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), a leading global supplier of network infrastructure solutions, has announced it will report its fiscal third quarter 2024 results on Thursday, October 31, 2024, before trading begins. 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 at https://investor.belden.com. To participate in the live teleconference, dial 1-888-394-8218 with confirmation code 7788069. A replay of the conference call will be available on the company's website for a time.
Belden Inc. (NYSE: BDC) has introduced new LioN-Safety I/O Modules to enhance functional safety in highly automated industrial operations. These modules, part of the Lumberg Automation LioN family, streamline the transmission of safety and non-safety data over existing networks. Key features include:
1. Support for PROFIsafe protocol, with CIP Safety expected in Q4 2024
2. Easy integration into PLC engineering tools
3. Flexibility to connect safety and non-safety I/Os, and IO-Link signals
4. TÜV Rheinland-certification up to SIL 3, Cat 4, and PLe
5. Compact, ruggedized design for harsh environments
The modules are designed for industries such as automotive manufacturing, consumer packaged goods, machine building, metals, and logistics.
Belden Inc. (NYSE: BDC) has received six Gold Honoree awards at the 2024 Cabling Installation & Maintenance Innovators Awards program. The recognized products include:
- Indoor/Outdoor Plenum Stadium Cables & Connectivity
- FX ECX Wall-Mount Fiber Enclosure
- DuetConnect Hybrid Termination Box
- RemoteIP Cables
- Enhancing Patient Experiences Showcase
- OptiTuff Connectivity & Cable Management
These innovations address various needs in network infrastructure, from sports venues to healthcare facilities. The awards highlight Belden's commitment to developing innovative solutions for efficient cable installation, improved connectivity, and enhanced user experiences across different industries.
Belden has launched new Lumberg Automation M12 Inner Push Pull Connectors conforming to IEC 61076-2-010 standard. These connectors offer a secure, fast-locking contacting method ideal for harsh environments, preventing accidental disconnects that cause downtime or safety hazards. Key benefits include:
- Secure contact without tools, even in tight spaces
- Up to 80% reduction in installation time
- Exceptional ingress protection and vibration resistance
Available in X-coded, D-coded, and A-coded variants, these connectors are suitable for various industrial and transportation applications, including railway rolling stock, harbors, intralogistics, and automation environments.
Belden Inc. (NYSE: BDC) hosted its 2024 Investor Day, unveiling its Solutions Transformation Strategy and long-term financial framework through 2028. The company aims for mid-single-digit annual revenue growth, 10% to 12% annual Adjusted EPS growth, and free cash flow margin approaching 10%. Belden announced a new $300 million share repurchase authorization, bringing the total to $415 million.
CEO Ashish Chand expressed confidence in achieving the $8.00 Adjusted EPS target for 2025, despite recent destocking headwinds. The company also renamed its segments to Automation Solutions and Smart Infrastructure Solutions, reflecting its focus on data infrastructure solutions.
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.