Bel Fuse Inc Stock Price, News & Analysis

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.

Bel Fuse Inc. (Nasdaq: BELFA and BELFB) announced that CFO Farouq Tuweiq and Director of Financial Reporting Lynn Hutkin will present at the 24th Annual Needham Virtual Growth Conference on Jan 13 at 3:30 PM ET. They will host one-on-one investor meetings and provide updates on the business aimed at enhancing customer service and margins for long-term value. Key markets include electric vehicles, commercial air, and industrial sectors.

Bel Fuse announced the retention of Three Part Advisors for investor relations services to enhance shareholder communication and awareness. CFO Farouq Tuweiq highlighted various strategic initiatives aimed at improving customer service and profit margins. With a strong backlog and an innovative R&D pipeline, Bel aims to leverage these efforts for solid shareholder returns. TPA will assist in defining Bel’s messaging within the investment community, which has potential opportunities for growth and improved market visibility.