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Belden Inc. - BDC STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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.

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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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Belden announced that its Stratus ztC Endurance computing platform won the inaugural Joseph C. Belden Innovation Award.

The platform delivers 99.99999% availability with intelligent, predictive fault tolerance.

The award was presented at the Joseph C. Belden Innovation Summit, honoring innovations in healthcare, manufacturing, and telecommunications.

Stratus' platform was recognized for its ability to run mission-critical applications without downtime or data loss, setting a new standard for compute reliability.

Other finalists were TECHMEDO and Voleatech GmbH.

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Belden (NYSE: BDC), a global leader in network infrastructure, has unveiled its DuetConnect Hybrid Termination Box, designed to streamline the termination of fiber and copper cables while protecting against damage. This innovative product separates copper and fiber to prevent exposure risks and offers multiple entry points for flexible installation. Each module supports up to four fibers and four copper conductors, and network managers can stack up to three boxes for increased density. The DuetConnect box aims to address the growing demand for reliable connectivity in locations where local power isn't always accessible, enhancing the efficiency and safety of hybrid cable deployments.

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Belden (NYSE: BDC) has announced that its executive management team will attend the 2024 Wells Fargo Industrials Conference on June 11, 2024.

The company will also participate in a fireside chat at 2:30 p.m. Eastern Time.

Live webcasts and replays of the event will be available on Belden's Investor Relations website.

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Belden (NYSE: BDC) has announced a quarterly dividend of $0.05 per share.

This dividend is payable on July 9, 2024, to shareholders who are recorded by June 13, 2024.

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FAQ

What is the current stock price of Belden (BDC)?

The current stock price of Belden (BDC) is $123.52 as of November 22, 2024.

What is the market cap of Belden (BDC)?

The market cap of Belden (BDC) is approximately 4.9B.

What does Belden Inc. specialize in?

Belden Inc. specializes in high-quality, end-to-end signal transmission solutions for industrial, enterprise, and broadcast markets.

What are the main segments of Belden Inc.?

Belden Inc. operates in two main segments: Enterprise Solutions and Industrial Solutions.

Who are Belden Inc.'s primary customers?

Belden Inc.'s primary customers include distributors, end-users, installers, and original equipment manufacturers.

Which regions does Belden Inc. operate in?

Belden Inc. operates in the Americas, EMEA (Europe, Middle East, and Africa), and APAC (Asia-Pacific) regions.

Where does Belden Inc. generate the most revenue?

Belden Inc. generates the most revenue from the Americas region.

What are some recent achievements of Belden Inc.?

Recent achievements of Belden Inc. include advancements in network security and the introduction of new, cutting-edge products.

What products does the Enterprise Solutions segment offer?

The Enterprise Solutions segment offers network infrastructure and cabling and connectivity solutions for commercial audio/video and security applications.

What does the Industrial Solutions segment provide?

The Industrial Solutions segment provides high-performance networking components and machine connectivity products.

Why is Belden Inc. considered a leader in its field?

Belden Inc. is considered a leader due to its commitment to quality, innovative solutions, and comprehensive product portfolio that meets mission-critical network infrastructure needs.

How does Belden Inc. contribute to the global transformation to a connected world?

Belden Inc. contributes by offering reliable and secure transmission solutions for data, audio, and video, essential for today's connected applications.

Belden Inc.

NYSE:BDC

BDC Rankings

BDC Stock Data

4.94B
39.78M
1.26%
105.3%
2.38%
Communication Equipment
Drawing & Insulating of Nonferrous Wire
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