Belden Inc. - BDC STOCK NEWS

Belden has inaugurated its second Customer Innovation Center (CIC) in Santa Clara, California, following the first center's opening in Stuttgart, Germany, in April 2021. The CICs are designed to foster collaboration between customers and consultants, focusing on safety, automation, quality, and productivity in an increasingly digital landscape. This initiative supports Belden's growth strategy, enabling the delivery of customized Industry 4.0 solutions for effective digital transformation. The company anticipates opening a third CIC in 2023.

Belden Denmark has once again achieved the Great Place to Work® certification, marking the seventh time in 2022. This includes high satisfaction scores of 87% from employees at its Cekan and PPC Denmark locations. The company emphasizes a culture of teamwork, feedback, and innovation. Key factors for the certification included trust, employee value, and inclusivity. Leaders express pride in fostering a supportive environment, showcasing significant improvements that reflect in the positive employee sentiments.

Belden Inc. has launched six new products in Q4 2022 aimed at enhancing data transmission and management. Highlights include the Belden Horizon™, a managed software platform promoting secure access and connectivity for OT devices, and the Hirschmann GDME Heavy-Duty Valve Connectors, designed for harsh environments. Other products include the Hirschmann GREYHOUND Switches featuring MACsec technology, and Lumberg Automation connectors that support Industrial Internet of Things applications. These innovations reflect Belden's commitment to secure and reliable network infrastructure.

Belden showcased its Industrial Automation Solutions at the SPS trade fair in Nuremberg from November 8-10, 2022. The company's solutions aim to support digital transformation and the transition to Industry 4.0. Attendees experienced product demos, including Belden Horizon™ and Hirschmann BOBCAT, and attended an interactive presentation by Jeremy Friedmar, emphasizing the urgency of building future-ready infrastructures. Belden, identified by the stock symbol BDC, aims to help manufacturers optimize and secure industrial networks, facilitating the growth of intelligent devices and robust analytics.

Belden Inc. (NYSE: BDC) reported a strong fiscal Q3 2022 with revenues of $670 million, an 11% increase from the prior year. Net income rose to $104 million (15.5% of revenue), largely due to a $38 million gain from an asset sale. Record EPS was $2.35, compared to $0.97 in Q3 2021. Adjusted EBITDA reached $118 million, showing a 17% growth. The company raised its full-year revenue guidance to $2.583 - $2.598 billion, expecting 15% to 16% organic growth. Fourth-quarter revenue is projected between $635 - $650 million, influenced by seasonal patterns and a stronger USD.

Belden Inc., a global leader in specialty networking solutions, has received Great Place to Work certification for its facilities in Nogales, Tijuana, and Monterrey, Mexico. Almost 87% of employees surveyed recognize these locations as great workplaces. The certification comes from a thorough analysis of employee feedback focusing on workplace culture and support programs. Belden emphasizes a diverse and inclusive environment, offering services that enhance employee well-being and community involvement.

Belden Inc. (NYSE: BDC) will report its fiscal third-quarter results on November 2, 2022, before the market opens. A conference call to discuss the results is scheduled for 8:30 a.m. Eastern Time.

Investors can access the live audio of the call via the company’s website, with a replay available for a limited time. With over 120 years in the industry, Belden specializes in network infrastructure solutions and has a global manufacturing presence across North America, Europe, Asia, and Africa.

Belden has launched the OptiTuff Mini Pre-Terminated Fiber Trunks, a unique solution that combines the durability of metal armored and the efficiency of non-armored fiber cables. These assemblies are 90% lighter and 66% smaller than traditional solutions, providing significant space and weight advantages. With twice the crush resistance of non-armored trunks, they also reduce costs by up to 50%. Ideal for tight spaces in various environments, this innovation addresses installers' demands for more efficient fiber solutions.

Belden has partnered with Cylus to enhance cybersecurity solutions for the rail industry. The collaboration integrates Belden’s next-generation firewall with CylusOne™ software, creating a robust platform for protecting onboard and wayside systems. This partnership addresses the growing risks of cyber threats as rail technologies become more automated and connected. The solution is designed for compliance with international rail safety standards and aims to provide scalable security controls for rail operators.