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.
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.
Belden Inc. (NYSE: BDC) has declared a quarterly dividend of $0.05 per share, payable on July 7, 2022. Shareholders on record as of June 16, 2022 will receive this dividend. The company specializes in mission-critical network infrastructure solutions, catering to the growing demand for reliable data transmission in industrial and enterprise markets. Founded in 1902 and headquartered in location value="LU/us.mo.stluis"St. Louis, Belden operates manufacturing facilities across location value="LB/nam"North America, location value="LR/eur"Europe, location value="LR/asp"Asia, and location value="LR/afr"Africa.
Belden Inc. (NYSE: BDC) has announced six product launches for Q2 2022, enhancing its specialty networking solutions. Key offerings include Hirschmann BXS Gigabit Switches for efficient connectivity and Hirschmann GREYHOUND Ethernet Switches for robust performance. Additionally, Lumberg Automation introduces LioN-X® IO-Link Masters for better PLC integration. Notably, Belden's Digital Electricity™ Class 4 Cables received UL certification, enabling safe power transmission over long distances. The OSP Dry Loose Tube Cables boast a significantly reduced lead time, enhancing project efficiency.
Belden Inc. (NYSE: BDC) has received accolades as one of the Best Employers in the Baden-Wurttemberg region and for Manufacturing & Industry 2022 from Great Place to Work®. This recognition, based on employee surveys, highlights Belden's commitment to a culture of trust, cooperation, and employee satisfaction. Leah Tate, EVP of HR, emphasized the importance of a welcoming workplace, and Mirjam Bosshard affirmed the whole team's role in achieving this honor.
Belden Inc. (NYSE: BDC) will host its Investor Day on June 15, 2022, from 10:00 am to 1:30 pm Eastern Time at the New York Stock Exchange. CEO Roel Vestjens and CFO Jeremy Parks will present updates on the company's strategy to increase shareholder value. A Q&A session will follow. The event requires registration by June 8, 2022, and a live webcast will be available for those who cannot attend in person.
For more details, visit Belden’s Investor Relations page.
Belden Inc. (NYSE: BDC) announces that its Singapore and Hong Kong offices have secured Great Place to Work Certification, marking the fifth and sixth locations to achieve this in recent months. The recognition stems from a survey involving nearly 37,000 employees, reflecting Belden's commitment to fostering a culture of belonging and empowerment. Over 86% of employees in Singapore and more than 89% in Hong Kong reported high satisfaction levels, indicating a positive workplace environment. The company continues to prioritize employee engagement and diversity through its 'Belong. Believe. Be You.' initiative.
Belden Inc. (NYSE: BDC) reported strong financial results for Q1 2022, with revenues of $610.4 million, up 20% from $508.7 million YoY. Net income rose to $44.1 million, yielding an EPS of $0.97, compared to $0.64 last year. Adjusted EBITDA increased 30% to $99.5 million, reflecting a margin of 16.3%. The company divested Tripwire for $350 million and made several strategic acquisitions totaling $85 million. Full-year revenue guidance has been raised to $2.480 - $2.530 billion, with adjusted EPS expectations set at $5.55 - $5.85, demonstrating a projected growth of 17% to 23%.