Bel Fuse, Inc. (NASDAQ:BELFB) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Jean Young - Three Part Advisors Daniel Bernstein - President, CEO & Director Lynn Hutkin - Director, Financial Reporting, Principal Accounting Officer & Company Secretary Farouq Tuweiq - CFO, Principal Financial Officer & Treasurer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Hendi Susanto - Gabelli Funds Chris Grenga - Needham & Company Operator Good day, and welcome t ...

March 23-24, 2022 Sidoti Conference Safe Harbor Statement The Company's consolidated operating results are affected by a wide variety of factors that could materially and adversely affect revenues and profitability, including the risk factors described in Item 1A of our 2021 Annual Report on Form 10-K. As a result of these and other factors, the Company may experience material fluctuations in future operating results on a quarterly or annual basis, which could materially and adversely affect its business, c ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission File No. 000-11676 _____________________ BEL FUSE INC. 206 Van Vorst Street Jersey C ...

Bel Fuse Inc. (NASDAQ:BELFB) Q4 2021 Earnings Conference Call February 25, 2022 8:30 AM ET Company Participants Jean Young - Three Part Advisors Dan Bernstein - President & Chief Executive Officer Lynn Hutkin - Director of Financial Reporting Farouq Tuweiq - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Hendi Susanto - Gabelli Funds Operator Good day, and welcome to the Bel Fuse Inc. Fourth Quarter and Full Year 2021 Results Conference Call. Today's confer ...

Revenue and Earnings - Revenue for the three months ended September 30, 2021, was $146.966 million, an increase of 18.1% compared to $124.492 million for the same period in 2020[10]. - Net earnings available to common stockholders for the three months ended September 30, 2021, were $5.734 million, a decrease of 23.3% from $7.475 million in the same period in 2020[10]. - Net earnings for the nine months ended September 30, 2021, were $16,813,000, compared to $9,244,000 for the same period in 2020, representing an increase of 82.7%[16]. - Comprehensive income for the three months ended September 30, 2021, was $3.898 million, compared to $11.129 million for the same period in 2020[12]. - The company reported a net loss of $3,804,000 for the quarter ended December 31, 2019, highlighting challenges faced during that period[15]. Expenses and Costs - Research and development costs for the three months ended September 30, 2021, were $5.918 million, slightly up from $5.713 million in the same period of 2020[10]. - Selling, general and administrative expenses for the nine months ended September 30, 2021, were $64.757 million, up from $59.140 million in the same period of 2020[10]. - The company reported depreciation and amortization expenses of $12,514,000 for the nine months ended September 30, 2021, slightly up from $12,322,000 in 2020[16]. - The company incurred $1.5 million in interest expense for the three months ended September 30, 2021, compared to $1.2 million for the same period in 2020, reflecting an increase of approximately 25%[69]. - Stock-based compensation expense for the quarter was $598,000, reflecting ongoing investment in employee incentives[14]. Acquisitions and Investments - The acquisition of rms Connectors was completed for $9,000,000, enhancing the company's military and aerospace product portfolio[25]. - The acquisition of EOS Power was completed for $7,800,000, expected to strengthen the company's position in industrial and medical markets[26]. - The company incurred $16,811,000 in cash payments for acquisitions during the nine months ended September 30, 2021[16]. - The fair value of identifiable net assets acquired was $18,055 thousand, with goodwill of $2,659 thousand during the period[16]. - The 2021 Acquired Companies contributed revenues of $4.3 million and estimated net earnings of $0.2 million for the three months ended September 30, 2021[33]. Assets and Liabilities - Total liabilities and stockholders' equity as of September 30, 2021, were $487.583 million, an increase from $453.866 million as of December 31, 2020[10]. - Total cash and cash equivalents at the end of the period were $61,961,000, down from $81,129,000 at the end of the previous year[16]. - The estimated fair value of total debt as of September 30, 2021, was $112.5 million, compared to a carrying amount of $112.0 million[53]. - The company recorded liabilities for uncertain tax positions totaling $27.6 million as of September 30, 2021, a decrease from $28.5 million on December 31, 2020[72]. - The total identifiable assets increased from $11,707 million to $20,980 million, reflecting a significant growth in asset base[29]. Cash Flow and Financial Position - Cash flows from operating activities resulted in a net cash used of $1,714,000 for the nine months ended September 30, 2021, a significant decrease from the net cash provided of $34,769,000 in 2020[16]. - The company reported a net cash used in investing activities of $13,716,000, compared to $4,447,000 in the same period of 2020[16]. - The company experienced unrealized holding losses on marketable securities amounting to $1,000 for the quarter ended June 30, 2021[14]. - The company reported a foreign currency translation adjustment of $2,540,000, net of taxes, for the quarter ended June 30, 2021[14]. - The accumulated other comprehensive loss increased to $(19.69) million at September 30, 2021, from $(18.06) million at December 31, 2020[79]. Market Performance - Revenue from North America for the three months ended September 30, 2021, was $83.546 million, compared to $92.868 million in the same period of 2020, showing a decline of approximately 10%[39]. - Direct sales to customers accounted for $97.652 million in revenue for the three months ended September 30, 2021, while distribution sales contributed $49.314 million[40]. - The Cinch Connectivity Solutions segment generated revenue of $121,446 million with a gross profit margin of 27.0% for the nine months ended September 30, 2021[87]. - The Power Solutions and Protection segment reported revenue of $159,312 million and a gross profit margin of 25.7% for the same period[87]. - The Magnetic Solutions segment achieved revenue of $115,593 million with a gross profit margin of 20.8% for the nine months ended September 30, 2021[87]. Legal and Regulatory Matters - A patent infringement lawsuit was filed against the company, which may impact its operations[82]. - The estimated liability related to ongoing tax matters in Italy is approximately $12.0 million, included as a liability for uncertain tax positions[83]. - The company is not involved in any other legal proceedings that are likely to materially affect its financial condition[84].

Bel Fuse Inc. (NASDAQ:BELFB) Q3 2021 Earnings Conference Call October 29, 2021 11:00 AM ET Company Participants Dan Bernstein - President & Chief Executive Officer Lynn Hutkin - Director of Financial Reporting Farouq Tuweiq - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Jim Ricchiuti - Needham & Company Hendi Susanto - Gabelli Funds Mike Hughes - SGF Capital Operator Good day, and welcome to the Bel Fuse Inc. Third Quarter 2021 Results Conference Call. To ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission File No. 000-11676 BEL FUSE INC. 206 Van Vorst Street Jersey City, NJ 07302 (201) 432-0463 (Address of principal executi ...

Bel Fuse Inc. (NASDAQ:BELFB) Q2 2021 Earnings Conference Call July 30, 2021 11:00 AM ET Company Participants Daniel Bernstein - President and CEO Lynn Hutkin - Director of Financial Reporting Craig Brosious - Vice President, Finance Farouq Tuweiq - CFO Conference Call Participants James Ricchiuti - Needham & Company Theodore O'Neill - Litchfield Hills Research Hendi Susanto - Gabelli Funds Operator Good day, and welcome to the Bel Fuse Inc. Second Quarter 2021 Results Conference Call. At this time I'd like ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission File No. 000-11676 BEL FUSE INC. 206 Van Vorst Street Jersey City, NJ 07302 (201) 432-0463 (Address of principal execut ...

Bel Fuse Inc. (NASDAQ:BELFB) Q1 2021 Earnings Conference Call May 3, 2021 11:00 AM ET Company Participants Dan Bernstein - President and Chief Executive Officer Farouq Tuweiq - Chief Financial Officer Craig Brosious - Vice President of Finance Lynn Hutkin - Director of Financial Reporting Conference Call Participants Theodore O'Neill - Litchfield Hills Research Jim Ricchiuti - Needham & Company Hendi Susanto - Gabelli Funds Operator Good day, and welcome to the Bel Fuse Inc. First Quarter 2021 Results Confe ...