EARNINGS RESULTS October 2025 3 rd QUARTER 2025 Connect to what's possible. Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements Our commentary and responses to your questions may contain forward-looking statements, including our outlook for the fourth quarter of 2025 and beyond. Forward-looking statements include projections of sales, earnings, general economic conditions, market conditions, working capital, market shares, free cash flow, pricing levels, and effective tax r ...

Financial Performance - Record Revenues of $698 million, up 7% year-over-year, with organic growth of 4%[3] - Adjusted EPS reached $1.97, a 16% increase year-over-year, while GAAP EPS was $1.41, up 8% year-over-year[4][7] - Net income for the quarter was $57 million, compared to $54 million in the year-ago period, representing 8.1% of revenues[4] - Adjusted EBITDA was $119 million, up 5% year-over-year, with an adjusted EBITDA margin of 17.0%[5] - Revenues for the three months ended September 28, 2025, were $698,221,000, up 6.6% from $654,926,000 in the same period of 2024[19] - Net income for the nine months ended September 28, 2025, was $169,633,000, an increase of 21.2% compared to $140,032,000 for the same period in 2024[15] - Adjusted gross profit for the nine months ended September 28, 2025, was $776,571,000, representing a 13.6% increase from $683,723,000 in the prior year[19] - The company reported a gross profit of $263 million for the quarter, with a gross profit margin of approximately 37.7%[12] - The company reported a GAAP gross profit margin of 38.5% for the nine months ended September 28, 2025, compared to 37.5% in the same period of 2024[19] Guidance and Projections - Guidance for Q4 2025 projects revenues between $690 million and $700 million, with adjusted EPS between $1.90 and $2.00[9] - The company expects GAAP income per diluted share for the three months ending December 31, 2025, to be in the range of $1.40 to $1.50[22] - Adjusted income per diluted share for the same period is projected to be between $1.90 and $2.00[22] Cash Flow and Capital Expenditures - Free cash flow for the nine months ended September 28, 2025, was $97,610,000, compared to $106,704,000 for the same period in 2024[21] - Capital expenditures for the nine months ended September 28, 2025, totaled $97,034,000, an increase from $70,759,000 in the prior year[21] - Net cash provided by operating activities for the nine months ended September 28, 2025, was $194,476,000, an increase from $177,357,000 in the prior year[21] - The company experienced a decrease in cash and cash equivalents of $56,045,000 for the nine months ended September 28, 2025, compared to a decrease of $274,062,000 in the same period of 2024[15] Business Segments - Automation Solutions segment revenues increased by 10%, while Smart Infrastructure Solutions segment revenues decreased by 1%[4][13] Strategic Focus and Challenges - The company emphasizes a commitment to innovation and operational discipline to capitalize on future growth opportunities[6] - Belden anticipates a challenging global economy impacting future financial performance, including revenues and margins[23] - The company warns of potential disruptions in the global supply chain affecting the timely acquisition of raw materials[23] - Belden acknowledges the impact of inflation and rising input costs on financial performance[23] - Belden's strategic initiatives aim for revenue growth and cost control, but execution risks remain[23] - The company emphasizes the importance of developing and introducing new products to maintain competitiveness in the market[23] Corporate Governance and History - The company is focused on environmental, social, and governance matters to meet increasing expectations[23] - Belden has manufacturing capabilities across North America, Europe, Asia, and Africa, enhancing its global reach[25] - Belden's forward-looking statements reflect management's current beliefs and expectations, which may not guarantee future performance[24] - The company has a history of over 120 years, emphasizing its commitment to making connections[25] Investor Relations - Belden's investor relations contact is available for further inquiries regarding financial performance[26]

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Core Insights - Belden Inc. reported record revenues of $698 million for the fiscal third quarter of 2025, representing a 7% year-over-year increase and a 4% year-over-year organic growth [1] - The company achieved a GAAP EPS of $1.41, which is an 8% increase compared to the previous year [1] - Adjusted EPS reached a record of $1.97, marking a 16% year-over-year growth [1] - During the quarter, Belden repurchased 0.4 million shares for $50 million, and a total of 1.4 million shares for $150 million year-to-date [1]

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Core Insights - Belden Inc. is collaborating with Accenture and NVIDIA to develop physical AI systems aimed at enhancing worker safety in manufacturing environments [2][4][9] - The new systems utilize advanced AI applications and time-sensitive network infrastructure to improve safety and quality control in factories [2][5][10] Group 1: Technology and Innovation - The virtual safety fence solution employs Accenture's Physical AI Orchestrator and NVIDIA's Omniverse and Metropolis libraries to monitor worker movements and pause robotic operations in hazardous zones [3][4] - Belden's Time Sensitive Networking (TSN) capabilities allow for microsecond-precise synchronization of video streams from multiple cameras, essential for real-time safety applications [5][7] - The integrated approach of Belden's physical AI systems reduces infrastructure costs and complexity while enhancing overall equipment effectiveness [11] Group 2: Market Application and Deployment - Following a successful pilot project, the virtual safety fence is set for commercial deployment at an automotive manufacturer later this year [4] - The physical AI systems address key manufacturing challenges such as labor shortages and the need for rapid facility modernization [10] - AI-powered vision systems have demonstrated real-time quality inspection capabilities, successfully identifying and removing defective pharmaceutical packages while maintaining production speed [8][9] Group 3: Strategic Partnerships - The collaboration leverages each company's strengths: Belden provides industrial networking, NVIDIA offers simulation and computing platforms, and Accenture contributes expertise in physical AI and manufacturing automation [9] - The partnership aims to create safer, smarter, and more connected industrial operations by integrating physical and digital worlds [1][2]

Core Points - Goldman Sachs BDC, Inc. will report its third quarter financial results for the period ending September 30, 2025, after market close on November 6, 2025 [1] - An earnings conference call is scheduled for November 7, 2025, at 9:00 am Eastern Time to discuss the financial results [1] Conference Call Information - Interested parties can participate via telephone or audio webcast available on the Investor Resources section of GS BDC's website [2] - For listen-only callers, domestic and international numbers are provided along with specific conference IDs for Q&A participants [2] Replay Information - An archived replay of the conference call will be accessible on the GS BDC website [3] Company Overview - Goldman Sachs BDC, Inc. is a specialty finance company regulated as a business development company under the Investment Company Act of 1940 [4] - The company primarily invests in middle-market companies in the U.S. and is externally managed by Goldman Sachs Asset Management, L.P. [4] - GS BDC aims to generate current income and capital appreciation through various debt and equity investments [4]

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Group 1 - The BDC sector is currently underperforming compared to the market, with many companies reaching new lows despite the S&P 500's rise [2] - Historically, BDC prices have been influenced more by market sentiment rather than intrinsic value [2] - The company Trade With Beta focuses on identifying directional and arbitrage opportunities in closed-end funds, emphasizing the importance of timing in these trades [1]

Group 1 - Kayne Anderson BDC, Inc. (NYSE: KBDC) has been identified as a top first-lien focused BDC pick for an extended period [1] - The article highlights the experience of Roberts Berzins in financial management and his contributions to the development of capital markets in Latvia [1] - Berzins has been involved in institutionalizing REIT frameworks and developing national SOE financing guidelines [1] Group 2 - The article does not provide any specific financial data or performance metrics related to KBDC or the broader industry [2][3]