Bel Provides Fourth Quarter Update
January 16 2013 - 2:15PM
Business Wire
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.
About Bel
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 world.
Forward-Looking Statements
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.
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