Bel Fuse Inc - BELFA STOCK NEWS

Bel Fuse, a global manufacturer specializing in powering, protecting, and connecting electronic circuits, has announced its investor conference schedule for June 2024. The company, listed under the ticker symbols BELFA and BELFB on Nasdaq, will participate in three major events.

On June 4, 2024, CFO Farouq Tuweiq and VP of Financial Reporting & Investor Relations Lynn Hutkin will attend the Stifel Cross Sector Insight Conference at The InterContinental Boston. They will conduct meetings throughout the day.

On June 12, 2024, the same executives will represent Bel Fuse at the 14th Annual East Coast IDEAS Investor Conference, held at Jay Conference - Bryant Park, New York, presenting at 1:20 pm ET and conducting meetings throughout the day.

On June 25, 2024, they will participate in the Northland Growth Conference 2024, conducting virtual meetings throughout the day. Investor presentation decks and webcasts will be available on the company's website.

Bel Fuse Inc. (Nasdaq: BELFA and BELFB) announced its investor conference schedule for May 2024, including participation in the Oppenheimer 19th Annual Industrial Growth Conference and the Cowen 52nd Annual Technology, Media & Telecom Conference. The presentations will feature the company's CFO and VP Financial Reporting & Investor Relations. Investors can access the presentation decks and webcasts through the investor relations section of Bel Fuse's website.

Bel Fuse Inc. has announced a regular quarterly cash dividend on its Class A and Class B shares. The Board of Directors declared dividends of $0.06 per share for Class A and $0.07 per share for Class B. The dividends will be payable on August 1, 2024, to shareholders of record on July 15, 2024. Bel currently has approximately 12,620,000 common shares outstanding, with 2,124,000 being Class A shares and 10,496,000 being Class B shares.

Bel Fuse Inc. (Nasdaq: BELFA and BELFB) reported its first quarter 2024 results with net sales of $128.1 million, gross profit margin of 37.5%, net earnings of $15.9 million, and adjusted EBITDA of $24.5 million. Despite lower sales volume, the company achieved higher profitability within the expected range. The Connectivity segment performed well, while the Magnetics business faced challenges due to inventory issues. The company anticipates second quarter net sales between $125 to $135 million with gross margins of 34-36%.

Bel Fuse Inc. (BELFA) to release preliminary financial results for the first quarter on April 25, 2024, with an earnings conference call scheduled for April 26, 2024. Details of the call and replay options provided.

Bel Fuse Inc. announces the retirement of John Tweedy from the Board and the nomination of David Valletta, former Executive Vice President of Worldwide Sales at Vishay Intertechnology, to join the Board in 2024. Valletta brings over 40 years of sales and growth experience in the electronic components industry.

Bel Fuse Inc. (BELFA) announces participation in the 36th Annual Roth Conference with CFO Farouq Tuweiq. The conference will take place on March 19 in Laguna Niguel.

BEL Fuse Inc. declares regular quarterly cash dividends of $0.06 per share for Class A common shares and $0.07 per share for Class B common shares. The dividends will be payable on May 1, 2024, to shareholders of record on April 15, 2024. Bel currently has 12,762,000 common shares outstanding, with 2,142,000 Class A shares and 10,620,000 Class B shares.

Bel Fuse Inc. announces a new $25 million share repurchase program alongside preliminary financial results for Q4 2023 and full year 2023. The company saw a decrease in net sales but an increase in gross profit margin and adjusted EBITDA. The CEO highlights the company's resilience, product diversity, and future growth prospects. The CFO emphasizes operational reset and cost efficiencies. Bel anticipates a slow start in 2024 with a potential rebound in the second half of the year.