Belden Inc. - BDC STOCK NEWS

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.

Belden (NYSE: BDC) has launched its first Customer Innovation Center (CIC) in Stuttgart, Germany, as part of a plan to establish five centers globally. This CIC aims to facilitate co-innovation between customers and Belden's engineers to enhance efficiency, security, and innovation. The center focuses on critical operational aspects such as safety and automation, helping clients overcome network challenges. The initiative will be overseen by Vinod Rana, with additional CICs slated for the USA, India, and China within the next 12-15 months. This strategic move aligns Belden with the advancements of Industry 4.0.

Belden (NYSE: BDC) will report its fiscal first-quarter results on May 5, 2021, prior to market opening. The report covers the period ending April 4, 2021. A conference call will be held at 8:30 a.m. ET, where management will discuss the Company's performance. Interested parties can listen live via the Internet at investor.belden.com or join by dialing 800-353-6461 with the confirmation code 6951226. A replay will be available on the investor relations website for a limited time.

Belden Inc. (NYSE: BDC) has announced a significant investment aimed at enhancing its data center solutions. The first phase focuses on adding sales and technical service resources and launching a Mobile Collaboration Center. New product introductions and improvements in production capacities are also part of this initiative. Belden aims to meet diverse data center needs, particularly in colocation and enterprise markets, with solutions that streamline signal transmission and maintain high quality across various data center types.