Announcement • May 02
Belden Inc. Provides Earnings Guidance for the Second Quarter Ending June 28, 2026 Belden Inc. provided earnings guidance for the Second Quarter ending June 28, 2026. For the quarter, the company expects Revenues to be between $735 million and $750 million. GAAP EPS is expected to be between $1.53 per share and $1.63 per share. Announcement • Apr 16
Belden Inc. to Report Q1, 2026 Results on Apr 30, 2026 Belden Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 Announcement • Apr 10
Belden Inc., Annual General Meeting, May 21, 2026 Belden Inc., Annual General Meeting, May 21, 2026. Announcement • Mar 05
Belden Inc. Launches Next-Gen Virtual Firewall and First Digital I/O Module Innovations Belden Inc. announced the launch of new products designed to provide flexible and scalable cybersecurity for operational technology environments and enhance network efficiency. The next-gen Belden Virtual Firewall can be deployed wherever it is needed as a hardware-agnostic solution in data center, industrial or OT environments. Designed for maximum flexibility, it enables organizations to scale security seamlessly as operations expand, architectures evolve, or risk profiles change. Three licensing tiers offer flexibility to scale protection as needs evolve; security features include deep packet inspection of OT protocols, intrusion prevention and high availability. The new LioN-X LC Digital I/O Modules offer LioN-X benefits plus reduced Pin 1 current for lower system costs and improved efficiency. These are the first digital I/O modules launched under the Belden brand, representing a significant milestone in the company’s portfolio. Announcement • Feb 27
Belden Inc. Declares Quarterly Dividend, Payable on April 9, 2026 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on April 9, 2026, to shareholders of record as of March 12, 2026. Announcement • Feb 12
Belden Inc. Provides Earnings Guidance for the First Quarter 2026 Belden Inc. provided earnings guidance for the First Quarter 2026. For the quarter, the company expects Revenues to be between $675 million - $690 million. GAAP EPS to be between $1.21 per share - $1.31 per share. Announcement • Jan 22
Belden Inc. to Report Q4, 2025 Results on Feb 12, 2026 Belden Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 12, 2026 Announcement • Jan 07
Belden Inc. Appoints Brad Dineley as Executive Vice President Chief Digital and Operations Officer, Effective January 5, 2026 Belden Inc. named Brad Dineley as its Executive Vice President Chief Digital and Operations Officer, a position with global responsibility, reporting to the Company's Chief Executive Officer. Effective January 5, 2026, Mr. Dineley, age 53, previously held the position of Vice President of Operations Excellence at TE Connectivity. Prior to this, Mr. Dineley held positions of increasing responsibility for the Schaeffler Group. Announcement • Nov 20
Belden Inc. Appoints Adel Al-Saleh to Board of Directors, Effective November 19, 2025 Belden Inc. announced that with immediate effect, it has appointed Adel Al-Saleh as a Director. Mr. Al-Saleh brings over 30 years of senior managerial experience in the information technology space, including his current role as Chief Executive Officer and Director of SES Satellites. Prior to his current role, Mr. Al-Saleh was CEO of T-Systems (a division of Deutsche Telekom) and CEO of Northgate Information Solutions. He also previously served as a board member for BT and member of the management board of Deutsche Telekom. He holds a Bachelor of Science degree in Electrical Engineering from Boston University and a Masters of Business Administration from Florida Atlantic University. Announcement • Oct 30
Belden Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 Belden Inc. provided earnings guidance for the fourth quarter of 2025. For the quarter, the company expects Revenues to be $690 million - $700 million. GAAP EPS to be $1.40 - $1.50. Announcement • Oct 09
Belden Inc. to Report Q3, 2025 Results on Oct 30, 2025 Belden Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 30, 2025 Announcement • Aug 29
Belden Launches Next-Gen Connectivity and Cybersecurity Products for Critical Applications Belden Inc. announced the launch of several new products designed to enhance performance, security and reliability across automation and smart infrastructure environments. Belden Classics Essential-Lite - LSZH IEC-EN Rated Cables offer enhanced analog and serial data performance, along with a Low Smoke Zero Halogen rating for standard indoor environments. Belden RemoteIP OSP Cables feature a cost-effective, simplified construction and easy deployment. Belden's RemoteIP OSP cables extend Ethernet channel distances up to 215 meters while maintaining low heat levels and minimal power loss. This new addition to the RemoteIP line is fully compatible with REVConnect™? connectivity. The Belden Industrial Firewall IAF-240 provides scalable, multi-layered protection for critical OT networks. It combines deep visibility, threat prevention and high availability in a compact, industrial-grade design built to reduce risk and downtime. Version 1.11 of Belden PROVIZE Suite network planning and commissioning software introduces new features, including network planning support for the GREYHOUND2000 switch. PROVIZE Explorer has a new Multi Config feature, allowing users to update the firmware of multiple devices at once, saving time. Further improvements ease planning and commissioning even more. Hirschmann BOBCAT Switches are now certified to comply with IEC 62443-4-2 Security Level 2 functional requirements. This IEC standard addresses security in industrial automation and control systems. Announcement • Aug 22
Belden Inc. Declares Quarterly Dividend, Payable on October 7, 2025 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on October 7, 2025, to shareholders of record as of September 11, 2025. Announcement • Jul 31
Belden Inc. Provides Earnings Guidance for Third Quarter Ending September 28, 2025 Belden Inc. provided earnings guidance for third Quarter ending September 28, 2025. For the quarter, the company expects revenues to be between $670 million and $685 million. GAAP EPS is expected to be between $1.33 and $1.43. Announcement • Jul 10
Belden Inc. to Report Q2, 2025 Results on Jul 31, 2025 Belden Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Announcement • Jun 05
Belden Launches Solutions That Deliver Secure Power Connections in Harsh Conditions and Simplify Edge-to-Cloud Data Flow Belden Inc. announced new products designed for secure, high-quality performance in critical applications. Data Acquisition & Transmission: Belden FiberExpress XHD Fiber Patch Panel System supports the trend toward increasing fiber densification. These panels facilitate migration to 40G, 100G, 200G and 400G networks, with 1U, 2U and 4U variants. Belden EN-IEC rated LSZH RS485 AWG18 cables support longer RS-485 runs with less voltage drop, higher current for powered devices, and meet standards like BACnet MS/TP ensuring reliable data, power delivery and cross-protocol compatibility in industrial applications. Redesigned Lumberg Automation M12 Power Solution delivers reliable, secure power connections in harsh conditions where durability, flexibility and high current handling are vital. With its extended shielding technology, this solution is ideal for high-demand applications. Belden Armored Fire Alarm Cables are manufactured with the highest quality material for added protection in specific industrial applications where armoring could replace a conduit. Data Orchestration & Management: Hirschmann EAGLE40-03 HiSecOS v05.2.00 firewall software supports DPI enforcer modules for Siemens S7 and S7 Plus, along with other protocols, for the EAGLE40-03. Hirschmann RPSS Power Supplies are cost-efficient, easy-to-install and feature up to 480 W of power output and high efficiency to support companies in a wide range of industries, including process manufacturing, material handling and machine building. Hirschmann SPIDER III family expands its portfolio with 5-port and 8-port SPIDER-SL variants offering a built-in Quality of Service (QoS) function increasing the reliable data transmission in applications withtherNet/IP or PROFINET according to Conformance Class A. Hirschmann Industrial HiVision version 8.6 expedites software delivery and registration with a new licensing option. Also, version 8.6 heightens security with permissions granularity that limits some users' ability to configure external applications. PROVIZE Planner Suite 1.10 introduces extended cable planning capabilities. Also new: network visualization PDF exports streamline reviews. Further role and device definitions distinguish between endpoints and devices and denote their capabilities. CloudRail.OS software now features a Docker container that runs the full CloudRail functionality on any type of hardware or in data centers. Announcement • May 29
Belden Inc. Introduces Innovative TIA-Compliant Small-Diameter Category 6A Cable Belden Inc. announced the launch of its 10GXM13 Category 6A Cable. Building on Belden's leadership in the smart infrastructure space, this 0.230" (5.84 mm) cable sets new standards for small-diameter Category 6A cables. The 10GXM13 cable delivers enhanced channel performance and 100-meter lengths that meet full Telecommunications Industry Association (TIA) compliance. The drive to digitize increases demand for more cables in today's buildings. With its small diameter and filler-free design, this next-gen Category 6A cable creates new possibilities. Organizations can now deploy 10Gig links with a cable that is nearly as small as a Category 6 cable, allowing for larger bundle sizes and the ability to upgrade old Category 6 links to Category 6A and deploy more copper without running new conduit. The 10GXM13 Cable makes better connections possible and lets organizations build the infrastructure that maximizes value. Space- and cost-saving: A 0.230" (5.,84mm) outside diameter unlocks new installation opportunities while reducing conduit expenditures. Easy deployment and termination: Eliminating filler simplifies termination, and pairing with REVConnect®? Connectivity shortens the time to go live. Less waste: A filler-free design means less material wasted and installed for more sustainable building practices. These cables are designed for a wide range of markets and applications. 10GXM13 Category 6 Aables are ideal for commercial real estate, data centers, government, healthcare, higher education, hospitality, and stadium and revenue sectors. Announcement • May 23
Belden Inc. Declares Quarterly Dividend, Payable on July 9, 2025 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on July 9, 2025, to shareholders of record as of June 12, 2025. Announcement • May 01
Belden Inc. Provides Earnings Guidance for Second Quarter of 2025 Belden Inc. provided earnings guidance for Second Quarter of 2025. For the quarter, the company expects Revenues for the second quarter are expected to be between $645 million and $660 million, representing a 7% to 9% increase over the prior-year quarter. GAAP EPS is expected to be between $1.25 and $1.35, representing a 5% to 13% increase over the prior-year quarter. Announcement • Apr 17
Belden Inc. Sets New Industrial Ethernet Switch Standards Belden Inc. announced the launch of its Hirschmann GREYHOUND2000 Standard Switch. Building on Belden's vision leadership in the industrial automation space, GREYHOUND2000 sets new standards for 19-inch Ethernet switches. This next-generation switch delivers very high fiber port density and configurable port modules that adapt to various connectivity scenarios. As organizations pursue their digital ambitions, the demand for fiber-based Ethernet communications is at an all-time high. GREYHOUND2000 meets the moment with a robust, future-ready design that delivers the reliability and uptime required for high-demand applications and can evolve as network demands rise. These rugged switches are designed for a wide range of markets and applications. GREYHOUND2000 is ideal for power generation, transmission and distribution, mass transit, rail systems, and within the process industries. GREYHOUND2000 delivers features organizations need to design robust, resilient networks: Maximum flexibility and configurability with up to 34 ports - the most of any Belden rugged industrial Ethernet switch. Redundancy protocols built into every port to deliver the high uptime and network stability required by mission-critical operations. Designed for the toughest industrial environments with a wide temperature range (up to +85degC for 16 hours in dry heat) and high electromagnetic compatibility (EMC). Announcement • Feb 28
Belden Inc. Declares Quarterly Dividend, Payable on April 10, 2025 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on April 10, 2025, to shareholders of record as of March 13, 2025. Announcement • Feb 06
Belden Inc. Provides Earnings Guidance for the First Quarter of 2025 Belden Inc. provided earnings guidance for the first quarter of 2025. For the first quarter, the company anticipates order patterns to align with typical seasonality and expect customers to remain in a neutral posture as they navigate this dynamic environment. Revenues are expected to be in the range of $605 million to $620 million, representing a 13% to 16% increase over the prior-year quarter. GAAP EPS is expected to be in the range of $1.03 to $1.13, representing a 14% to 26% increase over the prior-year quarter. Announcement • Jan 16
Belden Inc. to Report Q4, 2024 Results on Feb 06, 2025 Belden Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 06, 2025 Announcement • Nov 21
Belden Inc. Declares Quarterly Dividend, Payable on January 9, 2025 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on January 9, 2025, to shareholders of record as of December 12, 2024. Announcement • Nov 19
Belden Launches Products That Support Maximum Data Security and Reliable Connectivity Belden Inc. announced new network and data infrastructure products designed for secure, high-quality performance in critical applications. Data Orchestration & Management, Hirschmann EAGLE40-6M Train Firewalls meet the demands of railway rolling stock with industrial firewall capabilities and multiple industry-relevant certifications. Their robust design allows them to withstand moving trains while providing maximum data security by performing deep packet inspection of onboard rolling stock communication protocols. Hirschmann OpEdge-4D Industrial Edge Gateways feature hazardous location approvals and run applications that make operational data more actionable. Employing a secure, easy-to-use operating system, the OpEdge-4D supports companies in any industry, including process manufacturing, material handling, transportation and energy. ProSoft ProLinx Edge Mini Radios feature hitless roaming of less than 100 milliseconds, enabling large-scale applications featuring mobile equipment, especially for those in logistics and material handling. Wi-Fi 6 is able to provide reliable connectivity for hundreds of devices, ideal for busy material handling and logistics applications. The radio’s compact design allows direct mounting on-board AGVs and AGCs, saving space. CloudRail Managed OT-to-Cloud Connectivity software enables organizations to connect modern devices with standard protocols and retrofit older machines with sensors to gather, normalize and process data. Simplified edge-to-cloud data flow makes it easy to leverage edge data in any cloud for greater efficiency. Data Acquisition & Transmission, Belden DataTuff Cat6A Industrial Copper Ethernet Cables are designed for light, medium, and heavy-duty industrial environments and offer a variety of temperature ratings, shielding options, UL ratings, and jacket materials. Now including two new PLTC-rated options, DataTuff Cat6A cables deliver signal reliability, noise immunity and exceptional attenuation and return loss, and are backed by a 10-year product warranty. Recent Insider Transactions • Nov 13
VP & Chief Accounting Officer recently sold €358k worth of stock On the 7th of November, Douglas Zink sold around 3k shares on-market at roughly €119 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €118, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €156 per share. Announcement • Nov 01
Belden Inc. Provides Earnings Guidance for the Fourth Quarter 2024 Belden Inc. provided earnings guidance for the fourth quarter 2024. For the quarter, the company expected revenues of $645 million -$660 million and GAAP EPS of $1.05 - $1.15. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.32 (vs US$1.72 in 3Q 2023) Third quarter 2024 results: EPS: US$1.32 (down from US$1.72 in 3Q 2023). Revenue: US$654.9m (up 4.5% from 3Q 2023). Net income: US$53.7m (down 26% from 3Q 2023). Profit margin: 8.2% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 17
Belden Inc. to Report Q3, 2024 Results on Oct 31, 2024 Belden Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 31, 2024 Announcement • Oct 09
Belden Introduces New Safety I/O Modules for Functional Safety in Highly Automated Operations Belden Inc. announced the expansion of the Lumberg Automation LioN family with its new LioN-Safety I/O Modules. Designed to support functional safety efforts in industrial operations, the modules streamline the transmission of safety and non-safety-related data over existing networks. The new LioN-Safety I/O Modules support the PROFIsafe and CIP Safety protocol, with the latter expected to be available in the fourth quarter of 2024, and give manufacturers a compact, ruggedized product uniquely designed to support the real-time data transmission required in highly automated operations. The safety solution from Belden enables the exchange of safety-relevant data and diagnostic information through existing network connections, saving valuable time, resources and space. With the LioN-Safety I/O Modules, users benefit from: Easy Integration: Protect workers and machines by integrating modules into a PLC’s engineering tools with PROFIsafe or CIP Safety via standardized device description files that transmit safety data and diagnostics. Maximum Flexibility: Connect safety inputs/outputs, non-safety I/Os and IO-Link signals – and communicate with the cloud – for added versatility and functionality. High Performing, Safe Operations: Use PROFINET/PROFIsafe I/O modules in applications with conformance class C and Netload class III or CIP Safety, and benefit from TÜV Rheinland-certification up to SIL 3, Cat 4 and Performance Level e (PLe). Designed with a space-saving, compact metal housing, LioN-Safety I/O Modules ensure durability and reliability even in the harsh environments of automotive manufacturing, consumer packaged goods, machine building, metals and logistics. Announcement • Sep 19
Belden Inc. Launches New M12 Push Pull Connectors Belden announced the release of its new Lumberg Automation M12 Inner Push Pull Connectors, which conform to International Electrotechnical (IEC) standard 61076-2-010. Featuring a secure, fast-locking contacting method, the M12 Push Pull Connectors are optimal for use in harsh environments to prevent accidental disconnects that cause downtime, disrupt data gathering or create safety hazards. As enterprises pursue digital transformation, connecting more operational technology (OT) devices and information technology (IT) systems empowers them to collect and transfer more data, promote uptime and gain operational efficiency. The M12 Push Pull Connector answers the call with its simple, secure contacting method and portfolio of X-coded, D-coded and A-coded variants to meet a wide range of industrial and transportation use cases. The M12 Push Pull Connectors offer powerful benefits, including: Innovative new technology that ensures secure contact without tools for torque, even in tight spaces, such as on input/output (IO) modules or switches. Simplified installation and maintenance by eliminating the need to screw in connectors, which reduces installation time by up to 80%. Exceptional ingress protection and vibration resistance to withstand the demands of harsh transportation and industrial environments. The M12 Push Pull Connector meets the stringent demands of several sectors, including railway rolling stock, harbors, intralogistics organizations, supply chain and material handling operations, and classic automation environments. Announcement • Sep 12
Belden Inc. (NYSE:BDC) announces an Equity Buyback for $300 million worth of its shares. Belden Inc. (NYSE:BDC) announces a share repurchase program. Under the program, the company will repurchase up to $300 million worth of its common stock. Announcement • Aug 29
Belden Launches Solutions That Promote Safety and Security Without Sacrificing Mission-Critical Performance Belden Inc. announced new products designed for secure, high-quality performance in critical applications. Data Acquisition & Transmission: Belden LSZH (Low-Smoke, Zero-Halogen) Cca-Rated OSDP (Open Supervised Device Protocol) Cables are the newest addition to the company’s portfolio of OSDP Access Control Cables, designed to comply with European Commission standards. Because the cables meet criteria for flame spread, heat release and smoke production, they can reliably connect security and access control systems while ensuring high performance in the event of a fire. Belden NewGen Multi-Conductor & Pair LSZH Cable Portfolio has expanded to include products with enhanced flame ratings that comply with European Construction Products Regulation (CPR) guidelines. The cables offer a LSZH design with enhanced safety features that allow them to perform in case of fire. Belden EN/IEC-Rated Classics/Electronics portfolio now includes LSZH jacketed paired and multi-conductor cables that provide enhanced resistance to fire to meet European CPR guidelines. Data Orchestration & Management: Belden PROVIZE Suite offers new features, including network planning with Belden BOBCAT and GREYHOUND switches, subnet and MRP sub-ring configuration, CLI export and template stacking capabilities. It also includes the PROVIZE Planner Essentials license. Hirschmann EAGLE40-4F Industrial Firewalls provide deep packet inspection and advanced cybersecurity. As part of the EAGLE40 family, they feature a robust design and numerous certifications, making them ideal for protecting critical industrial applications. ProSoft Technology FOUNDATION Fieldbus FF Links allow users to connect Foundation Fieldbus (FF) H1 devices to an EtherNet/IP™ controller (as a Target or Originator). They can also be used to transfer FF device data using the Modbus TCP protocol to a Modbus client or server. Declared Dividend • Aug 26
Second quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 12th September 2024 Payment date: 8th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 4%. Announcement • Aug 23
Belden Inc. Declares Quarterly Dividend, payable on October 8, 2024 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on October 8, 2024, to shareholders of record as of September 12, 2024. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$1.21 (vs US$1.62 in 2Q 2023) Second quarter 2024 results: EPS: US$1.21 (down from US$1.62 in 2Q 2023). Revenue: US$604.3m (down 13% from 2Q 2023). Net income: US$49.0m (down 29% from 2Q 2023). Profit margin: 8.1% (down from 9.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Belden Inc. Provides Earnings Guidance for the Third Quarter 2024 Belden Inc. provided earnings guidance for the third quarter 2024. For the quarter, the company expected Revenues of $635 million -$650 million and GAAP EPS of $1.00 - $1.10. Announcement • Jul 18
Belden Inc. to Report Q2, 2024 Results on Aug 01, 2024 Belden Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024 Announcement • Jul 02
Belden Inc. (NYSE:BDC) completed the acquisition of Precision Optical Transceivers, Inc. Belden Inc. (NYSE:BDC) entered into a definitive agreement to acquire Precision Optical Transceivers, Inc. for approximately $290 million on April 30, 2024. The transaction is expected to be completed by the end of the second quarter of 2024 and is subject to certain regulatory approvals and other customary closing conditions. Precision Optical Technologies is expected to be accretive to Belden’s adjusted earnings per share in the first year post-closing, excluding acquisition-related costs.
Belden Inc. (NYSE:BDC) completed the acquisition of Precision Optical Transceivers, Inc. on July 1, 2024. Closing of the Precision Optical Technologies acquisition has no impact on previously issued second quarter 2024 guidance. Announcement • Jun 01
Belden Inc. Launches New DuetConnect Hybrid Termination Box Brings Fiber and Copper Together While Protecting Against Damage Belden Inc. announced the launch of its new DuetConnect Hybrid Termination Box, which allows installers to properly terminate fiber and copper in the same box while safeguarding against damage. As the demand for downloading and uploading capabilities, clear streaming and immersive experiences are on the rise, fiber infrastructure deployments allow consumers to confidently use online devices without downtime or delays. Many IoT devices that support these connections, including cameras, optical network terminals (ONTs) and distributed antenna systems (DAS), are being deployed in locations where local power is vital—but isn’t always available or accessible. Installers often support these installations by deploying hybrid cables, which combine fiber (data) and copper (remote power) in one cable. Before Belden’s hybrid termination box was released, installers had no choice but to install fiber and copper in an enclosure that put exposed fiber at risk of damage when copper conductors were terminated in the same space. Because cables came to the enclosure from any direction, density and termination were also difficult to manage. The DuetConnect Hybrid Termination Box solves these problems, making hybrid cable termination easy, clean and efficient—all while separating copper and fiber for maximum protection and performance. Multiple cable entry points allow for installation flexibility, and each module can support up to four fibers and four copper conductors. Network managers can easily add density in the future by simply stacking one DuetConnect Hybrid Termination Box on top of another with up to three stackable boxes, making it faster and easier to juggle the challenges associated with rapid fiber-infrastructure expansion. Recent Insider Transactions • May 29
Key Executive recently sold €600k worth of stock On the 24th of May, David Aldrich sold around 7k shares on-market at roughly €89.54 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Declared Dividend • May 27
First quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 13th June 2024 Payment date: 9th July 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 4%. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.91 (vs US$1.48 in 1Q 2023) First quarter 2024 results: EPS: US$0.91 (down from US$1.48 in 1Q 2023). Revenue: US$535.7m (down 17% from 1Q 2023). Net income: US$37.3m (down 41% from 1Q 2023). Profit margin: 7.0% (down from 9.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year. Announcement • May 01
Belden Inc. Launches New Solution Capabilities for End Users in Discrete Manufacturing Belden Inc. announced game-changing new network and data capabilities for the discrete manufacturing sector. These initial three capabilities - network resilience, edge computing and data interoperability - are enabled through Belden Horizon, a platform that brings together hardware, software and services in a single source. The capabilities also serve as the building blocks for Belden's solution-driven approach to meeting customers where they are, clarifying business needs through thoughtful conversation and solving for desired outcomes. For consumer-packaged goods and automotive (discrete) manufacturers, this means helping advance their digitization journeys to unlock the efficiency and insight promised by the shift to Industry 4.0. Today's production lines generate substantial amounts of data from connected operational technology (OT) devices. When discrete manufacturers evolve their network infrastructures and data operations, they can collect and make sense of this high-value data, propelling productivity gains and increasing revenue. Belden provides solutions to connect every facet of the plant - machines, people, processes, robots and more. By quickly and securely collecting and analyzing vital performance data at the edge, Belden solutions transform data into actionable insights that lead to better decisions for operations and the bottom line. Belden's newest capabilities solve for common discrete manufacturing pain points, allowing manufacturers to minimize unplanned downtime, pursue real-time analytics and overcome data silos: Network resilience. Belden's solutions improve network resilience and production uptime by connecting all machines and assets to the network to eliminate blind spots and ensure committed bandwidth - without replacing existing technology. Manufacturers can protect networks from traffic surges and cybersecurity threats and build network redundancy to maintain reliable service and prioritize critical applications. Edge computing. By enabling data processing close to the machines, equipment and devices generating it, Belden solutions empower people to access, analyze and act on information to solve local issues faster and reduce data transfer to the cloud. Edge computing enables manufacturers to keep sensitive data on premises while driving real-time data analysis and network performance monitoring to identify, prioritize and resolve unexpected issues quickly. Data interoperability. Seamlessly convert and bring together data from various sources, formats, protocols, and sites to power applications and analytics for better decision making. Belden solutions translate previously incompatible proprietary protocols into a common language to unite OT data and gain richer insights. Announcement • Apr 20
Belden Inc. to Report Q1, 2024 Results on May 02, 2024 Belden Inc. announced that they will report Q1, 2024 results Pre-Market on May 02, 2024 Announcement • Apr 10
Belden Inc., Annual General Meeting, May 23, 2024 Belden Inc., Annual General Meeting, May 23, 2024, at 12:30 Central Standard Time. Location: the Four Seasons Hotel Saint Louis, Laclede Room, 6th Floor at 999 North 2nd Street Saint Louis Missouri United States Agenda: To consider and approve election of Director; to consider and approve ratification of Ernst and young as independent accounting firm; and to consider and approve any other matters. Announcement • Apr 03
Belden Inc. Unveils Immersive Healthcare Solutions Showcase Belden Inc. announced that it is excited to unveil its new healthcare solutions showcase: the Enhanced Patient Experience showcase. Housed within Belden's Chicago Customer Innovation Center and led by in-house healthcare experts, this reimination of healthcare allows industry professionals to see up close how a smart, connected healthcare environment transforms patient satisfaction, facility operations and staff engagement and retention. This healthcare delivery will be centered on integration, personalization and digitization--all to deliver timely, effective, patient-centered care; manage lean resources and rising costs; and create a safer environment. The showcase demonstrates some of Belden's key capabilities in healthcare as well, including: Network Resiliency for safeguarding IT and medical networks to protect critical healthcare infrastructure and data; Data Interoperability for unified data management, bringing multiple protocols into one cohesive platform; Cultivating an extensive partner network made up of trusted advisors who complement Belden's expertise in bringing healthcare solutions together to streamline projects. The Enhanced Patient Experience showcase includes technologies and equipment from several manufacturers including Stryker Procuity Smart bed, MHT Technologies Intelligent PoE solutions, Rauland Enterprise Responder 5 nurse call platform, HCI Interactive Patient TV, Midmark Careflow RTLS, Mecho PoE shade systems and technology integration by Pavion. These capabilities are built on a converged network that allows data from business and clinical platforms to be accessible across different systems for better collaboration, faster decision-making, streamlined technology infrastructure and seamless connectivity. Announcement • Mar 08
Belden Inc. Announces the Promotion of Hiran Bhadra to the Role of Sr. Vice President, Strategy & Technology Belden Inc. announced the promotion of Hiran Bhadra to the role of Sr. Vice President, Strategy & Technology, reporting to CEO Ashish Chand. In his expanded role as the CTO of the company, he will continue to shape Belden’s technology strategy while expanding his focus to reinforce the company’s commitment to technology and innovation. He will also work to drive scalable technology solutions in automation and smart infrastructure, while working closely with business segments to ensure the company’s technology solutions align with business objectives. Bhadra joined Belden in 2022 as part of the Senior Leadership team. During his time at Belden, he has led the company’s strategy and technology efforts while also championing the benefits of emerging technologies to customers, vendors and partners. According to Chand, Bhadra will continue to lead planning efforts to migrate the company from a products-based supplier to a solutions-focused organization with a strong focus on core networking product technologies and data engineering capabilities. Prior to Belden, Hiran worked as a senior partner in consulting organizations such as Accenture and KPMG with a focus on manufacturing and digital transformation. Announcement • Mar 07
Belden Inc. Launches Single Pair Ethernet Lite Managed Switch Belden Inc. announced the launch of its BEETLE Single Pair Ethernet (SPE) Lite Managed Switch from Lumberg Automation. An extension of Belden's Single Pair Ethernet portfolio of connectivity products, the new BEETLE switch empowers organizations to reduce network complexity by deploying thinner, lighter SPE cables that provide connectivity via a single pair of wires rather than the two or four pairs required by standard Ethernet. As digital transformation accelerates, enterprises need to connect more devices and transmit more real-time data while simplifying network infrastructure where possible. With Power over Data Line (PoDL), IP40 protection and low power consumption, the BEETLE Lite Managed Switch provides SPE connectivity for a future-ready network. The BEETLE Lite Managed switch provides powerful benefits, such as: Transmits Ethernet up to at least 1 kilometer. Meets the 10BASE-T1L standard for long-distance Ethernet. Saves space. Supports Ethernet transmission via a single wire pair that is lighter and more compact than traditional Ethernet cables. Reduces network complexity. Integrate sensors and actuators directly into the network without the need for an additional gateway. Simplifies configuration and maintenance. Streamline installation and maintenance and reduce operating costs with fewer gateways and protocols in use. Delivers essential lite managed switch features like VLAN at an optimized price-performance ratio and lower long-term total cost of ownership. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 09 April 2024. Payout ratio is a comfortable 3.5% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (1.4%). Declared Dividend • Feb 26
Fourth quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 13th March 2024 Payment date: 9th April 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 3%. Cash payout ratio: 4%. Announcement • Feb 15
Belden Inc. Announces Release of its PROVIZE Suite Belden Inc. announced the release of its PROVIZE Suite. A robust network management software suite, PROVIZE Suite includes the PROVIZE Planner network planning and configuration solution and PROVIZE Explorer, which simplifies commissioning of Belden devices. As networks scale up, industrial organizations need solutions that mitigate escalating complexity. With the PROVIZE Suite, organizations gain a single, intuitive interface that empowers them to design networks, validate their designs’ viability, gain accurate bills of materials (BOMs) and configure Belden devices – all in one place. PROVIZE Planner software delivers drag-and-drop network planning that lets users easily design configurations based on network intents. PROVIZE Explorer detects devices that have not been commissioned and allows users to verify security certifications and establish passwords and Internet protocol version 4 (IPv4) addresses for multiple devices at one time. PROVIZE Suite provides powerful benefits, such as: Seamless integration: PROVIZE Planner and PROVIZE Explorer seamlessly integrate with Belden PROVIZE Suite supporting streamlined network planning, configuration and commissioning via a single interface. Easy to use: Users can quickly plan networks and commission devices via intuitive software with no learning curve. Free base version: Organizations can get unlimited installations of entry-level solutions for PROVIZE Explorer and PROVIZE Planner for free. Paid PROVIZE Planner and PROVIZE Explorer versions: Organizations can upgrade to paid PROVIZE licenses to access advanced features. The PROVIZE Suite introduces new value-added features, including user experience (UX) enhancements for both products, port planning functionality and Command Line Interface (CLI) templates for streamlining the configuration of planned devices and subnet configuration in PROVIZE Planner, as well as configuration of multiple initial IPv4 assignments in PROVIZE Explorer. Buy Or Sell Opportunity • Feb 14
Now 20% undervalued Over the last 90 days, the stock has risen 20% to €75.50. The fair value is estimated to be €94.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Announcement • Feb 09
Belden Inc. Provides Earnings Guidance for the First Quarter of 2024 Belden Inc. provided earnings guidance for the first quarter of 2024. for the quarter, the company expects revenue of $505 million to $520 million and GAAP EPS of $0.65 to $0.75. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$5.75 (vs US$6.10 in FY 2022) Full year 2023 results: EPS: US$5.75 (down from US$6.10 in FY 2022). Revenue: US$2.51b (down 3.6% from FY 2022). Net income: US$242.8m (down 9.3% from FY 2022). Profit margin: 9.7% (in line with FY 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jan 26
Belden Inc. to Report Q4, 2023 Results on Feb 08, 2024 Belden Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 08, 2024 Buy Or Sell Opportunity • Jan 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.6% to €68.00. The fair value is estimated to be €55.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to decline by 4.9% in 2 years. Earnings are forecast to decline by 3.0% in the next 2 years. Upcoming Dividend • Dec 06
Upcoming dividend of US$0.05 per share at 0.3% yield Eligible shareholders must have bought the stock before 13 December 2023. Payment date: 09 January 2024. Payout ratio is a comfortable 3.2% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (1.6%). Announcement • Dec 01
Belden Inc. Declares Quarterly Dividend, Payable on January 9, 2024 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on January 9, 2024 to shareholders of record as of December 14, 2023. Announcement • Nov 18
Belden Launches New Solutions to Simplify Network Connectivity and Security Belden Inc. announced new products that streamline power and data transmission, optimize space and simplify connectivity. Belden FiberExpress Enterprise Closet X (FX ECX) Wall-Mount Fiber Enclosures allow enterprises to add more fiber connections without taking up valuable square footage, even in environments that aren't designed to support fiber optic networks or that lack space for a telecommunications room or rack. Belden M12 Power AWG 14 Angled Shielded Cordsets deliver power over long distances and in environments up to 125 degrees C, which surpasses all other options in the market today. The cordset also features a compact design, thicker wire and 360-degree shielding for reduced voltage drop and reliable, long-distance power transmission. Data Orchestration & Management: Hirschmann LEMUR Lite Managed Switches provide powerful features, including advanced security and full Gigabit Ethernet, to support complex automation environments. Built on the all-new Hirschmann Entry Operating System (HiEOS), the switches feature an intuitive web interface to simplify setup and maintenance. Hirschmann SPIDER III Unmanaged Industrial Ethernet Switches are replacement variants for SPIDER-SL and SPIDER-PL switches. The SPIDER III switch family simplifies field connectivity, cost-effectively providing basic Ethernet switch functions in applications that don't require critical security or network availability. Lumberg Automation's LioN-X IO-Link Master Family added two modules that feature HTTPS for the LioN-X weberver, offering even higher security. Announcement • Nov 15
Belden to Showcase Its Industrial Automation Solutions Portfolio At the 32nd Edition of SPS Belden will showcase its Industrial Automation Solutions portfolio at the 32nd edition of SPS, the trade fair for smart and digital automation, held in Nuremberg on 14 to 16 November 2023. At SPS 2023, attendees can discover how Belden helps the industrial sector advance the digitization journey by uniting data across various sources, formats and sites to uncover efficiencies, hit business targets and build a world of possibilities: Solution Demos: See Belden's data acquisition, analytics, anomaly detection and cybersecurity solutions in action with demonstrations for Belden Horizon Data Operations and Belden Horizon Data Manager, Hirschmann LEMUR and CloudRail. Lecture Series: Gain valuable insights from Belden experts as they discuss real-world network transformations driving digital innovation and operational efficiency. Solution Demos: Belden Performance-Driven Industrial Automation Portfolio: As the industrial sector evolves, companies need a technology infrastructure with a robust, scalable network that can handle growing data volumes. Belden delivers the infrastructure that makes customers' digital journeys simpler, smarter and secure through a performance-driven portfolio, forward-thinking expertise and purpose-built solutions. SPS attendees can visit Belden's booth for demonstrations of its newest innovations: Cybersecurity: Cyberattacks are on the rise, and manufacturing is one of the hardest-hit sectors. Belden helps industrial organizations counter escalating threats with cybersecurity solutions that protect infrastructure from the IO block to the cloud. Belden Horizon Data Operations (BHDO) and Belden Horizon Data manager (BHDM): Industrial organizations need vendor-neutral solutions to harvest and contextualize critical operational data to support advanced analytics. BHDO aggregates data from any source, providing analytics-ready contextual information for enabling successful app execution and making better, faster business decisions. BHDM manages distributed BHDO deployments. Hirschmann LEMUR: Enterprises face ever-increasing automation and IT/OT convergence requirements, driving the need to capture, transmit and analyze high volumes of data. The LEMUR Lite Managed Switch Family delivers the advanced data rates required in a cost-optimized, space-saving design with an easy-to-use Hirschmann Entry-Level Operating System (HiEOS) web interface. Belden will also feature its latest acquisition CloudRail, a fully managed solution to acquire data from industrial environments, pre-process it locally and send it to any cloud. With CloudRail, organizations can connect industrial assets to cloud platforms in hours instead of weeks or months--and create ecosystems with millions of secure installations. In addition to spotlighting Belden solutions, SPS 2023 features several thought leadership presentations by Belden experts. Revolutionizing the Road: Europe's Automotive Titans Embrace the EV Future with Gigantic Battery Plants and a Network Transformation Tale. This presentation will discuss how Belden played a key role in a major automaker's shift to advanced battery plants, reflecting the automotive industry's electric evolution. How Can Digitalization Drive a Double-Digit Efficiency Improvement in a 95-year-old Plant? Learn how a 95-year-old factory transformed with cross-functional teams and technologies, like edge computing, digital twins, machine learning (ML) and artificial intelligence (AI) – resulting in quick return on investment (ROI) and eco-friendly advancements, and inspiring broader digitalization for a cleaner, more efficient world. How to Contextualize Data for Improved Automation Processes and Decision Making. This session will detail best practices to collect, normalize and analyze the rich operational data delivered by connected operational devices to unlock business potential. Unleashing the Power of Industry 4.0: Using Ecosystem Partners to Revolutionize Digitization and Performance! This session offers an insightful journey into Belden’s Industry 4.0 transformation, highlighting the pivotal role of partners like AWS in digitizing a century-old plant, using AI and ML for predictive maintenance, and inspiring a future filled with innovation and progress. Private 5G in Industrial Automation: Game Changer or Just Hype? Dive deep into spectrum considerations, carrier service innovations, the emergence of Time Sensitive Networking and aligning with business goals to support next-generation communications networks. Announcement • Nov 03
Belden Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 Belden Inc. provided earnings guidance for the Fourth quarter of 2023. for the quarter, the company expects revenue in the range of $510 million to $530 million and GAAP EPS is to be in the range of $0.49 - $0.64. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.72 (vs US$2.39 in 3Q 2022) Third quarter 2023 results: EPS: US$1.72 (down from US$2.39 in 3Q 2022). Revenue: US$626.8m (down 6.5% from 3Q 2022). Net income: US$72.3m (down 30% from 3Q 2022). Profit margin: 12% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Oct 19
Belden Inc. Launches Lite Managed Switches and New Hirschmann Operating System Belden Inc. announced the launch of its LEMUR Lite Managed Switch Family and Hirschmann Entry Operating System (HiEOS). The new, cost-optimized LEMUR managed switches provide powerful features, including advanced security and full Gigabit Ethernet, to support today’s complex automation environments. Built on all-new, sophisticated HiEOS software, LEMUR switches feature an intuitive web interface to simplify setup and maintenance with no special information technology (IT) expertise required. Facing the challenge of digital transformation, heightened security threats and budget constraints, enterprises need switches that offer essential features and a secure, ruggedized design at an attractive price point. With Power over Ethernet (PoE) and PoE+ options, offering up to 180 W of power with no separate power supply and IP30 protection, LEMUR switches were developed in accordance with International Electrotechnical Commission (IEC) 62443-4-1 security standards. The LEMUR Lite Managed Switch Family provides powerful benefits such as: Easy configuration and management without need for IT intervention via the user-friendly HiEOS web interface. Cost-optimized design providing exceptional functionality including full Gigabit Ethernet, high port count, and advanced security. Essential features, plus high reliability delivering “set it and forget it” capability to simplify maintenance and lower total cost of ownership. Running on LEMUR switches, HiEOS offers essential Layer 2 managed switching capabilities – like port control, remote diagnostics and PoE/PoE+ options. Delivering exceptional performance, HiEOS provides a rich feature set including: Enhanced security — including SSHv2 and multiple privilege levels — delivering high reliability. Redundancy protocols including Ethernet Ring Protection Switching (ERPS), Rapid Spanning Tree Protocol (RSTP) and Media Redundancy Protocol (MRP) Client. Interfaces including command-line interface (CLI), Simple Network Management Protocol (SNMP), JavaScript Object Notation Remote Procedure Call (JSON-RPC) and the very user-friendly Hirschmann web interface. The LEMUR Lite Managed Switch Family ensures durability and reliability for many industrial applications, including manufacturing, machine building, food and beverage, automotive, and consumer packaged goods, along with traffic control systems, train stations and airports. New Risk • Oct 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risks High level of debt (58% net debt to equity). Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to €67.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in Germany. Total returns to shareholders of 135% over the past three years. Announcement • Oct 13
Belden Inc. to Report Q3, 2023 Results on Nov 02, 2023 Belden Inc. announced that they will report Q3, 2023 results at 8:30 AM, US Eastern Standard Time on Nov 02, 2023 Upcoming Dividend • Sep 05
Upcoming dividend of US$0.05 per share at 0.2% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 2.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.4%). Announcement • Aug 31
Belden Launches New Solutions to Boost Uptime and Improve Network Connectivity Belden Inc. announced four new products and updates that are designed to maintain connectivity in rugged environments and ensure uptime. Data Acquisition & Transmission: Belden OptiTuff Connectivity and Cable Management options support new field- termination connectivity for OptiTuff Mini Fiber Cables. Through the creation of new systems and improvements to the transition points, connectors and patch panels in Belden's existing FiberExpress (FX) line, installers can now benefit from OptiTuff's fast, easy installation plus compatibility with the popular FX Fusion Splice-On Connector and FX ECX Patch Panel System. The new Lumberg Automation M12 Circular Connector Automotive Line is designed to withstand harsh environments, due to new PUR construction, which prevents damage caused by welding sparks, crushing, and shearing. The connectors promote safety and application output by maintaining optimal machine uptime. Data Orchestration & Management: Belden PROVIZE Network Planning, Commissioning and Management Suite updates simplify MRP configuration for redundant ring topologies to prevent network disruptions. In addition, enhanced integration lets users shift between PROVIZE Planner and Explorer easily. User interface enhancements also improve both products. the new Lumberg Automation LioN-X Digital I/O Modules offer cost-effective flexibility and fast configuration, data transfer, and data security for automation applications using digital sensors and actuators. The modules offer integration in PLC and cloud environments, making them a fit for almost all industrial applications. Announcement • Aug 25
Belden Inc. Announces New Field-Termination Connectivity for Belden OptiTuff® Mini Fiber Cables Supports Fast, Easy Installation Belden now offers field-termination connectivity for its OptiTuff Mini Fiber Cables. This advancement continues the revolutionary breakthrough that OptiTuff Mini Fiber Cables provide for fiber installations, enabling installers to use space-saving OptiTuff systems in more types of fiber applications. As installers and integrators deployed OptiTuff Mini Fiber Cables, they wanted an end-to-end system that would support more connectivity options and improve cable management for OptiTuff Mini Fiber Cables in field-terminated applications. Through the creation of new systems and improvements to the transition points, connectors and patch panels in Belden’s existing FiberExpress (FX) line, fiber installers now benefit from the fast, easy installation that OptiTuff provides, plus compatibility with Belden’s popular FX Fusion Splice-On Connector and FX ECX Patch Panel System. This added compatibility enables more combinations between cable and connectivity. Belden’s patented OptiTuff Mini Fiber Cable is the only cable that combines the durability of metal armored solutions with the performance and installation ease of non-armored solutions. It provides a cost-effective, ruggedized option to replace traditional metal armored and non-armored fiber products in FTTx, POL/PON and raised-floor applications with no grounding or conduit. These new OptiTuff connectivity systems are also easy to order. Belden has developed an OptiTuff System Guide to help contractors select the right connectivity systems needed for installation, based on the fiber count andtermination method used on the project. Announcement • Aug 22
Belden Inc. Declares Quarterly Dividend, Payable on October 5, 2023 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on October 5, 2023 to shareholders of record as of September 13, 2023. New Risk • Aug 04
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €286k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Significant insider selling over the past 3 months (€286k sold). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$1.62 (vs US$1.32 in 2Q 2022) Second quarter 2023 results: EPS: US$1.62 (up from US$1.32 in 2Q 2022). Revenue: US$692.2m (up 3.9% from 2Q 2022). Net income: US$68.8m (up 17% from 2Q 2022). Profit margin: 9.9% (up from 8.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Belden Inc. to Report Q2, 2023 Results on Aug 03, 2023 Belden Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023 Announcement • Jun 16
Belden, Announces Hirschmann OpEdge-8D Is Now Qualified for AWS IoT Greengrass Belden, announced that the Hirschmann OpEdge-8D is now qualified for AWS IoT Greengrass. The Amazon Web Services (AWS) Device Qualification Program helps AWS Partners qualify devices that work with AWS. This, in turn, helps customers to gain confidence, choice, and selection for hardware as they explore, build, and go to market with Internet of Things (IoT) solutions. Qualified devices – like the Hirschmann OpEdge-8D – are listed in the AWS Partner Device Catalog to enable customers to quickly find hardware offered by AWS Partners for simplified project and solution integration. AWS IoT Greengrassis an open-source edge runtime and cloud service for building, deploying, and managing device software across multiple fleets. These advancements to the Hirschmann OpEdge-8D willbring a new level ofsimplicity and convenience to the management of applications. The Hirschmann OpEdge-8Dis an industrial-grade edge gateway with a compact, DIN rail mount form factor that provides customers with a secure operating system (OS) and easy-to-use user interface (UI) for managing the networking and security features of the device, as well as user-defined containers and Virtual Machines (VMs). OpEdge-8D is also integrated with the Belden Horizon console for device management, secure remote access, and edge application orchestration at scale. Collectively this technology can be leveraged to connect Information Technology (IT) and Operational Technology (OT) systems to support use cases where OT data needs to be processed to derive valuable insights for the user. Announcement • Jun 08
Belden Launches New Industrial Dataops Solutions Belden Inc. announced the launch of its new Belden Horizon Data Operations (BHDO) and Belden Horizon Data Manager (BHDM) industrial data operations solutions. As the adoption of the industrial internet of things (IIoT) and Industry 4.0 advances, the volume of data available from connected operational technology (OT) devices grows, providing opportunities for enterprises to use data to improve business decision-making. The new additions to the Belden Horizon software-based services suite work in concert to meet these expanding requirements by empowering industrial organizations to address data complexity through secure and managed data access, analytics and integration. BHDO and BHDM enable industrial organizations to extract actionable insights from OT assets in a more efficient and secure manner to reveal areas to streamline production processes, enhance operational efficiency and improve uptime. BHDO collects and analyzes OT data at the network edge and transmits it to information technology (IT) destinations for further analysis and action, while BHDM manages distributed BHDO deployments. BHDO and BHDM offer powerful features, such as: 250+ supported OT protocols and easy integration into dozens of IT system types. Digital twins and analytics tooling empower users to collect, contextualize and analyze data at the edge. Scalable to support large or remote deployments by using BHDM software to manage many BHDO instances. BHDO and BHDM edge applications are new additions to the Belden Horizon software-based services suite. The full suite provides a simpler, seamless, secure and reliable way to connect and manage operational systems at the edge while maintaining security and communication with the cloud or on-premises data center. All Belden Horizon offerings are secure, industrial-grade solutions that address the complex requirements of varied industries, including manufacturing, building automation, oil and gas, transportation, energy and utilities. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.05 per share at 0.2% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 3.0% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.2%). Announcement • May 26
Belden Inc. Declares Quarterly Dividend, Payable on July 6, 2023 The Board of Directors of Belden Inc. declared a quarterly dividend to holders of common stock of $0.05 per share payable on July 6, 2023 to shareholders of record as of June 15, 2023. Announcement • May 25
Belden Launches Solutions to Enable Device Commissioning and Provide Advanced Cybersecurity Belden Inc. announces five new products that provide enhanced security, better performance and seamless integration Belden PROVIZE Explorer enables device commissioning by assigning management IP addresses and credentials via an easy-to-use interface. As part of Belden’s PROVIZE Suite, PROVIZE Explorer integrates seamlessly with network planning and management applications. Belden PROVIZE Planner allows users to gather requirements, build and validate intent-based networks and automatically create and export bills of materials listing recommended equipment via a single, easy-to-use interface. As part of Belden’s PROVIZE Suite, PROVIZE Planner integrates seamlessly with exploration and management applications. Hirschmann EAGLE40-4F firewalls provide deep packet inspection and advanced cybersecurity along with real-time traffic monitoring—all at an optimal price-to-performance ratio. With a robust design and varied certifications, the Hirschmann EAGLE40-4F is optimal for many industrial applications. Belden 4-Channel SMPTE Cable is a multi-channel hybrid cable that allows four cameras to be connected to a single installed cable. The 4-Channel SMPTE is available in riser and plenum versions, features a black outer jacket and is backed by Belden's standard 10-year warranty. Belden VFD Cable Glands allow explosion-proof or general-purpose ingress of VFD cables into enclosures and devices. Featuring a pass-through design for shield/ground isolation, VFD Cable Glands are ideal for all types of unarmored tray cables, flexible cables and cords—even in the most demanding industrial environments.