Bel Fuse Inc - BELFB STOCK NEWS

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.

Bel Fuse Inc. reported preliminary financial results for Q1 2021, revealing net sales of $110.6 million, up 6.4% from Q1 2020. Gross profit was $24.3 million (21.9% of net sales), a decrease from last year's gross profit of $25.8 million (24.8%). The company achieved a GAAP net earnings of $3.2 million, significantly improving from a net loss of $(3.8) million in Q1 2020. Key contributors to earnings included a $6.2 million gain from the sale of a Hong Kong property and strong performance in the Power Solutions and Protection segments. The backlog of orders reached $264 million by the end of April 2021.

Bel Fuse Inc (Nasdaq:BELFA and Nasdaq:BELFB) will announce its preliminary financial results for the first quarter of 2021 before trading on May 3, 2021. A conference call is scheduled for 11:00 AM ET on the same day to discuss these results with investors. Participants can join by dialing the provided numbers or by accessing the webcast online. The call will also be available for replay for 20 days. Bel Fuse designs and manufactures products for various industries, including telecommunications and aerospace, emphasizing its broad product range.

Bel Fuse Inc has successfully completed its acquisition of EOS, based in Mumbai, India, for $7 million, effective March 31, 2021. EOS reported annual sales of approximately $12 million in 2020 and employs around 400 associates in a 56,000 square foot facility. This acquisition is expected to enhance Bel's presence in industrial and medical markets, providing new products and opportunities for supply chain efficiencies. CEO Dan Bernstein anticipates the acquisition will contribute positively to EBITDA starting in Q2 2021.