Loading...
•
Dec 31, 2019
Bel Fuse Q4 2019 Earnings Report
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.
Key Takeaways
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.
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.
Challenges Ahead
- 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...