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Belden(BDC) - 2024 Q2 - Earnings Call Transcript
2024-08-01 19:40
Belden Inc. (NYSE:BDC) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Aaron Reddington - VP, IR Ashish Chand - President & CEO Jeremy Parks - SVP & CFO Conference Call Participants William Stein - Truist Securities David Williams - Benchmark Robert Jamieson - Vertical Research Partners Mark Delaney - Goldman Sachs Chris Dankert - Loop Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to this morning's Belden reports Second Quarter 2024 Results Call. J ...
Belden(BDC) - 2024 Q2 - Quarterly Report
2024-08-01 16:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ FORM 10-Q _________________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. Commission File No. 001-12561 ____________ ...
Belden (BDC) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 13:47
Belden (BDC) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.85%. A quarter ago, it was expected that this communications equipment company would post earnings of $1.05 per share when it actually produced earnings of $1.24, delivering a surprise of 18.10%.Over the last four quarter ...
Belden(BDC) - 2024 Q2 - Quarterly Results
2024-08-01 11:50
Exhibit 99.1 News Release 1 North Brentwood Boulevard Phone: 314.854.8000 15th Floor Fax: 314.854.8003 St. Louis, Missouri 63105 www.Belden.com Belden Reports Second Quarter 2024 Results St. Louis, Missouri – August 1, 2024 - Belden Inc. (NYSE: BDC) (the "Company"), a leading global supplier of network infrastructure and digitization solutions, today reported fiscal second quarter results for the period ended June 30, 2024. Second Quarter 2024 Highlights • Revenues of $604 million, down 13% y/y and down 13% ...
New Preferred Stock And Exchange Traded Debt IPOs, July 2024
Seeking Alpha· 2024-08-01 00:42
Pgiam/iStock via Getty Images CDX3Investor.com New offering summaries: New York Mortgage Trust (NYMT) priced an offering of $60 million worth of new exchange traded senior notes due 2019, offering a fixed coupon of 9.125%. The new notes, which may be redeemed by the company at par starting July 1, 2026, received a credit rating of BBB from Egan-Jones Ratings Company. The new notes trade on the Nasdaq under symbol NYMTI where they were changing hands slightly above par value as of this writing. Dime Com ...
Blue Owl Capital: There Are 2 Fundamental Showstoppers
Seeking Alpha· 2024-07-28 09:48
Hiroshi WatanabeBlue Owl Capital (NYSE:OBDC) is the third largest BDC carrying an NAV base of circa $6 billion, falling short only from FS KKR Capital (NYSE:FSK) and Ares Capital (NASDAQ:ARCC) that have NAV figures of ~ $6.8 billion and ~ $11.8 billion, respectively. The overarching strategy of OBDC is to provide direct lending solutions to U.S. upper middle-market companies. Yet, here it is critical to underscore a couple of details pertaining to the strategy (or investment underwriting policy) itself: ...
BDC Weekly Review: Private Lenders Are Flush With Cash
Seeking Alpha· 2024-07-27 03:18
Jonathan Kitchen/DigitalVision via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the per ...
Capital Southwest: An Expensive But Well Run BDC, 9% Yield
Seeking Alpha· 2024-07-22 06:28
Image Source Income investing is an attractive investing strategy, but the majority of stocks have relatively low dividend yields. Or, a desired income would require more capital than we own to achieve using ordinary stocks. The BDC sector comes to mind as a way to spike our portfolio dividend yield and still keep equity-like returns. The subject of this article is the BDC called Capital Southwest (NASDAQ:CSWC). A BDC is a managed portfolio of loans, with returns amplified with leverage. This simple sta ...
Crescent Capital: Solid BDC With Strong Dividend Coverage
Seeking Alpha· 2024-07-21 14:49
Khosrork/iStock via Getty Images Overview Business Development Companies continue to be a great place to earn a higher yield and benefit from the higher interest rate environment. Crescent Capital BDC (NASDAQ:CCAP) has continued to rake in higher levels of net investment income, but the environment may be changing with interest rate cuts on the horizon. When I previously covered CCAP back in April, interest rate cuts seemed unlikely. However, recent economic data may be signaling a change in the market, ...
Ares Capital: One Of The Best Buys In The BDC Sector
Seeking Alpha· 2024-07-21 08:06
Ibrahim Akcengiz Earlier this year I wrote an article on Ares Capital (NASDAQ:ARCC) arguing why this BDC offers one of the best opportunities to enjoy solid returns from this specific sector. The bottom line was that ARCC has a truly diversified portfolio (on security, sector and asset class level) coupled with a strict underwriting policy that helps keep the underlying risk level low relative to the almost double-digit yield that is provided by this BDC. In other words, ARCC offers close to double-digi ...