Welcome to our dedicated page for Belden news (Ticker: BDC), a resource for investors and traders seeking the latest updates and insights on Belden stock.
Belden Inc. (NYSE: BDC) is a global supplier of specialty networking and complete connection solutions, with a history of more than 120 years and headquarters in St. Louis. The Belden news feed on Stock Titan aggregates company announcements, press releases and regulatory updates so readers can follow how the business is evolving across automation, smart infrastructure and critical networking markets.
Recent Belden news has covered a range of topics, including private offerings of senior subordinated notes, the planned redemption of existing notes, quarterly dividend declarations and quarterly financial results. These items give investors insight into Belden’s capital structure, liquidity management and approach to returning capital through dividends and share repurchases.
Operational and technology-focused news highlights product launches and collaborations. Belden has announced new industrial networking and connectivity products such as industrial access points, industrial firewalls, Ethernet switches, specialty cables and automation cordsets aimed at enhancing performance, security and reliability in automation and smart infrastructure environments. The company has also reported on physical AI safety and quality systems developed with partners like Accenture and NVIDIA, and on its affiliation with the Chicago Quantum Exchange to explore quantum-safe networking.
Governance and leadership updates, such as board appointments and executive leadership changes, are also disclosed through Belden’s news releases. By reviewing this news stream, readers can track financial performance, capital markets activity, product innovation, strategic partnerships and governance developments that shape Belden’s role in industrial networking and connectivity.
Belden Inc. (NYSE: BDC) reported a robust fiscal second quarter 2021, with revenues of $602.0 million, a 41.7% increase from $424.8 million in the previous year. Net income surged to $44.0 million from $3.2 million, yielding an EPS of $0.97. Adjusted EBITDA rose 90.2% to $93.4 million. The company has raised its full-year revenue guidance to $2.318 - $2.348 billion, up from $2.130 - $2.180 billion, reflecting a strong demand across markets and effective strategic execution. CEO Roel Vestjens expressed optimism on order rates and ongoing growth initiatives.
Belden (NYSE: BDC) will announce its fiscal second quarter results for the period ending July 4, 2021, on August 4, 2021, before the market opens. A conference call will follow at 8:30 a.m. ET, where management will discuss the financial outcomes. Interested parties can listen live through the company's investor relations website or dial in at 800-353-6461 using the code 8744927. A replay will be available shortly after the call.
Belden specializes in networking solutions for industrial and enterprise sectors, focused on secure data transmission.
Belden Inc. (NYSE: BDC) announced the pricing of a private offering for €300 million in 3.375% senior subordinated notes due 2031, expected to close on July 28, 2021. Proceeds will be used to redeem 2.875% senior subordinated notes due 2025 by September 15, 2021. The notes are unregistered under U.S. securities laws and will be available for resale to qualified institutional buyers. This offering aims to strengthen Belden’s financial structure by reducing interest costs.
Belden Inc. (NYSE: BDC) has announced its intent to offer €300 million in senior subordinated notes due 2031, subject to market conditions. The proceeds will be used to redeem its 2.875% senior subordinated notes due 2025. The offering is targeted at eligible purchasers and will comply with the relevant securities laws. The Notes may not be offered or sold in the U.S. without registration or exemption. The announcement emphasizes Belden's commitment to improving its financial position and optimizing its capital structure.
Belden Inc. (NYSE: BDC) disclosed a sophisticated cyber-attack that may have compromised personal and health-related information of current and former employees, as well as related individuals. The incident was identified on November 12, 2020, prompting immediate actions, including activating their cybersecurity incident response plan and engaging forensic experts. While the investigation is ongoing, the company has assured stakeholders that unauthorized access has been contained. Notification letters have been sent to affected individuals, offering identity monitoring services to mitigate potential impacts.
Belden Inc. (NYSE: BDC) announced its new product launches for Q2 2021, enhancing its specialty networking solutions. Key offerings include DataTuff armored Ethernet cables suited for rugged industries and LioN-X IO-Link Masters for automated data transmission. New connectivity options like ECX Pre-Terminated Cassettes and BOBCAT Switches with copper port options are also introduced. With a focus on high density, fast installation, and data safety, Belden aims to support evolving market demands effectively.
The Board of Directors of Belden (NYSE: BDC) announced a quarterly dividend of $0.05 per share, payable on July 7, 2021, to shareholders of record as of June 17, 2021. This dividend reflects the company's commitment to returning value to its investors amidst its mission to support critical network infrastructure in industrial and enterprise markets. Belden continues to innovate in data transmission solutions, positioning itself at the forefront of the global connectivity transformation.
Belden reported strong fiscal Q1 2021 results, with revenues up 15.7% to $536.4 million and net income increasing from $14.9 million to $28.7 million.
EPS grew to $0.64 from $0.33. Adjusted EBITDA rose 31.7% to $80.1 million, reflecting improved demand trends.
Full year revenue guidance raised to $2.130 - $2.180 billion from $1.990 - $2.050 billion. Q2 revenue expected at $535 - $550 million.
Belden (NYSE: BDC) has launched its first Customer Innovation Center (CIC) in Stuttgart, Germany, as part of a plan to establish five centers globally. This CIC aims to facilitate co-innovation between customers and Belden's engineers to enhance efficiency, security, and innovation. The center focuses on critical operational aspects such as safety and automation, helping clients overcome network challenges. The initiative will be overseen by Vinod Rana, with additional CICs slated for the USA, India, and China within the next 12-15 months. This strategic move aligns Belden with the advancements of Industry 4.0.
Belden (NYSE: BDC) will report its fiscal first-quarter results on May 5, 2021, prior to market opening. The report covers the period ending April 4, 2021. A conference call will be held at 8:30 a.m. ET, where management will discuss the Company's performance. Interested parties can listen live via the Internet at investor.belden.com or join by dialing 800-353-6461 with the confirmation code 6951226. A replay will be available on the investor relations website for a limited time.