Start Time: 08:30 January 1, 0000 9:23 AM ET Bel Fuse Inc. (NASDAQ:BELFB) Q4 2023 Earnings Conference Call February 22, 2024, 08:30 AM ET Company Participants Dan Bernstein - President and CEO Farouq Tuweiq - CFO Lynn Hutkin - VP of Financial Reporting and IR Jean Marie Young - Three Part Advisors, IR Conference Call Participants James Ricchiuti - Needham and Company Bobby Brooks - Northland Capital Markets Theodore O'Neill - Litchfield Hills Research Hendi Susanto - Gabelli Funds Operator Good morning, and ...

Bel Fuse (BELFB) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.86%. A quarter ago, it was expected that this maker of electronic products for circuits would post earnings of $1.19 per share when it actually produced earnings of $1.55, delivering a surprise of 30.25%.Over the last ...

Bel Fuse Inc. 300 Executive Drive Suite 300 West Orange, NJ 07052 www.belfuse.com tel 201.432.0463 WEST ORANGE, NJ, Wednesday, February 21, 2024 -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2023. "In closing out 2023, we were very pleased with the financial turnaround that the team was able to achieve in a tough macro environment," said Daniel Bernstein, President and CEO. "Our diversity in product segments and end markets s ...

Bel Fuse (BELFB) closed at $67.81 in the latest trading session, marking a -1.71% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.07%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq gained 1.74%.Shares of the maker of electronic products for circuits witnessed a gain of 10.77% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.83% and the S&P 500's gain of 2.93%.The investment community will be ...

In the latest market close, Bel Fuse (BELFB) reached $66.22, with a -0.94% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.07%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.36%.The maker of electronic products for circuits's shares have seen a decrease of 0.89% over the last month, not keeping up with the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 3.05%.Analysts and investors al ...

The most recent trading session ended with Bel Fuse (BELFB) standing at $62.96, reflecting a +0.67% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.02%.The maker of electronic products for circuits's stock has dropped by 1.65% in the past month, falling short of the Computer and Technology sector's gain of 2.68% and the S&P 500's gain of ...

The carrying amounts of the major classes of assets and liabilities included as part of the sale were as follows: The following table provides information about disaggregated revenue by geographic region and sales channel, and includes a customer prepayments on invoices related to surcharges and expedite fees, which will be recorded as revenue in the period in which the related finished goods are shipped to the customer. The following table sets forth the calculation of basic and diluted net earnings per co ...

The Company does not have any financial assets measured at fair value on a recurring basis categorized as Level 3, and there were no transfers in or out of Level 1, Level 2 or Level 3 during the six months ended June 30, 2023 or June 30, 2022. There were no changes to the Company's valuation techniques used to measure asset fair values on a recurring or nonrecurring basis during the six months ended June 30, 2023 or June 30, 2022. The Company has other financial instruments, such as cash and cash equivalent ...

In connection with the Company's 2021 acquisition of EOS Power ("EOS"), there is an ongoing claim asserted with respect to EOS by the Principal Commissioner of Customs (Preventive), Mumbai related to customs duties and imposed fines and penalties dating back to 1994. The original demand was in the amount of approximately $1.4 million, of which EOS has paid $0.5 million. EOS filed an Appeal in 2016 which is pending with the Customs, Excise and Service Tax Appellate Tribunal in Mumbai related to the $0.9 mill ...

NewJersey (Stateofincorporation) Table of Contents Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. | --- | --- | --- | --- | |-------------------------|-----------------------------|------------------------------- ...