Belden Inc. supplies complete connection and specialty networking solutions through businesses focused on smart infrastructure and automation. Its updates commonly cover network infrastructure, broadband, data center, industrial and IT/OT applications, including copper and fiber connectivity, racks and cabinets, cybersecurity products, digital I/O modules and automation technologies.
Belden news also includes quarterly operating results, dividend declarations, capital-structure developments, product launches, customer and partner announcements, and company innovation programs. The company serves markets such as data centers, government, healthcare, broadband and wireless service providers, warehousing and logistics, energy, transportation and discrete manufacturing.
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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.
The Board of Directors of Belden (NYSE: BDC) has declared a quarterly dividend of $0.05 per share. This dividend will be payable on April 6, 2023, to shareholders of record as of March 14, 2023. Belden has a legacy of over 120 years, focusing on making digital journeys simpler and more secure through innovative solutions and a performance-driven portfolio. The company operates globally, with manufacturing capabilities across North America, Europe, Asia, and Africa.
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.