Belden Inc. (NYSE:BDC) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET

Company Participants

Aaron Reddington - VP, IR
Ashish Chand - President & CEO
Jeremy Parks - SVP & CFO

Conference Call Participants

William Stein - Truist Securities
David Williams - Benchmark
Robert Jamieson - Vertical Research Partners
Mark Delaney - Goldman Sachs
Chris Dankert - Loop Capital

Operator

Ladies and gentlemen, thank you for standing by. Welcome to this morning's Belden reports Second Quarter 2024 Results Call. Just a reminder, this call is being recorded. At this time, you are in a listen-only mode. Later we will conduct a question and answer session. [Operator Instructions]

I would now like to turn the call over to Aaron Reddington, Vice President of Investor Relations. Please go ahead, sir.

Aaron Reddington

Good morning, everyone, and thank you for joining us for Belden's second quarter 2024 earnings conference call. With me today are Belden's President and CEO, Ashish Chand; and Senior Vice President and CFO, Jeremy Parks. Ashish will provide a strategic overview of our business, and then Jeremy will provide a detailed review of our financial and operating results, followed by Q&A.

We issued our earnings release earlier this morning, and 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 in reliance upon the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 contains 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 Ashish Chand.

Ashish Chand

Thank you, Aaron, and good morning, everyone. We really appreciate you joining us today. Let's turn to Slide 4 for a summary of the major accomplishments we achieved in the second quarter and key messages I would like to highlight. As a reminder, I will be referring to adjusted results today.

First, let me start by congratulating our team on another solid quarter in light of this dynamic environment. Inventory destocking continues in our markets, however, our performance was stable. For the second quarter, our revenue and EPS both exceeded the high end of our guidance as our solutions transformation continues to push forward. Revenue totaled $604 million and EPS came in at $1.51.