Edition:
India

Bel Fuse Inc (BELFA.OQ)

BELFA.OQ on NASDAQ Stock Exchange Global Select Market

21.50USD
20 Jul 2018
Change (% chg)

$0.30 (+1.42%)
Prev Close
$21.20
Open
$21.25
Day's High
$21.50
Day's Low
$21.25
Volume
1,078
Avg. Vol
524
52-wk High
$29.94
52-wk Low
$15.43

Latest Key Developments (Source: Significant Developments)

Bel Sees FY 2017 Sales Of $492 Million
Thursday, 18 Jan 2018 

Jan 17 (Reuters) - Bel Fuse Inc ::BEL PROVIDES FOURTH QUARTER 2017 UPDATE.SEES FY 2017 SALES $492 MILLION.SEES Q4 2017 SALES $120 MILLION.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.  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

Bel Fuse files for mixed shelf of up to $140 mln
Tuesday, 13 Jun 2017 

June 12 (Reuters) - Bel Fuse Inc :Bel Fuse Inc files for mixed shelf of up to $140.0 million - sec filing.  Full Article

BRIEF-Bel Fuse Q1 Sales Rose 4 Pct To $118.3 Mln

* RESULTS CONTINUE TO BE IMPACTED BY WEAKENING OF U.S. DOLLAR, MINIMUM WAGE INCREASES IN PRC