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.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Bel Fuse (BELFB) achieves record-breaking 2022 performance, eyes growth in aerospace and e-mobility

Bel Fuse (BELFB) concluded a record-breaking year with strong financial performance in 2022, focusing on margin improvement and operational restructuring. The company aims to address challenges like supply chain disruptions and inflationary pressures while capitalizing on growth prospects in key markets for 2023.

Bel Fuse achieves record Q1 performance, eyes military and aerospace growth

Bel Fuse delivered a standout Q1 performance with record sales and profitability, setting a strong foundation for the year ahead. Despite challenges in the Magnetic group, the company's strategic initiatives and focus on key growth areas bode well for continued success. With an optimistic outlook and proactive market approach, Bel Fuse is poised for further growth and expansion.

Bel Fuse reports strong Q2 sales growth and margin improvement

Bel Fuse delivered a solid performance with notable sales growth in key segments and continued gross margin improvement.
While facing challenges such as declining sales in Magnetic Solutions and increased SG&A expenses, the company maintains financial stability.
Opportunities lie in leveraging strong sales performance, focusing on operational efficiency, and capitalizing on the backlog for future growth.
Overall, Bel Fuse's strategic initiatives position it well for navigating challenges and seizing opportunities in the evolving market landscape.

Bel Fuse (BELFB) reports robust Q3 earnings and strategic growth outlook

Bel Fuse (BELFB) delivered a strong performance in Q3 2023, showcasing growth and improved profitability across key product segments.
The company's focus on operational efficiency, cash management, and sales guidance for Q4 reflects a proactive and strategic approach.
While facing challenges in certain product groups, Bel Fuse has opportunities to capitalize on market expansion and optimize profitability.
Overall, Bel Fuse's Q3 earnings call highlights a resilient business outlook with a solid foundation for future growth and success.

Bel Fuse reports record cash flow and strategic growth plans

Bel Fuse's 75th year in business marked by improved profitability and efficiency gains. Despite challenges in certain segments, the company maintains a strong cash position and strategic focus on niche markets. Uncertainty persists regarding the timing of a rebound, but Bel Fuse remains optimistic about future growth.

Bel Fuse reports mixed Q1 results, eyes growth in space

Bel Fuse's Q1 performance showed mixed results with strong margins offsetting segment softness. Challenges include inventory issues and sales decline in certain segments. The company is focusing on growth opportunities in space and new product development to drive future performance.

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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.

Shares of Bel Fuse (NASDAQ:BELFB) moved higher by 0.6% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 20.69% over the past year to ($0.23), which missed the estimate of $0.06.

Recap: Bel Fuse Q1 Earnings

JERSEY CITY, N.J., May 03, 2021 (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 preliminary financial results for the first quarter of 2021.

Bel Reports First Quarter 2021 Results

Conference Call Scheduled for 11:00 AM ET Conference Call Scheduled for 11:00 AM ET

Bel Will Report First Quarter 2021 Results on May 3, 2021

JERSEY CITY, N.J., March 31, 2021 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that it has closed on its previously announced acquisition of EOS, of Mumbai, India, effective March 31, 2021. Consideration of $7 million, was funded with cash on hand.

Bel Announces Closing Acquisition of EOS

JERSEY CITY, N.J., March 11, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Bel BELFB today announced that Lynn Hutkin (Director of Financial Reporting), Farouq Tuweiq (CFO), Pete Bittner (President, Cinch Connectivity Solutions) will be attending the Q1 Virtual Investor Summit.

Bel to Present at the Q1 Virtual Investor Summit

Bel Fuse Inc. (BELFB) CEO Dan Bernstein on Q4 2020 Results - Earnings Call Transcript

JERSEY CITY, N.J., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2020.

Bel Reports Fourth Quarter and Full Year 2020 Results

Bel Will Report Fourth Quarter and Full Year 2020 Results on February 18, 2021

JERSEY CITY, N.J., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company has acquired rms Connectors, Inc. (“rms Connectors”), from rms Company Inc., a division of Cretex Companies, Inc. rms Connectors is a highly regarded connector manufacturer with over 30 years of experience producing harsh environment circular connectors used in a variety of Military and Aerospace applications. With Bel working closely with Cretex, we were able to move from letter of intent to a definitive purchase agreement in less than two months over the holiday season. This marks Bel's second acquisition announcement this week.

Bel Acquires rms Connectors, Inc.

JERSEY CITY, N.J., Jan. 12, 2021 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company has entered into an agreement (the “Agreement”) with EOS Power Panama Inc. to acquire substantially all of the issued and outstanding shares of EOS Power India Private Ltd.. The Agreement calls for the assumption of certain liabilities and is subject to closing working capital adjustments. Based in Mumbai, India, the EOS business had trailing twelve-month sales of approximately $15 million, and manufactures power products that are well known in the market and the distribution channels.

Bel Announces Agreement to Purchase EOS Power

JERSEY CITY, N.J., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that Farouq Tuweiq has been named Chief Financial Officer of Bel Fuse Inc., effective February 15, 2021.

Bel Fuse Appoints Farouq Tuweiq, Former Investment Banker, as Chief Financial Officer

JERSEY CITY, N.J., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that management will participate in the 23rd Annual Needham Growth Conference being held virtually on January 11-15, 2021. Daniel Bernstein, Chief Executive Officer, Craig Brosious, VP of Finance, Lynn Hutkin, Director of Financial Reporting, and Dennis Ackerman, President of Bel's Power Solutions and Protection group, will be available for meetings for the entirety of January 15.

Bel to Participate in 23rd Annual Needham Growth Conference Being Held Virtually on January 11-15, 2021

JERSEY CITY, N.J., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company will participate in the Sidoti & Co. Virtual Micro Cap Conference on November 19, 2020.  Dennis Ackerman, President of Bel's Power Solutions group, Craig Brosious, Vice President of Finance, and Lynn Hutkin, Director of Financial Reporting will be available for the entirety of the day to provide interested investors an update on the company's financial progress and future growth opportunities.

Bel Announces Participation in Sidoti & Co. Virtual Micro Cap Conference on November 19, 2020

Bel Fuse Inc. (BELFB) CEO Dan Bernstein on Q3 2020 Results - Earnings Call Transcript

JERSEY CITY, N.J., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that Sherry Urban, a seasoned HR manager with over 30 years of corporate HR experience, has been appointed VP of Human Resources for Bel Fuse Inc. She is a certified member of HRCI and is also active with SHRM, a Washington-based think tank for HR professionals.

Bel Appoints Sherry Urban VP of Human Resources for Bel Fuse Inc.

  Shares of Bel Fuse (NASDAQ:BELFB) were unchanged after the company reported Q3 results.

Bel Fuse: Q3 Earnings Insights

Bel Will Report Third Quarter 2020 Results on October 30, 2020

Bel Fuse Inc. (BELFB) CEO Dan Bernstein on Q2 2020 Results - Earnings Call Transcript

JERSEY CITY, N.J., July  31, 2020  (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 preliminary financial results for the second quarter of 2020.

Bel Reports Second Quarter 2020 Results

Bel Will Report Second Quarter 2020 Results on July 31, 2020

Bel Fuse's (BELFB) CEO Dan Bernstein on Q1 2020 Results - Earnings Call Transcript

JERSEY CITY, N.J., Feb.  25, 2020  (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's (BELFB) CEO Dan Bernstein on Q4 2019 Results - Earnings Call Transcript

JERSEY CITY, N.J., Feb.  19, 2020  (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that Thomas E. Dooley and Dr. Rita Smith have been appointed to Bel’s Board of Directors.  Bel also announced that Robert H. Simandl and Norman Yeung have retired from Bel’s board effective today.  Mr. Simandl served on Bel’s board since 1967 and was additionally a committee member on Bel’s Executive and Nominating committees.  Mr. Yeung was a member of Bel’s board since 2013.

Bel Appoints Thomas E. Dooley and Dr.

JERSEY CITY, N.J., Dec.  03, 2019  (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company has closed on its previously-announced asset purchase agreement (the “Agreement”) with CUI Global Inc. (Nasdaq:CUI) related to the purchase of the majority of the power business of CUI Inc.

News for Bel Fuse Stock (BELFB)