second quarter. Relative to the first quarter, end demand is expected to be stable with revenues up slightly, in line with normal seasonal patterns.
Second Quarter 2024 Guidance
Revenues (million) $565 - $580
GAAP EPS $1.00 - $1.10
Adjusted EPS $1.30 - $1.40