Belden Inc Stock Price, News & Analysis

Belden has launched the Hirschmann OpEdge-8D device, enhancing IIoT connectivity within industrial networks. This device addresses the need for secure and efficient operational data management, facilitating integration between operational and information systems. Key features include application deployment at the network edge, simplified deployment across devices, and secure remote access to the cloud, improving operational efficiency and enabling predictive maintenance. The OpEdge-8D is designed for diverse industrial applications, particularly in manufacturing, energy, and transportation sectors.

The Board of Directors of Belden Inc. (NYSE: BDC) has declared a quarterly dividend of $0.05 per share. This dividend is payable on October 6, 2022, to shareholders on record as of September 15, 2022. Belden continues to enhance its digital infrastructure offerings, emphasizing a commitment to quality and reliability.

Belden Inc. (NYSE: BDC) reported fiscal Q2 2022 results showing revenues of $667 million, a 16% increase from $576 million in Q2 2021. Net income rose to $59 million with EPS at $1.31, up from $1.00 a year prior. Adjusted EBITDA reached $111 million, a 19% increase. The company raised its 2022 revenue guidance to $2.520 - $2.550 billion, reflecting a 12% to 13% organic growth. Despite anticipating a slight revenue dip in Q3 due to currency fluctuations, Belden remains positive about ongoing strategic initiatives and aims for $8 adjusted EPS by 2025.

Hayward Holdings has appointed Kevin Maczka as the new Vice President of Investor Relations, bringing over a decade of experience in public company finance. Based in Charlotte, N.C., Maczka will oversee investor relations and advise leadership on shareholder matters. Previously, he held similar roles at Belden and BB&T Capital Markets. Maczka aims to strengthen Hayward's reputation among investors, leveraging his extensive knowledge of equity markets.

Belden Inc. (NYSE: BDC) will announce its fiscal second quarter results for the period ending July 3, 2022, before trading on August 3, 2022. Management will discuss the results in a conference call at 8:30 a.m. Eastern Time. The audio of the call can be accessed live on the Company’s website. Participants can join the call using the dial-in number 888-394-8218, with confirmation code 1022870. A replay will be available for a limited time. Belden specializes in networking solutions for industrial and enterprise markets, enabling secure data transmission.

PPC Broadband, a Belden brand, has inaugurated a new design and manufacturing facility in Kochi, India, on June 10, 2022. The 70,000 square-foot plant aims to enhance customer experience and support advanced testing and production for broadband and 5G products.

With over 350 employees, the facility is set to achieve TL9000 2016 Certification in October 2022, qualifying its products for major FTTH and wireless providers.

Belden's leadership emphasizes the facility's role in transforming connectivity infrastructure globally.

Belden Inc. is set to launch Belden Horizon, an innovative industrial edge solution, in July. Building on the former ProSoft Connect platform, Belden Horizon will offer enhanced secure remote access, edge orchestration, and data monitoring capabilities. This new platform aims to improve operational efficiency in industrial environments, allowing easier management of edge devices while maintaining robust security. Key features include Virtual Lockout-Tagout technology and rugged design, catering to the harsh requirements of industrial settings, further positioning Belden in the evolving IIoT market.

Belden Inc. (NYSE: BDC) is hosting its Investor Day today from 10:00 am to 1:30 pm ET at the New York Stock Exchange. A live webcast is also available. During the event, CEO Roel Vestjens and CFO Jeremy Parks will outline the company's strategy to enhance shareholder value and unveil new long-term financial targets. Belden reiterates its Q2 2022 revenue guidance of $625 - $640 million and annual revenue expectation of $2.480 - $2.530 billion. Expected Q2 GAAP EPS is $0.98 - $1.08, with adjusted EPS at $1.35 - $1.45.

Belden Inc. (NYSE: BDC) has released its first-ever environmental, social, and governance (ESG) data, offering insights into its performance from 2019 to 2021. This tearsheet establishes a baseline for Belden's 2025 ESG goals following a 2021 materiality assessment that prioritized issues of significance to the company and its stakeholders. Key areas include emissions, energy management, diversity, and ethical practices. Belden aims to enhance its commitment to sustainable operations through these initiatives.