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 (NASDAQ: BELFB) is described in its public communications as a designer, manufacturer and provider of products that power, protect and connect electronic circuits. The company’s news flow reflects its role as a global manufacturer serving networking, telecommunications, computing, general industrial, high-speed data transmission, defense, commercial aerospace, transportation, eMobility, medical, broadcasting, automotive and consumer electronics markets.
On this news page, readers can follow Bel Fuse announcements related to its three primary product groups: Power Solutions and Protection, Connectivity Solutions and Magnetic Solutions. Press releases often highlight how these product lines are performing across end markets such as defense and commercial aerospace, networking and distribution channels, and transportation and eMobility applications.
Bel Fuse’s news coverage also includes quarterly financial results, where the company reports net sales, gross margin and non-GAAP metrics such as Adjusted EBITDA, along with commentary on demand trends in key sectors. Earnings releases are typically accompanied by details of conference calls and webcasts. In addition, the company issues updates on investor conference participation, such as the Needham Growth Conference, the Baird Global Industrial Conference and the Midwest IDEAS Conference, which provide further insight into management’s messaging to the investment community.
Other notable news items include regular quarterly cash dividend declarations on the company’s Class A and Class B common shares, and disclosures about strategic actions such as the acquisition of Enercon and the minority investment in innolectric AG, a Germany-based eMobility technology company. Together, these updates help investors track Bel Fuse’s operational performance, capital allocation decisions, exposure to sectors like eMobility and defense, and its ongoing engagement with the capital markets.
Bel Fuse Inc. (NASDAQ:BELFA, BELFB) declared quarterly cash dividends of $0.06 per share for Class A and $0.07 per share for Class B common shares.
The dividends will be payable on July 30, 2021 to shareholders of record as of July 15, 2021.
Currently, Bel has approximately 12,346,000 common shares outstanding, with 2,145,000 Class A and 10,201,000 Class B common shares.
Bel Fuse Inc. reported preliminary financial results for Q1 2021, revealing net sales of $110.6 million, up 6.4% from Q1 2020. Gross profit was $24.3 million (21.9% of net sales), a decrease from last year's gross profit of $25.8 million (24.8%). The company achieved a GAAP net earnings of $3.2 million, significantly improving from a net loss of $(3.8) million in Q1 2020. Key contributors to earnings included a $6.2 million gain from the sale of a Hong Kong property and strong performance in the Power Solutions and Protection segments. The backlog of orders reached $264 million by the end of April 2021.
Bel Fuse Inc (Nasdaq:BELFA and Nasdaq:BELFB) will announce its preliminary financial results for the first quarter of 2021 before trading on May 3, 2021. A conference call is scheduled for 11:00 AM ET on the same day to discuss these results with investors. Participants can join by dialing the provided numbers or by accessing the webcast online. The call will also be available for replay for 20 days. Bel Fuse designs and manufactures products for various industries, including telecommunications and aerospace, emphasizing its broad product range.
Bel Fuse Inc has successfully completed its acquisition of EOS, based in Mumbai, India, for $7 million, effective March 31, 2021. EOS reported annual sales of approximately $12 million in 2020 and employs around 400 associates in a 56,000 square foot facility. This acquisition is expected to enhance Bel's presence in industrial and medical markets, providing new products and opportunities for supply chain efficiencies. CEO Dan Bernstein anticipates the acquisition will contribute positively to EBITDA starting in Q2 2021.
Bel (BELFB) has announced its participation in the upcoming Q1 Investor Summit, scheduled for March 23-25, 2021. Key executives, including Lynn Hutkin (Director of Financial Reporting), Farouq Tuweiq (CFO), and Pete Bittner (President, Cinch Connectivity Solutions), will present on March 25 at 1:30 PM ET. The summit will connect over 100 companies with more than 300 investors, focusing on smallcap and microcap opportunities. Registration for the event is available through their official website.
BEL FUSE INC. (NASDAQ:BELFA, BELFB) announced a quarterly cash dividend of $0.06 per share for Class A and $0.07 per share for Class B common shares. These dividends are payable on April 30, 2021, to shareholders on record as of April 15, 2021. The company has approximately 12,354,000 common shares outstanding, with 2,145,000 in Class A and 10,209,000 in Class B categories. Bel Fuse designs and manufactures products for various industries, including telecommunications, computing, and military.
Bel Fuse reported preliminary financial results for Q4 and full year 2020, showcasing a net sales increase of 0.9% to $116.1 million in Q4, with a significant gross profit margin rise to 25.3%. The company achieved net earnings of $3.6 million, contrasting with a loss of $(6.4) million in Q4-19. Full-year sales totaled $465.8 million, marking a 5.4% decline primarily due to a 60% drop in commercial aerospace sales. Adjusted EBITDA improved 24% to $32.3 million. The company also announced acquisitions of rms Connectors and EOS for $15.5 million, indicating potential growth plans.
Bel Fuse Inc (Nasdaq:BELFA, BELFB) will announce preliminary financial results for Q4 and full year 2020 on February 18, 2021. A conference call with President and CEO Daniel Bernstein and newly appointed CFO Farooq Tuweiq is scheduled for 11:00 AM ET. Investors can join by calling 800-430-8332 (international: 323-289-6581) or via live webcast. The results will cover performance across Bel's diverse product lines, which serve industries including telecommunications, military, and computing.
On January 13, 2021, Bel Fuse (Nasdaq:BELFA, BELFB) announced the acquisition of rms Connectors, enhancing its Military and Aerospace product portfolio. This strategic move adds the MIL-DTL-83723 Series III connector family, expanding Bel's offerings in Mil-Spec qualified connectors. The acquisition is expected to improve operational efficiency by leveraging shared manufacturing resources and a similar customer base. This marks Bel's second acquisition announcement within the same week, highlighting its growth strategy in the defense sector.
Bel Fuse Inc. (Nasdaq:BELFA, BELFB) has announced an agreement to acquire EOS Power India Private Ltd. from EOS Power Panama Inc., substantially all shares of which amount to about $15 million in sales. This move aims to enhance Bel's presence in industrial and medical markets, complementing its acquisition of CUI last year. The all-cash deal is set to close in Q1 2021 and will be funded from Bel's available cash and potentially from a revolving credit facility.
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