Bel Fuse Inc - BELFB STOCK NEWS

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.

BEL FUSE INC. (NASDAQ:BELFA, BELFB) announced a quarterly cash dividend of $0.06 per share for Class A and $0.07 per share for Class B common shares. These dividends are payable on February 1, 2022, to shareholders recorded as of January 14, 2022. The company has approximately 12.4 million common shares outstanding, with 2.1 million Class A and 10.3 million Class B shares. This regular dividend distribution reflects BEL's commitment to returning value to shareholders while maintaining robust operations across various industries.

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.