News

Oct 27, 2024

Bel Fuse Inc (BELFA) Q3 2024 Earnings Call Highlights: Navigatin

Release Date: October 24, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Q : Can you explain the sequential decline in the Power and

Release Date: October 24, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Q: Can you explain the sequential decline in the Power and Protection segment and the outlook for 2025? A: The decline was primarily due to seasonality in Europe, particularly affecting rail and mobility, as well as the impact of trade restrictions on a supplier. However, recent bookings and customer conversations indicate a return to growth in 2025, driven by networking, e-mobility, and AI applications. - Lynn Hutkin, VP of Financial Reporting and Investor Relations and Farouq Tuweiq, CFO

Q: What is the status of finding a new supplier to replace the business lost due to trade restrictions? A: We are in the process of identifying replacement parts, but it will take time for customers to requalify designs. The urgency is mitigated by current inventory levels, and we expect some recovery in 2025. - Farouq Tuweiq, CFO

Q: Are the recent strong bookings related to AI or other emerging growth opportunities? A: Yes, some bookings are from AI customers, and we expect more orders soon. Additionally, our fuses business, an early recovery indicator, showed significant growth, suggesting positive trends. - Farouq Tuweiq, CFO

Q: How has the strike at an aerospace customer affected your business, and is it reflected in Q4 guidance? A: The strike had some impact, but it wasn't overly material for Q3. Our Q4 guidance accounts for potential ongoing effects, assuming no significant recovery within the quarter. - Farouq Tuweiq, CFO and Daniel Bernstein, CEO

Q: What does the Intercon Technologies acquisition bring to Bel Fuse, and what are the cross-selling opportunities? A: Intercon adds new markets in defense, commercial air, and space, complementing our power segment. It offers cross-selling opportunities with shared customers and enhances our ability to provide comprehensive solutions. - Farouq Tuweiq, CFO and Daniel Bernstein, CEO

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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