Welcome to our dedicated page for Belden news (Ticker: BDC), a resource for investors and traders seeking the latest updates and insights on Belden stock.
Belden Inc. (BDC) is a globally recognized leader in high-quality, end-to-end signal transmission solutions. The company offers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise, and broadcast markets. With a focus on the reliable and secure transmission of data, audio, and video, Belden is at the forefront of the global transformation to a connected world.
Belden Inc. operates in two distinct segments: Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment specializes in network infrastructure and cabling and connectivity solutions for commercial audio/video and security applications. Meanwhile, the Industrial Solutions segment provides high-performance networking components and machine connectivity products, catering to the rigorous demands of industrial environments.
The company serves a diverse clientele, including distributors, end-users, installers, and original equipment manufacturers. Belden's extensive presence spans across the Americas, EMEA (Europe, Middle East, and Africa), and APAC (Asia-Pacific) regions, with the majority of its revenue generated from the Americas.
Belden continues to innovate and expand its offerings to accommodate the rapidly growing demand for data transmission solutions. Recent achievements include advancements in network security and the introduction of new, cutting-edge products designed to enhance connectivity and performance. The company's commitment to quality and innovation ensures that it remains a key player in the global signal transmission industry.
Stay updated with the latest developments from Belden Inc. as it leads the way in creating connected, efficient, and secure network environments.
Belden Inc. (NYSE: BDC) has launched its new OptiTuff Mini Fiber Cable solution, setting a new standard in the cable industry. This innovative cable is up to 90% lighter and 70% smaller in diameter than traditional metal armored cables. Designed for flexibility, it can withstand significant stress, including a 9,000-pound forklift and a 31-pound data center tile drop. The cable features all-dielectric armor offering enhanced durability without the need for grounding, promoting cost-effectiveness and simplified installation for applications in data centers and telecommunications.
The Board of Directors of Belden declared a quarterly dividend of $0.05 per share, payable on October 6, 2021, to shareholders of record as of September 15, 2021. This decision underscores the company's commitment to returning value to its shareholders while continuing to support its product portfolio aimed at mission-critical network infrastructure needs.
Belden Inc. (NYSE: BDC) reported a robust fiscal second quarter 2021, with revenues of $602.0 million, a 41.7% increase from $424.8 million in the previous year. Net income surged to $44.0 million from $3.2 million, yielding an EPS of $0.97. Adjusted EBITDA rose 90.2% to $93.4 million. The company has raised its full-year revenue guidance to $2.318 - $2.348 billion, up from $2.130 - $2.180 billion, reflecting a strong demand across markets and effective strategic execution. CEO Roel Vestjens expressed optimism on order rates and ongoing growth initiatives.
Belden (NYSE: BDC) will announce its fiscal second quarter results for the period ending July 4, 2021, on August 4, 2021, before the market opens. A conference call will follow at 8:30 a.m. ET, where management will discuss the financial outcomes. Interested parties can listen live through the company's investor relations website or dial in at 800-353-6461 using the code 8744927. A replay will be available shortly after the call.
Belden specializes in networking solutions for industrial and enterprise sectors, focused on secure data transmission.
Belden Inc. (NYSE: BDC) announced the pricing of a private offering for €300 million in 3.375% senior subordinated notes due 2031, expected to close on July 28, 2021. Proceeds will be used to redeem 2.875% senior subordinated notes due 2025 by September 15, 2021. The notes are unregistered under U.S. securities laws and will be available for resale to qualified institutional buyers. This offering aims to strengthen Belden’s financial structure by reducing interest costs.
Belden Inc. (NYSE: BDC) has announced its intent to offer €300 million in senior subordinated notes due 2031, subject to market conditions. The proceeds will be used to redeem its 2.875% senior subordinated notes due 2025. The offering is targeted at eligible purchasers and will comply with the relevant securities laws. The Notes may not be offered or sold in the U.S. without registration or exemption. The announcement emphasizes Belden's commitment to improving its financial position and optimizing its capital structure.
Belden Inc. (NYSE: BDC) disclosed a sophisticated cyber-attack that may have compromised personal and health-related information of current and former employees, as well as related individuals. The incident was identified on November 12, 2020, prompting immediate actions, including activating their cybersecurity incident response plan and engaging forensic experts. While the investigation is ongoing, the company has assured stakeholders that unauthorized access has been contained. Notification letters have been sent to affected individuals, offering identity monitoring services to mitigate potential impacts.
Belden Inc. (NYSE: BDC) announced its new product launches for Q2 2021, enhancing its specialty networking solutions. Key offerings include DataTuff armored Ethernet cables suited for rugged industries and LioN-X IO-Link Masters for automated data transmission. New connectivity options like ECX Pre-Terminated Cassettes and BOBCAT Switches with copper port options are also introduced. With a focus on high density, fast installation, and data safety, Belden aims to support evolving market demands effectively.
The Board of Directors of Belden (NYSE: BDC) announced a quarterly dividend of $0.05 per share, payable on July 7, 2021, to shareholders of record as of June 17, 2021. This dividend reflects the company's commitment to returning value to its investors amidst its mission to support critical network infrastructure in industrial and enterprise markets. Belden continues to innovate in data transmission solutions, positioning itself at the forefront of the global connectivity transformation.
Belden reported strong fiscal Q1 2021 results, with revenues up 15.7% to $536.4 million and net income increasing from $14.9 million to $28.7 million.
EPS grew to $0.64 from $0.33. Adjusted EBITDA rose 31.7% to $80.1 million, reflecting improved demand trends.
Full year revenue guidance raised to $2.130 - $2.180 billion from $1.990 - $2.050 billion. Q2 revenue expected at $535 - $550 million.
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