Dial in: 877.407.0784, or international: 201.689.8560 How: Live over the internet – Simply log on to the web at the address above Replay: 844.512.2921, or international: 412.317.6671 A replay will be available after 12:30 p.m. ET for 30 days following the call. Contacts: WEST ORANGE, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release prelimina ...

Three Part Advisors Jean Marie Young, Managing Director Steven Hooser, Partner jyoung@threepa.com shooser@threepa.com WEST ORANGE, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the second quarter after market close on Wednesday, July 24, 2024. An earnings conference call has been scheduled as follows: Rep ...

WEST ORANGE, N.J., May 31, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (NASDAQ:BELFA), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced its investor conference schedule for June 2024: Stifel Cross Sector Insight Conference Farouq Tuweiq, CFO Lynn Hutkin, VP Financial Reporting & Investor Relations Tuesday, June 4, 2024 The InterContinental Boston Conducting meetings throughout the day 14th Annual East Coast IDEAS Investor Conference Farouq Tuweiq, CFO ...

WEST ORANGE, N.J., May 03, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (NASDAQ:BELFA), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced its investor conference schedule for May 2024: Oppenheimer 19th Annual Industrial Growth Conference (Virtual)Farouq Tuweiq, CFOLynn Hutkin, VP Financial Reporting & Investor RelationsTuesday, May 7, 2024Conducting meetings throughout the day with a presentation at 1:30 pm ET Cowen 52nd Annual Technology, Media & Telec ...

| --- | |-----------------------------------------| | | | Item 4. Mine Safety Disclosures | | Not applicable. | | Item 5. Other Information | Rule 10b5-1 Trading Arrangements and Non-Rule 10b5-1 Trading Arrangements During the fiscal quarter ended March 31, 2024, none of our officers or directors, as those terms are defined in Rule 16a-1(f), adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement," as those terms are defined in Item 408 of Regulation S-K. 25 Table ...

Financial Performance - Net earnings for Q1 2024 increased to $15,874,000 from $14,572,000 in Q1 2023, representing an 8.9% increase[1] - GAAP net sales for Q1 2024 were $128,090,000, down 25.7% from $172,344,000 in Q1 2023[4] - Net sales for Q1 2024 were $128.1 million, down from $172.3 million in Q1 2023[20] - Adjusted EBITDA for Q1 2024 was $24,535,000, compared to $28,073,000 in Q1 2023, reflecting a decrease of 12.1%[6] - Adjusted EBITDA was $24.5 million, representing 19.2% of sales, compared to $28.1 million or 16.3% of sales in Q1 2023[20] - Gross profit margin improved to 37.5%, up from 31.1% in Q1 2023[20] Segment Performance - The Power Solutions and Protection segment saw a 27.6% decline in sales, dropping to $60,247,000 from $83,181,000[4] - Connectivity Solutions segment sales increased slightly by 1.7% to $54,285,000 from $53,396,000[4] - Magnetic Solutions segment experienced a significant decline of 62.1%, with sales falling to $13,558,000 from $35,767,000[4] - The Connectivity segment showed strong sales in commercial air, defense, and the emerging space market[20] - The Power Solutions and Protection segments contributed significantly to margin expansion compared to Q1 2023[20] Cash Flow and Investments - Total cash provided by operating activities decreased significantly to $6,192,000 from $16,835,000, a decline of 63.2%[1] - Cash used in investing activities totaled $15,623,000, compared to $13,711,000 in the previous year, indicating an increase in investment outflows[1] - The effect of exchange rate changes resulted in a cash decrease of $1,500,000, contrasting with a gain of $279,000 in the prior year[1] - The company paid $837,000 in dividends to common stockholders, a slight increase from $829,000 in the previous year[1] Balance Sheet Highlights - Total current assets decreased from $381,478 thousand to $364,339 thousand, a decline of approximately 4%[32] - Cash and cash equivalents decreased from $89,371 thousand to $71,320 thousand, a decline of approximately 20%[32] - Total liabilities decreased from $231,073 thousand to $208,680 thousand, a decline of approximately 10%[32] - Total stockholders' equity increased from $340,558 thousand to $346,657 thousand, an increase of approximately 2%[32] - Total assets decreased from $571,631 thousand to $555,337 thousand, a decline of approximately 3%[32] - Accounts payable decreased from $40,441 thousand to $32,818 thousand, a decline of approximately 19%[32] - Other current liabilities decreased from $63,818 thousand to $47,953 thousand, a decline of approximately 25%[32] - Operating lease liability, long-term increased from $14,212 thousand to $15,727 thousand, an increase of approximately 11%[32] - Goodwill and other intangible assets, net decreased from $76,033 thousand to $73,215 thousand, a decline of approximately 4%[32] - Held to maturity U.S. Treasury securities increased from $37,548 thousand to $49,900 thousand, an increase of approximately 33%[32] Future Outlook - Q2 2024 net sales are expected to range between $125 million and $135 million, with gross margins projected at 34-36%[22] - The company is monitoring inventory destocking and anticipates a rebound in demand by mid-year[22] - Gross margin performance benefited from a favorable product mix and cost savings from facility consolidation efforts[21]

WEST ORANGE, N.J., April 11, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the first quarter after market close on Thursday, April 25, 2024. An earnings conference call has been scheduled as follows: When:Friday, April 26, 2024 at 8:30 a.m. ET  Dial in:877.407.0784, or international: 201.689.8560  Online:https://ir.belf ...

(MARK ONE) BEL FUSE INC. 22-1463699 (I.R.S.EmployerIdentificationNo.) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter perio ...

WEST ORANGE, N.J., March 07, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (NASDAQ:BELFA) ("Bel" or the "Company"), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced that John Tweedy will retire from the Board and not stand for re-election at the Company's 2024 Annual Meeting of Shareholders. The Board of Directors plans to nominate David Valletta to join the Board in 2024. Mr. Tweedy has served on Bel's Board since 1996 and throughout the years ...

WEST ORANGE, N.J., March 05, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (NASDAQ:BELFA), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced the following conference participation: What:36th Annual Roth Conference  When:March 19 –Meetings throughout the day  Where:Laguna Niguel  Who:Farouq Tuweiq, CFO   About Bel Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. ...