Belden Inc Stock Price, News & Analysis

Belden Inc., a top global supplier of network infrastructure solutions, has introduced two new products in Q1 2023: Custom Broadcast Panels and Enclosures and NewGen CPR-Rated Access Control Cables. These additions aim to enhance versatility, cost-effectiveness, and adaptability in data acquisition and transmission projects. The Custom Broadcast Panels offer customization for various media outputs, making them ideal for large venues. Meanwhile, the NewGen CPR-Rated Cables enhance safety with a high flame rating, complying with North American and European fire safety standards.

Belden has implemented a tailored solution for a 95-year-old manufacturing plant to eliminate production blind spots and gain OEE visibility, significantly enhancing operational efficiency. This initiative, part of Belden’s Customer Innovation Center, employs a three-step data engineering process to visualize workflows and collect OEE data. The plant has achieved double-digit productivity improvements and is projected to save at least half a million dollars annually. Belden plans to expand its Customer Innovation Centers in Chicago, Bangalore, and Shanghai this year, enhancing its global footprint in digital automation.

Belden Inc. (NYSE: BDC) reported robust fiscal 2022 results, achieving record revenues of $2.606 billion, up 13% year-over-year, alongside record EPS of $6.01, marking a 38% increase. In Q4 2022, revenues reached $659 million, an 8% rise from the previous year, with net income of $61 million. The company reported an adjusted EBITDA margin of 17.4%, up 90 bps from Q4 2021. For full-year 2023, Belden anticipates revenues between $2.670 billion and $2.720 billion, with organic growth of 3% to 5%. The company ended 2022 with a strong balance sheet, reducing net leverage to 1.0x, allowing for strategic investments in growth.

Altus Power, Inc. (NYSE: AMPS) has appointed Diane Brink to its Board of Directors, effective immediately. Brink will chair the Compensation Committee and serve on the Audit Committee. With over 35 years of experience at IBM, including her role as Chief Marketing Officer, Brink's expertise in digital transformation and customer experience is expected to enhance Altus' mission of creating a clean electrification ecosystem. She replaces Sharon Daley, who resigned on January 18, 2023, to pursue other opportunities. Brink will serve until the 2025 annual meeting, continuing Altus Power's commitment to solar facility development.

Belden Inc. (NYSE: BDC) is set to release its fiscal fourth-quarter results for the period ending December 31, 2022. The announcement will be made before trading begins on February 8, 2023.

Following the results, management will host a conference call at 8:30 a.m. Eastern Time, which will be accessible via a live webcast on the company's Investor Relations website. Participants can join the call by dialing 1-888-394-8218 with the confirmation code 2705002. A replay will be available shortly after the call concludes.

Belden specializes in network infrastructure solutions, boasting over 120 years of expertise.

Belden has launched its Single Pair Ethernet (SPE) portfolio designed for connectivity in industrial and transportation sectors. The SPE products include IP20-rated and IP65/IP67-rated options for various harsh environments. Key features include future-proof innovation, high-performance bandwidth support of up to 10Gbits/s, and rugged protection against extreme conditions. Particularly beneficial for Industry 4.0, these products enhance real-time communication and reduce operational costs. In transportation, they offer a 30% improvement in bending ratio, allowing for easier installation in tight spaces. They are also constructed with 55% less metal and plastic, improving sustainability.

Belden has launched its new DCX System, a high-density fiber infrastructure solution designed for data centers. This innovative system accommodates 3,840 terminations per cabinet and offers 1,280 terminated fibers per square foot. Key features include bend radius control for signal integrity, easy access through pull-out trays, and support for various fiber termination methods. The solution aims to effectively manage increasing fiber connections in diverse environments. Belden's legacy spans over 120 years, strengthening its capabilities in providing reliable network infrastructure.

Belden continues to excel in workplace culture recognition, recently achieving the Great Place to Work® certification for its U.K. operations. With 79% of employees affirming a positive work environment, the certification underscores the company's commitment to inclusivity and trust. High scores were recorded in the Great Place to Work Trust index, including 90% feeling welcome. This recognition reflects Belden's work culture, aiming to enhance employee experience and collaboration in a remote work environment.

Belden France Achieves Great Place to Work Certification

Belden, a global leader in networking solutions, has secured its eighth Great Place to Work (GPTW) certification for 2022 in its French operations. With 85% of team members expressing positive sentiments in the GPTW Trust Survey, the organization is on track to meet its employee experience goals. Senior VP Leah Tate emphasized the commitment to fostering a supportive workplace culture, while VP Aurélien Fabre noted significant team growth from 15 to 24 employees across three offices in Lyon, Toulouse, and Paris.