Bel Fuse Inc. (NASDAQ:BELFB) Q1 2024 Earnings Call Transcript

Hendi Susanto: No, no, by product group or by areas.

Farouq Tuweiq: Yeah, I mean, ultimately, I think, Hendi it really depends on to the customer and the end market they’re in.

Daniel Bernstein: I think if you look at our military aerospace to distribution.

Lynn Hutkin: That’s strong.

Daniel Bernstein: That’s very strong. What we’re getting hit is more in the consumer, from our CUI product group, our huge product group, our magnetic product group, things that go into networking consumer is really where they have the overhead and total situation. And basically, that was based on there was a problem with semiconductors. And so people were in products thinking they were going to get the semiconductors in. They never got the semiconductors in, but they received the passive components. So most of our in our channel, most of the problem is coming from the magnetic group, circuit protection and power supplies.

Hendi Susanto: I see. Okay. Thank you. And then all the best for 2024.

Daniel Bernstein: Thank you so much.

Farouq Tuweiq: Thanks, Hendi.

Operator: Thank you. We have reached the end of our question-and-answer session. And with that, I would like to turn the floor back over to Dan Bernstein for any closing comments.

Daniel Bernstein: Thank you for joining us today and we’re looking forward to speaking to you in July.

Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.