$202.580
-2.168 (-1.07%)Al cierre
Noticias de BELFA
Eventos de BELFA
Bel Reports Q2 Revenue of $210.69M, Beating Consensus
Reports Q2 revenue $210.69M, consensus $206.64M. Farouq Tuweiq, President and CEO of Bel, said, "We delivered a very strong second quarter, with sales and gross margin toward the high end of our estimated ranges, driven by defense and data solutions demand and continued distribution recovery. The quarter also included several operational milestones: DataMate completed its facility transition and ERP conversion, and our Slovakia site achieved defense-manufacturer qualification to support the Enercon integration and European expansion. In addition, the team completed an equity offering, raising net proceeds of $441.6 million to pay down debt and support the remaining 20% of Enercon in early 2027, as well as future M&A and growth initiatives."
Bel Fuse Files Automatic Mixed Securities Shelf
Bel Fuse files automatic mixed securities shelf
Bel Fuse Commences Offering of 1.3M Shares of Class B Common Stock
Bel Fuse announced the commencement of an underwritten offering of 1.3M shares of its Class B common stock. Citigroup, BofA Securities, and Wells Fargo Securities are acting as joint book-running managers for the proposed offering.
CEO Forecasts Q2 Sales of $195M to $215M
"Looking ahead, we expect to have a strong second quarter, guiding sales of $195M-$215M with gross margin of 38%-40%, supported by robust bookings and higher demand from our defense, commercial air, space, and data solutions customers," said CEO Farouq Tuweiq.
Bel Reports Q1 Revenue of $178.5M, Exceeds Expectations
Reports Q1 revenue $178.5M, consensus $172.07M. Farouq Tuweiq, CEO, said, "We believe Bel delivered a strong start to the year with year-over-year sales growth and solid profitability, driven by broad-based momentum, favorable mix, and disciplined execution. During the first quarter, we completed a business unit realignment to better align with how customers buy - enabling greater customer intimacy, faster decision-making, and a more coordinated approach to delivering our full portfolio. We expect that this will position us to bring more of Bel to each customer through integrated selling and tighter alignment across engineering, operations, and commercial teams."
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