Belden Inc. (BDC) 2010年年度报告「NYSE」.pdf

《Belden Inc. (BDC) 2010年年度报告「NYSE」.pdf》由会员分享，可在线阅读，更多相关《Belden Inc. (BDC) 2010年年度报告「NYSE」.pdf（108页珍藏版）》请在三个皮匠报告上搜索。

1、B e l d e n I n c.2 0 1 0 A n n u a l R e p o r tC A B L EN E T W O R K I N GC O N N E C T I V I T YINDUSTRIALENTERPRISEBROADCASTTRANSPORTATIONCONSUMER ELECTRONICSAt Belden,we produce and sell a comprehensive portfolio of cable,connectivity,and networking products into a variety of end-use markets,i

2、ncluding industrial,enterprise,broadcast,and consumer electronics.We add value to our highly differentiated,high-performance products through unsurpassed design and engineering,manufacturing excellence,and customer service.In conjunction with our partners,these core strengths enable us to create end

3、-to-end signal transmission solutions that meet the most demanding standards for data,sound,and video applications.B e l d e n I n c.2 0 1 0 A n n u a l R e p o r tJohn S.Stroup President and Chief Executive Officer1Belden began 2010 as a good signal transmis-sion company.Thanks to strong financial

4、re-sults and solid progress on the implementation of our long-term strategic plan,we enter 2011 several steps closer to becoming a great one.I am pleased to report that our revenue increased 19%to$1.62 billion,up from$1.36 billion in 2009.Earnings per share increased to$2.27 per diluted share,compar

5、ed to a loss of$0.53 in 2009.Adjusting for discontinued opera-tions and certain non-recurring items,non-GAAP income from continuing operations per diluted share increased 53%from$1.16 in 2009 to$1.77 in 2010.(See Reconcili-ation of Non-GAAP Measures on page 12.)Despite the need to fund a larger rece

6、ivable due to significant revenue growth,we generated$86 million in free cash flow,which exceeded net income.This is sig-nificant not only because it demonstrates the high qual-ity of our earnings,but also because it provides much of the cash we need to fund investments in our product portfolio and