Core Viewpoint - Bel Fuse Inc. has appointed Tom Smelker as President of Connectivity Solutions, effective January 26, 2026, to drive growth and innovation in the aerospace and defense sectors [1][4]. Group 1: Appointment and Background - Tom Smelker brings over two decades of experience in the aerospace and defense sectors, previously serving as Senior Vice President and General Manager at Mercury Systems, managing a $400+ million P&L across ten sites [2]. - At Mercury Systems, he achieved a significant turnaround in profitability and repositioned key product lines into top-performing units [2]. - Prior to Mercury Systems, Smelker spent 19 years at Raytheon, where he advanced to Senior Fellow in Secure Processing and launched a secure systems business [2][3]. Group 2: Expertise and Strategic Fit - Smelker's expertise includes ruggedized computing, RF systems, secure microelectronics, and space technologies, aligning closely with Bel's strategic priorities [3]. - His leadership experience in P&L management and global operational oversight positions him well to lead Bel's Connectivity Solutions business unit [3]. Group 3: Leadership Comments - Farouq Tuweiq, CEO of Bel, expressed enthusiasm about Smelker's appointment, highlighting his leadership skills and industry knowledge as crucial for the company's growth [4]. - Smelker noted the opportunity to contribute to Bel's commitment to innovation and its strong position in the aerospace and defense markets [4]. Group 4: Company Overview - Bel Fuse Inc. designs, manufactures, and markets products that power, protect, and connect electronic circuits, serving various industries including defense, commercial aerospace, telecommunications, and automotive [5]. - The company's product groups include Power Solutions, Connectivity Solutions, and Magnetic Solutions, with operations in facilities worldwide [5].

WEST ORANGE, N.J., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) (“Bel” or “the Company”), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced the anticipated retirement of Pete Bittner, President of Connectivity Solutions, effective April 3, 2026 after more than three decades of dedicated service. Pete Bittner joined Bel in 1990 and has been instrumental in driving the growth and success of the Connectivity Solutions bus ...

Summary of Bel Fuse Conference Call Company Overview - **Company Name**: Bel Fuse - **Industry**: Advanced Industrial Technology - **Annual Sales**: Over $650 million - **EBITDA Margin**: Almost 21% - **History**: Established in 1949, with a focus on designing and manufacturing components for electronic circuits - **Recent Recognition**: Named by Forbes as one of America's most successful small companies for 2026 [6][6] Transformation and Growth - **Business Segments**: Operates in three segments: Power (over 50% of sales), Connectivity (about one-third), and Magnetics (13%) [9][10] - **Market Focus**: Nearly 40% of sales are now from aerospace and defense (A&D) markets, up from 17% due to the Enercon acquisition in November 2024 [7][8] - **Sales Performance**: Sales have remained relatively flat over the past five years, with a significant improvement in EBITDA margins from 5% in 2020 to almost 21% [11][12] - **Strategic Changes**: Implemented measures to improve profitability, including SKU-level profitability analysis, price adjustments, and a shift to a pay-for-performance culture [12][12] Demand Trends - **2025 Outlook**: Anticipated continued strength in demand across various markets, with minor pockets of weakness [14][15] - **Recovery Dynamics**: The recovery from the 2024 destocking phase is characterized by actual demand rather than restocking, indicating a more rational market approach [15][15] - **Power Solutions**: Key applications include networking, data centers, AI infrastructure, rail, and e-mobility, with AI-related sales showing robust growth [18][19] Acquisition of Enercon - **Acquisition Details**: Enercon was acquired to enhance exposure to the A&D market, performing as expected with strong visibility for future growth [22][23] - **Sole Source Business**: Enercon has a high percentage of sole-source contracts, which is a strategic focus for Bel Fuse [25][25] Backlog and Visibility - **Backlog Growth**: Increased visibility in the A&D segment due to long lead times for orders, with expectations for a strong 2026 [27][28] - **Portfolio Management**: Shifted focus to more profitable business segments, divesting from less profitable areas [29][29] Margin Sustainability - **Current Margins**: Margins are considered industry-leading, with ongoing efforts to manage costs and maintain profitability despite inflationary pressures [31][32] - **Operational Leverage**: Emphasis on using gross margin improvements to drive top-line growth and invest in new technologies [31][31] Future Growth Opportunities - **Sales Strategy**: Focus on building a robust sales team and implementing CRM systems to enhance market reach and customer relationships [43][44] - **M&A Strategy**: Actively seeking acquisitions in A&D, semiconductors, and medical sectors, with a strong financial position to support growth [66][67] Conclusion - **Overall Outlook**: Bel Fuse is positioned for continued growth with a strong focus on profitability, strategic acquisitions, and expanding its market presence in key sectors like aerospace and defense, AI, and networking [66][67]

Company Overview - Bel Fuse's annual sales are $657 million[6] - Adjusted EBITDA is $137 million, representing 20.9% of sales[6] - Original Equipment Manufacturers (OEM) account for 75% of Bel Fuse's customer base, while distributors make up 25%[10] - North America accounts for 65% of the company's geographic revenue, Asia 19%, and Europe 15%[10] Segment Performance - Power Solutions & Protection revenue was $224.4 million[12] - Connectivity Solutions revenue was $220.4 million[12] - Magnetic Solutions revenue was $210.6 million[12] - Aerospace/Defense TTM revenue was $163.5 million[12] Financial Transformation - Gross Margin has increased from 24.7% in 2021 to 38.7% in TTM Q3-25[14] - Historical Revenue increased from $535 million in 2023 to $657 million in TTM Q3-25[14] - Historical Adjusted EBITDA increased from $101.9 million in 2023 to $137.4 million in TTM Q3-25[18] Growth Drivers - Approximately 40% of Bel's sales support Aerospace & Defense applications[30] - Emerging end markets (Space & AI) have seen significant growth[31]

Core Viewpoint - Bel Fuse Inc. is actively participating in the 28th Annual Needham Growth Conference, indicating its commitment to engaging with investors and showcasing its business strategies and growth potential [1][2]. Company Overview - Bel Fuse Inc. designs, manufactures, and markets a wide range of products that power, protect, and connect electronic circuits, serving various industries including networking, telecommunications, computing, military, aerospace, medical, transportation, and broadcasting [3]. - The company's product groups include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions, highlighting its diverse offerings in the electronic components market [3]. Event Details - The 28th Annual Needham Growth Conference will take place on January 13, 2026, at the Lotte NY Palace Hotel in New York, featuring a presentation by CEO Farouq Tuweiq and CFO Lynn Hutkin at 1:30 PM ET [2]. - Investors can access the presentation deck and webcast through the investor relations section of Bel Fuse's website [2].

Financial Data and Key Metrics Changes - Consolidated net sales for fiscal year 2025 increased by 9.5% to $73 million compared to $66.7 million for fiscal year 2024 [14] - Gross profit grew by 24.1% to $22.6 million in fiscal 2025 compared to $18.2 million for fiscal 2024, with gross profit margin increasing to 30.9% from 27.3% [15][16] - SG&A expenses increased to $23 million in fiscal year 2025 compared to $21.5 million in fiscal year 2024, but as a percentage of net sales, it decreased to 31.4% from 32.2% [17] Business Line Data and Key Metrics Changes - Sales increases were noted in both enterprise and specialty markets during fiscal year 2025 [14] - In the fourth quarter of fiscal year 2025, net sales increased by 1.8% to $19.8 million compared to $19.5 million for the same period in the prior year [15] Market Data and Key Metrics Changes - The sales order backlog and forward load at the end of fiscal year 2025 was $7.3 million compared to $5.7 million as of October 31, 2024, indicating growth opportunities [14] Company Strategy and Development Direction - The company entered into a strategic collaboration with Lyttera to expand product offerings, particularly for the data center and enterprise sectors [5][9] - OCC is focusing on expanding its presence in targeted market sectors and enhancing product solutions, especially in response to the growing demand for cloud computing and AI applications [8][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth opportunities in fiscal year 2026, driven by the successful execution of growth strategies and strong positioning in target markets [4][12] - The company anticipates that the data center market will provide significant revenue growth opportunities in fiscal year 2026 [21][25] Other Important Information - OCC recorded a net loss of $1.5 million for fiscal year 2025, an improvement from a net loss of $4.2 million in fiscal year 2024 [18] - The company noted that gross profit margin percentages are heavily dependent on product mix and may vary based on changes in product mix [16] Q&A Session Summary Question: Update on the data center opportunity - Management believes the data center markets are strong and will continue to grow, with expectations for impact in fiscal year 2026 [21] Question: Improvements in OCC and markets - OCC continues to see strength in most targeted market sectors, with some project delays but no significant negative impact on growth [22] Question: Potential sales for 2026 and 2027 - Management does not provide forward-looking guidance but is optimistic about potential increases in sales based on expected opportunities [27] Question: Financial metrics behind operational leverage - Management stated that operating leverage results from fixed costs being spread over higher sales, but no specific formula can be provided [29] Question: Seasonality expectations for 2026 - Management confirmed that seasonality impacts are expected in the first and second quarters, although larger orders could alter this [31] Question: Focus on tier 2 data centers - OCC's products are best suited for tier 2 or multi-tenant data centers, with significant growth opportunities anticipated in this segment [32] Question: Capacity constraints - OCC believes it has the capacity to capture expected growth opportunities in fiscal year 2026 [33] Question: Recent hiring and operational expenses - Management noted ongoing hiring efforts, primarily in manufacturing, without significant increases in operating expenses expected [34] Question: Progress of the Lyttera collaboration - The collaboration is progressing well, with expectations for growing opportunities in fiscal year 2026 [36] Question: Lyttera's investment and demand for OCC - OCC cannot comment on Lyttera's specific business plans or announcements [37]

Core Viewpoint - Bel Fuse Inc. anticipates a pre-tax impairment charge of up to approximately $14 million related to its investment in Innolectric AG due to ongoing challenges in the e-Mobility market and Innolectric's insolvency proceedings [1][3][4] Investment Details - Bel acquired a noncontrolling one-third stake in Innolectric in February 2023, recognizing its potential in the e-Mobility sector driven by innovative power products and a strong intellectual property portfolio [2] - Despite Innolectric's strengths, factors such as market exits, reduced government incentives, and weaknesses in the global electric vehicle sector have led to operating losses and delayed sales [2][3] Financial Impact - The anticipated impairment charge reflects the full potential loss associated with the investment, including outstanding notes receivable from loans extended to Innolectric [3] - Bel recorded losses of $0.4 million for the nine months ended September 30, 2025, and $0.6 million for the year ended December 31, 2024, related to its minority interest in Innolectric [3] Strategic Decisions - Bel decided against acquiring the remaining two-thirds stake in Innolectric, considering the current market conditions, the time required to achieve breakeven, and other capital allocation priorities [4]

Core Viewpoint - Bel Fuse Inc. is actively engaging with investors through a series of conferences scheduled for November 2025, showcasing its commitment to transparency and investor relations [1][2]. Group 1: Investor Conference Schedule - Bel Fuse Inc. will participate in the Baird 55 Annual Global Industrial Conference on November 12, 2025, with a presentation at 4:30 ET [1]. - The company will also attend the Raymond James Napa Valley Small Cap Symposium on November 17, 2025, and the Wells Fargo 9 Annual TMT Summit on November 18, 2025, with meetings scheduled throughout both days [2]. Group 2: Company Overview - Bel Fuse Inc. designs, manufactures, and markets a wide range of products that power, protect, and connect electronic circuits, serving various industries including networking, telecommunications, computing, military, aerospace, medical, transportation, and broadcasting [3]. - The company's product groups include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions, with operations in facilities around the world [3]. Group 3: Contact Information - Investor relations can be directed to Lynn Hutkin, CFO, via email at ir@belf.com, or through Three Part Advisors, with contacts Jean Marie Young and Steven Hooser available for inquiries [4].

Core Insights - Bel Fuse reported revenue of $178.98 million for the quarter ended September 2025, marking a 44.8% increase year-over-year [1] - The earnings per share (EPS) for the quarter was $2.09, up from $0.92 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $170.43 million by 5.02% [1] - The EPS also surpassed the consensus estimate of $1.68 by 24.4% [1] Revenue Breakdown - Power Solutions and Protection segment generated net sales of $94.41 million, exceeding the two-analyst average estimate of $89.55 million, with a year-over-year increase of 93.9% [4] - Magnetic Solutions segment reported net sales of $22.7 million, slightly below the two-analyst average estimate of $25 million, reflecting an 18% year-over-year increase [4] - Connectivity Solutions segment achieved net sales of $61.87 million, surpassing the average estimate of $58.1 million based on two analysts, with an 11.1% year-over-year change [4] Stock Performance - Bel Fuse shares have returned +9.8% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Bel Fuse Inc. reported strong preliminary financial results for Q3 2025, with net sales of $179.0 million, a 44.8% increase from $123.6 million in Q3 2024, and a gross profit margin of 39.7%, up from 36.1% in the same period last year [7][22]. Financial Performance - Net sales for Q3 2025 reached $179.0 million, compared to $123.6 million in Q3 2024, reflecting a growth of 44.8% [7]. - Gross profit margin improved to 39.7% in Q3 2025 from 36.1% in Q3 2024, indicating effective cost management and higher sales volumes [7][22]. - GAAP net earnings attributable to Bel shareholders were $22.3 million in Q3 2025, significantly higher than $8.1 million in Q3 2024 [7]. - Adjusted EBITDA for Q3 2025 was $39.2 million, representing 21.9% of sales, compared to $21.5 million or 17.4% of sales in Q3 2024 [7][23]. Business Segments - The Power Solutions and Protection segment saw sales of $94.4 million in Q3 2025, a 93.9% increase from $48.7 million in Q3 2024, with a gross margin of 41.8% [21][22]. - Connectivity Solutions generated $61.9 million in sales, an 11.0% increase from $55.7 million in Q3 2024, with a gross margin of 40.3% [21][22]. - Magnetic Solutions reported sales of $22.7 million, up 18.0% from $19.2 million in Q3 2024, with a gross margin of 29.0% [21][22]. Future Outlook - For Q4 2025, the company estimates net sales between $165 million and $180 million, with gross margins expected to remain healthy in the range of 37% to 39% [3][2]. - The company emphasizes strong internal collaboration and a focus on growth and new opportunities as it moves forward [3].