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Bel Fuse is a $730-million market cap firm that offers magnetic, power, and connectivity solutions for various applications. Q1 sales for Bel Fuse were $172 million, showing a substantial increase of 26% compared to the first quarter of 2022. Also, the gross margins improved dramatically YoY. The management expects an even higher consolidated margin profile due to the shift in product mix and profitability in the next quarters.
JERSEY CITY, N.J., May 17, 2023 (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 May and June 2023:
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.
JERSEY CITY, N.J., April 12, 2023 (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 first quarter after market close on Wednesday, April 26, 2023. An earnings conference call has been scheduled as follows:
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 Bel Fuse Fourth Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Bel Fuse Inc. has rewarded shareholders with 122.95% in returns year to date with EPS forecasted to expand by 4.9% over the next year. The company takes part in diverse sectors; however, its infrastructure in the 5G sector is hugely attractive for potential future growth.
JERSEY CITY, N.J., Nov. 02, 2022 (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 that Farouq Tuweiq, CFO and Lynn Hutkin, Director of Financial Reporting will present and host one-on-one meetings at the following November conferences:
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 welcome to the Bel Fuse Third Quarter 2022 Earnings Call. All Participants will be in listen-only mode.
JERSEY CITY, N.J., Oct. 19, 2022 (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 third quarter after market close on Wednesday, October 26, 2022. An earnings conference call has been scheduled as follows:
The stock price of Bel Fuse Inc. has a YTD gain of +103.55%. The Quant AI rating system of Seeking Alpha still rates it as a strong buy. Bel Fuse also gets a strong buy recommendation from Wall Street. Let others push the stock higher.