Belden Inc Stock Price, News & Analysis

Belden Inc. (NYSE: BDC) has announced the release of its first environmental, social, and governance (ESG) report, showcasing significant advancements towards its 2025 ESG goals, initially set in April 2022. The report indicates that many initiatives, including unconscious bias training and participation in wellness programs, are ahead of schedule, while others like waste diversion and greenhouse gas emissions are on track.

Belden emphasized its commitment to responsible business practices, citing partnerships like the UN Global Compact and the CEO Action for Diversity and Inclusion. The leadership highlighted the importance of ESG as integral to the company’s strategy and its positive impact on communities.

Belden Inc. (NYSE: BDC) will report its fiscal first quarter results for the period ending April 2, 2023 before the market opens on Wednesday, May 3, 2023. A conference call is scheduled for 8:30 a.m. Eastern Time to discuss the results. Interested parties can access a live webcast on the company's Investor Relations website. To participate in the call, dial 1-888-224-1121 with confirmation code 6100414. A replay will be available post-call. Belden, headquartered in St. Louis, has over 120 years of experience and provides network infrastructure solutions globally. For more information, visit www.belden.com.

Belden Inc. (NYSE: BDC) has opened its third Customer Innovation Center (CIC) in Shanghai, China, as part of a plan to establish five centers globally. The Shanghai CIC aims to enhance Belden’s digitization solutions and support the increasing infrastructure demands in the Asia-Pacific region.

During its launch, attendees explored validated use cases that address challenges in various sectors, including healthcare and data centers. The CIC enables direct collaboration with customers to develop and test solutions tailored to specific regional needs.

Belden plans to open two more CICs in Chicago, Illinois and Bangalore, India later this year, further expanding its global reach and innovation capabilities.

Belden Inc. (NYSE: BDC) has appointed Vivie “YY” Lee as a Director and member of the Audit Committee. With over 30 years in the software industry, Ms. Lee's background includes her recent role as Chief Strategy Officer at Anaplan and former CEO of FirstRain, Inc. She has held leadership positions at Cadence Design Systems and AT&T Bell Laboratories. CEO Ashish Chand expressed enthusiasm for Ms. Lee's extensive executive experience, predicting significant value for Belden. The company, headquartered in St. Louis, specializes in specialty networking solutions with a legacy of over 120 years.

Belden has joined the Safer Buildings Coalition, a nonprofit focused on eliminating in-building wireless dead zones to enhance safety for first responders and citizens.

This collaboration aims to ensure reliable communication during emergencies, addressing a critical concern as a survey revealed that 98.5% of first responders encounter dead spots while responding to calls.

Belden emphasizes its commitment to safety by aligning its in-building wireless solutions with the latest codes and standards. The company has a strong legacy of over 120 years in the industry, headquartered in St. Louis, with manufacturing capabilities globally.

Belden has launched its Fault-Managed Power System (FMPS) Hybrid Cables, certified for Class 4 circuits, which enhance power delivery capabilities. These cables offer safety comparable to Class 2 systems while transmitting nearly 20 times the power across longer distances. The certification aligns with the 2023 National Electrical Code (NEC), allowing for simplified installations. Belden’s FMPS cables feature a copper/fiber design, facilitating both power and data transmission in one run. UL has published standards for Class 4, marking a significant milestone in power delivery technology.

Belden Inc. (NYSE: BDC) has appointed Brian Lieser as EVP of Industrial Automation Solutions, succeeding Dr. Ashish Chand, who became President and CEO. Lieser, part of Belden for over a decade, has a strong track record in leading product strategies and operational excellence. His previous roles included VP of Global Products of Industrial Automation Solutions. Lieser aims to accelerate innovation and expand the product portfolio to enhance customer value. Chand expressed full confidence in Lieser's leadership as the company aims for significant growth in the Industrial Automation market.

Belden Inc. (NYSE: BDC) has appointed Ashish Chand as President and CEO, effective immediately, following the resignation of Roel Vestjens. Vestjens stepped down for personal reasons, with no impact on the company's performance. Chand, who has been with Belden since 2002, aims to build on the company's strong results and confirmed guidance for Q1 and full-year 2023, with GAAP EPS expectations between $5.73 and $6.13. He also projects adjusted EPS of $8.00 or more by 2025. Chand’s experience includes leadership in Industrial Automation Solutions and significant contributions in Asia.