Annuncio • May 02
Bel Fuse Inc. Provides Earnings Guidance for the Second Quarter of 2026 Bel Fuse Inc. provided earnings guidance for the second quarter of 2026. For the quarter, the company expects to have a strong second quarter, guiding sales of $195 million to $215 million with gross margin of 38%-40%, supported by robust bookings and higher demand from defense, commercial air, space, and data solutions customers. Annuncio • Apr 16
Bel Fuse Inc. to Report Q1, 2026 Results on Apr 29, 2026 Bel Fuse Inc. announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Annuncio • Apr 13
Bel Fuse Inc., Annual General Meeting, May 26, 2026 Bel Fuse Inc., Annual General Meeting, May 26, 2026. Annuncio • Feb 21
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on Its Class A and Class B Shares, Payable on May 1, 2026 Bel Fuse Inc. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on May 1, 2026 to shareholders of record on April 15, 2026. Annuncio • Feb 18
Bel Fuse Inc. Provides Earnings Guidance for the First Quarter of 2026 Bel Fuse Inc. provided earnings guidance for the first quarter of 2026. For the quarter, the company estimates net sales of $165 million to $180 million. Annuncio • Feb 05
Bel Fuse Inc. to Report Q4, 2025 Results on Feb 17, 2026 Bel Fuse Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 17, 2026 Annuncio • Nov 01
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on Its Class A and Class B Shares, Payable January 30, 2026 BEL FUSE INC. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on January 30, 2026 to shareholders of record on January 15, 2026. Annuncio • Oct 09
Bel Fuse Inc. to Report Q3, 2025 Results on Oct 29, 2025 Bel Fuse Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 29, 2025 Annuncio • Jul 31
BEL FUSE Inc. Declares Regular Quarterly Cash Dividend on Class A and Class B Shares, Payable on October 31, 2025 BEL FUSE INC. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on October 31, 2025 to shareholders of record on October 15, 2025. Annuncio • Jul 25
Bel Fuse Inc. Provides Earnings Guidance for Third Quarter of 2025 Bel Fuse Inc. provided earnings guidance for third quarter of 2025. For Q3, based on information available, The company anticipates net sales of $165 million to $180 million. Annuncio • Jul 11
Bel Fuse Inc. to Report Q2, 2025 Results on Jul 24, 2025 Bel Fuse Inc. announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Annuncio • Apr 29
Bel Fuse Inc. Declares Regular Quarterly Cash Dividend on Class A and Class B Shares, Payable on August 1, 2025 BEL FUSE INC announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on August 1, 2025 to shareholders of record on July 15, 2025. Annuncio • Apr 25
Bel Fuse Inc. Provides Earnings Guidance for the Second Quarter of 2025 Bel Fuse Inc. provided earnings guidance for the second quarter of 2025. GAAP net sales in the second quarter of 2025 are projected to be in the range of $145 to $155 million, with gross margin in the range of 37% to 39%. Annuncio • Apr 14
Bel Fuse Inc., Annual General Meeting, May 27, 2025 Bel Fuse Inc., Annual General Meeting, May 27, 2025. Annuncio • Apr 12
Bel Fuse Inc. to Report Q1, 2025 Results on Apr 24, 2025 Bel Fuse Inc. announced that they will report Q1, 2025 results After-Market on Apr 24, 2025 Annuncio • Feb 19
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on Its Class A and Class B Shares, Payable on May 1, 2025 Bel Fuse Inc. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on May 1, 2025 to shareholders of record on April 15, 2025. Annuncio • Feb 06
Farouq Tuweiq to Vacate His Role as Chief Financial Officer of Bel Fuse Inc Bel Fuse Inc. announced that Farouq Tuweiq will vacate his current role as Chief Financial Officer on 2025 Annual Meeting of Shareholders to be held on May 27, 2025, with the Board having initiated a search process to identify a successor CFO for the Company. Tuweiq joined Bel in 2021 as the Company’s Chief Financial Officer. During the past four years, he has been instrumental in transforming Bel’s corporate strategy and financial discipline which have been strong drivers in leading to Bel’s record performance. From his start, Tuweiq has been a strategic partner with Bernstein and the executive team, capitalizing on the solid foundation of Bel’s quality products and customer base that Bernstein has built over the years. Annuncio • Feb 05
Bel Fuse Inc. Announces Chief Executive Officer Changes, Effective May 27, 2025 The Board of Directors of Bel Fuse Inc. announced an upcoming transition in the Chief Executive Officer position at Bel. After 24 years as Bel’s Chief Executive Officer and 46 total years of service at the Company, Daniel Bernstein will step down as Chief Executive Officer effective immediately following Bel’s 2025 Annual Meeting of Shareholders, currently scheduled for May 27, 2025. Bernstein will transition to the role of Non-Executive Chairman of the Board of Directors on that same date. As part of the leadership change, Bel’s Board of Directors has appointed Farouq Tuweiq to serve as the Company’s next Chief Executive Officer, effective immediately following Bel’s 2025 Annual Meeting of Shareholders. On May 27, 2025, Tuweiq will become Bel’s President and CEO. Tuweiq joined Bel in 2021 as the Company’s Chief Financial Officer. During the past four years, he has been instrumental in transforming Bel’s corporate strategy and financial discipline which have been strong drivers in leading to Bel’s record performance. From his start, Tuweiq has been a strategic partner with Bernstein and the executive team, capitalizing on the solid foundation of Bel’s quality products and customer base that Bernstein has built over the years. Annuncio • Feb 04
Bel Fuse Inc. Announces Executive Changes The Board of Directors of Bel Fuse Inc. announced an upcoming transition in the Chief Executive Officer position at Bel. After 24 years as Bel’s Chief Executive Officer and 46 total years of service at the Company, Daniel Bernstein will step down as President effective immediately following Bel’s 2025 Annual Meeting of Shareholders, currently scheduled for May 27, 2025. Bernstein will transition to the role of Non-Executive Chairman of the Board of Directors on that same date. As part of the leadership change, Bel’s Board of Directors has appointed Farouq Tuweiq to serve as the Company’s next President, effective immediately following Bel’s 2025 Annual Meeting of Shareholders. The Board of Directors has also approved the expansion of Bel’s Board to ten directors and appointed Tuweiq as a director on Bel’s Board, with such expansion and appointment to be effective on the date of Bel’s annual shareholder meeting scheduled for May 27, 2025. On May 27, 2025, Tuweiq will become Bel’s President. Tuweiq joined Bel in 2021 as the Company’s Chief Financial Officer. During the past four years, he has been instrumental in transforming Bel’s corporate strategy and financial discipline which have been strong drivers in leading to Bel’s record performance. From his start, Tuweiq has been a strategic partner with Bernstein and the executive team, capitalizing on the solid foundation of Bel’s quality products and customer base that Bernstein has built over the years. Annuncio • Feb 03
Bel Fuse Inc. to Report Q4, 2024 Results on Feb 18, 2025 Bel Fuse Inc. announced that they will report Q4, 2024 results After-Market on Feb 18, 2025 Annuncio • Nov 14
Bel Fuse Inc. (NasdaqGS:BELF.A) completed the acquisition of 80% stake in Enercon Technologies, Ltd. from Fortissimo fund managed by Fortissimo Capital Management Ltd. Bel Fuse Inc. (NasdaqGS:BELF.A) entered into a definitive agreement to acquire 80% stake in Enercon Technologies, Ltd. from Fortissimo fund managed by Fortissimo Capital Management Ltd. for $330 million on September 18, 2024. The consideration consists of $320 million in cash, which is subject to customary adjustments, and $10 million in earnout related payments for the 2025-2026 period. The transaction also includes the intent to purchase the remaining 20% in Enercon Technologies by early 2027 based on future EBITDA performance. The transaction will be financed through a combination of cash on hand and an expansion of its existing credit facility. KeyBank National Association, Bank of America, N.A, PNC Bank, National Association, BMO Bank N.A. and HSBC Bank USA, National Association provided the loan for financing the transaction. Shmoulik Barashi and Yochai Hacohen, both Enercon board members and partners at Fortissimo Capital will continue to be members of the Enercon board post transaction. The transaction is subject to customary closing conditions, including applicable regulatory approvals and is expected to close by the end of 2024.
Evercore Inc. acted as financial advisor to Bel Fuse Inc. Citigroup Inc. acted as financial advisor to Enercon Technologies, Ltd. White & Case LLP acted as legal advisor to Bel Fuse Inc. Meitar Liquornik Geva Leshem Tal & Co acted as legal advisor to Bel Fuse Inc. Gornitzky & Co. acted as legal advisor to Enercon Technologies, Ltd. Needham & Company, LLC acted as fairness opinion provider to the board of directors of Bel Fuse Inc. Chaim Friedland, Assaf Harel, Nir Knoll of Gornitzky & Co. acted as legal advisor to Fortissimo fund in the sale of 80% of its holdings in Enercon to Bel Fuse.
Bel Fuse Inc. (NasdaqGS:BELF.A) completed the acquisition of 80% stake in Enercon Technologies, Ltd. from Fortissimo fund managed by Fortissimo Capital Management Ltd. on November 14, 2024. Declared Dividend • Nov 04
Dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 15th January 2025 Payment date: 31st January 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 4%. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director David Valletta was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 24
Bel Fuse Inc. Provides Earnings Guidance for the Fourth Quarter of 2024 Bel Fuse Inc. provided earnings guidance for the fourth quarter of 2024. For the fourth quarter of 2024, The company expects GAAP net sales in the range of $117 million to $125 million. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.64 (vs US$1.52 in 3Q 2023) Third quarter 2024 results: EPS: US$0.64 (down from US$1.52 in 3Q 2023). Revenue: US$123.6m (down 22% from 3Q 2023). Net income: US$8.08m (down 59% from 3Q 2023). Profit margin: 6.5% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 15
Bel Fuse Inc. Announces the Appointment of Umasankar Pingali as Global Head of Sales and Marketing Bel Fuse Inc. announced its appointment of Uma Pingali as Global Head of Sales and Marketing, a newly created role. With over 30 years of management experience in global sales, marketing, business development within the electronic industry, Uma is uniquely positioned to lead and accelerate Bel’s sales and marketing organizations. His experience with integrating various sales teams that have joined via acquisitions will be very helpful for Bel with the company's history of acquisitions. Uma started his career in India and has lived and led sales organizations there and in Singapore, China, Hong Kong and the U.S. In his most recent role as President of Global Sales at Farnell, based in Chicago, Uma managed a team of 600+ people in driving a $1.6 billion global sales organization. Annuncio • Oct 10
Bel Fuse Inc. to Report Q3, 2024 Results on Oct 23, 2024 Bel Fuse Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Upcoming Dividend • Oct 08
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 15 October 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 4.6% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.6%). Annuncio • Sep 19
Bel Fuse Inc. (NasdaqGS:BELF.A) entered into a definitive agreement to acquire 80% stake in Enercon Technologies, Ltd. from Fortissimo Capital Management Ltd. for $330 million. Bel Fuse Inc. (NasdaqGS:BELF.A) entered into a definitive agreement to acquire 80% stake in Enercon Technologies, Ltd. from Fortissimo Capital Management Ltd. for $330 million on September 18, 2024. The consideration consists of $320 million in cash, which is subject to customary adjustments, and $10 million in earnout related payments for the 2025-2026 period. The transaction also includes the intent to purchase the remaining 20% in Enercon Technologies by early 2027 based on future EBITDA performance. The transaction will be financed through a combination of cash on hand and an expansion of its existing credit facility. Shmoulik Barashi and Yochai Hacohen, both Enercon board members and partners at Fortissimo Capital will continue to be members of the Enercon board post transaction. The transaction is subject to customary closing conditions, including applicable regulatory approvals and is expected to close by the end of 2024.
Evercore Inc. acted as financial advisor to Bel Fuse Inc. Citigroup Inc. acted as financial advisor to Enercon Technologies, Ltd. White & Case LLP acted as legal advisor to Bel Fuse Inc. Meitar Liquornik Geva Leshem Tal & Co acted as legal advisor to Bel Fuse Inc. Gornitzky & Co. acted as legal advisor to Enercon Technologies, Ltd. Needham & Company, LLC acted as fairness opinion provider to the board of directors of Bel Fuse Inc. Declared Dividend • Aug 12
Dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 15th October 2024 Payment date: 1st November 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 3%. Annuncio • Aug 02
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares, Payable on November 1, 2024 BEL FUSE INC announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on November 1, 2024 to shareholders of record on October 15, 2024. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$1.48 (vs US$2.17 in 2Q 2023) Second quarter 2024 results: EPS: US$1.48 (down from US$2.17 in 2Q 2023). Revenue: US$133.2m (down 21% from 2Q 2023). Net income: US$18.8m (down 32% from 2Q 2023). Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 11
Bel Fuse Inc. to Report Q2, 2024 Results on Jul 24, 2024 Bel Fuse Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Upcoming Dividend • Jul 08
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 15 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.8%). Annuncio • Jul 03
Bel Fuse Inc.(NasdaqGS:BELF.B) dropped from Russell Small Cap Comp Growth Index Bel Fuse Inc.(NasdaqGS:BELF.B) dropped from Russell Small Cap Comp Growth Index Annuncio • Jul 02
Bel Fuse Inc. Announces Executive Changes Bel Fuse Inc. confirmed consistent with prior announcements that Dennis Ackerman will retire from the Company effective July 31, 2024 after 37 years of service, having served as President of Bel Power Solutions and Protection since 2014. As previously announced, Steve Dawson, who most recently served as Vice President of Marketing and Business Development for the Power segment, has been named to succeed Mr. Ackerman. His appointment as the new President of Bel Power Solutions and Protection is effective July 1, 2024. Mr. Ackerman joined Bel in 1986 and held the positions of Customer Service Manager, Sales Manager, Purchasing Director and Operations Director. In 2001, he was named Vice President of Operations and in June 2014, he was named President of the Bel Power Solutions and Protection segment. Steve Dawson has over 25 years of progressive experience in power and circuit protection. Before joining Bel, Mr. Dawson held positions in Manufacturing, Engineering, Product Management and Business Development with Cooper Industries’ circuit protection business, a company later acquired by Eaton. After twelve years at Cooper Industries, he joined Power-One, a well-known manufacturer of power supplies. There Mr. Dawson led the Marketing and Business Development efforts when Power-One was acquired by ABB. Dawson was later involved in the sale of the power business from ABB to Bel, where he most recently served as Vice President of Marketing and Business Development for Bel’s Power segment. Mr. Dawson earned his Bachelor’s degree in Industrial Engineering from the University of Cincinnati and his MBA degree from Washington University in St. Louis. Annuncio • Jun 27
Bel Fuse Inc.(NasdaqGS:BELF.A) dropped from NASDAQ Telecom Index Bel Fuse Inc. has been dropped from NASDAQ Telecom Index . Annuncio • Jun 26
Bel Fuse Inc.(NasdaqGS:BELF.B) dropped from NASDAQ Telecom Index Bel Fuse Inc. has been droppped from NASDAQ Telecom Index . Declared Dividend • May 03
Dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 15th July 2024 Payment date: 1st August 2024 Dividend yield will be 0.4%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 4%. Annuncio • Apr 30
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on Its Class A and Class B Shares, Payable on August 1, 2024 Bel Fuse Inc. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on August 1, 2024 to shareholders of record on July 15, 2024. New Risk • Apr 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Annuncio • Apr 27
Bel Fuse Inc. Provides Earnings Guidance for the Second Quarter of 2024 Bel Fuse Inc. provided earnings guidance for the second quarter of 2024. For the quarter, the company expects GAAP net sales to be in the range of $125 to $135 million. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$1.25 (vs US$1.14 in 1Q 2023) First quarter 2024 results: EPS: US$1.25 (up from US$1.14 in 1Q 2023). Revenue: US$128.1m (down 26% from 1Q 2023). Net income: US$15.9m (up 8.9% from 1Q 2023). Profit margin: 12% (up from 8.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 12
Bel Fuse Inc. to Report Q1, 2024 Results on Apr 25, 2024 Bel Fuse Inc. announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Upcoming Dividend • Apr 05
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 01 May 2024. Payout ratio is a comfortable 4.2% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.8%). Annuncio • Apr 02
Bel Fuse Inc., Annual General Meeting, May 14, 2024 Bel Fuse Inc., Annual General Meeting, May 14, 2024, at 11:00 Eastern Standard Time. Agenda: To elect three directors for three-year terms (Mark B. Segall, Eric Nowling and David J. Valletta) as described in the proxy statement; To ratify the designation of Grant Thornton LLP to audit Bel's books and accounts for 2024. Annuncio • Mar 08
Bel Fuse Inc. Announces John Tweedy to Retire from the Board of Directors On March 1, 2024, John Tweedy notified Bel Fuse Inc. of his decision to retire from the Board of Directors of the Company upon the expiration of his term and not stand for re-election to the Board at the Company’s 2024 Annual Meeting of Shareholders. Mr. Tweedy indicated that his decision to retire and not stand for re-election was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Tweedy has served on Bel's Board since 1996 and throughout the years has served on various committees including Audit and Executive. John has been instrumental during Bel's various acquisitions, international expansion, and recent changes to the overall organization. Declared Dividend • Mar 04
Fourth quarter dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 12th April 2024 Payment date: 1st May 2024 Dividend yield will be 0.4%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 3%. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €54.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electronic industry in Germany. Total returns to shareholders of 287% over the past three years. New Risk • Feb 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Annuncio • Feb 22
Bel Fuse Inc. (NasdaqGS:BELF.A) announces an Equity Buyback for $25 million worth of its shares. Bel Fuse Inc. (NasdaqGS:BELF.A) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its class A and class B common Stock shares. All shares of common stock repurchased will be cancelled and be available for use and reissuance as and when determined by the Board of Directors including, without limitation, pursuant to the Company’s 2020 Equity Compensation Plan or in connection with the administration of any other employee benefit plan maintained by the Company. The Repurchase Program has no expiration date. Annuncio • Feb 09
Bel Fuse Inc. to Report Q4, 2023 Results on Feb 21, 2024 Bel Fuse Inc. announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Annuncio • Jan 16
Bel Fuse Inc. Announces Management Changes of the Power and Protection Segment Bel Fuse Inc. announced a significant leadership change with the appointment of Steve Dawson as the new President of Bel Power Solutions and Protection, effective July 2024. Dawson will succeed Dennis Ackerman, who has played a pivotal role in the company's growth and success the past 37 years. Dawson brings a wealth of expertise to his new role with over 25 years of progressive experience in power and circuit protection. Before joining Bel, he held positions in Manufacturing, Engineering, Product Management and Business Development with Cooper Industries' circuit protection business, a company later acquired by Eaton. After twelve years at Cooper Industries, he joined Power-One, a well-known manufacturer of power supplies. There he was leading the Marketing and Business Development efforts when Power-One was acquired by ABB. Dawson was later involved in the selling of the power business from ABB to Bel, where he currently serves as Vice President of Marketing and Business Development. Dawson earned his Bachelor’s degree in Industrial Engineering from the University of Cincinnati and his MBA at Washington University. With a proven track record of success, Dawson has consistently demonstrated leadership and strategic vision throughout his career. He has been instrumental in the development of a power conversion product line for commercial electric vehicles, the fastest growing segment within the Power Solutions and Protection business. Dawson has shown a continuous commitment to growth in existing and emerging markets that has helped to solidify Bel's position as a leading supplier of power and circuit protection products. Board Change • Nov 10
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Jackie Brito was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 02
Bel Fuse Inc. Declares Regular Quarterly Cash Dividend on its Class A and Class B Shares, Payable on February 1, 2024 Bel Fuse Inc. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on February 1, 2024 to shareholders of record on January 15, 2024. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$1.52 (vs US$1.33 in 3Q 2022) Third quarter 2023 results: EPS: US$1.52 (up from US$1.33 in 3Q 2022). Revenue: US$158.7m (down 11% from 3Q 2022). Net income: US$19.4m (up 18% from 3Q 2022). Profit margin: 12% (up from 9.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Electronic industry in Germany are expected to grow by 12%. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €38.00, the stock trades at a trailing P/E ratio of 7.1x. Average forward P/E is 11x in the Electronic industry in Germany. Total returns to shareholders of 28% over the past year. Annuncio • Oct 12
Bel Fuse Inc. to Report Q3, 2023 Results on Oct 25, 2023 Bel Fuse Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Upcoming Dividend • Oct 05
Upcoming dividend of US$0.06 per share at 0.5% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 01 November 2023. Payout ratio is a comfortable 4.2% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.7%). Annuncio • Aug 03
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares, Payable on November 1, 2023 BEL FUSE INC. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on November 1, 2023 to shareholders of record on October 13, 2023. New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 7.3% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 8.5% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Annuncio • Jul 28
Bel Fuse Inc. Provides Sales Guidance for the Third Quarter of 2023 Bel Fuse Inc. provided sales guidance for the third quarter of 2023. The company current estimate for the third quarter is GAAP net sales in the range of $157 million to $165 million. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$2.17 (vs US$1.36 in 2Q 2022) Second quarter 2023 results: EPS: US$2.17 (up from US$1.36 in 2Q 2022). Revenue: US$168.8m (down 1.1% from 2Q 2022). Net income: US$27.8m (up 63% from 2Q 2022). Profit margin: 17% (up from 10.0% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Electronic industry in Germany are expected to grow by 11%. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €59.00, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 154% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €101 per share. Annuncio • Jul 13
Bel Fuse Inc. to Report Q2, 2023 Results on Jul 26, 2023 Bel Fuse Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023 Upcoming Dividend • Jul 06
Upcoming dividend of US$0.06 per share at 0.4% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 01 August 2023. Payout ratio is a comfortable 4.9% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.2%). Annuncio • Jun 09
PEI-Genesis, Inc. acquired Bel Stewart s.r.o. from Bel Fuse Inc. (NasdaqGS:BELF.A) for $5.0 million. PEI-Genesis, Inc. acquired Bel Stewart s.r.o. from Bel Fuse Inc. (NasdaqGS:BELF.A) for $5.0 million on June 8, 2023.
PEI-Genesis, Inc. completed the acquisition of Bel Stewart s.r.o. from Bel Fuse Inc. (NasdaqGS:BELF.A) on June 8, 2023. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €49.60, the stock trades at a trailing P/E ratio of 11.2x. Average forward P/E is 17x in the Electronic industry in Germany. Total returns to shareholders of 151% over the past year. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to €40.40, the stock trades at a trailing P/E ratio of 9.1x. Average forward P/E is 15x in the Electronic industry in Germany. Total returns to shareholders of 96% over the past year. Annuncio • May 05
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on Its Class A and Class B Shares, Payable on August 1, 2023 and August 1, 2023 BEL FUSE INC. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on August 1, 2023 to shareholders of record on July 14, 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: US$1.14 (vs US$0.41 in 1Q 2022) First quarter 2023 results: EPS: US$1.14 (up from US$0.41 in 1Q 2022). Revenue: US$172.3m (up 26% from 1Q 2022). Net income: US$14.6m (up 188% from 1Q 2022). Profit margin: 8.5% (up from 3.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Electronic industry in Germany are expected to grow by 13%. Upcoming Dividend • Apr 06
Upcoming dividend of US$0.06 per share at 0.7% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 01 May 2023. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.4%). Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Jackie Brito was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$4.20 (vs US$2.00 in FY 2021) Full year 2022 results: EPS: US$4.20 (up from US$2.00 in FY 2021). Revenue: US$654.2m (up 20% from FY 2021). Net income: US$52.7m (up 112% from FY 2021). Profit margin: 8.1% (up from 4.6% in FY 2021). The increase in margin was driven by higher revenue. Annuncio • Feb 08
Bel Fuse Inc. to Report Q4, 2022 Results on Feb 22, 2023 Bel Fuse Inc. announced that they will report Q4, 2022 results After-Market on Feb 22, 2023 Upcoming Dividend • Jan 05
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 01 February 2023. Payout ratio is a comfortable 6.4% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.0%). Annuncio • Dec 01
Bel Fuse Inc. Appoints Suzanne Kozlovsky as Global Head of People Bel Fuse Inc. announced Suzanne Kozlovsky has been appointed as Global Head of People. In this newly created executive level position, Ms. Kozlovsky will initially be focused on a series of initiatives around associate engagement, development, talent retention strategies and compensation structure. Prior to her appointment by Bel, Ms. Kozlovsky was Vice President of Human Resources for Prinova (A Nagase Group Company) where she was a core member of the Global Executive Council and Strategy and Investment Team, leading significant transformational initiatives to inspire a culture of high performance in supporting sustainable growth. Ms. Kozlovsky held previous roles at Marmon Foodservice Technologies (A Berkshire Hathaway Company) and Bel Brands USA. At each of her former employers, she was successful in transforming the culture, resulting in recognition as National Best and Brightest Companies to Work For at each organization under her leadership. Annuncio • Nov 09
Bel Fuse Inc. Appoints Ping Gencianeo as Global ESG Director Bel Fuse Inc. announced the appointment of Ping Gencianeo as its new Global ESG Director. As a global company with operations in a number of local communities across 15 countries, Bel is committed to becoming a better corporate citizen. In her new role, Ping will lead a series of initiatives aimed at improving the organization globally. Specific area of focus include: Environmental: minimizing impact on the environment across global facilities including waste/pollution control, Social: partnering with teammates across the organization to improve associate relations, enhance diversity and inclusivity, and invest in the local communities operate in Governance: drive better practices across the organization spectrum including the Board, management, and associates. Ping has been with Bel for 25 years, holding various roles which included experience in quality management systems, facility compliance, sustainability, and social responsibility. The appointment will have Ping overseeing the development of an internal ESG committee with senior management sponsorship, as well as taking the lead to define company ESG goals and ensuring delivery on the company's own commitments. Annuncio • Nov 02
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend, Payable on February 1, 2023 Bel Fuse Inc. declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on February 1, 2023 to shareholders of record on January 13, 2023. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$1.33 (vs US$0.46 in 3Q 2021) Third quarter 2022 results: EPS: US$1.33 (up from US$0.46 in 3Q 2021). Revenue: US$177.7m (up 21% from 3Q 2021). Net income: US$16.5m (up 189% from 3Q 2021). Profit margin: 9.3% (up from 3.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Annuncio • Oct 20
Bel Fuse Inc. to Report Q3, 2022 Results on Oct 26, 2022 Bel Fuse Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2022 Upcoming Dividend • Oct 06
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.4%). Lower than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 16% share price gain to €30.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Electronic industry in Germany. Total returns to shareholders of 139% over the past year. Annuncio • Aug 03
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on Its Class A and Class B Shares, Payable on November 1, 2022 BEL FUSE INC. announced that its Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares. Cash dividends for Class A and Class B common shares are payable on November 1, 2022 to shareholders of record on October 14, 2022. Annuncio • Aug 02
Bel Fuse Inc. Announces Retirement of Yk Tso as Zhongshan Operations Director Bel Fuse Inc. announced that Mr. YK Tso, Operations Director of Bel’s facility in Zhongshan, China, will be retiring from the Company effective January 1, 2023. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$1.36 (vs US$0.64 in 2Q 2021) Second quarter 2022 results: EPS: US$1.36 (up from US$0.64 in 2Q 2021). Revenue: US$170.6m (up 23% from 2Q 2021). Net income: US$17.0m (up 116% from 2Q 2021). Profit margin: 10.0% (up from 5.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the industry in Germany.