Belden (BDC) to Host Investor Day Webcast and Reaffirm Guidance

Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, will host its 2019 Investor Day webcast today at 9:00 am EST. Due to the severe winter weather impacting air travel into New York, the Company will be webcasting this meeting rather than hosting at the New York Stock Exchange as previously planned.

John Stroup, President, Chief Executive Officer, and Chairman, along with other members of senior management, will provide a detailed update on the Company’s strategy for creating shareholder value. A question and answer session will follow presentations.

During the presentation, the Company will reaffirm its current guidance for the fourth quarter and full year ending December 31, 2019.

The Company expects fourth quarter 2019 revenues to be $510 – $530 million. For the full year ending December 31, 2019, the Company expects revenues to be $2.092 - $2.112 billion.

The Company expects fourth quarter 2019 GAAP EPS to be $0.00 – $0.15. For the full year ending December 31, 2019, the Company expects GAAP EPS to be $2.04 - $2.19. This full year 2019 guidance relates to income from continuing operations and excludes Grass Valley, the $337.0 million after-tax non-cash impairment charge related to Grass Valley and an estimated loss of $75 million upon a sale of Grass Valley, primarily related to its accumulated foreign currency translation losses, as these items will be included in income (losses) from discontinued operations.

The Company expects fourth quarter 2019 adjusted EPS to be $1.00 – $1.15. For the full year ending December 31, 2019, the Company expects adjusted EPS to be $4.32 - $4.47.

Webcast

The live audio webcast will begin at 9:00 am EST and can be accessed at http://investor.belden.com/.

Audience members wanting to ask questions via the live audio bridge can dial 720-543-0302 in the United States or 800-239-9838 outside of the U.S.

Following the event, a replay of today's meeting, including the slides, will be accessible at http://investor.belden.com/.

BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
2019 EARNINGS GUIDANCE

Our guidance for income per diluted share attributable to Belden common stockholders is based upon information currently available regarding events and conditions that will impact our future operating results. In particular, our results are subject to the factors listed under "Forward-Looking Statements" in this release. In addition, our actual results are likely to be impacted by other additional events for which information is not available, such as asset impairments, purchase accounting effects related to acquisitions, severance, restructuring, and acquisition integration costs, gains (losses) recognized on the disposal of tangible assets, gains (losses) on debt extinguishment, discontinued operations, and other gains (losses) related to events or conditions that are not yet known.

Earnings per Share (EPS)

All references to EPS within this earnings release refer to income from continuing operations per diluted share attributable to Belden common stockholders.

Use of Non-GAAP Financial Information

Adjusted results are non-GAAP measures that reflect certain adjustments the Company makes to provide insight into operating results. GAAP to non-GAAP reconciliations accompany the condensed consolidated financial statements included in this release and have been published to the investor relations section of the Company’s website at http://investor.belden.com.

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