Key Developments: Belden Inc (BDC)
52.38USD
18 Jun 2013
$1.08 (+2.11%)
$51.30
$51.36
$52.60
$51.36
133,441
274,976
$55.69
$30.93
Latest Key Developments (Source: Significant Developments)
Belden Inc Declares Regular Quarterly Dividend
Belden Inc announced that Board of Directors declared a regular quarterly dividend of five cents per share payable on July 2, 2013 to all shareholders of record as of June 14, 2013. Full Article
Belden Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance
Belden Inc announced that for second quarter of 2013, it expects revenues to be in the range of $530-$540 million and adjusted income from continuing operations per diluted share to be $0.90-$0.95. For fiscal 2013, it expects revenues to be $2.07-$2.12 billion and adjusted income from continuing operations per diluted share to be $3.49-$3.69. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $540 million and EPS of $0.95 for second quarter of 2013; revenue of $2.11 billion and EPS of $3.61 for fiscal 2013. Full Article
Belden Inc Announces Pricing of EUR300 Million Private Offering of 5.5% Senior Subordinated Notes
Belden Inc announced the pricing of its private offering of EUR300 million in aggregate principal amount of 5.5% senior subordinated notes due 2023 at an issue price of 100% of the principal amount. The offering size was increased to EUR300 million from EUR200 million. Belden expects this offering to close on March 21, 2013, subject to customary closing conditions. The notes will be guaranteed on a senior subordinated basis by certain of Belden`s current and future domestic subsidiaries that guarantee Belden`s indebtedness under its senior secured credit facility. Belden intends to use the net proceeds from the offering to repay revolving borrowings under its senior secured credit facility and for general corporate purposes. Full Article
Belden IncAnnounces EUR200 Million Private Offering of Senior Subordinated Notes
Belden Inc announced that it intends to offer EUR200 million in aggregate principal amount of senior subordinated notes due 2023 for sale to eligible purchasers in a private offering (the Notes Offering). Belden intends to use the net proceeds from the Notes Offering to repay revolving borrowings outstanding under its senior secured credit facility and for general corporate purposes. Full Article
Belden Inc Declares Regular Quarterly Dividend
Belden Inc announced that it has declared a regular quarterly dividend of five cents per share payable on April 2, 2013 to all shareholders of record as of March 18, 2013. Full Article
Belden Inc Issues Q1 2013 Guidance; Revenue Guidance Above Analysts' Estimates; Raises FY 2013 EPS Guidance; Issues FY 2013 Revenue Guidance
Belden Inc announced that it expects first quarter 2013 revenues to be $505-$515 million and adjusted income from continuing operations per diluted share to be $0.76-$0.81. For fiscal 2013, the Company raised adjusted income from continuing operations per diluted share (EPS) to $3.44-$3.69. The Company also announced that it expects revenues to be $2.07-$2.12 billion for fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $498 million and EPS of $0.76 for the first quarter of 2013; and EPS of $3.52 and revenue of $2.10 billion for fiscal 2013. Full Article
Belden Inc Completes Sale of Consumer Electronics Assets in China to Shenzhen Woer Heat Shrinkable Material Co Ltd
Belden Inc announced that it completed the sale of its consumer electronics assets in China to Shenzhen Woer Heat-Shrinkable Material Co., Ltd. for consideration of approximately $43.3 million. Full Article
Carlisle Companies Inc Completes Purchase Of Thermax-Raydex Business From Belden Inc
Carlisle Companies Inc announced that it has completed the purchase of the Thermax-Raydex business from Belden Inc. Thermax-Raydex is a global supplier of high-performance hook-up, data and coaxial wire and cable for mission-critical applications for commercial aerospace, defense and industrial customers and will operate within Carlisle`s Interconnect Technologies segment. Full Article
Belden Inc Issues Q4, FY 2012 Guidance Below Analysts' Estimates
Belden Inc announced that for the fourth quarter 2012, it expects revenue from continuing operations to be between $470 and $480 million and adjusted diluted earnings per share from continuing operations to be between $0.62 and $0.67. For fiscal 2012 the Company expects revenue from continuing operations to be between $1.834 and $1.844 billion and adjusted diluted earnings per share from continuing operations to be between $2.63 and $2.68. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $505.14 million ane EPS of $0.75 for the fourth quarter of 2012; revenues of $1.946 billion and EPS of $3.03 for fiscal 2012. Full Article
Belden Inc Announces Acquisition Of PPC For $515.7 Million
Belden Inc announced that it has acquired privately held PPC, a provider of broadband connectivity solutions headquartered in Syracuse, New York, for $515.7 million. Full Article
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