Bel Fuse Inc Stock Price, News & Analysis

Bel Fuse announced a robust performance in Q3 2021 with net sales rising 18.1% to $147.0 million compared to $124.5 million in Q3 2020. Despite a decrease in gross profit margin to 24.5% from 26.8%, GAAP net earnings were $5.7 million, down from $7.5 million year-over-year. The company reported a record backlog of $390 million, reflecting over 100% growth since December 2020. Key segments contributing to growth included Power Solutions and Magnetics, bolstered by acquisitions. However, challenges like material shortages and rising costs posed pressure on sales and margins.

Bel Fuse has appointed Jacqueline Brito to its Board of Directors, expanding board membership to nine, with eight independent members. Ms. Brito is the founder of HR Asset Partners, bringing expertise in leadership development and organizational culture. Her background includes tenure at Rollins College and Orlando Sentinel Communications. Bel aims to drive initiatives in corporate strategy and associate engagement, and Brito’s insights are expected to enhance management strategies, benefiting shareholders. She will stand for election at the 2022 annual shareholders meeting.

Bel Fuse (Nasdaq: BELFA, BELFB) will announce its preliminary financial results for Q3 2021 on October 29, 2021, before market opening. A conference call is scheduled for 11:00 AM ET that day to discuss the results with investors. To join the call, participants can dial 866-248-8441 or 323-289-6576 internationally. The event will also be streamed live online and available for replay on the company’s investor relations website.

Bel Fuse announced participation in the 10th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference on August 6, 2021. Senior management will engage privately with investors, providing an opportunity for one-on-one meetings. Interested parties can book these sessions through the Needham & Co. online platform or by contacting Peter Seltzberg from Investor Relations. Bel specializes in products that empower electronic circuits, serving diverse sectors including telecommunications and aerospace, and operates globally.

BEL FUSE INC. (NASDAQ:BELFA, BELFB) has declared quarterly cash dividends of $0.06 per share for Class A and $0.07 for Class B common shares. These dividends are payable on November 1, 2021, to shareholders on record as of October 15, 2021. With approximately 12,415,000 shares outstanding, the distribution reflects the company's commitment to delivering returns to its investors. Bel Fuse designs and manufactures products serving diverse industries including telecommunications and aerospace.

Bel Fuse Inc. reported strong preliminary financial results for Q2 2021, with net sales increasing by 14.5% to $138.7 million. Gross profit rose to $34.2 million, but gross margin slightly decreased to 24.7%. GAAP net earnings reached $7.9 million, translating to $0.61 and $0.64 EPS for Class A and Class B shares, respectively. The company achieved a record backlog of $314 million, more than double the previous year. The report also highlighted contributions of $6 million from recent acquisitions, despite a planned discontinuation of a low-margin product line.

Bel Fuse Inc. (Nasdaq: BELFA, BELFB) will announce its preliminary financial results for Q2 2021 on July 30, 2021, before trading begins. A conference call to discuss these results is scheduled for 11:00 AM ET on the same day. Interested investors can participate by dialing 866-248-8441 (or 323-289-6576 for international calls). The call will also be streamed live online and available for replay for 20 days. Bel Fuse designs and manufactures a range of products for electronic circuits, serving industries including telecommunications, aerospace, and broadcasting.

Bel Fuse Inc, a key player in electronic circuit products, announces participation in two virtual investor conferences: the 16th Annual Needham Virtual Technology & Media Conference on May 20, 2021, and the Stifel Cross Sector Insight Conference on June 9, 2021. Management will engage in one-on-one investor meetings, and a live group presentation will occur at the Needham conference, accessible through the investor relations section of Bel's website. This participation highlights Bel's commitment to investor relations and product visibility.

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.