Vistance Networks, Inc. reported second quarter 2026 financial results and announced the completion of its RUCKUS segment sale to Belden Inc. on July 1, 2026, for approximately $1.846 billion in cash. The company declared a special distribution of $5.00 per share to be paid by the end of August 2026. For the quarter ended June 30, 2026, net sales decreased 1.4% year-over-year to $319.6 million, while GAAP income from continuing operations increased to $26.1 million ($0.06 per diluted share) compared to $5.9 million in the prior year period. Core non-GAAP adjusted EBITDA declined 43.3% to $45.5 million due to memory chip pricing challenges and stranded costs associated with divestitures. The company expects full-year adjusted EBITDA of $200 to $225 million, down $25 million from previous guidance. Vistance Networks operates in the communications technology industry, providing intelligent network solutions.

Vistance Networks announced a one-time special cash distribution of $5.00 per share on August 6, 2026, funded by proceeds from the July 1 sale of its Ruckus Networks business to Belden Inc. The payment is scheduled for August 27, 2026, to shareholders of record as of August 17, 2026, with an ex-dividend date of August 28, 2026. Concurrently, director Joanne M. Maguire retired effective immediately, reducing the Board size to seven members and prompting the appointment of Thomas J. Manning to the Nominating & Corporate Governance Committee. Vistance Networks operates in the communications technology industry, providing intelligent network solutions.

Vistance Networks, Inc. completed the sale of its RUCKUS reporting segment to Belden, Inc. on July 1, 2026, pursuant to a Purchase Agreement dated April 29, 2026. The company provided unaudited pro forma condensed consolidated financial statements reflecting the disposition. Vistance Networks operates in the telecommunications industry, providing networking equipment and services.

Vistance Networks, Inc. completed the sale of its RUCKUS reporting segment to Belden Inc. on July 1, 2026, for $1.846 billion in cash, on a cash-free, debt-free basis. Vistance Networks, Inc. operates in the telecommunications industry and provides networking-related reporting segments.