Annuncio • 2h
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on Class A and Class B Shares, Payable on July 31, 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 July 31, 2026 to shareholders of record on July 15, 2026. Annuncio • May 15
Bel Fuse Inc. has completed a Follow-on Equity Offering in the amount of $399 million. Bel Fuse Inc. has completed a Follow-on Equity Offering in the amount of $399 million.
Security Name: Class B Common Stock
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: $266
Discount Per Security: $9.975 Annuncio • May 14
Bel Fuse Inc. has filed a Follow-on Equity Offering. Bel Fuse Inc. has filed a Follow-on Equity Offering.
Security Name: Class B Common Stock
Security Type: Common Stock
Securities Offered: 1,300,000 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. 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. 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 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. 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. 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 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 . 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. 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. 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 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. 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. 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. 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 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. 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. 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 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. 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. 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 Annuncio • Feb 05
Bel Fuse Inc. to Report Q4, 2020 Results on Feb 18, 2021 Bel Fuse Inc. announced that they will report Q4, 2020 results on Feb 18, 2021 Annuncio • Jan 14
Bel Fuse Inc. (NasdaqGS:BELF.A) acquired rms Connectors, Inc. from rms Company. Bel Fuse Inc. (NasdaqGS:BELF.A) acquired rms Connectors, Inc. from rms Company on January 13, 2021. rms Connectors operations will be integrated into the Cinch Connectivity facilities.
Bel Fuse Inc. (NasdaqGS:BELF.A) completed the acquisition of rms Connectors, Inc. from rms Company on January 13, 2021. Annuncio • Jan 13
Bel Fuse Inc. (NasdaqGS:BELF.A) entered into an agreement to acquire substantially all of the issued and outstanding shares of E O S Power India Private Limited from EOS Power Panama Inc. Bel Fuse Inc. (NasdaqGS:BELF.A) entered into an agreement to acquire substantially all of the issued and outstanding shares of E O S Power India Private Limited from EOS Power Panama Inc. on January 12, 2021. The Agreement calls for the assumption of certain liabilities. EOS Power India had trailing twelve-month sales of approximately $15 million. The all-cash transaction will be funded with available cash on hand, some or all of which may be sourced from our revolving credit facility. The transaction is subject to closing working capital adjustments and is expected to close in the first quarter of 2021. Annuncio • Jan 06
Bel Fuse Appoints Farouq Tuweiq, Former Investment Banker, as Chief Financial Officer Bel Fuse Inc. announced that Farouq Tuweiq has been named Chief Financial Officer of Bel Fuse Inc., effective February 15, 2021. Most recently, Farouq worked at BMO Capital Markets, member of BMO Financial Group, where he led and helped build the Industrial Technology Investment Banking practice. Farouq spent his banking career advising public, private equity-backed, and privately-held companies in the Electronic Components sector, including manufacturers
of connectors, passives, magnetics, on Mergers & Acquisitions and capital raising. Previously, Farouq worked at Schneider Electric, a public multinational energy efficiency and automation provider, in its North American headquarters within the FP&A group focused on budgeting, forecasting, and business planning. Is New 90 Day High Low • Dec 08
New 90-day high: US$15.72 The company is up 41% from its price of US$11.15 on 08 September 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$79.98 per share. Is New 90 Day High Low • Nov 11
New 90-day high: US$14.01 The company is up 2.0% from its price of US$13.68 on 13 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$78.19 per share. Analyst Estimate Surprise Post Earnings • Nov 08
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.006%. Earnings per share (EPS) exceeded analyst estimates by 455%. Over the next year, revenue is forecast to grow 1.1%, compared to a 8.5% growth forecast for the Electronic industry in the US. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS US$0.60 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: US$124.5m (flat on 3Q 2019). Net income: US$7.48m (up US$14.0m from 3Q 2019). Profit margin: 6.0% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Earnings beat expectations, revenue disappoints Third-quarter revenue missed analyst estimates by 0.006% at US$124.5m. Earnings per share (EPS) exceeded analyst estimates by 455% at US$0.61. Revenue is forecast to grow 10.0% over the next year, compared to a 6.5% growth forecast for the Electronic industry in the US. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of US$2.89m, up 90% from the prior year. Total revenue was US$464.8m over the last 12 months, down 11% from the prior year. Annuncio • Jul 18
Bel Fuse Inc. to Report Q2, 2020 Results on Jul 31, 2020 Bel Fuse Inc. announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Jul 31, 2020