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. designs, manufactures, and markets electronic components, systems, and solutions that power, protect, and connect electronic circuits. The company serves aerospace, defense, industrial, data-driven, networking, telecommunications, computing, transportation, e-Mobility, medical, broadcasting, automotive, and consumer electronics markets through power solutions and protection, connectivity solutions, and magnetic solutions.
Bel Fuse news regularly covers operating results, conference participation, cash dividends on Class A and Class B common shares, product-portfolio expansion, and organizational changes. Recent company developments include the completed acquisition of dataMate, an advanced ethernet and broadband business, and a segment realignment into Aerospace, Defense & Rugged Solutions and Industrial Technology & Data Solutions.
Bel Fuse Inc (Nasdaq: BELFA, BELFB) announced participation in three upcoming investor conferences in June. CFO Farouq Tuweiq and Director of Financial Reporting Lynn Hutkin will present at the Cowen 50th Annual Technology, Media and Telecom Conference on June 1 at 3:20 PM ET, the Stifel 2022 Cross Sector Insight Conference on June 8 at 1:50 PM ET, and the East Coast IDEAS Conference virtually on June 22 at 6:00 AM ET. The investor presentation will be available on Bel's investor relations webpage.
BEL FUSE INC. (NASDAQ:BELFA, BELFB) announced a clarification regarding its dividend declaration dated May 4, 2022. The cash dividends for Class A and Class B shares were reaffirmed at $0.06 and $0.07 per share, respectively. The payment date is set for August 1, 2022, with a record date of July 15, 2022. The company has approximately 12.5 million shares outstanding, with 2.1 million Class A shares and 10.4 million Class B shares.
Bel Fuse Inc. (NASDAQ:BELFA, BELFB) has declared quarterly cash dividends of $0.06 for Class A shares and $0.07 for Class B shares. These dividends are payable on July 15, 2022, to shareholders on record by August 1, 2022. The company has approximately 12.5 million common shares outstanding, including 2.145 million Class A and 10.373 million Class B shares. Bel specializes in designing and manufacturing products for various sectors, including telecommunications, automotive, and consumer electronics.
Bel Fuse reported strong preliminary financial results for Q1 2022, with net sales of $136.7 million, a 23.6% increase year-over-year. The company achieved a gross profit margin of 25.0%, up from 21.9% in Q1 2021, and net earnings increased to $5.1 million from $3.2 million in Q1 2021. Adjusted EBITDA surged to $11.6 million, reflecting a 3.7x increase. A backlog of orders reached $525 million, marking a 12% rise since December 2021. Overall, all business units showed robust performance amidst strong demand and strategic pricing initiatives.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) has appointed Sabine Mühlberger as the new EMEA Sales Director, based in Germany. Mühlberger brings over eight years of experience from Molex, where she held significant roles, including Distribution Manager for the DACH region. CEO Daniel Bernstein expressed confidence in her leadership abilities to enhance Bel's presence in the European market. Mühlberger aims to leverage Bel's diverse portfolio to expand market share. The company thanks Paul Ochmann for his long-term contributions as he transitions into retirement.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) announced plans to release preliminary financial results for the first quarter on April 27, 2022, after market close. A conference call is scheduled for April 28, 2022, at 8:30 a.m. ET, where investors can dial in for updates. Bel Fuse, known for its products that power, protect, and connect electronic circuits across various industries, continues to operate globally, focusing on innovative solutions that cater to networking, telecommunications, and more.
Bel Fuse Inc. (Nasdaq: BELFA and BELFB) will participate in the Sidoti Spring Virtual Investor Conference on March 23-24, 2022. CFO Farouq Tuweiq and Director of Financial Reporting Lynn Hutkin will discuss business updates aimed at improving customer service and enhancing margins. The presentation starts at 10:45 AM ET on March 23. One-on-one meetings with investors will also take place on these dates. Registration for the conference is free, and a live presentation can be viewed on the Bel Fuse website.
Bel Fuse Inc. (NASDAQ:BELFA, BELFB) announced a quarterly cash dividend of $0.06 per share for Class A shares and $0.07 per share for Class B shares. The dividends are payable on April 29, 2022, to shareholders on record by April 15, 2022. Bel has about 12.5 million common shares outstanding, with approximately 2.1 million Class A and 10.4 million Class B shares. The company specializes in manufacturing products for various industries including telecommunications and aerospace.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) reported strong preliminary financial results for Q4 and the full year of 2021. Q4 net sales reached $147.1 million, a 26.7% increase from Q4 2020. Gross profit margin improved to 26.7%, while net earnings surged to $8.0 million. The full year net sales were $543.5 million, up 16.7%, with an adjusted EBITDA of $42.8 million, up 33%. Bel ended 2021 with a backlog of orders exceeding $468 million, reflecting a 200% increase. The company cites strong demand across its business units and strategic pricing adjustments amid supply chain challenges.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) announced it will release preliminary financial results for Q4 and the full year of 2021 after market close on February 24, 2022. A conference call is scheduled for February 25, 2022, at 8:30 a.m. ET, providing an opportunity for investors to discuss earnings results. The company designs and manufactures products that power and protect electronic circuits, serving various industries including telecommunications and aerospace.