Belden Reports Fourth Quarter 2012 Income from Continuing Operations of $0.88 Per Diluted Share, a Year-over-Year Improvement of

  Belden Reports Fourth Quarter 2012 Income from Continuing Operations of
  $0.88 Per Diluted Share, a Year-over-Year Improvement of 83%, and Raises
  2013 Guidance

Fourth Quarter Highlights

  *Grew revenue by 8.2% year-over-year;
  *Achieved adjusted gross profit margins of 33.2%, increasing 450 basis
    points from 28.7% in the year-ago period;
  *Improved adjusted operating profit margins to 11.5%, increasing 260 basis
    points from 8.9% in the year-ago period;
  *Increased adjusted income from continuing operations per diluted share to
    $0.78, up 23.8% over last year’s $0.63 per diluted share, and
  *Raises full-year guidance for fiscal 2013 adjusted income from continuing
    operations per diluted share to $3.44 – $3.69.

Full Year 2012 Highlights

  *Increased net income per diluted share to $4.23, up 78% over last year's
    $2.38 per diluted share;
  *Completed inorganic portfolio improvements including the acquisitions of
    Miranda Technologies and PPC, the sale of the consumer electronics assets,
    and the divestiture of Thermax and Raydex;
  *Generated $145 million in free cash flow, exceeding income from continuing
    operations for the year, increasing our cash balance to $395 million, and
  *Purchased 2.1 million shares of Belden common stock for $75 million during
    the year, bringing the total program to date shares retired to 3.7 million
    under the previously announced share repurchase program.

Business Wire

ST. LOUIS -- February 7, 2013

Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for
mission critical applications, today reported fiscal fourth quarter and full
year 2012 results for the period ended December 31, 2012.

Fourth Quarter 2012

Revenue for the quarter totaled $477.7 million, up $36.4 million, or 8.2%,
compared to $441.3 million in the fourth quarter 2011. Income from continuing
operations per diluted share totaled $0.88, compared to $0.48 in the fourth
quarter 2011, a year-over-year increase of 83.3%. A non-GAAP reconciliation
table is provided as an appendix to this release.

Adjusted revenue for the quarter totaled $481.2 million, up $39.9 million, or
9.0%, compared to $441.3 million in the fourth quarter 2011. Adjusted income
from continuing operations per diluted share totaled $0.78, compared to $0.63
in the fourth quarter 2011. The effective tax rate for the quarter was less
than the 27.0% rate estimated in the Company’s previous guidance due to the
recognition of favorable discrete tax items, which had a positive impact of
$0.10 per diluted share.

John Stroup, President and CEO of Belden Inc., said, “Our performance in the
fourth quarter was consistent with trends experienced all year; strength in
industrial end-markets was offset by weaker enterprise demand. I’m pleased
with the progress we’ve made on expanding margins in a challenged
macroeconomic environment and believe we’re well positioned going forward.”

Full Year 2012

Revenue for the year totaled $1.84 billion, down $40 million, or 2.2%,
compared to $1.88 billion in the full year 2011. Consolidated net income per
diluted share totaled $4.23, compared to $2.38 in the full year 2011. This
includes a gain from the disposal of discontinued operations.

Adjusted revenue for the year totaled $1.85 billion, down $30 million, or
1.9%, compared to $1.88 billion in 2011. Adjusted operating income totaled
$205 million or 11.1% of adjusted revenue for the year, compared to $186
million or 9.9% of revenue in 2011. Adjusted income from continuing operations
per diluted share totaled $2.80 for the year, compared to $2.40 in 2011, a
16.7% increase.

Mr. Stroup remarked, “Our 2012 results reflect an exciting year at Belden. In
a challenged global economy, we grew adjusted earnings by almost 17%, while
expanding margins to record levels and continuing to generate strong cash
flow. I’m pleased with our ability to improve our portfolio through a series
of inorganic actions. We have reached a critical point in our transformation,
evolving into a provider of innovative signal transmission solutions with the
following four global business platforms: Industrial IT, Industrial
Connectivity, Enterprise Connectivity and Broadcast Solutions.”

Outlook

“We are off to a solid start in 2013 with an extremely strong business
portfolio. We remain focused on attractive markets with favorable secular
trends and share capture. With the expectation for slow global economic growth
in 2013, we continue to emphasize our strategic initiatives, including our
Market Delivery System and Lean Enterprise. We are confident that these
initiatives position us to perform well, and we are, therefore, increasing our
earnings outlook for 2013,” said Mr. Stroup.

The Company expects first quarter 2013 revenues to be $505 – $515 million and
adjusted income from continuing operations per diluted share to be $0.76 –
$0.81. For the full year ending December 31, 2013, the Company expects
revenues to be $2.07 – $2.12 billion and adjusted income from continuing
operations per diluted share to be $3.44 – $3.69.

Earnings Conference Call

Management will host a conference call today at 10:30 a.m. Eastern to discuss
results of the quarter. The listen-only audio of the conference call will be
broadcast live via the Internet athttp://investor.belden.com. The dial-in
number for participants in the U.S. is 888-599-8685; the dial-in number for
participants outside the U.S. is 913-312-0403. A replay of this conference
call will remain accessible in the investor relations section of the Company’s
Web site for a limited time.

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. All GAAP to non-GAAP
reconciliations accompany the consolidated financial statements included in
this release and have been published to the investor relations section of the
Company’s Web site at http://investor.belden.com.

Forward Looking Statements

Statements in this release other than historical facts are ”forward looking
statements” made in reliance upon the safe harbor of the Private Securities
Litigation Reform Act of 1995. Forward looking statements include any
statements regarding future revenues, costs and expenses, operating income,
earnings per share, margins, cash flows, dividends, and capital expenditures.
These forward looking statements are based on forecasts and projections about
the markets and industries served by the Company and about general economic
conditions. They reflect management’s beliefs and expectations. They are not
guarantees of future performance and they involve risk and uncertainty. The
Company’s actual results may differ materially from these expectations.
Changes in the global economy may impact the Company’s results. Turbulence in
financial markets may increase the Company’s borrowing costs. Additional
factors that may cause actual results to differ from the Company’s
expectations include: the Company’s reliance on key distributors in marketing
products; the Company’s ability to execute and realize the expected benefits
from strategic initiatives (including revenue growth, cost control, and
productivity improvement programs); changes in the level of economic activity
in the Company’s major geographic markets; difficulties in realigning
manufacturing capacity and capabilities among the Company’s global
manufacturing facilities; the competitiveness of the global cable,
connectivity and networking industries; variability in the Company’s quarterly
and annual effective tax rates; changes in accounting rules and interpretation
of these rules which may affect the Company’s reported earnings; changes in
currency exchange rates and political and economic uncertainties in the
countries where the Company conducts business; demand for the Company’s
products; the cost and availability of materials including copper, plastic
compounds derived from fossil fuels, electronic components, and other
materials; energy costs; the Company’s ability to achieve acquisition
performance expectations and to integrate acquired businesses successfully;
the ability of the Company to develop and introduce new products; the Company
having to recognize charges that would reduce income as a result of impairing
goodwill and other intangible assets; security risks and the potential for
business interruption from operating in volatile countries; disruptions or
failures of the Company’s (or the Company’s suppliers or customers) systems or
operations in the event of a major earthquake, weather event, cyber-attack,
terrorist attack, or other catastrophic event that could cause delays in
completing sales, providing services, or performing other mission-critical
functions; 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,
2011, filed with the SEC on February 29, 2012. Belden disclaims any duty to
update any forward looking statements as a result of new information, future
developments, or otherwise.

About Belden

St. Louis-based Belden Inc. designs, manufactures, and sells connectivity
solutions for markets including industrial, enterprise, and broadcast. It has
approximately 6,700 employees, and has manufacturing capabilities in North
America, South America, Europe, and Asia, and a market presence in nearly
every region of the world. Belden was founded in 1902, and today is a leader
with some of the strongest brands in the signal transmission industry. For
more information, visitwww.belden.com.

                                                            
BELDEN INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited)
                                                                  
                                                                  
                   Three Months Ended            Twelve Months Ended
                   December 31,   December 31,   December 31,     December 31,
                   2012           2011           2012             2011
                   (In thousands, except per share data)
                                                                  
Revenues           $ 477,687      $ 441,320      $ 1,840,739      $ 1,882,187
Cost of sales       (327,350 )    (317,721 )    (1,274,142 )    (1,340,666 )
Gross profit         150,337        123,599        566,597          541,521
Selling,
general and          (89,789  )     (79,606  )     (345,926   )     (319,034   )
administrative
expenses
Research and         (17,976  )     (13,653  )     (65,410    )     (54,752    )
development
Amortization         (9,647   )     (3,219   )     (22,792    )     (13,149    )
of intangibles
Income from
equity method        2,450          3,973          9,704            13,169
investment
Asset
impairment and      (3,772   )    (2,549   )    (33,676    )    (2,549     )
loss on sale
of assets
Operating            31,603         28,545         108,497          165,206
income
Interest             (13,730  )     (11,876  )     (52,038    )     (48,118    )
expense
Interest             300            485            1,033            1,011
income
Loss on debt        (1,865   )    -            (52,450    )    -          
extinguishment
Income from
continuing           16,308         17,154         5,042            118,099
operations
before taxes
Income tax
benefit             23,170       5,619        38,194         (16,791    )
(expense)
Income from
continuing           39,478         22,773         43,236           101,308
operations
Income from
discontinued         2,428          3,754          16,774           13,037
operations,
net of tax
Gain from
disposal of
discontinued        124,697      -            134,480        -          
operations,
net of tax
Net income         $ 166,603     $ 26,527      $ 194,490       $ 114,345    
                                                                  
                                                                  
Weighted
average number
of common
shares and
equivalents:
Basic                44,163         46,472         45,097           47,109
Diluted              45,028         47,415         45,942           48,104
                                                                  
Basic income
(loss) per
share:
Continuing         $ 0.89         $ 0.49         $ 0.96           $ 2.15
operations
Discontinued         0.06           0.08           0.37             0.28
operations
Disposal of
discontinued        2.82         -            2.98           -          
operations
Net income         $ 3.77        $ 0.57        $ 4.31          $ 2.43       
                                                                  
Diluted income
(loss) per
share:
Continuing         $ 0.88         $ 0.48         $ 0.94           $ 2.11
operations
Discontinued         0.05           0.08           0.36             0.27
operations
Disposal of
discontinued        2.77         -            2.93           -          
operations
Net income         $ 3.70        $ 0.56        $ 4.23          $ 2.38       
                                                                  
Comprehensive      $ 171,179     $ 9,447       $ 195,545       $ 100,555    
income
                                                                  
Dividends
declared per       $ 0.05         $ 0.05         $ 0.20           $ 0.20
share

                                                                                     
BELDEN INC.
OPERATING SEGMENT INFORMATION
(Unaudited)
                                                                                              
                                                                                 Income
                                                                                 from
                                                   Total                        Equity
                                                                                 Method
             Americas      EMEA        Asia        Segments      Eliminations   Investment   Total
                                        Pacific
Three
Months
Ended         (In thousands)
December
31, 2012
External
customer      $ 318,696     $ 81,907    $ 77,084    $ 477,687     $ -            $  -         $ 477,687
revenues
Affiliate      6,356        33,782     414        40,552       (40,552  )     -          -
revenues
Total         $ 325,052     $ 115,689   $ 77,498    $ 518,239     $ (40,552  )   $  -         $ 477,687
revenues
                                                                                              
Operating     $ 25,576      $ 19,153    $ 7,031     $ 51,760      $ (22,607  )   $  2,450     $ 31,603
income
                                                                                                
Three
Months
Ended
December
31, 2011
External
customer      $ 268,635     $ 89,604    $ 83,081    $ 441,320     $ -            $  -         $ 441,320
revenues
Affiliate      5,571        35,595     520        41,686       (41,686  )     -          -
revenues
Total         $ 274,206     $ 125,199   $ 83,601    $ 483,006     $ (41,686  )   $  -         $ 441,320
revenues
                                                                                              
Operating     $ 27,510      $ 16,500    $ 2,475     $ 46,485      $ (21,913  )   $  3,973     $ 28,545
income
                                                                                                
Twelve
Months
Ended
December
31, 2012
External
customer      $ 1,185,846   $ 342,473   $ 312,420   $ 1,840,739   $ -            $  -         $ 1,840,739
revenues
Affiliate      28,612       121,973    3,218      153,803      (153,803 )     -          -
revenues
Total         $ 1,214,458   $ 464,446   $ 315,638   $ 1,994,542   $ (153,803 )   $  -         $ 1,840,739
revenues
                                                                                              
Operating     $ 111,982     $ 60,979    $ 4,459     $ 177,420     $ (78,627  )   $  9,704     $ 108,497
income
                                                                                                
Twelve
Months
Ended
December
31, 2011
External
customer      $ 1,130,616   $ 401,777   $ 349,794   $ 1,882,187   $ -            $  -         $ 1,882,187
revenues
Affiliate      29,534       114,648    1,178      145,360      (145,360 )     -          -
revenues
Total         $ 1,160,150   $ 516,425   $ 350,972   $ 2,027,547   $ (145,360 )   $  -         $ 1,882,187
revenues
                                                                                              
Operating     $ 124,483     $ 70,007    $ 24,814    $ 219,304     $ (67,267  )   $  13,169    $ 165,206
income


BELDEN INC.
SUPPLEMENTAL PRODUCT GROUP INFORMATION
(Unaudited)
                                                              
                                                                   
Three Months Ended        Americas      EMEA        Asia Pacific   Total
December 31, 2012
                          (In thousands)
Cable products            $ 203,269     $ 32,217    $   58,435     $ 293,921
Networking products         70,240        30,427        15,507       116,174
Connectivity products      45,187       19,263       3,142       67,592
Total revenues            $ 318,696     $ 81,907    $   77,084     $ 477,687
                                                                   
Three Months Ended
December 31, 2011
Cable products            $ 197,164     $ 35,444    $   66,629     $ 299,237
Networking products         28,109        33,777        13,150       75,036
Connectivity products      43,362       20,383       3,302       67,047
Total revenues            $ 268,635     $ 89,604    $   83,081     $ 441,320
                                                                   
Twelve Months Ended
December 31, 2012
Cable products            $ 831,247     $ 136,829   $   245,983    $ 1,214,059
Networking products         179,788       118,024       55,920       353,732
Connectivity products      174,811      87,620       10,517      272,948
Total revenues            $ 1,185,846   $ 342,473   $   312,420    $ 1,840,739
                                                                   
Twelve Months Ended
December 31, 2011
Cable products            $ 835,925     $ 154,101   $   284,962    $ 1,274,988
Networking products         109,399       144,896       52,893       307,188
Connectivity products      185,292      102,780      11,939      300,011
Total revenues            $ 1,130,616   $ 401,777   $   349,794    $ 1,882,187


BELDEN INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
                                                        
                                       December 31, 2012     December 31, 2011
                                       (Unaudited)
                                       (In thousands)
ASSETS
Current assets:
Cash and cash equivalents              $   395,095           $   382,552
Receivables, net                           300,864               288,543
Inventories, net                           215,282               184,174
Deferred income taxes                      19,885                17,174
Other current assets                       28,456                21,619
Current assets of discontinued            -                   60,484     
operations
                                                             
Total current assets                       959,582               954,546
                                                             
Property, plant and equipment,             307,048               280,113
less accumulated depreciation
Goodwill                                   778,708               336,591
Intangible assets, less                    428,273               139,515
accumulated amortization
Deferred income taxes                      46,970                13,523
Other long-lived assets                   64,002              63,832     
                                                             
                                       $   2,584,583        $   1,788,120  
                                                             
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable                       $   183,672           $   214,507
Accrued liabilities                        166,272               150,735
Current maturities of long-term            15,678                -
debt
Current liabilities of                    86,860              16,324     
discontinued operations
                                                             
Total current liabilities                  452,482               381,566
                                                             
Long-term debt                             1,135,527             550,926
Postretirement benefits                    144,320               131,237
Other long-term liabilities                40,394                29,842
Stockholders’ equity:
Common stock                               503                   503
Additional paid-in capital                 598,180               601,484
Retained earnings                          461,756               276,363
Accumulated other comprehensive            (30,565    )          (22,709    )
loss
Treasury stock                            (218,014   )         (161,092   )
                                                             
Total stockholders’ equity                811,860             694,549    
                                                             
                                       $   2,584,583        $   1,788,120  

                                                        
BELDEN INC.
CONDENSED CONSOLIDATED CASH FLOW STATEMENTS
(Unaudited)
                                                             
                                       Twelve Months Ended
                                       December 31, 2012    December 31, 2011
                                       (In thousands)
Cash flows from operating
activities:
Net income                             $   194,490           $   114,345
Adjustments to reconcile net
income to net cash provided by
operating activities:
Depreciation and amortization              59,355                50,174
Loss on debt extinguishment                52,450                -
Asset impairment and loss on sale          33,676                2,549
of assets
Share-based compensation                   12,374                11,241
Provision for inventory                    5,085                 1,160
obsolescence
Pension funding less than pension          593                   3,812
expense
Tax benefit related to share-based         (4,119     )          (1,790    )
compensation
Income from equity method                  (9,704     )          (13,169   )
investment
Gain from disposal of discontinued         (134,480   )          -
operations
Deferred income tax expense                (42,750    )          2,294
(benefit)
Changes in operating assets and
liabilities, net of the effects of
currency exchange rate changes and
acquired businesses:
Receivables                                5,628                 4,680
Inventories                                31,706                (22,873   )
Accounts payable                           (55,166    )          9,281
Accrued liabilities                        (681       )          12,317
Accrued taxes                              (10,760    )          (55       )
Other assets                               968                   12,219
Other liabilities                         723                 (1,622    )
Net cash provided by operating             139,388               184,563
activities
                                                             
Cash flows from investing
activities:
Cash used to acquire businesses,           (860,353   )          (60,519   )
net of cash acquired
Capital expenditures                       (41,010    )          (40,053   )
Proceeds from disposal of                 309,423             1,213     
businesses and tangible assets
Net cash used for investing                (591,940   )          (99,359   )
activities
                                                             
Cash flows from financing
activities:
Borrowings under credit                    1,149,966             -
arrangements
Payments under borrowing                   (593,864   )          -
arrangements
Tax benefit related to share-based         4,119                 1,790
compensation
Proceeds from settlement of                4,024                 -
derivatives
Proceeds from exercise of stock            2,372                 4,599
options
Cash dividends paid                        (11,441    )          (9,410    )
Debt issuance costs paid                   (15,414    )          (3,296    )
Payments under share repurchase           (75,000    )         (50,000   )
program
Net cash provided by (used for)            464,762               (56,317   )
financing activities
                                                             
Effect of foreign currency
exchange rate changes on cash and         333                 (4,988    )
cash equivalents
                                                             
Increase in cash and cash                  12,543                23,899
equivalents
Cash and cash equivalents,                382,552             358,653   
beginning of period
Cash and cash equivalents, end of      $   395,095          $   382,552   
period

                                                             
BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)
                                                                   
We define free cash flow, which is a non-GAAP financial measure, as net cash
provided by operating activities adjusted for acquisition and divestiture
transaction costs, less capital expenditures, net of 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               Twelve Months Ended
                    December 31,     December 31,    December      December
                    2012             2011            31, 2012      31, 2011
                    (In thousands)
GAAP net cash
provided by         $  46,053        $  85,101       $ 139,388     $ 184,563
operating
activities
Capital                (9,222  )        (18,293  )     (41,010 )     (40,053 )
expenditures
Proceeds from
the disposal           8,339            7              9,575         1,213
of tangible
assets
Working
capital
settlement in
connection             32,333           -              32,333        -
with sale of
consumer
electronics
assets
Acquisition
and
divestiture           4,928          -            4,928       -       
transaction
costs
Non-GAAP free       $  82,431       $  66,815      $ 145,214    $ 145,723 
cash flow

                                                            
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,
purchase accounting effects related to acquisitions, revenue and cost of sales
deferrals, severance and other restructuring costs, gains (losses) recognized
on the disposal of tangible assets, amortization of intangible assets, gains
(losses) on debt extinguishment, settlement of the Cooper tax sharing
agreement dispute, and other costs. 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.
Adjusted results should be considered only in conjunction with results
reported according to accounting principles generally accepted in the United
States.
                                                                 
                                                                 
                                                                 
                   Three Months Ended            Twelve Months Ended
                   December 31,    December      December 31,    December 31,
                   2012            31, 2011      2012            2011
                   (In thousands, except percentages and per share amounts)
                                                                 
GAAP revenues      $  477,687      $ 441,320     $ 1,840,739     $ 1,882,187
Deferred
revenue              3,482        -           6,272         -         
adjustments
Adjusted           $  481,169     $ 441,320    $ 1,847,011    $ 1,882,187 
revenues
                                                                 
GAAP gross         $  150,337      $ 123,599     $ 566,597       $ 541,521
profit
Purchase
accounting,
severance and        9,206        2,924       25,432        2,924     
deferred gross
profit
adjustments
Adjusted gross     $  159,543     $ 126,523    $ 592,029      $ 544,445   
profit
Adjusted gross
profit as a
percent of            33.2     %     28.7    %     32.1      %     28.9      %
adjusted
revenues
                                                                 
GAAP operating     $  31,603       $ 28,545      $ 108,497       $ 165,206
income
Asset
impairment and        3,772          2,549         33,770          2,549
loss on sale of
assets
Severance and
other                 500            4,938         17,833          4,938
restructuring
costs
Purchase
accounting            10,062         -             21,281          -
effects related
to acquisitions
Amortization of
intangible            7,148          3,219         20,293          13,149
assets
Deferred gross
profit               2,038        -           2,902         -         
adjustments
Total operating
income               23,520       10,706      96,079        20,636    
adjustments
Adjusted
operating          $  55,123      $ 39,251     $ 204,576      $ 185,842   
income
Adjusted
operating
income as a           11.5     %     8.9     %     11.1      %     9.9       %
percent of
adjusted
revenues
                                                                 
GAAP income
from continuing    $  39,478       $ 22,773      $ 43,236        $ 101,308
operations
Operating
income                23,520         10,706        96,079          20,636
adjustments
from above
Loss on debt          1,865          -             52,450          -
extinguishment
Tax benefit
from Cooper tax
sharing               (21,043  )     -             (21,043   )     -
agreement
settlement
Tax effect of        (8,523   )    (3,455  )    (42,092   )    (6,650    )
adjustments
Adjusted income
from continuing    $  35,297      $ 30,024     $ 128,630      $ 115,294   
operations
                                                                 
GAAP income
from continuing    $  0.88         $ 0.48        $ 0.94          $ 2.11
operations per
diluted share
Adjusted income
from continuing    $  0.78         $ 0.63        $ 2.80          $ 2.40
operations per
diluted share
                                                                 
GAAP and
Adjusted
diluted               45,028         47,415        45,942          48,104
weighted
average shares

                                                     
BELDEN INC.
RECONCILIATION OF NON-GAAP MEASURES
2013 EARNINGS GUIDANCE
                                                            
                                                            
                                    Year Ended              Three Months Ended
                                    December 31, 2013       March 31, 2013
Non-GAAP income from
continuing operations per           $3.44 - $3.69           $0.76 - $0.81
diluted share
Amortization of intangible          ($0.74)                 ($0.18)
assets
Deferred gross profit               ($0.15)                 ($0.05)
adjustments
Purchase accounting effects
related to Miranda and PPC          ($0.14)                 ($0.12)
acquisitions
Purchase accounting effects         *                       *
related to 2013 acquisitions
GAAP income from continuing         *                       *
operations per diluted share
                                                            
                                                            
Our guidance for income from continuing operations per diluted share is based
upon the extent of information currently available regarding events and
conditions that will impact our future operating results for 2013. Our actual
income from continuing operations per diluted share may be impacted by other
additional events for which information is not available, such as asset
impairments, purchase accounting effects related to future acquisitions,
severance and other restructuring costs, gains (losses) recognized on the
disposal of tangible assets, gains (losses) on debt extinguishment, and other
gains (losses) related to events or conditions that are not yet known.
                                                            
                                                            
* Purchase accounting effects and amortization of intangible assets related to
2013 acquisitions are not yet available.

Contact:

Belden Inc.
Investor Relations, 314-854-8054
Investor.Relations@Belden.com
 
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