NASDAQ$BELFB

Bel Fuse Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Bel Fuse Inc. reported a net loss for Q4 2019, impacted by international trade policy and tariffs, while also seeing positive signs in bookings and cost structure initiatives.

Bel Fuse Inc. reported a decrease in net sales and gross profit margin for Q4 2019 compared to the previous year. The company experienced a net loss, influenced by trade policies and tariffs. However, there were positive signs in bookings for Cinch and Magnetic product groups, and progress in cost structure initiatives.

  • Net sales decreased by 19.3% to $115.1 million compared to Q4 2018.
  • Gross profit margin declined to 21.4% from 26.8% in Q4 2018.
  • Operating loss was $(2.2) million, a decrease from income of $7.7 million in Q4 2018.
  • Net loss was $(6.4) million, compared to net earnings of $4.0 million in Q4 2018.

Headline financials

Total Revenue

$115M

Previous: $143M-19.3%
EPS (adj)

-$0.30

Previous: $0.39-176.9%
Net Income

-$6.4M

No prior period
Operating Income

-$2.2M

No prior period
Gross Profit

$24.6M

No prior period
Cash & Equivalents

$73.2M

No prior period
Total Assets

$540M

No prior period

Revenue & EPS history

Bel Fuse · Revenue · Quarterly

$115M

Q4 2019-19.3%vs Q4 2018
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Bel anticipates first quarter 2020 results will be impacted by the extended Lunar New Year holiday break, lower productivity levels at manufacturing sites in China, and the continued grounding of Boeing's 737-MAX.

Headwinds

  • First quarter 2020 results will be impacted by the extended Lunar New Year holiday break.
  • Lower productivity levels at our four manufacturing sites in China.
  • Lead times for our products are currently pushed back by four weeks, and may extend further.
  • The continued grounding of Boeing's 737-MAX will also have an impact on our comparisons throughout 2020.
  • Production of the aircraft was suspended in January 2020, and while we anticipate production to resume in the coming months, it will likely be at a lower rate for a period of time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.7%

Avg return

Earnings day

+3.7%

Avg return

5 days after

+6.3%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+19.5%

Q4 2021

Best reaction

-29.0%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.0%+15.1%+6.2%
Q4 2025-6.6%-1.5%-13.3%
Q3 2025-1.3%+1.2%+1.0%
Q2 2025+16.2%+22.3%+28.8%
Q1 2025+0.3%-6.3%+3.3%
Q4 2024-2.1%+3.1%-10.4%
Q3 2024-0.3%-5.2%-2.2%
Q2 2024+4.1%+7.1%-4.6%
Q1 2024-2.9%-3.3%+13.2%
Q4 2023-20.3%-25.2%-17.1%
Q3 2023+18.8%+32.9%+38.3%
Q2 2023-7.1%-9.5%-16.1%
Q1 2023+12.7%+35.9%+57.7%
Q4 2022-12.0%-10.5%-12.5%
Q3 2022-3.8%+5.9%+23.4%
Q2 2022+15.0%+31.3%+43.2%
Q1 2022+5.2%+6.7%+4.4%
Q4 2021+19.5%+34.2%+67.0%
Q3 2021+14.7%+23.0%+4.4%
Q2 2021+13.8%+11.2%+18.5%
Q1 2021-7.7%-12.4%-24.3%
Q4 2020-4.6%+7.2%+24.2%
Q3 2020+16.5%+18.9%+45.5%
Q2 2020+5.2%+6.3%-3.6%
Q1 2020+9.0%+14.6%+25.6%
Q4 2019-21.7%-31.3%-53.8%
Q3 2019-4.0%-0.4%+10.5%
Q2 2019-29.0%-31.9%-33.3%
Q1 2019-3.6%-5.8%-26.6%
Q4 2018+11.6%-4.8%+3.8%
Q3 2018+12.5%+14.1%+2.3%
Q2 2018+9.0%+12.5%+32.9%
Q1 2018-2.6%-3.9%-5.1%
Q4 2017-1.5%-5.3%+0.8%
Q3 2017-14.5%-18.9%-12.3%
Q2 2017+7.5%+10.1%+0.2%
Q1 2017+0.0%-0.4%+9.2%
Q4 2016+0.0%-10.9%-20.5%
Q3 2016+4.6%+14.3%+21.8%
Q2 2016+2.6%+9.0%+20.4%
Q1 2016+0.3%
Q4 2015-3.7%
Q3 2015-3.8%
Q2 2015-1.1%
Q1 2015+1.0%
Q4 2014-0.2%
Q3 2014+0.3%
Q2 2014+0.0%
Q1 2014+2.3%
Q4 2013-1.4%
Q3 2013-1.0%
Q2 2013+1.5%
Q1 2013+0.0%
Q4 2012-5.5%
Q3 2012+0.1%
Q2 2012-1.7%
Q1 2012-1.5%
Q4 2011+0.6%
Q3 2011-0.6%
Q2 2011-4.1%
Q1 2011+2.3%
Q4 2010-1.0%
Q3 2010+6.5%
Q2 2010+1.1%
Q1 2010-2.4%

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