Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now OTC Markets OTCPK - Delayed Quote • USD NV Bekaert SA (BEKAY) Follow Compare 3.5000 0.0000 (0.00%) At close: February 28 at 3:00:00 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations NV Bekaert SA (BEKAY) (Q4 2024) Earnings Call Highlights: Navigating Challenges with Strategic ... Despite a 9% revenue decline, NV Bekaert SA (BEKAY) focuses on strategic growth and shareholder returns with a proposed dividend increase and strong cash flow. Bekaert - Update on the Share Buyback Program and the Liquidity Agreement Update on the Share Buyback Program and the Liquidity Agreement Update on the Share Buyback ProgramBekaert announces today that it has completed the first tranche of its € 200 million share buyback program. During the tranche, which started on 22 November 2024 and ended on 21 February 2025, the company repurchased 750 093 ordinary shares for an aggregate consideration of € 25 million. During the period from 20 February 2025 to 21 February 2025, Kepler Cheuvreux SA on behalf of Bekaert has bought Bekaert: 2024 Full Year Results 2024 Full year results Resilient delivery in challenging business environment Proposed dividend of € 1.90 (+6%) and ongoing € 200 million share buyback Bekaert delivered a resilient financial performance in 2024, with stable profit margins (EBITu margin at 8.8%) and robust cash flows (Free Cash Flow of € 193 million). Despite lower volumes and weaker conditions in many of its end markets, the business continues to benefit from the successful execution of Bekaert’s strategy of portfolio rationali Bekaert announces the sale of its Steel Wire Solutions businesses in Costa Rica, Ecuador, and Venezuela Bekaert announces the sale of its Steel Wire Solutions businesses in Costa Rica, Ecuador, and Venezuela Bekaert today announces it has reached an agreement on the sale of its Steel Wire Solutions businesses in Costa Rica, Ecuador, and Venezuela to Grupo AG. This transaction values the underlying entities at a consolidated enterprise value of approximately US$ 73 million and is expected to result in net proceeds for Bekaert of approximately US$ 37 million. The transaction is expected to close in 3 Dividend Stocks Yielding Up To 7.2% In a week marked by volatility, global markets experienced mixed outcomes as the U.S. Federal Reserve held interest rates steady while the European Central Bank opted for a rate cut, influencing investor sentiment across regions. Amidst these economic shifts and competitive pressures in technology sectors, dividend stocks remain an attractive option for investors seeking income stability and potential growth within their portfolios. 3 Dividend Stocks Offering Yields Up To 9.8% For Your Income Portfolio As global markets experience a mixed bag of economic indicators, with U.S. consumer confidence dipping and European stocks seeing modest gains, investors are navigating an environment marked by cautious optimism and potential volatility. Amid these shifting dynamics, dividend stocks can offer a stable income stream, making them an attractive option for those looking to balance growth with reliable returns in their portfolios. Top Dividend Stocks Including NV Bekaert And Two Others As global markets navigate a period of mixed economic signals, with U.S. indexes nearing record highs and geopolitical tensions influencing investor sentiment, the focus on stable income sources like dividend stocks becomes increasingly relevant. In this context, identifying strong dividend-paying companies such as NV Bekaert can provide investors with potential opportunities for steady returns amidst fluctuating market conditions. Bekaert - Update on the Liquidity Agreement Update on the Liquidity Agreement Period from 14 November 2024 to 20 November 2024 Liquidity agreement In relation to the renewed liquidity agreement with Kepler Cheuvreux announced on 25 June 2024, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 7 533 shares during the period from 14 November 2024 to 20 November 2024 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 8 100 shares on Euronext Brussels. The tables below provi Bekaert - Update on the Share Buyback Program Bekaert starts Share Buyback Program Following the release of Bekaert’s trading update for the nine months to September 2024, and the announcement that its Board has approved a new share buyback program for a total amount of up to € 200 million over a period of up to 24 months (the “Program”), Bekaert today announces the start of a tranche of the Program to purchase an aggregate amount of up to € 25 million (the “Tranche”). This Tranche will end on or before 21 February 2025. As announced previo Bekaert: Trading update for the nine months to September 2024 Trading update for the nine months to September 2024 Taking actions to address weaker end market conditions; share buyback restarted Bekaert has delivered a sales performance of € 3 016 million in the first nine months of 2024 (-10% against the same period in 2023). Sales were impacted by lower volumes (-4%) and the reversal of raw material cost inflation and energy surcharges in previous periods (-5%). Bekaert remains very focused on extracting further cost efficiencies, maintaining margins and Bekaert: 2024 Half Year Results Strategic progress and financial resilience delivers improved profit margins Sales at € 2.1 billion • EBITu of € 204 million (margin 9.9%) • EPSu of € 3.04 • Free Cash Flow of € 43 million • ROCEu 18.5% • Net debt/EBITDAu of 0.7x Bekaert delivered another period of improving profit margins and solid cash flow generation in line with expectations, managing the challenges of weaker end markets and lower volumes. Whilst the operational performance was mixed in certain business areas and there were Rezolv Energy signs 10-year VPPA with Bekaert in Romania Bekaert will procure 100GWh of renewable power annually from the VIFOR wind farm. Correction to the press release ‘Bekaert to implement liquidity agreement with Kepler Cheuvreux’ of 25 June 2024 Correction to the press release ‘Bekaert to implement liquidity agreement with Kepler Cheuvreux’ of 25 June 2024 Average closing share price has been corrected. Bekaert announces that it has entered today into a liquidity agreement with Kepler Cheuvreux in relation to its ordinary shares admitted to trading on Euronext Brussels (ISIN Code BE0974258874). This liquidity agreement provides for the purchase and sale of Bekaert shares by Kepler Cheuvreux on the regulated market of Euronext Brussels a Bekaert to implement liquidity agreement with Kepler Cheuvreux Bekaert to implement liquidity agreement with Kepler Cheuvreux Bekaert announces that it has entered today into a liquidity agreement with Kepler Cheuvreux in relation to its ordinary shares admitted to trading on Euronext Brussels (ISIN Code BE0974258874). This liquidity agreement provides for the purchase and sale of Bekaert shares by Kepler Cheuvreux on the regulated market of Euronext Brussels and with the purpose of supporting the liquidity of the Bekaert shares. Kepler Cheuvreux will be ac Bekaert: General Meetings of Shareholders General Meetings of Shareholders - Approval of a gross dividend of € 1.80- Approval of the proposed reappointments On Wednesday 8 May 2024, Bekaert’s Annual General Meeting of Shareholders took place chaired by Jürgen Tinggren, Chairman of the Board of Directors. The following main subjects were considered. The meeting approved the balance sheet and the income statement per 31 December 2023, as submitted by the Board of Directors, including the distribution of a gross dividend of € 1.80 per shar Bekaert: Trading update for the three months to March 2024 Trading update for the three months to March 2024 Solid start to the year, with trading in line with expectations for the full year 2024 Bekaert has started the year well and in line with expectations. Whilst Q1 2023 provides a tough comparison benefiting from customer restocking in China, foreign exchange tailwinds and the priced-in higher raw material and energy costs, Bekaert has delivered in the first three months of 2024 consolidated sales of € 1 025 million (-14% against the same period in Performance Overview Trailing total returns as of 2/28/2025, which may include dividends or other distributions. Benchmark is BEL 20 Return BEKAY BEL 20 YTD -0.43% +4.60% 1-Year -20.51% +19.58% 3-Year +54.39% +8.85%