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) 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.
Bel Fuse Inc. announced the appointment of Farouq Tuweiq as Chief Financial Officer, effective February 15, 2021. CEO Daniel Bernstein praised Tuweiq's extensive experience in acquisitions and finance, emphasizing his role in enhancing the company's growth strategy and unlocking shareholder value. Tuweiq's background includes leading the Industrial Technology Investment Banking practice at BMO Capital Markets and prior roles at Schneider Electric and Ernst and Young. With a strong academic foundation, Tuweiq is expected to positively influence Bel's financial and operational strategies.
Bel Fuse, a leading supplier of products that power and protect electronic circuits, will participate in the 23rd Annual Needham Growth Conference virtually from January 11-15, 2021. Key executives, including CEO Daniel Bernstein, will be available for one-on-one meetings on January 15. A group presentation will occur at 1:15 PM (Eastern Time) on the same day, accessible through Bel's website. The company designs and manufactures products for various industries, including telecommunications and military, operating globally.
Bel Fuse Inc (Nasdaq:BELFA and Nasdaq:BELFB) announced participation in the Sidoti & Co. Virtual Micro Cap Conference on November 19, 2020. Key executives, including Dennis Ackerman, Craig Brosious, and Lynn Hutkin, will be available for investor discussions throughout the day. A group presentation is scheduled for 10:00 AM ET, accessible via webcast through Bel's investor relations page. Bel specializes in products that power, protect, and connect electronic circuits, serving industries like telecommunications and aerospace.
BEL FUSE INC. (NASDAQ:BELFA, BELFB) has declared quarterly cash dividends of $0.06 per share for Class A and $0.07 per share for Class B common shares. The dividends are payable on February 1, 2021, to shareholders on record as of January 15, 2021. Currently, Bel has approximately 12,359,000 common shares outstanding, with 2,145,000 designated as Class A and 10,214,000 as Class B. Bel designs and manufactures products for various industries, including telecommunications and aerospace.
Bel Fuse Inc. announced the appointment of Sherry Urban as the new VP of Human Resources, effective immediately. Urban brings over 30 years of corporate HR experience, previously serving as Director of HR for Cinch Connectivity and Bel Power Solutions since 2014. She has played a pivotal role since joining the company through its acquisition of Emerson Network Power Connectivity Solutions. CEO Dan Bernstein praised her exemplary performance and anticipated her contributions to Bel's strategic HR initiatives.
Bel Fuse Inc. (BELFA, BELFB) reported preliminary financial results for Q3 2020, showing net sales of $124.5 million, consistent with Q3 2019. Gross profit margin improved to 26.9%, compared to 23.0% in the prior year. The company posted GAAP net earnings of $7.5 million, reversing a net loss of $6.5 million in Q3 2019. Adjusted EBITDA rose by nearly 33% to $11.8 million. The firm paid down $10 million in debt, reducing leverage to 2.99x. However, overall sales are projected to match Q4 2019 levels, amid ongoing uncertainty in 2021.
Bel Fuse Inc (Nasdaq:BELFA, BELFB) announced a conference call scheduled for October 30, 2020, to discuss its preliminary financial results for the third quarter of 2020. The results will be released before trading begins that day. Investors can join the call by calling 800-437-2398 (international: 323-289-6576) or via a live webcast. A telephone replay will also be available for 20 days after the call.
Bel specializes in products that power, protect, and connect electronic circuits across various industries, including telecommunications, military, and aerospace.