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 has launched new Lumberg Automation M12 Inner Push Pull Connectors conforming to IEC 61076-2-010 standard. These connectors offer a secure, fast-locking contacting method ideal for harsh environments, preventing accidental disconnects that cause downtime or safety hazards. Key benefits include:
- Secure contact without tools, even in tight spaces
- Up to 80% reduction in installation time
- Exceptional ingress protection and vibration resistance
Available in X-coded, D-coded, and A-coded variants, these connectors are suitable for various industrial and transportation applications, including railway rolling stock, harbors, intralogistics, and automation environments.
Belden Inc. (NYSE: BDC) hosted its 2024 Investor Day, unveiling its Solutions Transformation Strategy and long-term financial framework through 2028. The company aims for mid-single-digit annual revenue growth, 10% to 12% annual Adjusted EPS growth, and free cash flow margin approaching 10%. Belden announced a new $300 million share repurchase authorization, bringing the total to $415 million.
CEO Ashish Chand expressed confidence in achieving the $8.00 Adjusted EPS target for 2025, despite recent destocking headwinds. The company also renamed its segments to Automation Solutions and Smart Infrastructure Solutions, reflecting its focus on data infrastructure solutions.
Belden Inc. (NYSE: BDC) has announced an integration of its CloudRail software with AWS IoT SiteWise, streamlining the connection of industrial assets to Amazon Web Services cloud. This collaboration combines AWS' data services with CloudRail's protocol management software, offering a complete data solution for both brownfield and greenfield data acquisition.
Key benefits include accelerated time-to-value, simplified edge-to-cloud data flow, scalable device management, and broad asset support. The integration allows customers to connect industrial assets and sensors to AWS cloud using CloudRail's capabilities, which streamline data discovery, acquisition, and normalization from industrial environments.
The setup process is simplified, with users able to add CloudRail as a data source for their IoT SiteWise Edge gateway via the AWS Console. This integration is now available to customers, marking the latest collaboration between Belden and AWS.
Belden Inc. (NYSE: BDC) has introduced new products designed for secure, high-quality performance in critical applications. These include:
- LSZH Cca-Rated OSDP Cables for reliable security and access control systems
- NewGen Multi-Conductor & Pair LSZH Cables with enhanced flame ratings
- EN/IEC-Rated Classics/Electronics Cables with LSZH jackets for fire resistance
- PROVIZE Suite with new features for network planning and configuration
- Hirschmann EAGLE40-4F Industrial Firewalls for advanced cybersecurity
- ProSoft Technology FOUNDATION Fieldbus FF Links for connecting FF H1 devices to EtherNet/IP controllers
These products aim to promote safety and security while maintaining mission-critical performance across various industries.
Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure and digitization solutions, has announced its 2024 Investor Day. The event is scheduled for September 12th at 10am ET and will be held at Belden's Customer Innovation Center in Chicago. Ashish Chand, President and CEO of Belden, along with other senior leadership team members, will give presentations and participate in a Q&A session.
While in-person attendance is by invitation only, the event will be webcast live for all interested parties. Viewers can access the webcast and slide presentations from Belden's Investor Relations website at investor.belden.com. A replay of the webcast and related materials will be available on the company's website after the event. For any questions about the Investor Day, interested parties can contact Investor Relations at Investor.Relations@Belden.com.
Belden (NYSE: BDC) has announced a quarterly dividend declaration by its Board of Directors. Shareholders of record as of September 12, 2024, will receive a dividend of $0.05 per share of common stock. The payment is scheduled for October 8, 2024. This dividend declaration demonstrates Belden's commitment to providing regular returns to its shareholders, although the amount remains modest at $0.05 per share.
Belden (NYSE: BDC) reported Q2 2024 results, with revenues of $604 million, down 13% y/y. GAAP EPS was $1.19, down 26%, and adjusted EPS was $1.51, down 21%. The company completed the acquisition of Precision Optical Technologies, Inc. Net income for Q2 was $49 million, a decrease from $69 million y/y. Adjusted EBITDA was $99 million, down 19% y/y, with an adjusted EBITDA margin of 16.5%.
For Q3 2024, Belden projects revenues between $635-$650 million, GAAP EPS of $1.00-$1.10, and adjusted EPS of $1.55-$1.65. The company sees steady demand and modest revenue growth sequentially. Net income as a percentage of revenues was 8.1%, down from 9.9% y/y. The decline in revenue and EPS was attributed to lower market demand and ongoing inventory adjustments by customers.
Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure solutions, hosted Dr. Heather Boushey, a member of the White House Council of Economic Advisers, at its PPC Broadband facility in East Syracuse, NY on July 29, 2024. The visit showcased Belden's significant capital investments in Made in America initiatives, aligning with the 2021 Infrastructure Investment and Jobs Act's $42 billion Broadband Equity, Access, and Deployment (BEAD) Program.
Dr. Boushey toured the facility's new production lines and discussed technology, R&D, and job training with Belden partners. The company's investments aim to provide American-made fiber optic cabling and network solutions, supporting the Biden Administration's commitment to expanding affordable, high-speed internet access and fostering economic growth.
Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure solutions, has announced that it will report its fiscal second quarter 2024 results on Thursday, August 1, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors can access the live webcast and presentation materials through Belden's corporate website in the Investor Relations section. To participate in the live teleconference, investors can dial 1-888-882-4478 with confirmation code 1133069. A replay of the conference call will be available on the company's website for a time after the event.
Belden (NYSE: BDC) has announced the acquisition of Precision Optical Technologies. This strategic move aims to bolster Belden's position in the optical transceiver market, enhancing its Enterprise Solutions and broadband market offerings. The integration of Precision Optical Technologies' products is expected to support the growing demand for upgraded networks and increased bandwidth. According to Dr. Chand, the acquisition will enhance Belden's passive optical network components and broaden their applications for MSOs, telcos, data centers, and enterprise customers. The transaction does not affect Belden's previously issued second quarter 2024 guidance.
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