BEL FUSE INC /NJ

Bel Fuse Inc. held its 2026 annual meeting, where shareholders approved the election of two directors, ratified Deloitte & Touche LLP as the independent auditor, and adopted the 2026 Equity Compensation Plan. An advisory vote on executive compensation also passed, while a shareholder proposal for Class A to Class B common stock conversion was rejected. Separately, Kenneth Lai's responsibilities expanded to Senior Vice President ITDS, and he is no longer considered an executive officer.

Bel Fuse Inc. announced the pricing of an upsized underwritten offering of 1,500,000 shares of its Class B common stock at $266.00 per share, expecting gross proceeds of approximately $399.0 million. The company also granted underwriters a 30-day option to purchase an additional 225,000 shares. Proceeds will be used to repay outstanding debt, fund the remaining 20% acquisition of Enercon Technologies, Ltd., pursue other acquisitions, and for general corporate purposes. The offering is expected to close on May 15, 2026.

Bel Fuse Inc. announced the commencement of an underwritten offering of 1,300,000 shares of its Class B common stock. The company also intends to grant the underwriters a 30-day option to purchase up to an additional 195,000 shares. Bel Fuse plans to use the net proceeds to pay down outstanding debt, fund the remaining 20% acquisition of Enercon Technologies, Ltd., or other acquisitions, and for general corporate purposes. Citigroup, BofA Securities, and Wells Fargo Securities are acting as joint book-running managers for the offering.

Bel Fuse Inc. is recasting its audited historical segment information for fiscal years 2023, 2024, and 2025 due to a strategic realignment of its business units, effective the first quarter of 2026. The company now reports under two segments: Aerospace, Defense & Rugged Solutions, and Industrial Technology & Data Solutions, replacing its prior three segments. This change is for compliance with SEC rules and has no impact on the company's historical consolidated financial position, results of operations, or cash flows.

Bel Fuse Inc. reported mixed first-quarter 2026 results, with net sales increasing by 17.3% to $178.5 million, but net earnings attributable to shareholders declining to $11.4 million. The company completed the acquisition of dataMate for approximately $16.0 million, expanding its connectivity solutions portfolio. Additionally, Bel Fuse paid a $5.0 million earnout for the 2025 achievement related to its Enercon acquisition, while operating cash flow saw a significant improvement.

Bel Fuse Inc. announced its investor conference schedule for May 2026. The company will participate in the Oppenheimer 21st Annual Industrial Growth Conference on May 4, 2026, the KeyBanc Industrials & Basic Materials Conference on May 27, 2026, and the Craig-Hallum 23rd Annual Institutional Investor Conference on May 28, 2026. Executives including CFO Lynn Hutkin, VP Finance Mark Hodkinson, and CEO Farouq Tuweiq will conduct meetings and presentations.

Bel Fuse Inc. reported preliminary Q1 2026 financial results, with net sales increasing 17.2% year-over-year to $178.5 million and gross profit margin rising to 39.0%. While GAAP net earnings attributable to shareholders decreased to $11.4 million, non-GAAP net earnings increased to $22.8 million. The company also provided Q2 2026 sales guidance of $195 million to $215 million and gross margin guidance of 38%-40%, following the acquisition of dataMate and a business unit realignment.

Bel Fuse Inc. announced preliminary financial results for the first quarter of 2026, reporting a 17.2% increase in net sales to $178.5 million compared to Q1 2025. While GAAP net earnings attributable to shareholders decreased to $11.4 million from $17.9 million year-over-year, non-GAAP net earnings rose to $22.8 million from $16.8 million. The company also completed the acquisition of dataMate in March 2026 and realigned its business units to enhance its go-to-market strategy. Bel Fuse provided Q2 2026 sales guidance of $195 million to $215 million with a gross margin of 38%-40%.

Bel Fuse Inc. announced a strategic realignment of its business units into two reportable segments: Aerospace, Defense & Rugged Solutions, and Industrial Technology & Data Solutions, effective Q1 2026. The company also appointed Thomas Smelker as EVP & President of the Aerospace, Defense & Rugged Solutions segment. This realignment aims to better reflect how the CEO manages the business and could impact investor understanding of segment performance.

Bel Fuse Inc. announced a strategic realignment of its business units, effective for the quarter ended March 31, 2026. The company will now report under two segments: Aerospace, Defense & Rugged Solutions, and Industrial Technology & Data Solutions, with retrospective adjustments to 2024 and 2025 results.