Bel Fuse

Bel Fuse, Inc. engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions, and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.

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Bel Fuse, Inc. engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions, and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in West Orange, NJ.

Acquired 80% Stake Upfront with Intent to Purchase Remaining 20% by Early 2027 Acquired 80% Stake Upfront with Intent to Purchase Remaining 20% by Early 2027

Bel Closes Its Previously Announced Acquisition of Enercon Technologies

WEST ORANGE, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- BEL FUSE INC. (NASDAQ:BELFA) and (NASDAQ:BELFB) today announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares.

Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares

Bel Fuse Inc. (BELFB) Q3 2024 Earnings Call Transcript

Sales and Gross Margin Percentage Above Mid-Point of Expected Ranges Provides Q4-24 Sales and Gross Margin Guidance

Bel Reports Third Quarter 2024 Results

WEST ORANGE, N.J., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), today announced its appointment of Uma Pingali as Global Head of Sales and Marketing, a newly created role. With over 30 years of management experience in global sales, marketing, business development within the electronic industry, Uma is uniquely positioned to lead and accelerate Bel's sales and marketing organizations. His experience with integrating various sales teams that have joined via acquisitions will be very helpful for Bel with our history of acquisitions.

Bel Announces Appointment of Umasankar (‘Uma”) Pingali as Global Head of Sales and Marketing

WEST ORANGE, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the third quarter after market close on Wednesday, October 23, 2024. An earnings conference call has been scheduled as follows:

Bel Fuse Schedules Third Quarter 2024 Financial Results Conference Call

Significantly expands Bel's presence in the higher-margin Aerospace & Defense markets, enhancing our financial profile, expanding our product portfolio and diversifying our customer base Significantly expands Bel's presence in the higher-margin Aerospace & Defense markets, enhancing our financial profile, expanding our product portfolio and diversifying our customer base

Bel Announces Agreement to Acquire Enercon Technologies

Bel Fuse remains undervalued compared to peers, with improved margins and a strong balance sheet, making it a solid opportunity. The company's focus on niche markets and profitability, led by CFO Farouq Tuweiq, has driven significant margin improvements and debt reduction. Share repurchases have reduced outstanding shares, enhancing EPS growth potential, with a continued trend expected.

Bel Fuse: Still Undervalued, Even After The Stock's Strong Run

Bel Fuse Inc reported Q2 earnings with a revenue decline of 21% y/y but beat EPS estimates significantly. Despite struggling top-line performance, the company improved efficiency and profitability, maintaining a strong moat with ROTC around 13%. Inventory issues persist, leading to a downgrade to a hold rating, with uncertainties in the market causing further volatility.

Bel Fuse Stock: Inventory Issues Persist (Rating Downgrade)

WEST ORANGE, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- BEL FUSE INC. (NASDAQ:BELFA) and (NASDAQ:BELFB) today announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares.

Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares

Continued Gross Margin Performance with Sales Above Mid-Point of Expected Range Provides Q3-24 Sales and Gross Margin Guidance

Bel Reports Second Quarter 2024 Results

WEST ORANGE, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the second quarter after market close on Wednesday, July 24, 2024. An earnings conference call has been scheduled as follows:

Bel Fuse Schedules Second Quarter 2024 Financial Results Conference Call

WEST ORANGE, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today confirmed consistent with prior announcements that Dennis Ackerman will retire from the Company effective July 31, 2024 after 37 years of service, having served as President of Bel Power Solutions and Protection since 2014. As previously announced, Steve Dawson, who most recently served as Vice President of Marketing and Business Development for the Power segment, has been named to succeed Mr. Ackerman. His appointment as the new President of Bel Power Solutions and Protection is effective July 1, 2024.

Bel Announces Retirement of Dennis Ackerman; Steve Dawson Appointed as President of Bel's Power and Protection Segment

WEST ORANGE, N.J., May 31, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced its investor conference schedule for June 2024:

Bel Fuse Announces Upcoming Investor Conference Schedule for June 2024

WEST ORANGE, N.J., May 03, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced its investor conference schedule for May 2024:

Bel Fuse Announces Upcoming Investor Conference Schedule for May 2024

Bel Fuse Inc. (NASDAQ:BELFB ) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants Jean Marie Young - Managing Director, Three Part Advisors Daniel Bernstein - President and Chief Executive Officer Lynn Hutkin - Vice President of Financial Reporting and Investor Relations Farouq Tuweiq - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research James Ricchiuti - Needham & Company Hendi Susanto - Gabelli Funds Robert Brooks - Northland Capital Markets Operator Good morning and welcome to the Bel Fuse First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Bel Fuse Inc. (BELFB) Q1 2024 Earnings Call Transcript

Sustained Gross Margin Performance with Sales in Expected Range Provides Q2-24 Sales and Gross Margin Guidance Sustained Gross Margin Performance with Sales in Expected Range Provides Q2-24 Sales and Gross Margin Guidance

Bel Reports First Quarter 2024 Results

WEST ORANGE, N.J., April 11, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the first quarter after market close on Thursday, April 25, 2024. An earnings conference call has been scheduled as follows:

Bel Fuse Schedules First Quarter 2024 Financial Results Conference Call

Bel plans to nominate David Valletta to join the Board, Former Executive Vice President of Worldwide Sales at Vishay Intertechnology Bel plans to nominate David Valletta to join the Board, Former Executive Vice President of Worldwide Sales at Vishay Intertechnology

Bel Director John Tweedy to Retire from the Board and Not Stand for Re-election at the 2024 Annual Meeting

WEST ORANGE, N.J., March 05, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced the following conference participation:

Bel Fuse Announces Participation in the Roth Conference

Bel Fuse Inc. designs, manufactures, and supplies electronic solutions for various industries, with its Power Solutions & Protection segment being the main revenue contributor. The company's specialized divisions, such as Cinch Connectivity Solutions and Bell Power Solutions, are positioned to capitalize on emerging technologies like AI and EVs. BELFB's strong B2B customer base and product diversity across various sectors mitigate risks and promise steady revenue streams.

Bel Fuse's Recent Selloff Is An Investment Opportunity

Bel Fuse (NASDAQ: BELFB ) stock is sliding lower on Thursday after the data transmission technology company released its earnings report for the fourth quarter of 2023. The bad news for BELFB stock starts with the company's adjusted earnings per share of $1.23.

Why Is Bel Fuse (BELFB) Stock Down 17% Today?

WEST ORANGE, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2023.

Bel Reports Fourth Quarter and Full Year 2023 Results

WEST ORANGE, N.J., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the fourth quarter after market close on Wednesday, February 21, 2024. An earnings conference call has been scheduled as follows:

Bel Fuse Schedules Fourth Quarter 2023 Financial Results Conference Call

WEST ORANGE, N.J., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect, and connect electronic circuits, is pleased to announce a significant leadership change with the appointment of Steve Dawson as the new President of Bel Power Solutions and Protection, effective July 2024. Dawson will succeed Dennis Ackerman, who has played a pivotal role in the company's growth and success the past 37 years.

News for Bel Fuse Stock (BELFA)