Belden Inc. (NYSE:BDC) Q3 2022 Results Conference Call November 2, 2022 8:30 AM ET

Company Participants

Jeremy Parks - CFO

Roel Vestjens - President and CEO

Conference Call Participants

Chris Dankert - Loop Capital

Noelle Dilts - Stifel

Reuben Garner - Benchmark Company

Operator

Ladies and gentlemen, thank you for standing by. Welcome to this morning’s Belden Third Quarter 2022 Earnings Results Conference Call. [Operator Instructions]

I would now like to turn the call over to Jeremy Parks. Please go ahead, sir.

Jeremy Parks

Thank you, Mary. Good morning, everyone, and thank you for joining us today for Belden’s Third Quarter 2022 Earnings Conference Call. This is Jeremy Parks, Belden’s Chief Financial Officer. With me this morning is Belden’s President and CEO, Roel Vestjens. Roel will provide a strategic overview of our business, and then I will provide a detailed review of our financial and operating results followed by Q&A.

We issued our earnings release earlier this morning, and we have prepared a slide presentation that we will reference on this call. The press release, presentation and transcript of these prepared remarks are currently available online at investor.belden.com. Turning to Slide 2 in the presentation. During this call, management will make certain forward-looking statements. For more information, please review today’s press release and our most recent annual report on Form 10-K. Additionally, during today’s call, management will reference adjusted or non-GAAP financial information. In accordance with Regulation G, the appendix to our presentation and the Investor Relations section of our website contain a reconciliation of the most closely associated GAAP financial information to the non-GAAP financial information we communicate. I will now turn the call over to our President and CEO, Roel Vestjens. Roel?

Roel Vestjens

Thank you, Jeremy, and good morning, everyone. As a reminder, I’ll be referring to adjusted results today.

Please turn to Slide 3 for a summary of today’s presentation. We delivered another outstanding quarter with total revenues and EPS that exceeded the high end of our guidance ranges for the 10th straight quarter. Further, we delivered a company record of $1.77 of EPS. I would like to thank our global teams for their strong execution in navigating a complex and challenging environment while supporting the needs of our customers. Revenues in the quarter increased 15% organically and the increase was broad-based across our businesses, demonstrating the continued strength of the secular trends behind our portfolio. We continue to transition from a supplier of trusted products to a value-added partner in the design and implementation of network infrastructure solutions.