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BELFB vs. GRMN: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-12-30 17:41
Investors with an interest in Electronics - Miscellaneous Products stocks have likely encountered both Bel Fuse (BELFB) and Garmin (GRMN) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimat ...
Best Value Stocks to Buy for December 30th
ZACKS· 2024-12-30 11:25
Here are two stocks with buy rank and strong value characteristics for investors to consider today, December 30th:USANA Health Sciences, Inc. (USNA) : This nutritional, personal care, and skincare products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.8% over the last 60 days.USANA has a price-to-earnings ratio (P/E) of 14.57, compared with 24.88 for the S&P 500. The company possesses a Value Score  of A.Bel Fuse Inc. (BELFB) : Th ...
Bel Fuse Announces Upcoming Investor Conference Schedule for December 2024
GlobeNewswire News Room· 2024-12-02 13:30
WEST ORANGE, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced its investor conference schedule for December 2024: Oppenheimer Midwest Virtual SummitFarouq Tuweiq, CFOLynn Hutkin, VP Financial Reporting & Investor RelationsWednesday, December 11, 2024Conducting meetings throughout the day Northland Virtual Growth Conference Farouq Tuweiq, CFOLynn Hutkin, VP Financial ...
Bel Fuse (BELFB) - 2024 Q3 - Quarterly Report
2024-10-29 17:37
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 September 30, 2024 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. (Exact name of registrant as specified in its charter) New Jersey 22-1463699 (I.R. ...
Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares
GlobeNewswire News Room· 2024-10-29 12:30
WEST ORANGE, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- BEL FUSE INC. (NASDAQ:BELFA) and (NASDAQ:BELFB) today 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 31, 2025 to shareholders of record on January 15, 2025. Bel currently has approximately 12,547,000 common shares outstanding, ...
Bel Fuse (BELFB) - 2024 Q3 - Earnings Call Transcript
2024-10-24 16:53
Financial Data and Key Metrics - Q3 2024 sales were $123.6 million, a 22.1% decline from Q3 2023, driven by lower sales in Power and Magnetics segments, partially offset by growth in Connectivity sales [7] - Gross margin increased to 36.1% in Q3 2024 from 35% in Q3 2023, driven by operational efficiencies in Magnetics and Connectivity segments [7] - Power Solutions and Protection sales declined 35% YoY to $48.7 million, with rail products growing over 40% YoY to $2.6 million [8] - Connectivity Solutions Group sales grew 7.6% YoY to $55.7 million, with commercial air applications up 10.3% to $12.5 million [8] - Magnetic Solutions Group sales decreased 40% YoY to $19.2 million, in line with expectations due to lower shipments to a large networking customer [9] Business Line Performance - Power segment sales were impacted by seasonality in Europe and trade restrictions on a former supplier in China [4] - Connectivity segment saw strong growth in Aerospace, Defense, and Space applications, despite a strike at one aerospace customer [4][5] - Magnetics segment experienced incremental growth sequentially from Q2 2024, driven by facility consolidations and lower fixed overhead costs [4][9] Market Performance - Aerospace and Defense markets drove Connectivity segment growth, with military sales consistent at $11.6 million [8] - Space revenue for Q3 was $2 million, bringing year-to-date revenue to $6.3 million [37] - Rail products showed strength, growing over 40% YoY, primarily driven by European-based customers [8][44] Strategic Direction and Industry Competition - The company is transitioning from a self-help phase to a growth phase, with new leadership additions and the acquisition of Enercon Technologies [6][14] - Enercon acquisition will expand the company's presence in Aerospace and Defense markets, offering cross-selling opportunities and new product capabilities [14][39][40] - The company is focusing on operational improvements, including facility consolidations and cost-saving initiatives, expected to save $1.5 million annually [13] Management Commentary on Operating Environment and Future Outlook - Management expects year-over-year growth across all segments in 2025, driven by AI, e-mobility, and space markets [16][17] - The company anticipates a rebound in rail sales and recovery in networking and distribution in Q4 2024, despite seasonal slowdowns [15] - Bookings in Q3 2024 showed strong growth, particularly in Power and Magnetics segments, indicating potential for higher sales in 2025 [16][27] Other Important Information - The company incurred a one-time tax provision of $1.3 million, resulting in an effective tax rate of 27.8% for Q3 2024 [11] - Cash and securities increased by $36.9 million from year-end, with $65.7 million generated from operating activities in the first nine months of 2024 [11] - Inventory levels decreased by $12.3 million from year-end, reflecting continued efforts to manage inventory on hand [11] Q&A Session Summary Question: Factors driving the sequential decline in Power segment sales [20] - The decline was primarily due to seasonality in Europe and trade restrictions on a former supplier in China [21] Question: Confidence in year-over-year growth for Power segment in 2025 [22] - Management expects growth in 2025, driven by AI, e-mobility, and space markets, supported by strong bookings in Q3 2024 [22][26] Question: Impact of the strike on Q3 sales and Q4 guidance [30] - The strike had a minor impact on Q3 sales, and Q4 guidance reflects the potential for a prolonged strike [31][32] Question: Green shoots in networking and industrial markets [33] - Management sees new growth opportunities in AI, Space, and EV markets, with existing customers returning to normal ordering patterns as inventory levels normalize [34][35] Question: Enercon acquisition and cross-selling opportunities [39] - Enercon brings new capabilities in Aerospace and Defense markets, with potential for cross-selling and expanding into new markets [39][40][42] Question: Regional strength in rail business [43] - Rail business is primarily driven by European-based customers, with manufacturing in Slovakia [43][44]
Bel Fuse (BELFB) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-23 22:30
Bel Fuse (BELFB) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.24%. A quarter ago, it was expected that this maker of electronic products for circuits would post earnings of $0.92 per share when it actually produced earnings of $1.50, delivering a surprise of 63.04%.Over the last ...
Bel Fuse (BELFB) - 2024 Q3 - Quarterly Results
2024-10-23 20:19
Exhibit 99.1 Bel Fuse Inc. 300 Executive Drive Suite 300 West Orange, NJ 07052 www.belfuse.com tel 201.432.0463 Bel Reports Third Quarter 2024 Results Sales and Gross Margin Percentage Above Mid-Point of Expected Ranges Provides Q4-24 Sales and Gross Margin Guidance WEST ORANGE, NJ, Wednesday, October 23, 2024-- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the third quarter of 2024. Third Quarter 2024 Highlights • Net sales of $123.6 million compared to $158.7 mi ...
Bel Fuse Schedules Third Quarter 2024 Financial Results Conference Call
GlobeNewswire News Room· 2024-10-09 20:15
WEST ORANGE, N.J., Oct. 09, 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 third quarter after market close on Wednesday, October 23, 2024. An earnings conference call has been scheduled as follows: When: Thursday, October 24, 2024 at 8:30 a.m. ET Dial in: 877.407.0784, or international: 201.689.8560 Online: https:// ...
Bel Fuse (BELFB) Soars 16.5%: Is Further Upside Left in the Stock?
ZACKS· 2024-09-20 16:46
Bel Fuse (BELFB) shares ended the last trading session 16.5% higher at $80.93. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.9% gain over the past four weeks. Belfuse is benefiting from an expanding product portfolio, increasing end-customer demand and a favorable product mix. This maker of electronic products for circuits is expected to post quarterly earnings of $0.85 per share in its upcoming report, which r ...