☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ 300 Executive Drive, Suite 300 West Orange, NJ 07052 (201) 432-0463 | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------- ...

Bel Fuse Inc. (NASDAQ:BELFB) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET Company Participants Jean Young - Three Part Advisors, IR Dan Bernstein - President and CEO Lynn Hutkin - VP of Financial Reporting & IR Farouq Tuweiq - CFO Conference Call Participants Theodore O'Neill - CFA, Litchfield Hills Research Jim Ricchiuti - Needham and Company Hendi Susanto - Gabelli Funds Operator Good morning and welcome to Bel Fuse's Second Quarter 2023 Earnings Call. As a reminder, this is being recorded. I ...

FORM 10-Q BEL FUSE INC. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. provided pursuant to Section 13(a) of the Exchange Act. BEL FUSE INC. AND SUBSIDIARIES ...

Bel Fuse Inc. (NASDAQ:BELFB) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET Company Participants Jean Young - Three Part Advisors, IR Dan Bernstein - President, CEO & Director Lynn Hutkin - VP of Financial Reporting & IR Farouq Tuweiq - CFO Conference Call Participants Chris Grenga - Needham & Co. Hendi Susanto - Gabelli Funds Operator Good morning, and welcome to the Bel Fuse First Quarter 2023 Earnings Call. At this time, all participants are in listen-only mode. [Operator Instructions] As a r ...

FORM 10-K (Exact name of registrant as specified in its charter) | --- | --- | --- | |--------------------------------------------------|-----------------------------------------------------------|-------------------------------------------------------------------------------| | Securities \nTitle of Each Class | registered pursuant to Section \nTrading Symbol | 12(b) of the Act: \nName of Each Exchange on which Registered | | Class A Common Stock ($0.10 par value) | BELFA | NASDAQ Global Select Market | | ...

| --- | --- | --- | |--------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | January 10, 2023 Needham Growth Conference | | | Safe Harbor Statement The Company's consolidated operating results are affected by a wide variety of factors that could materially and adversely affect revenues and profitability, including the risk factors described in Item 1A of our 2021 Annual Report on Form 10-K. As a result of these and other factors, the Company may experi ...

Bel Fuse Inc. (NASDAQ:BELFB) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Jean Marie Young - Managing Director Daniel Bernstein - President and Chief Executive Officer Farouq Tuweiq - Chief Financial Officer Lynn Hutkin - VP, Financial Reporting and IR Conference Call Participants Theodore O'Neill - Litchfield Hills Research James Ricchiuti - Needham & Company Hendi Susanto - Gabelli Funds William Kim - Presidio Asset Management Operator Good morning and welcome to the ...

Revenue Growth - The company's revenues for the first nine months of 2022 increased by $88.7 million, or 22.4%, compared to the same period in 2021, primarily driven by the Power Solutions and Protection group due to increased demand and the EOS acquisition [99]. - Connectivity Solutions revenue increased by $9.9 million (24.5%) and $18.6 million (15.3%) for the three and nine months ended September 30, 2022, respectively, compared to the same periods in 2021 [108]. - Magnetic Solutions revenue improved by $4.7 million (10.2%) and $23.1 million (20.0%) for the three and nine months ended September 30, 2022, respectively, compared to the same periods in 2021 [109]. - Power Solutions and Protection revenue increased by $16.2 million (26.7%) in Q3 2022 and $46.9 million (29.5%) for the first nine months of 2022 compared to the same periods in 2021 [110]. Order Backlog - The backlog of orders reached $582.8 million at September 30, 2022, reflecting a 25% increase from December 31, 2021, with a 48% increase in the Power Solutions and Protection business [98]. - The company experienced a 22% decrease in the backlog for Magnetic Solutions products due to the ordering pattern of a large networking customer [98]. Cost Management - Material costs as a percentage of revenue were 45.9% during the first nine months of 2022, down from 46.6% in the same period of 2021, attributed to a favorable shift in product mix and recent pricing actions [101]. - Labor costs represented 8.4% of revenue in the first nine months of 2022, a decrease from 9.0% in the same period of 2021, influenced by pricing actions and favorable exchange rate fluctuations [102]. - Inflationary pressures are anticipated to impact input costs, including raw materials, labor, and freight, necessitating effective management through pricing actions and cost-saving initiatives [103]. - The company incurred restructuring costs of approximately $9 million related to consolidating Magnetics sites in China, with $3.6 million recognized in the third quarter of 2022 [104]. - The company expects to realize annualized cost savings of approximately $3 million from restructuring initiatives in China, beginning in the fourth quarter of 2023 [104]. Financial Position - The company has a strong cash balance of $70.9 million as of September 30, 2022, compared to $61.8 million at December 31, 2021, with additional borrowing capacity of $65.0 million under its revolving credit facility [96]. - The company reported a cash increase of $9.1 million during the nine months ended September 30, 2022, primarily due to net cash provided by operating activities of $24.1 million [123]. - The current ratio was 2.8 to 1 at September 30, 2022, compared to 2.9 to 1 at December 31, 2021 [124]. - The unused credit available under the credit facility was $65.0 million at September 30, 2022, with compliance to all debt covenants [126]. Accounting Estimates and Policies - The Company has determined that its most critical accounting estimates relate to business combinations, inventory valuation, goodwill, and pension benefit obligations [128]. - There have been no material changes in the Company's critical accounting policies, judgments, and estimates compared to those disclosed in the Company's 2021 Annual Report [128]. - The Company is classified as a "smaller reporting company" and is not required to provide quantitative and qualitative disclosures about market risk [130]. Expenses - R&D expenses decreased to $4.9 million in Q3 2022 from $5.9 million in Q3 2021, and to $14.4 million from $16.3 million for the nine months [115]. - SG&A expenses increased to $22.2 million in Q3 2022 from $21.2 million in Q3 2021, and to $67.2 million from $64.8 million for the nine months [116][117]. Gross Margin and Cost of Sales - Gross margin for Connectivity Solutions was 26.1% in Q3 2022, up from 24.8% in Q3 2021, while for the nine months it was 26.7%, down from 27.0% [107]. - Total cost of sales as a percentage of revenue decreased to 71.0% in Q3 2022 from 75.5% in Q3 2021, and to 73.0% from 76.0% for the nine months [111]. Foreign Exchange - The company realized foreign exchange transactional gains of $0.5 million during the nine months ended September 30, 2022, due to favorable currency fluctuations [105].

Bel Fuse Inc. (NASDAQ:BELFB) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants Steven Hooser - Three Part Advisors Dan Bernstein - President and Chief Executive Officer Farouq Tuweiq - Chief Financial Officer Lynn Hutkin - Director, Financial Reporting Conference Call Participants Theodore O'Neill - Litchfield Hills Research Jim Ricchiuti - Needham & Co Hendi Susanto - Gabelli Funds Robert Brooks - Brick by Brick Capital Operator Good morning, ladies and gentlemen, and welcom ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission File No. 000-11676 BEL FUSE INC. (Exact name of registrant as specified in its charter) 206 Van Vorst Street Jersey City ...