January 17, 2018 / 10:06 PM / 4 months ago

BRIEF-Bel Sees FY 2017 Sales Of $492 Million

Jan 17 (Reuters) - Bel Fuse Inc:

* SEES Q4 2017 SALES UP 1.2 PERCENT

* - BACKLOG OF ORDERS WAS $146.5 MILLION AT DEC 31, 2017

* BEL FUSE - IMPACT OF NEW TAX LAW TO RESULT IN INCREMENTAL TAX PROVISION OF ABOUT $20 MILLION, MOSTLY ATTRIBUTABLE TO DEEMED REPATRIATION OF FOREIGN INCOME

* BEL FUSE - INCREMENTAL TAX WOULD BE RECORDED IN CO’S RESULTS OF OPERATIONS DURING Q4 2017

* - ANTICIPATES TAX RATE APPLICABLE TO 2018 U.S. EARNINGS WILL BE IN RANGE OF 27% TO 29% VERSUS 38% IN 2017 Source text for Eikon: Further company coverage:

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