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 (BELFB) delivers essential electronic components powering global industries from aerospace to consumer electronics. This dedicated news hub provides investors and professionals with direct access to official corporate communications and market-moving developments.
Monitor critical updates including quarterly earnings reports, product innovation announcements, and strategic partnership details. Our curated collection simplifies tracking the company's progress in circuit protection technologies and connectivity solutions across evolving sectors.
Key focus areas include leadership changes impacting operational strategy, manufacturing facility expansions, and compliance updates for international markets. Bookmark this page for efficient monitoring of BELFB's position in the competitive electronics components landscape.
Bel Fuse Inc. (BELFA) reported Q1 2025 results with net sales of $152.2 million, up from $128.1 million in Q1-24, though organic sales declined 6.4% excluding Enercon's $32.4 million contribution. The company achieved improved profitability with gross profit margin of 38.6% (up from 37.5%) and GAAP net earnings of $17.9 million.
Adjusted EBITDA reached $30.9 million (20.3% of sales) compared to $22.4 million (17.5%) year-over-year. For Q2 2025, the company projects sales between $145-155 million with gross margins of 37-39%, accounting for potential $8-10 million impact from China-related tariffs.
The company announced Farouq Tuweiq will succeed Daniel Bernstein as President and CEO following the May 2025 shareholder meeting.
Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, has announced its schedule for the first quarter 2025 financial results release and conference call.
The company will release preliminary financial results after market close on Thursday, April 24, 2025. The earnings conference call is scheduled for Friday, April 25, 2025, at 8:30 a.m. ET. Investors can participate via phone (877.407.0784 or international: 201.689.8560) or through the company's investor relations website.
A replay will be available after 12:30 p.m. ET for 30 days, accessible through domestic (844.512.2921) and international (412.317.6671) numbers with Conference ID: 13753007.
Bel Fuse Inc. (Nasdaq: BELFA and BELFB) has announced the grand opening of its new manufacturing facility in Manesar, Gurugram, India. This development follows the company's acquisition of Enercon in November 2024 and replaces Enercon's original Indian factory established in 2018.
The new facility represents a significant expansion for Bel's Power Solutions and Protection segment, with the potential to double its manufacturing capacity in India. The workforce has grown from 17 to over 200 associates since 2018. This strategic move enhances Bel's manufacturing footprint outside China, offering increased optionality for customers.
Bel Fuse (NASDAQ:BELFA, BELFB) has announced its regular quarterly cash dividend declaration. The company's Board of Directors has approved 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 paid on May 1, 2025, to shareholders of record as of April 15, 2025.
The company currently has approximately 12,540,000 total common shares outstanding, comprising 2,115,000 Class A common shares and 10,425,000 Class B common shares.
Bel Fuse reported Q4 2024 results with net sales of $149.9 million, up from $140.0 million in Q4-23, though organic sales declined 7.8% excluding Enercon's $20.8 million contribution. Q4 showed a GAAP net loss of $1.8 million, compared to earnings of $12.0 million in Q4-23, while non-GAAP earnings were $19.0 million.
Full-year 2024 performance saw net sales of $534.8 million, down from $639.8 million in 2023, with organic sales declining 19.7%. Despite revenue challenges, gross profit margin improved to 37.8% from 33.7%. The company completed the acquisition of Enercon, making aerospace and defense its largest end market.
Looking ahead, Q1 2025 guidance projects sales between $144-154 million with gross margins of 36-38%. Management noted encouraging signs of demand recovery from networking and distribution partners, expecting a gradual rebound throughout 2025.
Bel Fuse Inc. (Nasdaq: BELFA, BELFB) announced that Daniel Bernstein will step down as President and CEO after 24 years, effective May 27, 2025, transitioning to Non-Executive Chairman. Farouq Tuweiq, current CFO, will succeed as President and CEO.
Under Bernstein's leadership since 2001, Bel completed 19 acquisitions, growing sales from under $100 million to over $600 million. The company has achieved record profitability and stock price valuation in its 76-year history during the past two years.
Tuweiq, who joined Bel in 2021 as CFO, has been important in transforming the company's corporate strategy and financial discipline, leading to record performance. The Board has initiated a search for a new CFO and approved expanding the Board to ten directors, with Tuweiq joining as a director effective May 27, 2025.
Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, has announced its schedule for the release of fourth quarter 2024 preliminary financial results. The results will be released after market close on Tuesday, February 18, 2025.
The company has scheduled an earnings conference call for Wednesday, February 19, 2025, at 8:30 a.m. ET. Investors can participate via phone using the numbers 877.407.0784 (domestic) or 201.689.8560 (international). The call will also be available live over the internet at the company's investor relations website. A replay will be accessible after 12:30 p.m. ET for 30 days using the conference ID 13750153.
Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, has announced its participation in the 27th Annual Needham Growth Conference on January 17, 2025. CFO Farouq Tuweiq and VP Financial Reporting & Investor Relations Lynn Hutkin will conduct meetings throughout the day, with a presentation scheduled for 10:15am ET. The investor presentation deck and webcast will be available through the company's investor relations section website.
Bel Fuse (Nasdaq: BELFA and BELFB), a leading global manufacturer of electronic circuit products, has announced its December 2024 investor conference schedule. The company will participate in two virtual events: the Oppenheimer Midwest Virtual Summit on Wednesday, December 11, and the Northland Virtual Growth Conference on Thursday, December 12. CFO Farouq Tuweiq and VP of Financial Reporting & Investor Relations Lynn Hutkin will represent Bel Fuse at both events, conducting meetings throughout each day.
Bel Fuse has completed its previously announced acquisition of Enercon Technologies, acquiring an 80% stake for $320 million based on a $400 million enterprise value. The deal includes up to $10 million in potential earnouts for 2025-2026, with plans to acquire the remaining 20% by early 2027. The transaction was funded with $80 million cash and $240 million in credit facility borrowings.
Enercon, headquartered in Netanya, Israel, is a leading supplier of power conversion and networking solutions for military and aerospace markets, with facilities in North America and India. The company reported LTM Q3 2024 sales of $115 million with a 47% gross profit margin. This acquisition expands Bel's aerospace and defense market portfolio and manufacturing capabilities.
