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Bel Fuse Inc. (BELFB) CEO Dan Bernstein on Q1 2021 Results - Earnings Call Transcript

May 03, 2021 2:53 PM ETBel Fuse Inc. (BELFB), BELFA
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Bel Fuse Inc. (NASDAQ:BELFB) Q1 2021 Earnings Conference Call May 3, 2021 11:00 AM ET

Company Participants

Dan Bernstein - President and Chief Executive Officer

Farouq Tuweiq - Chief Financial Officer

Craig Brosious - Vice President of Finance

Lynn Hutkin - Director of Financial Reporting

Conference Call Participants

Theodore O'Neill - Litchfield Hills Research

Jim Ricchiuti - Needham & Company

Hendi Susanto - Gabelli Funds


Good day, and welcome to the Bel Fuse Inc. First Quarter 2021 Results Conference Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Mr. Dan Bernstein, President and Chief Executive Officer. Please go ahead.

Dan Bernstein

Thank you, Jennifer. Joining me on the call today is Farouq Tuweiq, our CFO; Craig Brosious, our Vice President of Finance; and Lynn Hutkin, our Director of Financial Reporting. Before begin the call, I'd like to ask Lynn to go over the safe harbor statement. Lynn?

Lynn Hutkin

Thank you, Dan. Good morning, everybody. Before we start, I'd like to read the following safe harbor statement. Except for historical information contained on this call, the matters discussed on this call, such as statements regarding the anticipated impact of the acquired EOS Power business on our results, anticipated higher sales for our Magnetic Solutions group during the second and third quarters as a result of strong bookings in the first quarter, expectations regarding our scheduled backlog as an indicator of stronger sales in the second and third quarters, expected contributions to net earnings from our rms and EOS acquisition and cost savings from restructuring efforts, and our efforts to continue to optimize our cost structure are all forward-looking statements as described under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Actual results could differ materially from Bel's projections.

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