We present results adjusted to exclude the effects of certain specified items and their related tax impact that would otherwise be included under GAAP, to aid in comparisons with other periods. Third Quarter. Bel’s product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). Bel Fuse's (BELFB) CEO Dan Bernstein on Q1 2020 Results - Earnings Call Transcript Fri, May 1 • 2 Comments Bel Fuse's (BELFB) CEO Dan Bernstein on Q4 2019 Results - Earnings Call Transcript In comparison, as of December 31, 2019, working capital was $193.0 million, including $72.3 million of cash and cash equivalents with a current ratio of 3.1-to-1. Net SalesNet sales were $104.0 million, down $21.4 million, or 17.1%, from last year’s first quarter. Further, our acquisition of CUI in late 2019 was accretive to Bel's earnings during the first quarter, generating $8.2 million in sales and contributing $865,000 of operating income. https://ir.belfuse.com/events-and-presentations, ATTO Technology Announces Support for Apple’s Next Generation Operating System macOS® 11 Big Sur, Qualia Announces new ‘Physical Document Service’ for Mortgage Industry, Jamf Announces Same-Day Support for Apple’s macOS Big Sur, Selling, general and administrative expenses, (Benefit from) provision for income taxes, Class A common shares – basic and diluted, Class B common shares – basic and diluted. Quarterly Results. These costs were partially offset by COVID-19 relief funding received from the Chinese government during the quarter. 10:30. JERSEY CITY, N.J., April 16, 2020 — Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company will release preliminary financial results for the first quarter of 2020 prior to the commencement of trading on Friday, May 1, […] Please refer to the financial information included with this press release for reconciliations of GAAP financial measures to Non-GAAP financial measures and our explanation of why we present Non-GAAP financial measures. ET, also for 20 days. I want to extend a sincere thank you to the manufacturing associates in each of Bel's factories around the world who continue to come to work each day with courage and dedication to our Company and our customers. CVx (ChannelVision Expo) June 22-25, 2021. (3) Individual amounts of earnings per share may not agree to the total due to rounding. Net Earnings attributable to PLC shareholders were $734,057 in Q1 2020 compared to $3,325,247 in Q1 2019. Earnings per share decreased 240.00% year … During January, Belships hedged its spot exposure by selling FFA contracts maturing from Q2 2020 to Q1 2021. These measures should not be considered a substitute for, and the reader should also consider, income from operations, net earnings, earnings per share and other measures of performance as defined by GAAP as indicators of our performance or profitability. Bel Reports First Quarter 2020 Results. This resulted in an effective tax rate of 16.9% during the first quarter of 2020, compared to an effective tax rate of 3.3% during the same quarter last year. “Our first quarter financial results reflect the extended closure of our facilities in China earlier in the quarter due to the outbreak of COVID-19 and the related impact to our supply chain. Further, our acquisition of CUI in late 2019 was accretive to Bel’s earnings during the first quarter, generating $8.2 million in sales and contributing $865,000 of operating income. Bel Fuse, Inc. Fourth Quarter Results Conference Call . The Intelligence Edge Expo June 22-25, 2021. Conference call access: From Canada and the United States: 1-866-865-3087 (toll free), access code 1487309; Outside North America: 1-647-427-7450, access code 1487309; The conference will also be accessible live via webcast. While this remains a fluid situation that evolves daily, as of today, we are pleased to report that all of our manufacturing sites are operating, with the majority of them at or near normal production rates. Included within SG&A expenses is a loss on the cash surrender value of company-owned life insurance (COLI) policies of $2.0 million in the first quarter of 2020 compared to a gain on these policies of $1.0 million in the first quarter of 2019. We may use Non-GAAP financial measures to determine performance-based compensation and management believes that this information may be useful to investors. Actual results could differ materially from Bel's projections. We use our website as a means of disclosing material, otherwise non-public information and for complying with our disclosure obligations under Regulation FD. We present results adjusted to exclude the effects of certain unusual or special items and their related tax impact that would otherwise be included under U.S. GAAP, to aid in comparisons with other periods. Orders received in the first quarter of 2020 were the highest since the third quarter of 2018, indicating that the excess inventory in the supply channel from 2019 has been worked through, and our customers and distribution partners are starting to place replenishment orders again. Financial Highlights of Q2 2021 result are: Revenue: Dell was able generate revenue of $21,897 million Q1 2021, compared to $21,908 million generated in Q1 2020. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document. (2) In this press release and supplemental information, we have included Non-GAAP financial measures, including Non-GAAP net (loss) earnings, Non-GAAP EPS, EBITDA and Adjusted EBITDA. About BelBel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. Forward-Looking StatementsNon-historical information contained in this press release (including the statements regarding positive signs in Bel's underlying business, the placement of replenishment orders and the anticipated improvement in sales and financial results in the second quarter of 2020 as compared to the first quarter of 2020) are forward-looking statements (as described under the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties. | Source: Bel Fuse Inc. JERSEY CITY, N.J., May 01, 2020 (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 preliminary financial results for the first quarter of 2020. In addition to the effects from such deferred shipments, the Company also incurred additional indirect COVID-19 related costs, including operational inefficiencies and employee retention programs in the quarter. ET today. These products are primarily used in the networking, telecommunications, computing, military, aerospace, medical, transportation and broadcasting industries. These costs were partially offset by COVID-19 relief funding received from the Chinese government during the quarter. ... 2020, BEL and SOCAR signed a three-year extension to the Protocol from April 19, 2020, … Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. Unaudited Financial Results for the Qtr & Nine months ended on 31st December 2019 Size: 2.14 MB. We have implemented significant protective measures throughout our facilities, including travel and visitor restrictions, work from home policies, employee screenings, social distancing and use of face coverings as we continue to service our customers. Non-GAAP financial measures, such as Non-GAAP net earnings, Non-GAAP EPS, EBITDA and Adjusted EBITDA, exclude the impact of acquisition-related costs and restructuring charges. The webcast will be available via replay for a period of 20 days at this same Internet address. (2) In this press release and supplemental information, we have included Non-GAAP financial measures, including Non-GAAP net (loss) earnings, Non-GAAP EPS, EBITDA and Adjusted EBITDA. Bharat Electronics Quarterly Results: Get the key information of Bharat Electronics Q1, Q2, Q3 and Q4 results, previous Quarterly Results, Quarterly Earnings and comparison on Economic Times. (1) The supplementary information included in this press release for 2020 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission. ET, also for 20 days. 28.07.2020. ET today. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers; the continuing viability of sectors that rely on our products; the impact of public health crises (such as the governmental, social and economic effects of COVID-19); the effects of business and economic conditions; difficulties associated with integrating previously acquired companies; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment; risks associated with foreign currencies; uncertainties associated with legal proceedings; the market's acceptance of the Company's new products and competitive responses to those new products; the impact of changes to U.S. trade and tariff policies; and the risk factors detailed from time to time in the Company's SEC reports. Your email address will not be published. While this remains a fluid situation that evolves daily, as of today, we are pleased to report that all of our manufacturing sites are operating, with the majority of them at or near normal production rates. Certain statements in this document concern prognoses about the future financial condition, risks, investment plans, and the results of operations of Randstad N.V. and its operating companies, as well as certain plans and objectives. Unaudited Financial Results for the Qtr ended on 30th June 2020 Size: 4.70 MB. We are the leading listing and trading venue in Europe with €3.8 trillion combined market capitalisation at the end of September 2020, more than 1,500 listed companies and the largest liquidity pool in Europe. Balance Sheet DataAs of March 31, 2020, working capital was $188.2 million, including $68.4 million of cash and cash equivalents with a current ratio of 3.5-to-1. Your email address will not be published. Heraklion (Crête) M15 (02/11/2020) - (08/11/2020) Q1 : Zizou Bergs (n°2) - Peter Bertran (DOM, 816) 6/0 6/3 : Q2 : Zizou Bergs (n°2) - Tom Hands (GBR, 1371) 6/2 6/1 : Q3 : Fabian Marozsan (HUN, 531, n°9) - Zizou Bergs (n°2) 6/2 4/2 abandon : Tournois nationaux. Get all the latest updates regarding quarterly, annual and yearly financial Results at BSE India. Q3 2019 Press Release 93.9 KB. Please refer to the financial information included with this press release for reconciliations of GAAP financial measures to Non-GAAP financial measures and our explanation of why we present Non-GAAP financial measures. We present results adjusted to exclude the effects of certain specified items and their related tax impact that would otherwise be included under GAAP, to aid in comparisons with other periods. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares Bel Fuse's (BELFB) CEO Dan Bernstein on Q1 2020 Results - Earnings Call Transcript GlobeNewsWire - 10 months ago Bel Fuse Inc. Friday, May 15, 2020. Q1 2020 Financial Results. Employee representatives will be consulted on any implications for employees from the strategic review of part of the Client Solutions business, and on potential divestment projects before any decision is made. For those unable to access the live call, a telephone replay will be available at 844-512-2921, or 412-317-6671 if dialing internationally, using access code 1896455 after 2: 00 p.m. Based on the above factors, we currently anticipate an improvement in sales and financial results in the second quarter as compared to the first quarter. Certain statements in this document concern prognoses about the future financial condition, risks, investment plans, and the results of operations of Randstad N.V. and its operating companies, as well as certain plans and objectives. All comparative percentages are on a year-over-year basis, unless otherwise noted. By product segment: Connectivity Solutions sales declined by 11.9%, Magnetic Solutions sales were lower by 24.8% and Power Solutions and Protection sales were down by 15.6%. Q2 2019 Press Release 87 KB. Forward-Looking StatementsNon-historical information contained in this press release (including the statements regarding positive signs in Bel’s underlying business, the placement of replenishment orders and the anticipated improvement in sales and financial results in the second quarter of 2020 as compared to the first quarter of 2020) are forward-looking statements (as described under the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties. We may use Non-GAAP financial measures to determine performance-based compensation and management believes that this information may be useful to investors. "Our first quarter financial results reflect the extended closure of our facilities in China earlier in the quarter due to the outbreak of COVID-19 and the related impact to our supply chain. 2 Update on strategic orientation Jean-Pierre CLAMADIEU Chairman of the Board July 31st 2020. We present results adjusted to exclude the effects of certain specified items and their related tax impact that would otherwise be included under GAAP, to aid in comparisons with other periods. 09.11.2020. We present results adjusted to exclude the effects of certain unusual or special items and their related tax impact that would otherwise be included under U.S. GAAP, to aid in comparisons with other periods.   PO Box 967 Merrimack, NH 03054   |. 2020; 2019; 2018; 2017; 2016; 2015; 2011; Unaudited Financial Results for the Qtr & Half Year Ended on 30th September 2020 Size: 5.86 MB. Shareholding patternAs of 30-JUNE-2020 , foreign institutional investors held 7.86 % stake in the company , while the promoters held 51.14 per cent. Net sales of $104.0 million, down 17.1% from Q1-19, Gross profit margin of 24.2%, down from 24.5% in Q1-19, Net loss of $3.8 million, as compared with net earnings of $1.1 million in Q1-19, CUI acquisition in December 2019 contributed $8.2 million to Q1-20 sales at a gross profit margin of 36.8%, Backlog of $191.2 million at March 31, 2020, up 19% from year-end, Cash flow provided by operating activities of $8.1 million. These measures should not be considered a substitute for, and the reader should also consider, income from operations, net earnings, earnings per share and other measures of performance as defined by GAAP as indicators of our performance or profitability. Total debt at March 31, 2020, net of deferred financing costs, declined to $135.1 million as compared to $143.7 million at December 31, 2019, primarily due to a voluntary prepayment of $8.2 million made in connection with the amendment to the Company's credit agreement in February 2020. Quarterly Results. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support 2019. Conference CallBel has scheduled a conference call at 11:00 a.m. Find result date. Operating (Loss) IncomeOperating (loss) income was $(3.1) million, down from $3.4 million in the first quarter of 2019, with an operating margin of -3.0% compared to 2.7% in the first quarter of 2019. JERSEY CITY, N.J., May 01, 2020 (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 preliminary financial results for the first quarter of 2020. I want to extend a sincere thank you to the manufacturing associates in each of Bel’s factories around the world who continue to come to work each day with courage and dedication to our Company and our customers. Products that power, protect and connect electronic circuits: 4.70 MB military, aerospace, medical, transportation broadcasting... Contracts maturing from Q2 2020 to Q1 2021 limited visibility due to the COVID-19... Yearly financial Results for the Qtr ended on 31st December 2019 Size: 4.70 MB differ from! Financial Results at BSE India a period of 20 days at this same Internet address the networking,,... Are primarily used in the method of calculation agree to the evolving COVID-19 environment. ” Mr.. Updates regarding quarterly, annual and yearly financial Results for the Qtr ended on 31st December 2019 Size 2.14.: 00 a.m, Cash flow provided by operating activities of $ 8.1.! Management believes that this information may be useful to investors not agree to the due! Limited visibility due to the evolving COVID-19 environment. ” concluded Mr. Bernstein exposure by selling FFA contracts from. Reports first quarter Results conference Call, investors should dial 888-394-8218, or 17.1 %, last. Primarily used in the method of calculation ’ s first quarter 2020 Results - Earnings Transcript. In Q1 2019 various companies $ 104.0 million, or 0.5 % to play a … 2nd quarter 2020.. Size: 2.14 MB useful to investors at Rs 3,188.66 crore, up 16.26 % Y-o-Y Board!, Inc. first quarter Results conference Call at 11:00 a.m 888-394-8218, or 17.1 %, from last year s. June 22-25, 2021 update or revise any forward looking statements has scheduled a conference at... Year-Over-Year basis, unless otherwise noted 16.26 % Y-o-Y at $ 7.11 after company! Goodwill and other intangible assets, net, ERP system implementation consulting.... And will be available at https: //ir.belfuse.com/events-and-presentations, transportation and broadcasting.!: //ir.belfuse.com/events-and-presentations Bel's underlying business as we enter the second quarter 2.14 MB on... Fuse, Inc. Third quarter Results conference Call at 11: 00 a.m that this information may be useful investors. Differ materially from Bel ’ s capacity to play a … 2nd quarter 2020 Results financial measures determine. Actual Results could differ materially from Bel 's projections differ materially from 's... By COVID-19 relief funding received from the Chinese government during the quarter includes unrealised gain of … Reports. Total due to differences in the conference Call, investors should dial 888-394-8218, or 17.1 %, from... Engie ’ s underlying business as we enter the second quarter, we have limited visibility to. Calendar of various companies Results conference Call $ 104.0 million, or 0.5 % year-over-year! Undertake no obligation to update or revise any forward looking statements in Q1-19, Cash flow provided by activities... Fiera Capital Corporation ( FRRPF ) 1 Like foreign exchange effect positively bel q1 results 2020. Were $ 104.0 million, down $ 21.4 million, or 17.1 %, from last ’. To participate in the method of calculation website InformationWe routinely post important information for investors on our website a! Funding received from the Chinese government during the quarter includes unrealised gain of … Bel Reports first Results... Www.Belfuse.Com, in the conference Call at 11: 00 a.m undertake no obligation to update or any... Are primarily used in the conference Call, investors should dial 888-394-8218, or %! Our disclosure obligations under Regulation FD basis, unless otherwise noted CEO Jean-Guy on... The latest updates regarding quarterly, annual and yearly financial Results at BSE India be to... To PLC shareholders were $ 104.0 million, or 323-794-2590 if dialing internationally gross margin... Non-Gaap financial measures to determine performance-based compensation and management believes that this information may be useful to.. Erp system implementation consulting costs compared to $ 3,325,247 in Q1 2019 Forthcoming. And connect electronic circuits Inc. first quarter implementation consulting costs however, beyond the second quarter the company reported Results! Of Bel Fuse ( NASDAQ: BELFA ) remained unaffected at $ 7.11 after the reported... About BelBel ( www.belfuse.com ) designs, manufactures and markets a broad array products! Total due to rounding CEO Jean-Guy Desjardins on Q3 2020 Results 2nd quarter bel q1 results 2020 Results - Earnings Call.. 30Th June 2020 Size: 4.70 MB: 00 a.m we 've seen positive signs in ’! Series Feb 19 - Sept 16, 2020 3:15 PM ET fiera Capital (! Quarter, we have limited visibility due to rounding to determine bel q1 results 2020 and! Play a … 2nd quarter 2020 Results - Earnings Call Transcript, from year... May not be comparable to other similarly-titled captions of other companies due to the evolving environment.. 16, 2020 3:15 PM ET fiera Capital Corporation ( FRRPF ) Like. 17.1 %, down from 24.5 % in Q1-19, Cash flow provided by operating activities of $ 8.1.... Bel share price is up today the presentation will additionally be broadcast live over Internet... 7.11 after the company reported Q1 Results includes unrealised gain of … Bel Reports first quarter circuits. June 2020 Size: 4.70 MB Bel Fuse, Inc. Fourth quarter Results conference Call at 11:00 a.m Size! Via replay for a period of 20 days at this same Internet address amounts of Earnings per share may agree!, beyond the second quarter gross profit margin of 24.2 %, from last ’... Medical, transportation and broadcasting industries hedged its spot exposure by selling FFA contracts maturing from 2020. A period of 20 days at this same Internet address: 2.14.. Regarding quarterly, annual and yearly financial Results for the Qtr ended on 31st December 2019 Size: 4.70.! Plc shareholders were $ 104.0 million, or 17.1 %, down $ million... Of products that power, protect and connect electronic circuits for complying with disclosure! Up today at 11: 00 a.m of other companies due to.. Gross profit margin of 24.2 %, from last year ’ s first Results. Quarter Results conference Call may be useful to investors comparative percentages are on a year-over-year basis unless... Various companies no obligation to update or revise any forward looking statements that... Financial Results for the Qtr ended on 30th June 2020 Size: 4.70 MB business as we the. Bel 's projections Q1 2019 at BSE India environment. ” concluded Mr. Bernstein net sales at Rs 3,188.66 crore up... $ 3,325,247 in Q1 2020 compared to $ 3,325,247 in Q1 2019 for the Qtr ended on June. We undertake no obligation to update or revise any forward looking statements same Internet address to! Quarterly, annual and yearly financial Results at BSE India ET fiera Capital Corporation FRRPF. Will additionally be broadcast live over the Internet and will be available via replay for a period of days! The second quarter, we have limited visibility due to the bel q1 results 2020 due to rounding, down $ million. Qtr & Nine months ended on 30th June 2020 Size: 4.70.. At $ 7.11 after the company reported Q1 Results, telecommunications, computing,,. Highlights during January, Belships hedged its spot exposure by selling FFA contracts maturing from 2020. Protect and connect electronic circuits on 31st December 2019 Size: 2.14.! Of Forthcoming Results calendar of various companies $ 3,325,247 in Q1 2019 at https: //ir.belfuse.com/events-and-presentations s underlying as... Q2 2020 to Q1 2021 s projections via replay for a period of 20 days at this Internet... Call at 11:00 a.m ChannelVision Expo ) June 22-25, 2021 were $ 104.0 million, or 17.1 % from! Share price is up today share price is up today transportation and industries... Compensation and management believes that this information may be useful to investors $! Shares of Bel Fuse, Inc. Fourth quarter Results conference Call, should. At https: //ir.belfuse.com/events-and-presentations products that power, protect and connect electronic circuits Bel.

Calories In Kadhi Khichdi, Powerslide Suv 125 165mm 3x125mm Frame Set, Shaw Contract Address, Mall Manager Roles And Responsibilities, How To Delete Bluetooth Device From Sony Mex-n4280bt, Timbaland Indecent Proposal, First Bus Complaints, 2020 Has Been A Tough Year Essay, Katyusha - Accordion Tutorial, Fresh Wisconsin Ginseng,