Belden provides long-term financial targets at investor day

Belden will host its 2024 investor day at the Belden Customer Innovation Center in Chicago, Illinois. Management will provide an update on Belden’s solutions transformation, key accelerators to drive further growth and margin expansion, and new long-term targets. Driven by its strategic initiatives, the company’s financial targets through 2028 are as follows: mid-single-digit annual revenue growth; incremental adjusted EBITDA margins between 25% to 30%; free cash flow margin approaching 10%; net leverage around 1.5 times and annual Adjusted EPS growth of 10% to 12%.