Belden Inc Stock Price, News & Analysis

Belden Inc. (NYSE: BDC) has announced an integration of its CloudRail software with AWS IoT SiteWise, streamlining the connection of industrial assets to Amazon Web Services cloud. This collaboration combines AWS' data services with CloudRail's protocol management software, offering a complete data solution for both brownfield and greenfield data acquisition.

Key benefits include accelerated time-to-value, simplified edge-to-cloud data flow, scalable device management, and broad asset support. The integration allows customers to connect industrial assets and sensors to AWS cloud using CloudRail's capabilities, which streamline data discovery, acquisition, and normalization from industrial environments.

The setup process is simplified, with users able to add CloudRail as a data source for their IoT SiteWise Edge gateway via the AWS Console. This integration is now available to customers, marking the latest collaboration between Belden and AWS.

Belden Inc. (NYSE: BDC) has introduced new products designed for secure, high-quality performance in critical applications. These include:

• LSZH Cca-Rated OSDP Cables for reliable security and access control systems
• NewGen Multi-Conductor & Pair LSZH Cables with enhanced flame ratings
• EN/IEC-Rated Classics/Electronics Cables with LSZH jackets for fire resistance
• PROVIZE Suite with new features for network planning and configuration
• Hirschmann EAGLE40-4F Industrial Firewalls for advanced cybersecurity
• ProSoft Technology FOUNDATION Fieldbus FF Links for connecting FF H1 devices to EtherNet/IP controllers

These products aim to promote safety and security while maintaining mission-critical performance across various industries.

Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure and digitization solutions, has announced its 2024 Investor Day. The event is scheduled for September 12th at 10am ET and will be held at Belden's Customer Innovation Center in Chicago. Ashish Chand, President and CEO of Belden, along with other senior leadership team members, will give presentations and participate in a Q&A session.

While in-person attendance is by invitation only, the event will be webcast live for all interested parties. Viewers can access the webcast and slide presentations from Belden's Investor Relations website at investor.belden.com. A replay of the webcast and related materials will be available on the company's website after the event. For any questions about the Investor Day, interested parties can contact Investor Relations at Investor.Relations@Belden.com.

Belden (NYSE: BDC) has announced a quarterly dividend declaration by its Board of Directors. Shareholders of record as of September 12, 2024, will receive a dividend of $0.05 per share of common stock. The payment is scheduled for October 8, 2024. This dividend declaration demonstrates Belden's commitment to providing regular returns to its shareholders, although the amount remains modest at $0.05 per share.

Belden (NYSE: BDC) reported Q2 2024 results, with revenues of $604 million, down 13% y/y. GAAP EPS was $1.19, down 26%, and adjusted EPS was $1.51, down 21%. The company completed the acquisition of Precision Optical Technologies, Inc. Net income for Q2 was $49 million, a decrease from $69 million y/y. Adjusted EBITDA was $99 million, down 19% y/y, with an adjusted EBITDA margin of 16.5%.

For Q3 2024, Belden projects revenues between $635-$650 million, GAAP EPS of $1.00-$1.10, and adjusted EPS of $1.55-$1.65. The company sees steady demand and modest revenue growth sequentially. Net income as a percentage of revenues was 8.1%, down from 9.9% y/y. The decline in revenue and EPS was attributed to lower market demand and ongoing inventory adjustments by customers.

Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure solutions, hosted Dr. Heather Boushey, a member of the White House Council of Economic Advisers, at its PPC Broadband facility in East Syracuse, NY on July 29, 2024. The visit showcased Belden's significant capital investments in Made in America initiatives, aligning with the 2021 Infrastructure Investment and Jobs Act's $42 billion Broadband Equity, Access, and Deployment (BEAD) Program.

Dr. Boushey toured the facility's new production lines and discussed technology, R&D, and job training with Belden partners. The company's investments aim to provide American-made fiber optic cabling and network solutions, supporting the Biden Administration's commitment to expanding affordable, high-speed internet access and fostering economic growth.

Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure solutions, has announced that it will report its fiscal second quarter 2024 results on Thursday, August 1, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors can access the live webcast and presentation materials through Belden's corporate website in the Investor Relations section. To participate in the live teleconference, investors can dial 1-888-882-4478 with confirmation code 1133069. A replay of the conference call will be available on the company's website for a time after the event.

Belden (NYSE: BDC) has announced the acquisition of Precision Optical Technologies. This strategic move aims to bolster Belden's position in the optical transceiver market, enhancing its Enterprise Solutions and broadband market offerings. The integration of Precision Optical Technologies' products is expected to support the growing demand for upgraded networks and increased bandwidth. According to Dr. Chand, the acquisition will enhance Belden's passive optical network components and broaden their applications for MSOs, telcos, data centers, and enterprise customers. The transaction does not affect Belden's previously issued second quarter 2024 guidance.

Belden announced that its Stratus ztC Endurance computing platform won the inaugural Joseph C. Belden Innovation Award.

The platform delivers 99.99999% availability with intelligent, predictive fault tolerance.

The award was presented at the Joseph C. Belden Innovation Summit, honoring innovations in healthcare, manufacturing, and telecommunications.

Stratus' platform was recognized for its ability to run mission-critical applications without downtime or data loss, setting a new standard for compute reliability.

Other finalists were TECHMEDO and Voleatech GmbH.