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.
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.
Belden Inc. (NYSE: BDC) has announced a significant investment aimed at enhancing its data center solutions. The first phase focuses on adding sales and technical service resources and launching a Mobile Collaboration Center. New product introductions and improvements in production capacities are also part of this initiative. Belden aims to meet diverse data center needs, particularly in colocation and enterprise markets, with solutions that streamline signal transmission and maintain high quality across various data center types.
Belden (NYSE: BDC) has announced the expansion of its Lumberg Automation LioN family to enhance IIoT connectivity in industrial automation. The new LioN-X IO-Link Masters promise faster and more secure data transmission in automated environments, ready for IO-Link V1.1.3 specifications. With options like LioN-X for performance and LioN-Xlight for cost-efficiency, the solutions support protocol communication and quick data transfer. Belden emphasizes these products are crucial for manufacturers transitioning to Industry 4.0, ensuring high security and durability in demanding industries.
Belden experienced a cyberattack detected on November 12, 2020, potentially exposing personal information of current and former employees, including health-related data. An ongoing investigation has confirmed unauthorized access was contained, and law enforcement has been notified. Notification letters are being sent to affected individuals, offering identity monitoring services to mitigate risks. Belden continues to enhance security measures and monitor for suspicious activity on its systems. Founded in 1902, Belden specializes in mission-critical network infrastructure products.
Belden (NYSE: BDC) announces that Executive Chairman John Stoup will retire in May after the shareholders' annual meeting. Stoup, who served as CEO from 2005 to 2020, has been praised for his leadership and contributions to the company's growth and industry positioning. Roel Vestjens, the current CEO, expressed gratitude for Stoup's mentorship, while Lead Independent Director David Aldrich recognized Stoup's significant impact during his tenure. The transition is expected to maintain Belden's success and long-term value creation.