Belden Inc. - BDC STOCK NEWS

Belden Inc. (NYSE: BDC) reported Q4 2021 revenues of $638.9 million, up 28% YoY. However, the company faced a net loss of $51.6 million, primarily due to a $131.2 million impairment related to its Tripwire business. Adjusted EBITDA increased 37% to $101.3 million, with an adjusted EPS of $1.32, a 47% increase from the previous year. For full-year 2021, revenues reached $2.408 billion, growing 29% YoY, and adjusted EPS stood at $4.78. The company plans to divest Tripwire for $350 million, enhancing financial flexibility and enabling strategic growth initiatives moving forward.

Belden Inc. (BDC), a global leader in networking solutions, was recognized as one of the top five high-performing stocks in St. Louis. With a remarkable 57% stock growth in 2021, significantly surpassing the S&P 500's 27%, the company attributes its success to a strategic focus on transformation and comprehensive solutions. Belden has secured major projects, including connectivity for SoFi Stadium and World Cup venues in Qatar. The company anticipates continued organic growth, with a 24% increase reported in Q3, positioning it well for future performance.

Belden Inc. (NYSE: BDC) has appointed Gregory McCray as a Director and member of both the Finance Committee and the Nominating and Corporate Governance Committee, effective immediately. McCray brings over 30 years of experience in communications technology, having served as CEO for companies including Access/Google Fiber and Aero Communications. Roel Vestjens, President and CEO of Belden, expressed excitement about McCray's extensive leadership experience.

Belden Inc. (NYSE: BDC) will report its fiscal fourth quarter and full-year results for the period ending December 31, 2021, before trading on February 9, 2022. The management will provide insights during a conference call at 8:30 a.m. Eastern Time. Investors can listen live via the Internet or dial in at 888-220-8451 using confirmation code 3170682. A replay will be available on the company’s investor relations page. Belden specializes in networking solutions for industrial and enterprise markets and is headquartered in St. Louis.

Belden Inc. (NYSE: BDC) has achieved Great Place to Work® Certification for the second consecutive year at its Germany location, with 76% of employees affirming it as a great workplace. The company exceeded benchmarks in all five categories of the Trust Index survey. This certification reflects the organization's focus on employee satisfaction and high-performing culture. Belden Germany joins other certified locations, enhancing the company’s reputation in workplace culture globally.

Belden India has achieved Great Place to Work Certification for the third consecutive year, reflecting high employee trust and pride in its culture. The certification process involved rigorous assessments, including employee surveys and audits. This achievement underscores Belden India's strong growth, now employing over 500 individuals across its manufacturing and commercial offices in Pune, Kochi, Bangalore, Mumbai, and Gurgaon. The certification was notably attained during a pandemic, highlighting the team's commitment to employee engagement and wellbeing.

Belden Inc. (NYSE: BDC) announced its Cekan plant in Denmark has achieved Great Place to Work Certification, with 94% of employees rating it positively on the GPTW Trust index survey. Plant Director Frank Andersen emphasized a year-long commitment to fostering a supportive work environment. The certification results were based on a survey measuring credibility, respect, fairness, pride, and camaraderie within the organization. Belden aims to continuously improve employee empowerment and workplace satisfaction.

Belden Inc. (NYSE: BDC) and Gravity Media have successfully completed broadcast installation projects at four stadiums for the 2022 FIFA World Cup in Qatar. With this partnership, the companies designed, supplied, and installed advanced broadcast cabling systems, ensuring state-of-the-art technology for the event. This includes capabilities for over 50 camera positions at each venue. The projects contribute to the long-term functionality of the stadiums while enhancing the viewing experience for billions worldwide.

Belden Inc. (NYSE: BDC) announces new product launches in Q4 2021, focusing on enhancing safety, reliability, and flexibility for enterprise and industrial applications. Key offerings include DataTuff™ Fiber Optic Cables, Hybrid Copper-Fiber Cables, and RailTuff™ Fiber Optic Cables, designed for various industrial environments. Additionally, the Hirschmann Industrial HiVision Network Management Software and HiLCOS WLAN Software improve network management and security. These innovations support Belden's commitment to delivering reliable networking solutions essential for today's data-driven applications.