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Bel Fuse Inc. - BELFB STOCK NEWS

Welcome to our dedicated page for Bel Fuse news (Ticker: BELFB), a resource for investors and traders seeking the latest updates and insights on Bel Fuse stock.

Bel Fuse Inc, established in 1949, is a leading designer and manufacturer of electronic components that power, protect, and connect electronic circuits. The company's product portfolio includes magnetic solutions, power solutions & protection, and connectivity solutions, catering to a wide range of industries such as computer, networking, telecommunications, transportation, defense/aerospace, automotive, medical, and consumer electronics. Bel operates globally, with a strong track record of technical innovation and strategic partnerships, making it a valuable supplier in the electronics industry.

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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).

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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.

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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.

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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.

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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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Bel Fuse Inc. (Nasdaq: BELFA and BELFB) reported its first quarter 2024 results with net sales of $128.1 million, gross profit margin of 37.5%, net earnings of $15.9 million, and adjusted EBITDA of $24.5 million. Despite lower sales volume, the company achieved higher profitability within the expected range. The Connectivity segment performed well, while the Magnetics business faced challenges due to inventory issues. The company anticipates second quarter net sales between $125 to $135 million with gross margins of 34-36%.
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Bel Fuse Inc. (BELFA) to release preliminary financial results for the first quarter on April 25, 2024, with an earnings conference call scheduled for April 26, 2024. Details of the call and replay options provided.
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Bel Fuse Inc. announces the retirement of John Tweedy from the Board and the nomination of David Valletta, former Executive Vice President of Worldwide Sales at Vishay Intertechnology, to join the Board in 2024. Valletta brings over 40 years of sales and growth experience in the electronic components industry.
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Bel Fuse Inc. (BELFA) announces participation in the 36th Annual Roth Conference with CFO Farouq Tuweiq. The conference will take place on March 19 in Laguna Niguel.
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BEL Fuse Inc. declares regular quarterly cash dividends of $0.06 per share for Class A common shares and $0.07 per share for Class B common shares. The dividends will be payable on May 1, 2024, to shareholders of record on April 15, 2024. Bel currently has 12,762,000 common shares outstanding, with 2,142,000 Class A shares and 10,620,000 Class B shares.
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FAQ

When was Bel Fuse Inc founded?

Bel Fuse was founded in 1949.

What are the primary product categories of Bel Fuse Inc?

Bel's product portfolio includes magnetic solutions, power solutions & protection, and connectivity solutions.

In which industries does Bel Fuse Inc operate?

Bel operates in industries such as computer, networking, telecommunications, transportation, defense/aerospace, automotive, medical, and consumer electronics.

What is the geographical segmentation of Bel Fuse Inc?

Bel's geographical segments include the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and other foreign countries.

What is the latest news about Bel Fuse Inc?

Bel announced the nomination of David Valletta to join the Board, bringing over 40 years of sales experience in the electronic components industry.

What is the financial performance of Bel Fuse Inc in Q1 2024?

Bel reported sustained gross margin performance with sales in the expected range and provided Q2-24 sales and gross margin guidance.

Bel Fuse Inc.

Nasdaq:BELFB

BELFB Rankings

BELFB Stock Data

839.35M
10.50M
2.26%
74.7%
2.94%
Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing
Manufacturing
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United States of America
GOLDEN VALLEY