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WEST ORANGE, N.J., July 26, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the second quarter of 2023. Second Quarter 2023 Highlights • Net sales of $168.8 million compared to $170.6 million in Q2-22. Non-GAAP adjusted net sales (which exclude raw material expedite fee invoicing) were $163.1 million in Q2-23, up from $161.4 million in Q2-22 • Gross profit margin of 32.9%, up from 26.6% in Q2-22 • Net earnings of $27.8...

WEST ORANGE, N.J., July 12, 2023 (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 second quarter after market close on Wednesday, July 26, 2023. An earnings conference call has been scheduled as follows: When: Thursday, July 27, 2023 at 8:30 a.m. ET Dial in: Toll free – 877.407.0784, or international –...

JERSEY CITY, N.J., June 26, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced that it has closed on the sale of its building in Jersey City, New Jersey for $5.9 million. Bel’s corporate headquarters have been based in Jersey City for over 60 years, with the building at 206 Van Vorst Street utilized as its corporate headquarters for the past 20 years. Bel’s corporate...

JERSEY CITY, N.J., June 08, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced the divestment of their Stewart Czech business, part of the Connectivity Solutions segment. The Stewart Czech business consists of two divisions where one operates as a distributor of other connectivity products and the other a manufacturer of copper, fiber and coaxial cable assemblies serving...

JERSEY CITY, N.J., May 17, 2023 (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 May and June 2023: TD Cowen 51 st Annual Technology, Media & Telecom Conference (NY) Farouq Tuweiq, CFO Lynn Hutkin, VP Financial Reporting & Investor Relations Wednesday, May 31, 2023 Lotte New York Palace, New York, NY 11:25am ET presentation and...

JERSEY CITY, N.J., May 03, 2023 (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 August 1, 2023 to shareholders of record on July 14, 2023. Bel currently has approximately 12,775,000 common shares...

JERSEY CITY, N.J., April 26, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the first quarter of 2023. First Quarter 2023 Highlights Net sales of $172.3 million, up 26.1% from Q1-22 Gross profit margin of 31.1%, up from 25.0% in Q1-22 Net earnings of $14.6 million versus $5.1 million in Q1-22 Adjusted EBITDA of $28.1 million (16.3% of sales), up from $11.6 million (8.5% of sales) in Q1-22 Product Group Highlights Sales (dollars...

JERSEY CITY, N.J., April 12, 2023 (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 first quarter after market close on Wednesday, April 26, 2023. An earnings conference call has been scheduled as follows: When: Thursday, April 27, 2023 at 8:30 a.m. ET Dial in: Toll free – 877.407.0784, or international –...

JERSEY CITY, N.J., Feb. 28, 2023 (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 May 1, 2023 to shareholders of record on April 14, 2023. Bel currently has approximately 12,785,000 common shares...

JERSEY CITY, N.J., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2022. Fourth Quarter 2022 Highlights Net sales of $169.2 million, up 15.0% from Q4-21 Gross profit margin of 31.0%, up from 26.7% in Q4-21 Net earnings of $14.0 million versus $8.0 million in Q4-21 Adjusted EBITDA of $25.0 million (14.8% of sales), up from $15.3 million (10.4% of sales) in Q4-21 Full Year 2022...

JERSEY CITY, N.J., Feb. 07, 2023 (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 fourth quarter after market close on Wednesday, February 22, 2023. An earnings conference call has been scheduled as follows: When: Thursday, February 23, 2023 at 8:30 a.m. ET Dial in: Toll free – 877.407.0784, or international...

JERSEY CITY, N.J., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company has entered into an agreement and closed on a minority stake investment with Germany-based innolectric AG (“innolectric”). This passive investment will create a strategic alliance that is focused on Electric Vehicles (“EV”) on-board power...

JERSEY CITY, N.J., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced the following conference participation: What: 25 th Annual Needham Growth Conference When: January 10 - Presentation at 9:30 AM with meetings throughout the day Where: Lotte New York Palace hotel, New York, New York Who: Farouq Tuweiq , CFO Lynn Hutkin , VP Financial Reporting & Investor...

JERSEY CITY, N.J., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announces three internal promotions to the executive team effective as of January 1, 2023. Lynn Hutkin was appointed Vice President of Financial Reporting and Investor Relations. Lynn has been with Bel for 15 years in roles with increasing responsibilities in the areas of corporate accounting, financial...

JERSEY CITY, N.J., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced Suzanne Kozlovsky has been appointed as Global Head of People. In this newly created executive level position, Ms. Kozlovsky will initially be focused on a series of initiatives around associate engagement, development, talent retention strategies and compensation structure. Prior to her...

JERSEY CITY, N.J., Nov. 02, 2022 (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 that Farouq Tuweiq, CFO and Lynn Hutkin, Director of Financial Reporting will present and host one-on-one meetings at the following November conferences: Sidoti November Micro-Cap Virtual Conference on November 9. The presentation will be at 9:15 AM Eastern Time and can be accessed...

JERSEY CITY, N.J., Nov. 01, 2022 (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 February 1, 2023 to shareholders of record on January 13, 2023. Bel currently has approximately 12,480,000 common shares...

JERSEY CITY, N.J., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the third quarter of 2022. Third Quarter 2022 Highlights Net sales of $177.7 million, up 20.9% from Q3-21 Gross profit margin of 29.0%, up from 24.5% in Q3-21 Net earnings of $16.5 million versus $5.7 million in Q3-21 Adjusted EBITDA of $27.3 million, representing a 115% increase compared to Q3-21 Quarterly bookings of $180 million led to quarter-end...

JERSEY CITY, N.J., Oct. 19, 2022 (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 26, 2022. An earnings conference call has been scheduled as follows: When: Thursday, October 27, 2022 at 8:30 a.m. ET Dial in: Toll free – 877.407.0784, or international –...

JERSEY CITY, N.J., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced that Farouq Tuweiq, CFO and Lynn Hutkin, Director of Financial Reporting will present and host one-on-one meetings at the Midwest IDEAS Investor Conference on Thursday, August 25, 2022 at The Gwen in Chicago, IL. Bel’s presentation is scheduled to begin at 8 AM Central Time. The presentation will be webcast and may be accessed through the conference host’s main website:...