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 (BELFA) designs and manufactures critical electronic components for industries including computing, telecommunications, and aerospace. This page serves as a centralized hub for all official company news and press releases, providing stakeholders with timely updates on corporate developments.
Investors and industry professionals will find comprehensive coverage of earnings announcements, product innovations, strategic partnerships, and regulatory filings. The curated collection ensures easy access to both current events and historical data for informed decision-making.
Key content categories include quarterly financial results, executive leadership changes, technological advancements, and market expansion initiatives. Each update is sourced directly from company communications to maintain accuracy and reliability.
Bookmark this page for streamlined tracking of Bel Fuse's operational milestones and industry positioning. Check back regularly to stay informed about developments impacting the company's performance and sector influence.
Bel Fuse Inc. (Nasdaq: BELFA and BELFB) has appointed Suzanne Kozlovsky as Global Head of People, a new executive position aimed at enhancing associate engagement, talent retention, and compensation strategies. Kozlovsky previously served as Vice President of Human Resources at Prinova and has a strong track record of cultural transformation in organizations recognized as best workplaces. CEO Daniel Bernstein emphasized that this role represents a significant investment in the company's workforce, aligning with ongoing cultural transformation efforts to foster a supportive work environment.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) announced its participation in several upcoming November conferences. CFO Farouq Tuweiq and Director of Financial Reporting Lynn Hutkin will present and meet with investors at:
- Sidoti November Micro-Cap Virtual Conference on November 9 at 9:15 AM ET.
- Baird 2022 Global Industrial Conference on November 10 at 9:40 AM CT in Chicago.
- Stephens Annual Investment Conference on November 15 in Nashville.
- East Coast IDEAS Conference on November 17 at 11:00 AM CT in Dallas.
Investor presentations will be available on the company’s website.
BEL FUSE INC. (NASDAQ:BELFA, BELFB) has declared quarterly cash 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 paid on February 1, 2023, to shareholders on record as of January 13, 2023. The company has approximately 12,480,000 shares outstanding, consisting of 2,142,000 Class A and 10,338,000 Class B shares.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) reported strong preliminary financial results for Q3 2022. Net sales reached $177.7 million, a 20.9% increase from Q3 2021. Gross profit margin improved to 29.0%, and net earnings surged to $16.5 million compared to $5.7 million last year. Adjusted EBITDA also saw a significant rise, up 115% to $27.3 million, with quarterly bookings of $180 million driving a backlog of $583 million. The company announced various consolidation initiatives aimed at improving operational efficiency.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) plans to release preliminary financial results for the third quarter on October 26, 2022, after market close. An earnings conference call is scheduled for October 27, 2022, at 8:30 a.m. ET. Investors can join via phone or online. A replay will be available for 20 days after the call. Bel Fuse designs and manufactures products that power, protect, and connect electronic circuits across various industries, including telecommunications and military sectors.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) will present at the Midwest IDEAS Investor Conference on August 25, 2022, at 8 AM Central Time in Chicago, IL. CFO Farouq Tuweiq and Director of Financial Reporting Lynn Hutkin will lead the presentation, which will be available for webcasting on the conference's website and Bel's investor relations page. The IDEAS Conference aims to provide a platform for companies to showcase their investment potential to a select audience of professionals.
BEL FUSE INC. (NASDAQ:BELFA, BELFB) has declared quarterly cash dividends of $0.06 per share for Class A and $0.07 for Class B common shares. These dividends are payable on November 1, 2022 to shareholders recorded by October 14, 2022. With approximately 12.5 million common shares outstanding, including 2.14 million Class A and 10.34 million Class B shares, this announcement reflects the company's commitment to returning value to its shareholders.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) announced the retirement of Vice President of Asia Operations Raymond Cheung and Operations Director YK Tso, effective January 1, 2023, after decades of service. Kenneth Lai will succeed Cheung, bringing expertise in Lean methodology and operational improvement from his previous roles, including General Manager at Bel's facility in Gongming, China. CEO Daniel Bernstein expressed gratitude for Cheung and Tso's contributions and emphasized a smooth transition to strengthen future growth objectives.
Bel Fuse Inc. reported strong preliminary financial results for Q2 2022, with net sales of $170.6 million, a 22.9% increase from Q2 2021. The gross profit margin rose to 26.6% from 24.7% year-over-year, while net earnings surged to $17.0 million vs. $7.9 million in Q2 2021. Adjusted EBITDA reached $19.1 million, reflecting a 65% increase. Record bookings of $226 million led to a backlog of $580 million, up 24% from the previous year-end.
The company remains optimistic about future growth, focusing on higher-margin revenue and operational efficiencies.
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