Bel Provides Fourth Quarter Update
Needham Growth Conference 2013
JERSEY CITY, N.J. -- January 16, 2013
At an investor presentation today at Needham & Company's 15th Annual Growth
Conference in New York, Bel Fuse Inc. (NASDAQ:BELFA) (NASDAQ:BELFB) Chief
Financial Officer Colin Dunn said that the Company expects to report revenue
of approximately $72 million for the fourth quarter and $287 million for the
year ended December 31, 2012. He said that the Company also expects to report
charges totaling approximately $4 million in the fourth quarter for its
previously announced restructuring, as well as acquisition-related costs and
costs for the repair of damage to its facilities from Hurricane Sandy.
Bel reported revenue of $68.6 million for the fourth quarter and $295.1
million for the year ended December 31, 2011.
The Company expects to report its preliminary financial results for 2012 on
February 14, 2013.
Bel (www.belfuse.com) and its divisions are primarily engaged in the design,
manufacture, and sale of products used in networking, telecommunications,
high-speed data transmission, commercial aerospace, military, transportation,
and consumer electronics. Products include magnetics (discrete components,
power transformers and MagJack® connectors with integrated magnetics), modules
(DC-DC converters, integrated analog front-end modules and custom designs),
circuit protection (miniature, micro and surface mount fuses) and interconnect
devices (micro, circular and filtered D-Sub connectors, passive jacks, plugs
and high-speed cable assemblies). The Company operates facilities around the
Except for historical information contained in this press release, the matters
discussed in this press release (including the statements regarding the impact
of the acquisition on earnings and on the Company's business and regarding
growth opportunities) are forward-looking statements that involve risks and
uncertainties. 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 effects of
business and economic conditions; capacity and supply constraints or
difficulties; product development, commercializing 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 Company's ability to integrate newly acquired
businesses; and the risk factors detailed from time to time in the Company's
SEC reports. In light of the risks and uncertainties, there can be no
assurance that any forward-looking statement will in fact prove to be correct.
We undertake no obligation to update or revise any forward-looking statements.
Neil Berkman Associates
President & CEO
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