Bel Fuse (BELFA) Sees Q4 Sales of $143M

Bel Fuse Inc. (NASDAQ: BELFA) (NASDAQ: BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced preliminary updates related to the fourth quarter of 2018.

Net Sales and Backlog

The Company anticipates reporting net sales of approximately $143 million for the fourth quarter of 2018, up 19% from the same quarter of 2017. This is expected to result in full year 2018 sales of approximately $548 million, compared to $492 million for 2017. Fourth quarter 2018 bookings (orders received) continued to have year-over-year improvement over the 2017 period, bringing annual bookings for 2018 to approximately $578 million as compared to $516 million in 2017. The Company’s backlog of orders was $171.2 million at December 31, 2018, up 17% from $146.5 million at December 31, 2017.

The Company expects to report its preliminary financial results for the fourth quarter and full year 2018 on February 21, 2019.

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