Businessweek

Belden Inc. (NYSE:BDC) is looking for acquisitions. Senior Vice President Finance, and Chief Financial Officer, Henk derksen said, “So we think we have enormous opportunities to further expand the corporation through M&A opportunities. If we think about those four newly create platforms, we think that the management capacity is more concentrated and therefore, effectively, there is more management capacity available to do acquisitions. The M&A pipeline feels very, very good at the moment, very robust pipeline, and the financial capacity is available. At the end of the first quarter, we had $451 million of dry powder, committed dry powder, available to do acquisitions”.

Belden Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's revenue was totaled $507,473,000 compared to $439,600,000 in the first quarter 2012. Net income was $22,245,000 or $0.49 diluted per share against net income of $24,275,000 or $0.52 diluted per share of prior year period. Income from continuing operations was $22,245,000 or $0.49 diluted per share against $19,739,000 or $0.42 diluted per share for the same period last year. Operating income was $44,240,000 against $37,126,000 for the same period last year. Income from continuing operations before taxes was $28,443,000 against $25,558,000 reported last year. Net cash used in operating activities was $71,726,000 against net cash provided by operating activities of $12,748,000 of prior year period. Capital expenditures were $6,437,000 against $7,557,000 for the same period a year ago. Adjusted revenues were $510,389,000 against $439,600,000 for the same period a year earlier. Adjusted operating income was $66,682,000 against $40,210,000 for the same period a year earlier. Adjusted income from continuing operations was $38,326,000 against $21,798,000 for the same period a year earlier. The company expects second quarter 2013 revenues to be $530 million to $540 million and adjusted income from continuing operations per diluted share to be $0.90 to $0.95. For the full year ending December 31, 2013, the company expects revenues to be $2.07 billion to $2.12 billion and adjusted income from continuing operations per diluted share to be $3.49 to $3.69. For financial modeling purposes for the second quarter and the full year 2013, the company now recommends using a 25% effective tax rate. These rates are incorporated in the company’s guidance.

Belden Inc. offered a new Annual Maintenance Plan (AMP), a cost-effective upgrade of its Hirschmann Industrial HiVision network management software. For a single payment, users with a full license for versions 04.0.00 or later will automatically receive the latest releases for twelve months. The cost is less than half that of a one-time update. No contract is required to use AMP; users simply need to accept the license terms that also apply to the installation of Industrial HiVision. At the end of the twelve months they are then free to decide whether or not to extend the service. The registration code for the update can either be supplied by e-mail, or sent as a package containing a CD with the network management software and printed operating instructions. However, each new release can be installed only on a PC that is already running a full version of Industrial HiVision. This network management software, which was specifically designed for industrial applications, is continually being enhanced with additional functions for more convenient network administration and monitoring in line with users' requirements. On average, two new versions are marketed each year, and AMP customers can benefit from these without delay. As with a full license, the price of the Industrial HiVision AMP depends on the number of IP addresses monitored. Versions are available for 25, 50, 100, 250 or 500 addresses. If more than one full license for the network management software is running on a PC, then a corresponding number of AMPs will be required.

Belden Inc. announced that the company is now organized across four global business segments: Industrial Connectivity Solutions, Industrial Information Technology (IT) Solutions, Enterprise Connectivity Solutions, and Broadcast Solutions. These newly defined operating segments are a result of Belden's purposeful transformation to a global provider of comprehensive signal transmission solutions. Through this new solution-oriented alignment, Belden further strengthens its ability to quickly capitalize on new market opportunities and provide complete connectivity solutions to a growing customer base around the world. Industrial Connectivity Solutions - High-performance industrial cable and connector products that transport mission-critical signals enabling reliable network communication and machine-to-machine connectivity for industrial automation, machine building and automotive production applications. Industrial IT Solutions - High-performance, reliable and secure hardware and software systems that address the mission-critical networking demands of the discrete and process automation industries worldwide. Enterprise Connectivity Solutions - Efficient network infrastructure systems that transport voice, video and high-speed data in enterprise IT applications for data centers, healthcare, finance, and education markets. Broadcast Solutions - Advanced hardware, software and connectivity systems for media companies to create, manage and deliver high-quality content around the world. Christoph Gusenleitner now leads Industrial Connectivity Solutions business segment. Gusenleitner was previously EVP, EMEA Operations and Global Connector Products. Industrial IT Solutions is led by Dhrupad Trivedi. Previously, Trivedi served as vice president of Strategy & Corporate Development for Belden. Glenn Pennycook enters a new role as leader of Enterprise Connectivity Solutions. Pennycook was previously president of Enterprise Solutions at Belden. Broadcast Solutions businesses will continue to be managed by Strath Goodship, Dave Jackson, and Jimmy Rayford.

Belden Inc. announced that Denis Suggs, the Executive Vice President, Americas Operations and Global Cable Products has announced his resignation from the company. Mr. Suggs will stay with the Company through July 2013 to support the transition to his successor.