Belden Inc. (BDC) 2006年年度报告「NYSE」.pdf

1、2006 ANNUAL REPORT Financial PerformanceTransformationBelden is Sending All The Right SignalsFor Belden,2006 was a landmark year a transformation of the Belden organization:we developed and launched a new three-year strategic plan,introduced new branding to herald our expansion and delivered strong

2、financial performance.$1,496$1,246$8652006200520049.2%4.4%2.0%200620052004$119$25$25200620052004$1.48$0.69$0.31200620052004RETURN ON EQUITYREVENUE(Millions)FREE CASH FLOW Cash From Operations Less Capital Expenditures(Millions)DILUTED EARNINGS PER SHAREFrom Continuing OperationsDear Fellow Sharehold

3、ers,The year 2006 marks a watershed in Beldens history,a year when we began our transformation from being a good company to becoming agreat one.It was a year of strong financial performance.Our earnings from continuing operations more than doubled,rising to$1.48 per diluted share.Our revenues increa

4、sed 20.1 percent to$1.5 billion.These results are duenot only to a strong market demand for our products,but also to some fundamental changes we are making in our company.These fundamental changes all flow from what I consider our mostimportant accomplishment of 2006:the creation of a strategic plan

5、.The culmination of seven months of rigorous assessments of our company andmarkets,this landmark plan defines our eight top-level improvement priorities for the next three years.Most pertain tostrengthening our existing core business and fostering its future growth.One of the most important prioriti

6、es,however,is aimed at expanding the scope of our business.I am confident we have identified the right strategic issues and opportunities,and believe we are off to a great start inexecuting them.Ill discuss each briefly.1.Brand ManagementWhile our company has several strong brands,the Beldenbrand is