Filing Flows › Belden (BDC) › Q1 2025
Belden (BDC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Belden (BDC) reported revenue of $625M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -6% from the quarter before. Operating margin was 11.6%, net earnings $51.9M (8.3% of revenue).
Belden, Q1 2025: revenue $625M (+17% year over year), operating margin 11.6%, net earnings $51.9M, operating cash flow $7.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $625M | -6% | +17% |
| Gross profit | $246M | -2% | +22% |
| Operating profit | $72.6M | +5% | +37% |
| Net earnings | $51.9M | -11% | +39% |
| Operating cash flow | $7.4M | -96% | +173% |
What changed
Revenue was $624.9M in Q1 2025, up 17% year over year and down 6% from the previous quarter. Automation Solutions was the largest line at 56% of revenue. Automation Solutions added $49.2M year over year (up 16%), 55% of the total change.
Gross margin was 39.3%, up 1.7 points from a year earlier. Operating profit was $72.6M, a 11.6% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 10% margin then. Operating expenses grew 17% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $51.9M, up 39% year over year. The effective tax rate was 16.3%.
Operating cash flow was $7.4M (up 173% year over year), 14% of net earnings. Non-cash charges added back $29.8M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items used $82.1M. Capital expenditures of $32.2M exceeded it, leaving free cash flow of −$24.8M.
Questions
What was Belden's revenue in the first quarter 2025?
Belden (BDC) reported revenue of $625M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -6% from the quarter before.
Was Belden profitable in the first quarter 2025?
Operating profit was $72.6M (11.6% of revenue) and net earnings $51.9M.
Source: Belden 10-Q on SEC EDGAR.