BEL FUSE INC. overview

WEST ORANGE, N.J., March 07, 2025 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) (“Bel” or the “Company”) today announced the grand opening of its new facility in Manesar, Gurugram, India, a critical milestone following Bel’s acquisition of Enercon in November 2024. The original Enercon factory in India, which this replaces, was opened in 2018 and grew from 17 associates to over 200 associates today. The new facility will enable our Power Solutions and Protection segment...

WEST ORANGE, N.J., Feb. 19, 2025 (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, 2025 to shareholders of record on April 15, 2025. Bel currently has approximately 12,540,000 common shares...

WEST ORANGE, N.J., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Highlights Net sales of $149.9 million compared to $140.0 million in Q4-23. Excluding $20.8 million of contribution from Enercon, organic sales down 7.8% from Q4-23. Gross profit margin of 37.5%, up from 36.6% in Q4-23 GAAP net loss attributable to Bel shareholders of $1.8 million versus GAAP...

WEST ORANGE, N.J., Feb. 03, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Bel Fuse Inc . (Nasdaq: BELFA and BELFB) (“Bel” or the “Company”) today announced an upcoming transition in the Chief Executive Officer position at Bel. After 24 years as Bel’s Chief Executive Officer and 46 total years of service at the Company, Daniel Bernstein will step down as President and CEO effective immediately following Bel’s 2025 Annual Meeting of Shareholders, currently scheduled for May 27,...

WEST ORANGE, N.J., Feb. 03, 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 fourth quarter after market close on Tuesday, February 18, 2025. An earnings conference call has been scheduled as follows: When: Wednesday, February 19, 2025 at 8:30 a.m. ET Dial in: 877.407.0784, or international: 201.689.8560...

WEST ORANGE, N.J., Jan. 03, 2025 (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 participation in the 27th Annual Needham Growth Conference: 27th Annual Needham Growth Conference Farouq Tuweiq, CFO Lynn Hutkin, VP Financial Reporting & Investor Relations Friday, January 17, 2025 Conducting meetings throughout the day with a presentation at 10:15am ET The investor...

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 Summit Farouq Tuweiq, CFO Lynn Hutkin, VP Financial Reporting & Investor Relations Wednesday, December 11, 2024 Conducting meetings throughout the day Northland Virtual Growth Conference Farouq Tuweiq, CFO Lynn...

WEST ORANGE, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), announced today that it has closed the previously announced majority stake acquisition of Enercon Technologies, Ltd. (“Enercon”) from Fortissimo Capital based on an enterprise value of $400 million. Bel has acquired an 80% stake upfront for $320 million (subject to customary adjustments), plus up to $10 million of potential earnout payments for the 2025-2026...