Belden Inc Stock Price, News & Analysis

Belden (NYSE: BDC) has announced that its executive management team will attend the 2024 Wells Fargo Industrials Conference on June 11, 2024.

The company will also participate in a fireside chat at 2:30 p.m. Eastern Time.

Live webcasts and replays of the event will be available on Belden's Investor Relations website.

Belden (NYSE: BDC) has announced a quarterly dividend of $0.05 per share.

This dividend is payable on July 9, 2024, to shareholders who are recorded by June 13, 2024.

Belden (NYSE: BDC), a global leader in network infrastructure and digitization solutions, has announced a range of new products aimed at enhancing secure and reliable communications for critical applications. These new offerings include OSDP and fire alarm cables, Hirschmann IT railway radios and managed switches, Lumberg Automation connectors, and ProSoft routers.

The Hirschmann IT Dragonfly DAP847 Railway Wi-Fi 6 Radios provide reliable connectivity for train-to-ground communications, while the Hirschmann IT MAMMUTHUS Enterprise Managed Switches facilitate seamless IT/OT convergence at a competitive price. ProSoft Technology Modbus Routers support connectivity for field devices in industrial processes.

Belden's OSDP Cables meet enhanced European safety standards, and the new 5320UV and 5220UV fire alarm cables offer reliable and cost-effective solutions for critical applications. Additionally, Lumberg Automation M12 Rail Crimp Connectors are designed to withstand harsh environments and allow for custom cable lengths onsite.

Infinant Health, a company focused on gut microbiome advancements to support immune system development, has announced the addition of three distinguished experts to its advisory team and board. Dr. Katharine Knobil and Dr. David Pompliano, both with extensive pharmaceutical and clinical trial experience, join as advisors. Judy Gawlik Brown, representing Manna Tree Partners, joins the board to aid in the company's pharma expansion. This move aligns with Infinant Health's recent submission for Orphan Drug Designation (ODD) for their product INF108, targeting necrotizing enterocolitis (NEC) in premature infants. CEO Mike Johnson emphasized that these appointments strengthen the company's commitment to pioneering microbiome-based therapeutics. Dr. Knobil and Dr. Pompliano bring significant expertise in regulatory approvals and drug discovery, while Ms. Brown adds valuable insights from her executive roles at Amgen and Perrigo.

Belden has inaugurated a new Fiber Technology Center in Tucson, AZ, reinforcing its leadership in optical fiber technology. This 300,000 sq. ft. facility will serve as a multifunctional hub for innovation in fiber optic cable and connectivity, housing research, development, manufacturing, and distribution. Strategically located near logistics hubs and the University of Arizona, the center aims to enhance Belden's supply chain and increase U.S.-based optical fiber production. The opening underscores Belden's commitment to meeting the growing demand for high-bandwidth fiber solutions, promising faster product delivery and new career opportunities for engineers.

Belden (NYSE: BDC), a global supplier of network infrastructure and digitization solutions, announced three finalists for the Joseph C. Belden Innovation Award. The finalists—Stratus, TECHMEDO, and Voleatech GmbH—were chosen based on innovation, business value, and ESG impact. Stratus presented the Stratus ztC Endurance™ computing platform, ensuring 99.99999% availability for critical applications. TECHMEDO introduced the TECHMEDO HOS, improving healthcare for rural communities through advanced algorithms. Voleatech GmbH submitted the VT AIR OT Firewall Software, enhancing OT network security. The winner will be announced in June.

Belden Inc. (NYSE: BDC) reported fiscal first quarter results with revenues of $536 million, down 17% y/y, GAAP EPS of $0.90, down 38% y/y, and adjusted EPS of $1.24, down 26% y/y. The company entered into an agreement to acquire Precision Optical Technologies, Inc. for $290 million in cash.

Belden (NYSE: BDC) has launched new network and data capabilities for the discrete manufacturing sector through its platform Belden Horizon, aiming to improve production uptime, real-time analytics, and data interoperability. These capabilities help manufacturers advance their digitization journeys, increase efficiency, and revenue by collecting and analyzing high-value data from connected operational technology devices. Belden's solutions focus on network resilience, edge computing, and data interoperability, addressing common pain points in discrete manufacturing to minimize downtime, pursue real-time analytics, and overcome data silos.

Belden Inc. (NYSE: BDC) welcomed a U.S. Congressional Delegation to its manufacturing facility in Nogales, Mexico to showcase its fiber optic production capabilities. The tour emphasized significant investments in production capacity and highlighted the importance of the binational relationship between Mexico and the United States.