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India

Bel Fuse Inc (BELFA.OQ)

BELFA.OQ on NASDAQ Stock Exchange Global Select Market

11.48USD
18 Oct 2019
Change (% chg)

$0.08 (+0.70%)
Prev Close
$11.40
Open
$11.48
Day's High
$11.48
Day's Low
$11.48
Volume
850
Avg. Vol
664
52-wk High
$23.05
52-wk Low
$9.20

Latest Key Developments (Source: Significant Developments)

Bel Fuse Reports Q2 GAAP Earnings Per Share $0.23
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Bel Fuse Inc ::BEL REPORTS SECOND QUARTER 2019 RESULTS.Q2 SALES FELL 9.4 PERCENT TO $127.4 MILLION.Q2 NON-GAAP EARNINGS PER SHARE $0.03.Q2 GAAP EARNINGS PER SHARE $0.23.RESULTS FOR Q2 WERE AFFECTED BY OVER-INVENTORIED POSITION OF CUSTOMERS AND CHANNEL PARTNERS.BEL FUSE - UNCERTAINTIES RELATED TO TARIFFS, COMPOUNDED WITH MATERIAL SHORTAGES, LED TO ACCELERATION OF PURCHASES BY CUSTOMERS & DISTRIBUTORS IN 2018.NOW EXPECT SALES TO REMAIN AT LOWER LEVELS FOR BALANCE OF YEAR AS CUSTOMERS CONTINUE TO WORK THROUGH THEIR INVENTORY ON HAND.IMPACT ON MARGINS RELATED TO MATERIAL COSTS IS EXPECTED TO CONTINUE INTO SECOND HALF OF YEAR.HIGHER MATERIAL COSTS EXPERIENCED DURING MUCH OF 2018 AND SHIFT IN PRODUCT MIX RESULTED IN A LOWER QTRLY GROSS MARGIN THAN ANTICIPATED.BEL FUSE - IDENTIFIED, STARTED TO IMPLEMENT MEASURES AT FACILITIES IN ASIA THAT ARE EXPECTED TO RESULT IN ANNUALIZED COST SAVINGS OF $1.4 MILLION FROM Q4 2019.INCREMENTAL COST REDUCTION MEASURES ARE EXPECTED TO FOLLOW THROUGHOUT Q3 AND Q4 2019 AS REMAINING SITES ARE REVIEWED.  Full Article

Bel Fuse Reports Q1 Earnings Per Share Of $0.08
Thursday, 2 May 2019 

May 2 (Reuters) - Bel Fuse Inc ::BEL REPORTS FIRST QUARTER 2019 RESULTS.Q1 SALES ROSE 6 PERCENT TO $125.4 MILLION.Q1 NON-GAAP EARNINGS PER SHARE $0.20.Q1 GAAP EARNINGS PER SHARE $0.08.BACKLOG WAS $166.8 MILLION AS OF MARCH 31, 2019 COMPARED TO $171.2 MILLION AT DECEMBER 31, 2018.WE ANTICIPATE DEMAND ON EXISTING PROGRAMS TO BE RESTORED ONCE CUSTOMERS WORK DOWN THEIR CURRENT INVENTORY LEVELS.  Full Article

Bel Fuse Qtrly Net Loss Per Class A Common Shares‍​ $1.66
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Bel Fuse Inc ::BEL REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 SALES ROSE 1.2 PERCENT TO $119.9 MILLION.QTRLY NET LOSS PER CLASS A COMMON SHARES‍​ $1.66.BACKLOG INCREASED TO $146.5 MILLION AT DECEMBER 31, 2017, A $33.3 MILLION, OR 29%, INCREASE FROM ITS LEVEL AT DECEMBER 31, 2016.2017 INCOME TAX PROVISION INCLUDED ESTIMATED TRANSITION TAX ON FOREIGN EARNINGS OF ABOUT $16 MILLION IN CONNECTION WITH U.S. TAX REFORM.  Full Article

Bel Fuse Amends To Credit And Security Agreement
Saturday, 16 Dec 2017 

Dec 15 (Reuters) - Bel Fuse Inc ::BEL FUSE SAYS EFFECTIVE ON DEC 11, CO ENTERED INTO AMENDMENT TO CREDIT AND SECURITY AGREEMENT - SEC FILING.AMENDMENT TO INCREASE REVOLVING CREDIT FACILITY TO $75 MILLION; EXTEND MATURITY DATE OF REVOLVING CREDIT FACILITY TO DEC 10, 2022.AMENDMENT TO INCREASE AMOUNT OF TERM LOAN A TO $125 MILLION, PORTION OF WHICH USED TO SATISFY IN FULL CO'S EXISTING DELAYED DRAW TERM LOAN.  Full Article

Bel Fuse says Q3 GAAP earnings per share $0.40
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Bel Fuse Inc -:Bel reports third quarter 2017 results.Q3 sales fell 1.9 percent to $126.4 million.Q3 GAAP earnings per share $0.40.Bel Fuse Inc - qtrly non-GAAP Class A EPS $0.42.Bel Fuse Inc - qtrly ‍GAAP earnings per class b share $0.42​.Bel Fuse Inc - qtrly non-GAAP Class B EPS $0.44.Bel Fuse Inc - ‍by end of Q3, implemented cost savings measures equating to $1 million in annualized cost savings​.  Full Article