Henk Derksen, the senior vice president and CFO of Belden Inc. (BDC), presented the company’s financial financial plans to achieve four specific goals over the next three years at the 34th annual Canaccord Genuity Global Growth Conference in Boston this week.
The first goal is to grow organic revenue from 0.6% to 4%-6% over the next three years, which includes a commitment to capture market of 2% or better, he said. The second goal focuses on growing operating profit margin from 13.8% in 2013 to 14%-16%.
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The third goal was to continue growing the company’s free cash flow, a goal the company has met over the last nine years. And fourth, growing ROIC from 10.6% in 2013 to the 13% to 15% level, he said.
Discussing past achievements, Derksen said revenue has grown from $1.2 billion in FY 2005 to nearly $2.1 billion in FY 2013, while operating income increased from 5.5% to 13.8% and a diluted EPS from $0.69 to $3.69 adjusted.
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