8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

__________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): July 29, 2020

Belden Inc.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

_____________________

Delaware	001-12561	36-3601505
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1 North Brentwood Boulevard, 15^th Floor

St. Louis, Missouri 63105

(Address of Principal Executive Offices, including Zip Code)

(314) 854-8000

(Registrant’s telephone number, including area code)

n/a

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if this Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $0.01 par value	BDC	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 29, 2020, Belden Inc. (the Company) issued a press release announcing its financial results for the second quarter 2020. A copy of the press release is attached as Exhibit 99.1 and is incorporated into this current report.

The information in this Item 2.02 and in the press release (attached as Exhibit 99.1 to this current report) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise be subject to the liabilities of that Section or Section 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 and in the accompanying exhibit shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by Belden Inc., whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01. Financial Statements and Exhibits.

d) Exhibits.
Exhibit Number	Description
99.1	Company news release dated July 29, 2020, titled "Belden Reports Results for Second Quarter 2020"

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BELDEN INC.
Date: July 29, 2020	By:	/s/ Brian E. Anderson
		Brian E. Anderson
		Senior Vice President-Legal, General
		Counsel and Corporate Secretary

2

EX-99.1

Exhibit 99.1

	1 North Brentwood Boulevard	Phone: 314.854.8000
	15th Floor	Fax: 314.854.8003
	St. Louis, Missouri 63105
		www.Belden.com

News Release

Belden Reports Results for Second Quarter 2020

St. Louis, Missouri – July 29, 2020 - Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today reported fiscal second quarter 2020 results for the period ended June 28, 2020.

Second Quarter 2020

Revenues for the quarter totaled $424.8 million, compared to $548.4 million in the prior-year period. EPS totaled $0.07 compared to $0.82 in the second quarter 2019.

Adjusted EPS was $0.46 compared to $1.26 in the second quarter 2019. Adjusted results are non-GAAP measures, and a non-GAAP reconciliation table is provided as an appendix to this release.

Roel Vestjens, President and CEO of Belden Inc., said, “Overall, in light of COVID-19 the business performed in line with our expectations during the second quarter. We are pleased to report double-digit organic order growth in our broadband & 5G business, along with positive operating and free cash flows. We are very comfortable with our liquidity position, and as a result during the second quarter we repaid $100 million of the $190 million that we previously drew down under our revolver.”

Outlook

“The COVID-19 situation continues to create significant economic uncertainty and challenges in our global markets, but demand trends in our business appear to have stabilized. Assuming no further material disruptions related to the global pandemic, we expect modest sequential improvement in the third and fourth quarters. The Grass Valley divestiture represented an important milestone for Belden, and we were pleased to complete the transaction. We continue to align our portfolio of businesses around the favorable secular trends in industrial automation, cybersecurity, broadband & 5G, and smart buildings, and the Company is well positioned for profitable growth longer-term,” said Mr. Vestjens.

Earnings Conference Call

Management will host a conference call today at 8:30 am ET 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 888-599-8686; the dial-in number for participants outside the U.S. is 720-543-0302. A replay of this conference call will remain accessible in the investor relations section of the Company’s website for a limited time.

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.

BELDEN INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended				Six Months Ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
	(In thousands, except per share data)
Revenues	$	424,811	$	548,352	$	888,337	$	1,048,492
Cost of sales	(274,871)		(343,280)		(567,896)		(656,564)
Gross profit	149,940		205,072		320,441		391,928
Selling, general and administrative expenses	(91,703)		(102,454)		(190,092)		(200,409)
Research and development expenses	(25,090)		(24,775)		(51,309)		(48,022)
Amortization of intangibles	(16,017)		(19,068)		(32,202)		(37,232)
Operating income	17,130		58,775		46,838		106,265
Interest expense, net	(14,257)		(13,961)		(27,581)		(27,949)
Non-operating pension benefit	700		537		1,399		1,140
Income from continuing operations before taxes	3,573		45,351		20,656		79,456
Income tax expense	(400)		(3,956)		(2,592)		(10,126)
Income from continuing operations	3,173		41,395		18,064		69,330
Income (loss) from discontinued operations, net of tax	(71,054)		895		(97,164)		(1,862)
Net income (loss)	(67,881)		42,290		(79,100)		67,468
Less: Net income (loss) attributable to noncontrolling interest	24		90		(6)		66
Net income (loss) attributable to Belden	(67,905)		42,200		(79,094)		67,402
Less: Preferred stock dividends	—		8,733		—		17,466
Net income (loss) attributable to Belden common stockholders	$	(67,905)	$	33,467	$	(79,094)	$	49,936
Weighted average number of common shares and equivalents:
Basic	44,557		39,389		44,969		39,405
Diluted	44,665		39,611		45,097		39,635
Basic income (loss) per share attributable to Belden common stockholders:
Continuing operations attributable to Belden common stockholders	$	0.07	$	0.83	$	0.40	$	1.31
Discontinued operations attributable to Belden common stockholders	(1.59)		0.02		(2.16)		(0.05)
Net income (loss) per share attributable to Belden common stockholders	$	(1.52)	$	0.85	$	(1.76)	$	1.27
Diluted income (loss) per share attributable to Belden common stockholders:
Continuing operations attributable to Belden common stockholders	$	0.07	$	0.82	$	0.40	$	1.31
Discontinued operations attributable to Belden common stockholders	(1.59)		0.02		(2.16)		(0.05)
Net income (loss) per share attributable to Belden common stockholders	$	(1.52)	$	0.84	$	(1.76)	$	1.26
Common stock dividends declared per share	$	0.05	$	0.05	$	0.10	$	0.10

BELDEN INC.

OPERATING SEGMENT INFORMATION

(Unaudited)

Effective January 1, 2020, we transferred our West Penn Wire business and multi-conductor product lines from the Enterprise Solutions segment to the Industrial Solutions segment, and as such, have recast the prior period segment information.

		Enterprise Solutions			Industrial Solutions			Total Segments
	(In thousands, except percentages)
For the three months ended June 28, 2020
Segment Revenues		$	203,374		$	221,437		$	424,811
Segment EBITDA		22,231			26,449			48,680
Segment EBITDA margin		10.9		%	11.9		%	11.5		%
Depreciation expense		5,122			5,210			10,332
Amortization of intangibles		5,354			10,663			16,017
Amortization of software development intangible assets		56			330			386
Severance, restructuring, and acquisition integration costs		2,423			2,049			4,472
Purchase accounting effects of acquisitions		105			—			105
For the three months ended June 30, 2019
Segment Revenues		$	245,325		$	303,027		$	548,352
Segment EBITDA		35,571			55,744			91,315
Segment EBITDA margin		14.5		%	18.4		%	16.7		%
Depreciation expense		4,852			5,056			9,908
Amortization of intangibles		5,726			13,342			19,068
Amortization of software development intangible assets		35			28			63
Severance, restructuring, and acquisition integration costs		2,519			—			2,519
Purchase accounting effects of acquisitions		718			—			718
For the six months ended June 28, 2020
Segment Revenues		$	415,587		$	472,750		$	888,337
Segment EBITDA		46,943			61,976			108,919
Segment EBITDA margin		11.3		%	13.1		%	12.3		%
Depreciation expense		10,203			10,411			20,614
Amortization of intangibles		10,858			21,344			32,202
Amortization of software development intangible assets		111			605			716
Severance, restructuring, and acquisition integrations costs		4,973			3,118			8,091
Purchase accounting effects of acquisitions		125			—			125
For the six months ended June 30, 2019
Segment Revenues		$	452,408		$	596,084		$	1,048,492
Segment EBITDA		57,206			110,408			167,614
Segment EBITDA margin		12.6		%	18.5		%	16.0		%
Depreciation expense		9,657			10,354			20,011
Amortization of intangibles		10,425			26,807			37,232
Amortization of software development intangible assets		71			51			122
Severance, restructuring, and acquisition integrations costs		2,519			—			2,519
Purchase accounting effects of acquisitions		718			—			718

BELDEN INC.

OPERATING SEGMENT RECONCILIATION TO CONSOLIDATED RESULTS

(Unaudited)

	Three Months Ended				Six Months Ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
	(In thousands)
Total Segment Revenues	$	424,811	$	548,352	$	888,337	$	1,048,492
Deferred revenue adjustments	—		—		—		—
Consolidated Revenues	$	424,811	$	548,352	$	888,337	$	1,048,492
Total Segment EBITDA	$	48,680	$	91,315	$	108,919	$	167,614
Eliminations	(238)		(264)		(333)		(747)
Total non-operating pension benefit	700		537		1,399		1,140
Consolidated Adjusted EBITDA (1)	49,142		91,588		109,985		168,007
Amortization of intangibles	(16,017)		(19,068)		(32,202)		(37,232)
Interest expense, net	(14,257)		(13,961)		(27,581)		(27,949)
Depreciation expense	(10,332)		(9,908)		(20,614)		(20,011)
Severance, restructuring, and acquisition integration costs	(4,472)		(2,519)		(8,091)		(2,519)
Amortization of software development intangible assets	(386)		(63)		(716)		(122)
Purchase accounting effects related to acquisitions	(105)		(718)		(125)		(718)
Income from continuing operations before taxes	$	3,573	$	45,351	$	20,656	$	79,456

(1)Consolidated Adjusted EBITDA is a non-GAAP measure. See Reconciliation of Non-GAAP Measures for additional information.

BELDEN INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 28, 2020		December 31, 2019
	(Unaudited)
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	359,702	$	407,480
Receivables, net	302,303		334,634
Inventories, net	242,677		231,333
Other current assets	36,112		29,172
Current assets of discontinued operations	250,322		375,135
Total current assets	1,191,116		1,377,754
Property, plant and equipment, less accumulated depreciation	340,000		345,918
Operating lease right-of-use assets	56,613		62,251
Goodwill	1,244,895		1,243,669
Intangible assets, less accumulated amortization	308,529		339,505
Deferred income taxes	22,412		25,216
Other long-lived assets	13,465		12,446
	$	3,177,030	$	3,406,759
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	188,970	$	268,466
Accrued liabilities	240,419		283,799
Current liabilities of discontinued operations	109,673		170,279
Total current liabilities	539,062		722,544
Long-term debt	1,537,367		1,439,484
Postretirement benefits	130,427		136,227
Deferred income taxes	46,960		48,725
Long-term operating lease liabilities	49,772		55,652
Other long-term liabilities	43,560		38,308
Stockholders’ equity:
Common stock	503		503
Additional paid-in capital	815,982		811,955
Retained earnings	431,459		518,004
Accumulated other comprehensive loss	(85,541)		(63,418)
Treasury stock	(338,484)		(307,197)
Total Belden stockholders’ equity	823,919		959,847
Noncontrolling interests	5,963		5,972
Total stockholders’ equity	829,882		965,819
	$	3,177,030	$	3,406,759

BELDEN INC.

CONDENSED CONSOLIDATED CASH FLOW STATEMENTS

(Unaudited)

	Six Months Ended
	June 28, 2020		June 30, 2019
	(In thousands)
Cash flows from operating activities:
Net income (loss)	$	(79,100)	$	67,468
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization	53,533		72,739
Asset impairment of discontinued operations	113,007		—
Share-based compensation	8,798		7,594
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes and acquired businesses:
Receivables	52,602		20,329
Inventories	(9,769)		17,351
Accounts payable	(86,382)		(91,542)
Accrued liabilities	(13,697)		(59,410)
Income taxes	(46,274)		(12,361)
Other assets	13,971		5,092
Other liabilities	(18,819)		(5,615)
Net cash provided by (used for) operating activities	(12,130)		21,645
Cash flows from investing activities:
Capital expenditures	(41,734)		(50,769)
Cash from business acquisitions, net of cash acquired	590		(50,517)
Proceeds from disposal of tangible assets	3,090		19
Net cash used for investing activities	(38,054)		(101,267)
Cash flows from financing activities:
Borrowings on revolver	190,000		—
Payments under borrowing arrangements	(100,000)		—
Payments under share repurchase program	(35,000)		(22,815)
Payment of earnout consideration	(29,300)		—
Cash dividends paid	(4,572)		(21,448)
Withholding tax payments for share-based payment awards	(1,058)		(2,002)
Other	(111)		(173)
Net cash provided by (used for) financing activities	19,959		(46,438)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(2,620)		693
Decrease in cash and cash equivalents	(32,845)		(125,367)
Cash and cash equivalents, beginning of period	425,885		420,610
Cash and cash equivalents, end of period	$	393,040	$	295,243

For all periods presented, the Consolidated Cash Flow Statement includes the results of the Grass Valley disposal group.

BELDEN INC.

RECONCILIATION OF NON-GAAP MEASURES

(Unaudited)

In addition to reporting financial results in accordance with accounting principles generally accepted in the United States, we provide non-GAAP operating results adjusted for certain items, including: asset impairments; accelerated depreciation expense due to plant consolidation activities; purchase accounting effects related to acquisitions, such as the adjustment of acquired inventory and deferred revenue to fair value and transaction costs; severance, restructuring, and acquisition integration costs; gains (losses) recognized on the disposal of businesses and tangible assets; amortization of intangible assets; gains (losses) on debt extinguishment; certain revenues and gains (losses) from patent settlements; discontinued operations; and other costs. We adjust for the items listed above in all periods presented, unless the impact is clearly immaterial to our financial statements. When we calculate the tax effect of the adjustments, we include all current and deferred income tax expense commensurate with the adjusted measure of pre-tax profitability.

We utilize the adjusted results to review our ongoing operations without the effect of these adjustments and for comparison to budgeted operating results. We believe the adjusted results are useful to investors because they help them compare our results to previous periods and provide important insights into underlying trends in the business and how management oversees our business operations on a day-to-day basis. As an example, we adjust for the purchase accounting effect of recording deferred revenue at fair value in order to reflect the revenues that would have otherwise been recorded by acquired businesses had they remained as independent entities. We believe this presentation is useful in evaluating the underlying performance of acquired companies. Similarly, we adjust for other acquisition-related expenses, such as amortization of intangibles and other impacts of fair value adjustments because they generally are not related to the acquired business' core business performance. As an additional example, we exclude the costs of restructuring programs, which can occur from time to time for our current businesses and/or recently acquired businesses. We exclude the costs in calculating adjusted results to allow us and investors to evaluate the performance of the business based upon its expected ongoing operating structure. We believe the adjusted measures, accompanied by the disclosure of the costs of these programs, provides valuable insight.

Adjusted results should be considered only in conjunction with results reported according to accounting principles generally accepted in the United States.

	Three Months Ended						Six Months Ended
	June 28, 2020			June 30, 2019			June 28, 2020			June 30, 2019
	(In thousands, except percentages and per share amounts)
GAAP and adjusted revenues	$	424,811		$	548,352		$	888,337		$	1,048,492
GAAP gross profit	$	149,940		$	205,072		$	320,441		$	391,928
Amortization of software development intangible assets	386			63			716			122
Severance, restructuring, and acquisition integration costs	92			300			137			300
Purchase accounting effects related to acquisitions	105			718			125			718
Adjusted gross profit	$	150,523		$	206,153		$	321,419		$	393,068
GAAP gross profit margin	35.3		%	37.4		%	36.1		%	37.4		%
Adjusted gross profit margin	35.4		%	37.6		%	36.2		%	37.5		%
GAAP selling, general and administrative expenses	$	(91,703)		$	(102,454)		$	(190,092)		$	(200,409)
Severance, restructuring, and acquisition integration costs	4,380			2,219			7,954			2,219
Adjusted selling, general and administrative expenses	$	(87,323)		$	(100,235)		$	(182,138)		$	(198,190)
GAAP and adjusted research and development expenses	$	(25,090)		$	(24,775)		$	(51,309)		$	(48,022)
GAAP net income (loss) attributable to Belden	$	(67,905)		$	42,200		$	(79,094)		$	67,402
Loss (income) from discontinued operations, net of tax	71,054			(895)			97,164			1,862
Interest expense, net	14,257			13,961			27,581			27,949
Income tax expense	400			3,956			2,592			10,126
Noncontrolling interest	24			90			(6)			66
Total non-operating adjustments	85,735			17,112			127,331			40,003
Amortization of intangible assets	16,017			19,068			32,202			37,232
Severance, restructuring, and acquisition integration costs	4,472			2,519			8,091			2,519
Amortization of software development intangible assets	386			63			716			122
Purchase accounting effects related to acquisitions	105			718			125			718
Total operating income adjustments	20,980			22,368			41,134			40,591
Depreciation expense	10,332			9,908			20,614			20,011
Adjusted EBITDA	$	49,142		$	91,588		$	109,985		$	168,007
GAAP net income (loss) margin	(16.0)		%	7.7		%	(8.9)		%	6.4		%
Adjusted EBITDA margin	11.6		%	16.7		%	12.4		%	16.0		%
GAAP net income (loss) attributable to Belden	$	(67,905)		$	42,200		$	(79,094)		$	67,402
Operating income adjustments from above	20,980			22,368			41,134			40,591
Loss (income) from discontinued operations, net of tax	71,054			(895)			97,164			1,862
Tax effect of adjustments above	(3,800)			(4,922)			(8,395)			(9,119)
Adjusted net income attributable to Belden	$	20,329		$	58,751		$	50,809		$	100,736
GAAP net income (loss) attributable to Belden	$	(67,905)		$	42,200		$	(79,094)		$	67,402
Loss (income) from discontinued operations, net of tax	71,054			(895)			97,164			1,862
Less: Preferred stock dividends	—			8,733			—			17,466
GAAP net income from continuing operations attributable to Belden common stockholders	$	3,149		$	32,572		$	18,070		$	51,798
Adjusted net income attributable to Belden	$	20,329		$	58,751		$	50,809		$	100,736
Less: Preferred stock dividends	—			—			—			17,466
Adjusted net income from continuing operations attributable to Belden common stockholders	$	20,329		$	58,751		$	50,809		$	83,270
GAAP income from continuing operations per diluted share attributable to Belden common stockholders	$	0.07		$	0.82		$	0.40		$	1.31
Adjusted income from continuing operations per diluted share attributable to Belden common stockholders	$	0.46		$	1.26		$	1.13		$	2.10
GAAP diluted weighted average shares	44,665			39,611			45,097			39,635
Adjusted for assumed conversion of preferred stock into common stock	—			6,857			—			—
Adjusted diluted weighted average shares	44,665			46,468			45,097			39,635

BELDEN INC.

RECONCILIATION OF NON-GAAP MEASURES

(Unaudited)

We define free cash flow, which is a non-GAAP financial measure, as net cash from operating activities adjusted for capital expenditures net of the proceeds from the disposal of tangible assets. We believe free cash flow provides useful information to investors regarding our ability to generate cash from business operations that is available for acquisitions and other investments, service of debt principal, dividends and share repurchases. We use free cash flow, as defined, as one financial measure to monitor and evaluate performance and liquidity. Non-GAAP financial measures should be considered only in conjunction with financial measures reported according to accounting principles generally accepted in the United States. Our definition of free cash flow may differ from definitions used by other companies.

	Three Months Ended				Six Months Ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
	(In thousands)
GAAP net cash provided by (used for) operating activities	$	39,922	$	67,705	$	(12,130)	$	21,645
Capital expenditures, net of proceeds from the disposal of tangible assets	(19,799)		(27,165)		(38,644)		(50,750)
Non-GAAP free cash flow	$	20,123	$	40,540	$	(50,774)	$	(29,105)

Forward-Looking Statements

This release and any statements made by us concerning the subject matter of this release may contain forward-looking statements, including our expectations for the third quarter and full-year 2020 and the results of our restructuring program. Forward-looking statements also include any statements regarding future financial performance (including revenues, expenses, earnings, margins, cash flows, dividends, capital expenditures and financial condition), plans and objectives, and related assumptions. In some cases these statements are identifiable through the use of words such as “anticipate,” “believe,” “estimate,” “forecast,” “guide,” “expect,” “intend,” “plan,” “project,” “target,” “can,” “could,” “may,” “should,” “will,” “would” and similar expressions. Forward-looking statements reflect management’s current beliefs and expectations and are not guarantees of future performance. Actual results may differ materially from those suggested by any forward-looking statements for a number of reasons, including, without limitation: the lack of certainty as to the duration and magnitude of the impact of COVID-19 and the economic recovery from that impact; the results of the Company’s impairment analysis, which could reduce EPS, adjusted EPS, and various other financial metrics; the presence of substitute products in the marketplace; the inability of the Company to develop and introduce new products and competitive responses to our products; the increased prevalence of cloud computing; the inability to execute and realize the expected benefits from strategic initiatives (including revenue growth, cost control, and productivity improvement programs); the inability to achieve our strategic priorities in emerging markets; the inability to successfully complete and integrate acquisitions in furtherance of the Company’s strategic plan; foreign and domestic political, economic and other uncertainties, including changes in currency exchange rates; changes in tax laws and variability in the Company’s quarterly and annual effective tax rates; the impact of a challenging global economy or a downturn in served markets; the impact of changes in global tariffs and trade agreements; difficulty in forecasting revenue due to the unpredictable timing of orders related to customer projects; the competitiveness of the global markets in which we operate; volatility in credit and foreign exchange markets; the cost and availability of raw materials including copper, plastic compounds, electronic components, and other materials; the inability to obtain components in sufficient quantities on commercially reasonable terms; disruptions in the Company’s information systems including due to cyber-attacks; perceived or actual product failures; risks related to the use of open source software; disruption of, or changes in, the Company’s key distribution channels; the inability to retain senior management and key employees; assertions that the Company violates the intellectual property of others and the ownership of intellectual property by competitors and others that prevents the use of that intellectual property by the Company; the impact of regulatory requirements and other legal compliance issues; the impairment of goodwill and other intangible assets and the resulting impact on financial performance; disruptions and increased costs attendant to collective bargaining groups and other labor matters; and other factors.

For a more complete discussion of risk factors, please see our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 11, 2020, as well as enhancements made to our risk factors throughout the year as disclosed in our first quarter 2020 Form 10-Q filed with the SEC on May 4, 2020. Although the content of this release represents our best judgment as of the date of this report based on information currently available and reasonable assumptions, we give no assurances that the expectations will prove to be accurate. Deviations from the expectations may be material. For these reasons, Belden cautions readers to not place undue reliance on these forward-looking statements, which speak only as of the date made. Belden disclaims any duty to update any forward-looking statements as a result of new information, future developments, or otherwise, except as required by law.

About Belden

Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial and enterprise markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today's applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia. For more information, visit us at www.belden.com or follow us on Twitter @BeldenInc.

Contact:

Belden Investor Relations

314-854-8054

Investor.Relations@Belden.com

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Document and Entity Information Document	Jul. 29, 2020
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jul. 29, 2020
Entity Registrant Name	Belden Inc.
Entity Central Index Key	0000913142
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity File Number	001-12561
Entity Tax Identification Number	36-3601505
Entity Address, Address Line One	1 North Brentwood Boulevard
Entity Address, Address Line Two	15th Floor
Entity Address, City or Town	St. Louis
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63105
City Area Code	314
Local Phone Number	854-8000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	BDC
Security Exchange Name	NYSE
Entity Emerging Growth Company	false