Belden Sets Annual Adjusted, Revenue Growth Targets Through 2028; Launches New Share Buyback
Belden (BDC) said Thursday that it has established a new long-term target of annual adjusted earnings per share growth of 10% to 12% on mid-single-digital annual revenue growth through 2028.
The company also said it has authorized a new $300 million share buyback program, adding to the $115 million balance remaining from the previous authorization.
The company said it is also renaming its former Industrial Automation Solutions segment as Automation Solutions and its former Enterprise Solutions segment as Smart Infrastructure Solutions.
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