Brief: Bel Fuse Reports Q4 Sales Of $115.1 Mln

Bel Fuse

20/02/2020 12:50

Feb 20 (Reuters) - Bel Fuse Inc  BELFA.O :
    * BEL REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS
    * Q4 SALES FELL 19.3 PERCENT TO $115.1 MILLION
    * QUARTERLY LOSS PER CLASS A SHARE $0.50
    * QUARTERLY LOSS PER CLASS B SHARE $0.52
    * SAYS ENTER 2020 WITH VERY LIMITED VISIBILITY GIVEN RECENT
CORONAVIRUS OUTBREAK AND SEPARATELY, GROUNDING OF BOEING'S
737-MAX
    * SAYS CLOSELY MONITORING CORONAVIRUS OUTBREAK AND ITS
IMPACT ON
OPERATIONS AND SUPPLY CHANNEL
    * BEL FUSE - ANTICIPATE Q1 RESULTS WILL BE IMPACTED BY
EXTENDED
LUNAR NEW YEAR HOLIDAY BREAK AND BY LOWER PRODUCTIVITY LEVELS IN
CHINA SITES
    * SAYS CONTINUED GROUNDING OF BOEING'S 737-MAX WILL ALSO
HAVE AN
IMPACT ON OUR COMPARISONS THROUGHOUT 2020
    * SAYS ANTICIPATE PRODUCTION OF BOEING'S 737-MAX TO RESUME
IN
COMING MONTHS, IT WILL LIKELY BE AT A LOWER RATE FOR A PERIOD OF
TIME
    * SAYS WILL CONTINUE TO STREAMLINE ORGANIZATION TO IMPROVE
PROFITABILITY

Source text for Eikon:  ID:nGNX2n3Nfr 
Further company coverage:  BELFA.O 

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