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Belden Reports Q1

ST. LOUIS, Mo. — Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission critical applications, today reported fiscal first quarter 2011 results for the period ended April 3, 2011.

First Quarter Results
Revenue for the quarter totaled $461.6 million, up $77.2 million or 20% compared to $384.4 million in the first quarter 2010. Earnings from continuing operations per diluted share for the quarter totaled $0.46, compared to $0.30 for the period ended April 4, 2010.

Results for the current quarter include the acquisitions of GarrettCom and the Thomas & Betts communications products business completed in the fourth quarter 2010, plus the acquisition of ICM Corp. completed in January 2011. Due to the closing of the Poliron transaction on April 1, 2011, first quarter 2011 revenues and earnings were unaffected by that acquisition.

John Stroup, President and CEO of Belden Inc., said, “We are benefiting from strategic portfolio actions that were immediately accretive to earnings and are expected to contribute increasingly to our business over the long term. In addition to these changes to our portfolio, we are experiencing a return to growth in many of our end markets, particularly in the industrial sector. Further, we have been able to leverage this growth into expanded operating margin and continued investment in our strategic priorities.”

Mr. Stroup continued, “We also recently expanded the Company's financial capacity with the execution of a 5-year, $400 million revolving credit facility. This new facility offers significant improvements in the flexibility and cost of any future short-term borrowings.”

Outlook
“Based on this very solid start to the year, I am increasingly confident that Belden will deliver another year of improved operating performance in 2011. We are well positioned on a global basis despite minor disruptions to Belden's business resulting from the earthquake in Japan and turmoil in the Middle East and North Africa, which have been incorporated in our forecast,” said Mr. Stroup. The Company expects second quarter 2011 revenues to be $510 – $515 million and income from continuing operations per diluted share of $0.58 – $0.61. For the full year ending December 31, 2011, the Company expects revenues to be $1.96 – $2.00 billion and income from continuing operations per diluted share of $2.15 – $2.30.

Earnings Conference Call
Management will host a conference call today at 10:30 a.m. Eastern to discuss results of the quarter. The listen-only audio of the conference call will be broadcast live via the Internet at http://investor.belden.com. The dial-in number for participants in the U.S. is 866-304-1238; the dial-in number for participants outside the U.S. is 913-312-6650. A replay of this conference call will remain accessible in the investor relations section of the Company's Web site for a limited time.

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