Farouq Tuweiq on transparency
From CFO Farouq Tuweiq, NASDAQ 4th Annual Small Cap Forum · · Bel Fuse Inc.
“We had to be transparent to build credibility with investors, sharing the good, the bad, and the ugly, and listening to their feedback to add value for everyone.”
On , Farouq Tuweiq, Chief Financial Officer, Principal Financial Officer & Treasurer at BEL FUSE INC, spoke about transparency during CFO Farouq Tuweiq, NASDAQ 4th Annual Small Cap Forum on Bel Fuse Inc..
About Farouq Tuweiq
Farouq Tuweiq, Chief Financial Officer of Bel Fuse, has participated in several media appearances in late 2024. In a NASDAQ Small Cap Forum session, he discussed the company's transition from a micro-cap to a SMID-cap company, stating that the company had focused on improving margins and paying down debt. He said that Bel Fuse had revamped its finance structure, increased its investor outreach from two to three conferences per year to 13 to 14 in 2022, and implemented its first stock buyback. Tuweiq also described the company's focus on long design cycle businesses such as defense and commercial aerospace. In a separate NASDAQ Amplify Spotlight and an interview with TD Ameritrade (Schwab Network), Tuweiq discussed Bel Fuse's 75-year history, its global operations with 7,000 employees, and its presence in end markets including commercial air, defense, e-mobility, and data centers. He noted that the company had made three acquisitions since he joined, including one in the EV space, and had reduced its debt to $60 million at a fixed interest rate. Tuweiq stated that the company was seeing strong demand in commercial air, defense, and e-mobility, and described AI as a "new theme" that would create demand for data center and networking products. He also said that supply chain issues were easing, though some concerns remained around certain components, and that the company had not yet seen a recession despite predictions.