FOR IMMEDIATE RELEASE Bel Fuse Inc. 300 Executive Drive Suite 300 West Orange, NJ 07052 www.belfuse.com tel 201.432.0463 Exhibit 99.1 Second Quarter 2025 Highlights "We are pleased with our second quarter results, which exceeded expectations due to improved on-time shipments and enhanced intraquarter turns, reinforcing our thesis of growth for the year," said Farouq Tuweiq, President and CEO. "Gross margins aligned with guidance, reflecting operational stability. Strength was evident in defense and commerci ...

WEST ORANGE, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the second quarter and first half of 2025. Second Quarter 2025 Highlights Net sales of $168.3 million compared to $133.2 million in Q2-24. Up 26.3% from Q2-24Gross profit margin of 38.7%, compared to 40.1% in Q2-24GAAP net earnings attributable to Bel shareholders of $26.9 million versus GAAP net earnings attributable to Bel shareholders of $18.8 million in Q2-24Adju ...

Core Viewpoint - Bel Fuse Inc. is set to release preliminary financial results for the second quarter on July 24, 2025, with a conference call scheduled for July 25, 2025, at 8:30 a.m. ET [1] Company Overview - Bel Fuse Inc. designs, manufactures, and markets a wide range of products that power, protect, and connect electronic circuits [2] - The company's products are utilized in various industries, including defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation, and eMobility [2] - Bel's product categories include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions, with operations in facilities worldwide [2]

Company Transition - Dan Bernstein transitions from President and CEO to Chairman of the Board after over 45 years of service, marking a significant milestone for Bel Fuse Inc. [1] - Under Bernstein's leadership since 2001, Bel Fuse's revenue grew from under $100 million to over $600 million, and the company completed 19 strategic acquisitions [2]. New Leadership - Farouq Tuweiq, previously CFO, steps into the role of CEO, bringing a data-driven leadership style and a strong financial foundation to the company [3]. - Tuweiq's background in investment banking and strategic leadership is expected to support Bel's growth strategy and future goals [3]. Company Overview - Bel Fuse designs, manufactures, and markets products that power, protect, and connect electronic circuits, serving various industries including defense, aerospace, telecommunications, and automotive [5]. - The company's product groups include Power Solutions, Connectivity Solutions, and Magnetic Solutions, with operations in multiple facilities worldwide [5].

WEST ORANGE, N.J., May 20, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Bel Fuse Inc. (Nasdaq: BELFA and BELFB) (“Bel” or the “Company”) today announced the appointment of Lynn Hutkin as Bel’s Chief Financial Officer (CFO) effective immediately following Bel’s Annual Meeting of Shareholders to be held May 27, 2025. She will be responsible for Bel’s financial strategies and will lead the global finance organization, including planning, treasury, tax, reporting and investor relations. In her new role Ms ...

Revenue and Growth - For the three months ended March 31, 2025, the company's revenue was $152.2 million, an increase of 18.9% from $128.1 million in the same period of 2024[111]. - Power Solutions and Protection segment generated $83.1 million in revenue, a 37.9% increase from $60.2 million in the first quarter of 2024[112]. - Magnetic Solutions segment revenue increased to $18.5 million, up 36.3% from $13.6 million in the same period of 2024[111]. - Sales of Magnetic Solutions products increased by $4.9 million (36.1%) in Q1 2025 compared to Q1 2024, driven by demand from networking customers and distribution channels[115]. Order Backlog - The backlog of orders increased to $395.7 million as of March 31, 2025, up $14.1 million or 4% from December 31, 2024[108]. Costs and Expenses - Labor costs represented 8.4% of revenue in Q1 2025, up from 8.0% in Q1 2024, influenced by wage increases in the PRC and Mexico[109]. - R&D expenses rose to $7.2 million in Q1 2025 from $5.2 million in Q1 2024, largely due to the inclusion of Enercon's R&D expenses of $1.7 million[119]. - SG&A expenses increased to $29.5 million in Q1 2025 from $24.9 million in Q1 2024, primarily due to Enercon SG&A expenses of $6.0 million[120]. - Interest expense surged to $4.2 million in Q1 2025 from $0.4 million in Q1 2024, mainly due to higher borrowings related to the Enercon acquisition[121]. - Inflationary pressures are anticipated to continue affecting input costs, including raw materials and labor[109]. Tax and Income - The provision for income taxes was $5.5 million in Q1 2025, up from $4.5 million in Q1 2024, with an effective tax rate of 23.0% compared to 22.0% in the prior year[125]. - The effective tax rate will fluctuate based on the geographic regions where pretax profits are earned, with Asia having the lowest rates[110]. - Other income increased to $2.6 million in Q1 2025 from $1.8 million in Q1 2024, driven by foreign exchange gains of $4.3 million compared to $0.6 million in Q1 2024[123]. Cash Flow and Liquidity - Cash and cash equivalents decreased by $2.3 million in Q1 2025, with accounts receivable down by $8.2 million due to lower sales volume[127]. - The current ratio improved to 3.3:1 at March 31, 2025, compared to 2.9:1 at December 31, 2024[128]. - The company had $45 million of available borrowings under its revolving credit facility at March 31, 2025, with no mandatory principal payments due in 2025[130]. - The company expects to meet foreseeable liquidity and capital resource requirements through existing cash, investments, and anticipated cash flows from operations[129]. Acquisition - The company acquired an 80% stake in Enercon in November 2024, expected to contribute to sales in 2025[108]. Foreign Exchange - The company realized a foreign exchange transactional gain of $4.3 million during the three months ended March 31, 2025, due to favorable currency fluctuations[110].

Company Overview - Bel Fuse Inc. is a leading global manufacturer of products that power, protect, and connect electronic circuits [1] - The company operates in various industries including defense, commercial aerospace, networking, telecommunications, computing, general industrial high-speed data transmission, transportation, and eMobility [1] - Bel's product groups include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions [1] Investor Conference Schedule - Bel Fuse Inc. will participate in Oppenheimer's 20th Annual Industrial Growth Conference on May 8, 2025, with a fireside chat at 12:45 pm ET [2] - The company will also attend the 22nd Annual Craig-Hallum Institutional Investor Conference on May 28, 2025, at the Depot Renaissance Hotel Minneapolis [2] - Additionally, Bel will be present at the KeyBanc Industrial & Basics Conference on May 29, 2025, at the InterContinental Boston [2]

Financial Performance - Net sales for Q1 2025 were $152.2 million, an increase from $128.1 million in Q1 2024, with organic sales down 6.4% excluding $32.4 million from Enercon[8] - Gross profit margin improved to 38.6%, up from 37.5% in Q1 2024[8] - GAAP net earnings attributable to Bel shareholders were $17.9 million, compared to $15.9 million in Q1 2024[8] - Non-GAAP net earnings attributable to Bel shareholders were $16.8 million, slightly down from $17.0 million in Q1 2024[8] - Adjusted EBITDA was $30.9 million, representing 20.3% of sales, compared to $22.4 million or 17.5% of sales in Q1 2024[8] - Net sales for Q1 2025 increased by 18.9% to $152,238 thousand compared to $128,090 thousand in Q1 2024[19] - Gross profit margin improved to 38.6% in Q1 2025 from 37.5% in Q1 2024, with gross profit rising to $58,819 thousand[19] - Operating income increased by 40.2% to $25,023 thousand, representing 16.4% of net sales, compared to 13.9% in the prior year[19] - Net earnings attributable to Bel Fuse shareholders reached $17,874 thousand, up from $15,874 thousand, with a net earnings margin of 12.0%[19] - Adjusted EBITDA for Q1 2025 was $30,911 thousand, which is 20.3% of net sales, compared to $22,407 thousand or 17.5% in Q1 2024[29] - Total revenues for Q1 2025 were $23.785 million, compared to $20.352 million in Q1 2024, marking an increase of 12%[34] Market Outlook - Projected GAAP net sales for Q2 2025 are estimated to be between $145 million and $155 million, with a gross margin of 37% to 39%[5] - The company anticipates continued strength in defense, space, and AI end markets throughout the year[4] - The company anticipates continued growth in the upcoming quarters, driven by new product launches and market expansion strategies[35] Cost and Expenses - Research and development costs rose to $7,222 thousand, up from $5,215 thousand, reflecting a focus on innovation[19] - Restructuring charges for Q1 2025 amounted to $2.933 million, compared to $0.065 million in Q1 2024, showing a significant increase in restructuring costs[34] - Unrealized foreign currency exchange losses for Q1 2025 were $3.663 million, compared to losses of $0.899 million in Q1 2024, highlighting increased volatility in foreign exchange[34] Financial Position - Total current assets decreased slightly to $368,425 thousand from $373,530 thousand year-over-year[22] - Total liabilities decreased to $482,521 thousand from $508,627 thousand, indicating improved financial health[22] - Cash and cash equivalents at the end of Q1 2025 were $65,927 thousand, down from $71,320 thousand in Q1 2024[25] Leadership Changes - Farouq Tuweiq has been appointed as Bel's President and CEO, effective immediately after the Annual Meeting of Shareholders in May 2025[8] Tariff and Trade Considerations - Approximately 75% of global sales are not currently subject to recent U.S. tariffs, with about 10% of consolidated sales related to products manufactured in China[5] - The company is closely monitoring the evolving tariff landscape and assessing potential alternatives[5] Strategic Initiatives - Bel Fuse is focusing on integrating recent acquisitions to enhance operational efficiency and market reach[35] - The company has modified its Non-GAAP financial measures to exclude stock-based compensation, amortization of intangibles, and unrealized foreign currency exchange gains/losses, enhancing clarity in operational performance[37] - The company plans to utilize Non-GAAP measures for performance comparisons and incentive compensation determinations, providing additional insights for investors[40]

Core Insights - Bel Fuse Inc. reported preliminary financial results for Q1 2025, showing a significant increase in net sales and gross profit margin compared to the same period last year [1][9] - The company anticipates continued strength in defense, space, and AI markets, which are expected to offset declines in rail, e-Mobility, and consumer markets [3][4] - A management transition is set to occur, with Farouq Tuweiq appointed as the new President and CEO [5][9] Financial Performance - Net sales reached $152.2 million, up from $128.1 million in Q1 2024, marking an 18.9% increase [9] - Gross profit margin improved to 38.6%, compared to 37.5% in Q1 2024 [9] - GAAP net earnings attributable to Bel shareholders were $17.9 million, an increase from $15.9 million in Q1 2024 [9] Market Dynamics - The company is experiencing increased demand in defense and commercial aerospace sectors, as well as in the emerging AI market [3] - Approximately 75% of global sales are not currently affected by recent U.S. tariffs, with only about 10% of sales linked to products manufactured in China [4] - The company has adjusted its Q2 2025 sales guidance to $145 to $155 million, accounting for potential impacts from tariffs [4] Product Group Performance - Power Solutions and Protection sales increased to $83.1 million from $60.2 million, while Connectivity Solutions saw a decline of 6.5% [18] - Magnetic Solutions experienced a 36.1% increase in sales, reflecting strong demand [18] Non-GAAP Financial Measures - Non-GAAP net earnings attributable to Bel shareholders were $16.8 million, slightly down from $17.0 million in Q1 2024 [9] - Adjusted EBITDA for Q1 2025 was $30.9 million, representing 20.3% of sales, compared to $22.4 million or 17.5% of sales in Q1 2024 [9][19]

Core Viewpoint - Bel Fuse Inc. is set to release preliminary financial results for the first quarter on April 24, 2025, with a conference call scheduled for April 25, 2025 [1] Company Overview - Bel Fuse Inc. designs, manufactures, and markets a wide range of products that power, protect, and connect electronic circuits [2] - The company's products are utilized in various industries including defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation, and eMobility [2] - Bel's product categories include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions, with operations in facilities worldwide [2]