WEST ORANGE, N.J., Oct. 09, 2025 (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 29, 2025. An earnings conference call has been scheduled as follows: When:Thursday, October 30, 2025 at 8:30 a.m. ET Dial in:877.407.0784, or international: 201.689.8560 Online:https://i ...

WEST ORANGE, N.J., Oct. 09, 2025 (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 29, 2025. An earnings conference call has been scheduled as follows: When:Thursday, October 30, 2025 at 8:30 a.m. ET  Dial in:877.407.0784, or international: 201.689.8560  Online:https://i ...

Company Overview - Bel Fuse Inc. is a leading global manufacturer of products that power, protect, and connect electronic circuits [2] - The company operates in various industries including networking, telecommunications, computing, military, aerospace, medical, transportation, and broadcasting [2] - Bel's product groups include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions [2] Upcoming Event - Bel Fuse Inc. will participate in the 16th Annual Midwest IDEAS Conference on August 26, 2025 [1] - The conference will take place at the InterContinental Chicago Magnificent Mile, with a presentation scheduled for 10:15 AM ET [1] - Investor presentation materials will be available via the investor relations section of the company's website [1]

Core Insights - Bel Fuse reported $168.3 million in revenue for the quarter ended June 2025, marking a year-over-year increase of 26.3% and exceeding the Zacks Consensus Estimate of $151.24 million by 11.28% [1] - The company achieved an EPS of $1.67, up from $1.50 a year ago, representing a surprise of 21.9% compared to the consensus EPS estimate of $1.37 [1] Revenue Breakdown - Net Sales from Connectivity Solutions reached $59.2 million, surpassing the two-analyst average estimate of $54 million, with a year-over-year change of 2.4% [4] - Net Sales from Power Solutions and Protection totaled $86.8 million, exceeding the average estimate of $80.5 million, reflecting a significant year-over-year increase of 48.3% [4] - Net Sales from Magnetic Solutions amounted to $22.3 million, above the two-analyst average estimate of $19.6 million, with a year-over-year change of 32.5% [4] Stock Performance - Bel Fuse shares have returned 16.9% over the past month, outperforming the Zacks S&P 500 composite's 5.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Insights - Bel Fuse Inc. reported strong preliminary financial results for Q2 and the first half of 2025, exceeding expectations due to improved shipment times and inventory management [2][3] - The company experienced growth in defense and commercial aerospace sectors, alongside a recovery in networking and distribution sales after a prolonged period of inventory destocking [2][3] Financial Performance - Q2 2025 net sales reached $168.3 million, a 26.3% increase from $133.2 million in Q2 2024 [7] - Gross profit margin for Q2 2025 was 38.7%, down from 40.1% in Q2 2024 [7] - GAAP net earnings attributable to Bel shareholders were $26.9 million, compared to $18.8 million in Q2 2024 [7] - Adjusted EBITDA for Q2 2025 was $35.2 million, representing 20.9% of sales, compared to $27.7 million or 20.8% of sales in Q2 2024 [7][22] Future Guidance - For Q3 2025, the company anticipates net sales between $165 million and $180 million, with gross margins projected at 37% to 39% [3] - The optimistic outlook is supported by strong bookings in Q2 and expected sequential growth in the second half of the year [3] Product Group Performance - Power Solutions and Protection sales increased by 48.2% to $86.8 million in Q2 2025, with a gross margin of 41.9% [20] - Connectivity Solutions saw a slight increase of 2.4% in sales to $59.2 million, with a gross margin of 39.2% [20] - Magnetic Solutions experienced a 32.5% increase in sales to $22.3 million, with a gross margin of 28.7% [20] Operational Highlights - The company reported minimal impact from tariffs, with only $2.2 million in low-margin sales during Q2 [3] - Bel Fuse's strategic approach has been validated by its ability to deliver solid results amid market uncertainties [3]

Core Viewpoint - Bel Fuse Inc. is set to release preliminary financial results for the second quarter on July 24, 2025, with a conference call scheduled for July 25, 2025, at 8:30 a.m. ET [1] Company Overview - Bel Fuse Inc. designs, manufactures, and markets a wide range of products that power, protect, and connect electronic circuits [2] - The company's products are utilized in various industries, including defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation, and eMobility [2] - Bel's product categories include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions, with operations in facilities worldwide [2]

Company Transition - Dan Bernstein transitions from President and CEO to Chairman of the Board after over 45 years of service, marking a significant milestone for Bel Fuse Inc. [1] - Under Bernstein's leadership since 2001, Bel Fuse's revenue grew from under $100 million to over $600 million, and the company completed 19 strategic acquisitions [2]. New Leadership - Farouq Tuweiq, previously CFO, steps into the role of CEO, bringing a data-driven leadership style and a strong financial foundation to the company [3]. - Tuweiq's background in investment banking and strategic leadership is expected to support Bel's growth strategy and future goals [3]. Company Overview - Bel Fuse designs, manufactures, and markets products that power, protect, and connect electronic circuits, serving various industries including defense, aerospace, telecommunications, and automotive [5]. - The company's product groups include Power Solutions, Connectivity Solutions, and Magnetic Solutions, with operations in multiple facilities worldwide [5].

Group 1: Appointment of CFO - Bel Fuse Inc. announced the appointment of Lynn Hutkin as Chief Financial Officer (CFO) effective immediately after the Annual Meeting of Shareholders on May 27, 2025 [1] - Lynn Hutkin will succeed Farouq Tuweiq, who will transition to the role of President and CEO on the same date [1] - Hutkin has been with Bel since 2007, holding various roles, most recently as Vice President of Financial Reporting and Investor Relations [2] Group 2: Background and Experience of Lynn Hutkin - Throughout her tenure at Bel, Hutkin has been involved in mergers and acquisitions, bank financing, corporate insurance, and employee benefit programs [2] - She began her career at Arthur Andersen in the audit group and has held finance roles in various companies, including a $250 million publicly-traded courier company [2] - Hutkin holds a B.S. in Accountancy from Bentley University and is a licensed CPA in New Jersey [2] Group 3: Statements from Leadership - Farouq Tuweiq expressed excitement about continuing to work with Hutkin and acknowledged her integral role in strengthening financial practices at Bel [3] - Lynn Hutkin expressed honor in stepping into the CFO role and enthusiasm for the future goals of the company [3] Group 4: Company Overview - Bel Fuse Inc. designs, manufactures, and markets products that power, protect, and connect electronic circuits, serving various industries including defense, aerospace, telecommunications, and automotive [4] - The company's product groups include Power Solutions, Connectivity Solutions, and Magnetic Solutions, with applications in multiple sectors [4]

Company Overview - Bel Fuse Inc. is a leading global manufacturer of products that power, protect, and connect electronic circuits [1] - The company operates in various industries including defense, commercial aerospace, networking, telecommunications, computing, general industrial high-speed data transmission, transportation, and eMobility [1] - Bel's product groups include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions [1] Investor Conference Schedule - Bel Fuse Inc. will participate in Oppenheimer's 20th Annual Industrial Growth Conference on May 8, 2025, with a fireside chat at 12:45 pm ET [2] - The company will also attend the 22nd Annual Craig-Hallum Institutional Investor Conference on May 28, 2025, at the Depot Renaissance Hotel Minneapolis [2] - Additionally, Bel will be present at the KeyBanc Industrial & Basics Conference on May 29, 2025, at the InterContinental Boston [2]

Core Insights - Bel Fuse Inc. reported preliminary financial results for Q1 2025, showing a significant increase in net sales and gross profit margin compared to the same period last year [1][9] - The company anticipates continued strength in defense, space, and AI markets, which are expected to offset declines in rail, e-Mobility, and consumer markets [3][4] - A management transition is set to occur, with Farouq Tuweiq appointed as the new President and CEO [5][9] Financial Performance - Net sales reached $152.2 million, up from $128.1 million in Q1 2024, marking an 18.9% increase [9] - Gross profit margin improved to 38.6%, compared to 37.5% in Q1 2024 [9] - GAAP net earnings attributable to Bel shareholders were $17.9 million, an increase from $15.9 million in Q1 2024 [9] Market Dynamics - The company is experiencing increased demand in defense and commercial aerospace sectors, as well as in the emerging AI market [3] - Approximately 75% of global sales are not currently affected by recent U.S. tariffs, with only about 10% of sales linked to products manufactured in China [4] - The company has adjusted its Q2 2025 sales guidance to $145 to $155 million, accounting for potential impacts from tariffs [4] Product Group Performance - Power Solutions and Protection sales increased to $83.1 million from $60.2 million, while Connectivity Solutions saw a decline of 6.5% [18] - Magnetic Solutions experienced a 36.1% increase in sales, reflecting strong demand [18] Non-GAAP Financial Measures - Non-GAAP net earnings attributable to Bel shareholders were $16.8 million, slightly down from $17.0 million in Q1 2024 [9] - Adjusted EBITDA for Q1 2025 was $30.9 million, representing 20.3% of sales, compared to $22.4 million or 17.5% of sales in Q1 2024 [9][19]