Welcome to our dedicated page for Bel Fuse news (Ticker: BELFA), a resource for investors and traders seeking the latest updates and insights on Bel Fuse stock.
Bel Fuse Inc (NASDAQ: BELFA) is described as a global manufacturer of products that power, protect and connect electronic circuits, and its news flow reflects activity across defense, commercial aerospace, networking, telecommunications, computing, industrial and transportation markets. The company regularly issues press releases on financial performance, capital allocation and participation in investor events, providing context for movements in BELFA stock.
On this news page, readers can follow updates on Bel’s quarterly results, including net sales trends, gross margin performance and commentary on demand in end markets such as defense, commercial aerospace, networking and distribution channels. The company also reports on items like gains on property sales, the use of non-GAAP financial measures and guidance ranges for upcoming quarters, as seen in its second and third quarter 2025 announcements.
Bel’s news coverage also includes information on its regular quarterly cash dividends on Class A and Class B common shares, as well as details on investor conference appearances at events hosted by firms such as Needham, Baird and others. These items highlight how management engages with the investment community and communicates its perspective on business conditions.
In addition, Bel has reported on matters such as an anticipated impairment charge related to its noncontrolling minority investment in innolectric AG, a Germany-based eMobility technology company. Such releases provide insight into the company’s exposure to specific markets and investments. Investors and followers of BELFA can use this page to review these developments in one place and track how Bel’s operations and strategic decisions are described in its own public statements.
Bel Fuse Inc. (NASDAQ: BELFA and BELFB) has announced its regular quarterly cash dividends. The company's Board of Directors declared dividends of $0.06 per share for Class A common shares and $0.07 per share for Class B common shares. These dividends will be payable on November 1, 2024, to shareholders of record as of October 15, 2024. Bel Fuse currently has approximately 12,549,000 common shares outstanding, consisting of 2,116,000 Class A common shares and 10,433,000 Class B common shares.
Bel Fuse (Nasdaq: BELFA, BELFB) announced its Q2 2024 financial results with net sales of $133.2 million, down from $168.8 million in Q2-23. The company reported a gross profit margin of 40.1%, compared to 32.9% in Q2-23. Net earnings were $18.8 million, a decrease from $27.8 million in the same quarter last year. Adjusted EBITDA stood at $27.4 million (20.6% of sales) versus $28.6 million (17.0% of sales) in Q2-23.
Bel repurchased 126,552 shares at a cost of $7.9 million. Q3 2024 guidance expects net sales between $118-$126 million and gross margins of 34-36%. CFO Farouq Tuweiq cited trade restrictions and continued softness in networking and distribution as factors affecting future performance. The company anticipates positive momentum towards the end of 2024.
Bel Fuse announced plans to release its second-quarter 2024 financial results on July 24, 2024, after market close. The company will hold an earnings conference call on July 25, 2024, at 8:30 a.m. ET to discuss these results. The call can be accessed via phone or online, with replay options available until August 25, 2024. This announcement will provide insights into the company's financial performance and potentially influence its stock performance (Nasdaq: BELFA).
Bel Fuse announced the retirement of Dennis Ackerman, President of Bel Power Solutions and Protection, effective July 31, 2024, after 37 years of service. Steve Dawson, currently Vice President of Marketing and Business Development for the Power segment, will succeed Ackerman starting July 1, 2024. Ackerman has substantially contributed to Bel since joining in 1986, holding various leadership roles and driving acquisitions and growth. CEO Daniel Bernstein commended Ackerman's dedication and expressed confidence in Dawson's ability to lead the segment to long-term success. Dawson brings over 25 years of experience in power and circuit protection, previously working with Cooper Industries, Power-One, and ABB.
Bel Fuse, a global manufacturer specializing in powering, protecting, and connecting electronic circuits, has announced its investor conference schedule for June 2024. The company, listed under the ticker symbols BELFA and BELFB on Nasdaq, will participate in three major events.
On June 4, 2024, CFO Farouq Tuweiq and VP of Financial Reporting & Investor Relations Lynn Hutkin will attend the Stifel Cross Sector Insight Conference at The InterContinental Boston. They will conduct meetings throughout the day.
On June 12, 2024, the same executives will represent Bel Fuse at the 14th Annual East Coast IDEAS Investor Conference, held at Jay Conference - Bryant Park, New York, presenting at 1:20 pm ET and conducting meetings throughout the day.
On June 25, 2024, they will participate in the Northland Growth Conference 2024, conducting virtual meetings throughout the day. Investor presentation decks and webcasts will be available on the company's website.
Bel Fuse Inc. (Nasdaq: BELFA and BELFB) announced its investor conference schedule for May 2024, including participation in the Oppenheimer 19th Annual Industrial Growth Conference and the Cowen 52nd Annual Technology, Media & Telecom Conference. The presentations will feature the company's CFO and VP Financial Reporting & Investor Relations. Investors can access the presentation decks and webcasts through the investor relations section of Bel Fuse's website.
Bel Fuse Inc. has announced a regular quarterly cash dividend on its Class A and Class B shares. The Board of Directors declared dividends of $0.06 per share for Class A and $0.07 per share for Class B. The dividends will be payable on August 1, 2024, to shareholders of record on July 15, 2024. Bel currently has approximately 12,620,000 common shares outstanding, with 2,124,000 being Class A shares and 10,496,000 being Class B shares.
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