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 (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.
Belden (NYSE: BDC) has announced the expansion of its Lumberg Automation LioN family to enhance IIoT connectivity in industrial automation. The new LioN-X IO-Link Masters promise faster and more secure data transmission in automated environments, ready for IO-Link V1.1.3 specifications. With options like LioN-X for performance and LioN-Xlight for cost-efficiency, the solutions support protocol communication and quick data transfer. Belden emphasizes these products are crucial for manufacturers transitioning to Industry 4.0, ensuring high security and durability in demanding industries.
Belden experienced a cyberattack detected on November 12, 2020, potentially exposing personal information of current and former employees, including health-related data. An ongoing investigation has confirmed unauthorized access was contained, and law enforcement has been notified. Notification letters are being sent to affected individuals, offering identity monitoring services to mitigate risks. Belden continues to enhance security measures and monitor for suspicious activity on its systems. Founded in 1902, Belden specializes in mission-critical network infrastructure products.
Belden (NYSE: BDC) announces that Executive Chairman John Stoup will retire in May after the shareholders' annual meeting. Stoup, who served as CEO from 2005 to 2020, has been praised for his leadership and contributions to the company's growth and industry positioning. Roel Vestjens, the current CEO, expressed gratitude for Stoup's mentorship, while Lead Independent Director David Aldrich recognized Stoup's significant impact during his tenure. The transition is expected to maintain Belden's success and long-term value creation.
The Board of Directors of Belden declared a quarterly dividend of $0.05 per share, payable on April 7, 2021, to shareholders recorded as of March 12, 2021. Belden, founded in 1902 and based in St. Louis, offers a wide range of products for industrial and enterprise network infrastructure. Its focus lies on reliable data, audio, and video transmission solutions, aiding in the global transition to connected technologies. With a manufacturing presence in multiple regions, Belden remains a critical player in the evolving digital landscape.
Belden Inc (NYSE: BDC) has launched a new Fiber Same-Day Shipping service aimed at enhancing product availability for installers and low-voltage system integrators. This service is designed to address the challenges posed by COVID-19-related supply chain issues. Customers can select from over 64 fiber products, including cables and patch panels, with same-day processing for orders placed by 2 PM EST. This initiative seeks to expedite project timelines by ensuring that necessary fiber solutions are delivered quickly and efficiently, ultimately supporting faster cabling deployments.
Belden Inc. (NYSE: BDC) has been awarded the 2020 Technology & Engineering Emmy® for its pivotal role in standardizing SMPTE cables that transitioned the broadcast industry from analog to digital. This innovation enabled long-distance transmission of digital video while supplying power to cameras. The Emmy award recognizes Belden's substantial contributions to the television industry. Moreover, Belden continues to innovate with its latest 4K UHD Coax Cable, enhancing 12G-SDI transmission capabilities. The company is positioned to support the industry's shift to ultra-high definition broadcasting.
Belden Inc. (NYSE: BDC) announced its fourth quarter and full year 2020 results, reporting revenues of $498.5 million for Q4 and $1.863 billion for the year, down from $549.7 million and $2.131 billion in the prior-year periods. EPS rose to $0.35, up from $0.05, while adjusted EPS decreased to $0.90 from $1.20. The company achieved $15 million in quarterly savings from its SG&A cost reduction program. With an outlook for 2021, Belden expects revenues of $1.990 - $2.050 billion and GAAP EPS of $1.70 - $2.10. A CFO transition was also announced, with Jeremy Parks succeeding Henk Derksen.
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