)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Bel Fuse
Bel Fuse (BELFB) investor relations material
Bel Fuse 28th Annual Needham Growth Conference Virtual summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.28th Annual Needham Growth Conference Virtual summary13 Jan, 2026
Company Overview and Transformation
Over 75 years in business, with $657M in annual sales as of TTM 9/30/25 and nearly 21% EBITDA margin after significant margin improvement efforts.
Shifted from a magnetics-focused business to a diversified portfolio: power (50%+ of sales), connectivity (about 33%), and magnetics (13%).
Aerospace and defense now represent 40% of end markets, up from 17% after the Enercon acquisition in November 2024.
Sales have remained relatively flat since 2021, but profitability has increased dramatically due to operational changes and margin focus.
Recognized by Forbes as one of America's most successful small companies for 2026.
Margin Improvement and Operational Changes
EBITDA margin improved from 5% in 2020 to nearly 21% through SKU rationalization, price adjustments, procurement improvements, and sales team changes.
Implemented pay-for-performance culture, ERP system, CRM, dashboards, and facility consolidations.
Maintained margin expansion even during periods of flat sales.
Margins in the PS&P business are industry-leading and expected to remain strong, with ongoing focus on operational leverage.
FX headwinds expected in 2025-2026, particularly from the Chinese renminbi and Israeli shekel.
Market Trends and Demand Outlook
2025 saw robust demand across all business units, with recovery driven by actual demand rather than restocking.
2026 is expected to continue this trend, with strong growth and healthy backlog, especially in A&D.
Power segment benefits from diverse applications, including AI infrastructure, data centers, rail, e-mobility, and industrial.
AI-related sales, especially to GPU manufacturers, are a significant growth driver.
Distribution channels have rebounded, contributing to resilience in power applications.
Future margin strategy beyond 21% EBITDA?
Sales infrastructure impact on top-line growth?
M&A focus: new markets or existing expansion?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Bel Fuse earnings date
Q4 202526 Feb, 2026
Bel Fuse
Next Bel Fuse earnings date
Q4 202526 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Bel Fuse Inc designs, manufactures, and markets electronic components that power, protect, and connect electronic circuits. Its products include power solutions, magnetic-based connectivity devices, and circuit protection components. The company serves industries such as telecommunications, transportation, computing, and industrial automation. The company is headquartered in Jersey City, New Jersey, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage