Bel Fuse Earnings Reports

Bel Fuse Inc. delivered a robust third quarter in 2025, with net sales reaching $179.0 million, a significant increase of 44.8% from the previous year. The company also achieved a gross profit margin of 39.7%, up from 36.1% in Q3-24, driven by strong demand in commercial aerospace, defense, and a rebound in networking and distribution sectors. GAAP net earnings attributable to Bel shareholders surged to $22.3 million, compared to $8.1 million in Q3-24.

Bel Fuse Inc. announced preliminary financial results for the first quarter of 2025, with net sales increasing to $152.2 million from $128.1 million in Q1-24. Gross profit margin improved to 38.6% from 37.5%, and GAAP net earnings attributable to Bel shareholders were $17.9 million.

Bel Fuse Inc. announced preliminary financial results for Q4 2024, with net sales increasing to $149.9 million from $140.0 million in Q4 2023, and gross profit margin improving to 37.5% from 36.6%. However, the company reported a GAAP net loss of $1.8 million attributable to Bel shareholders, compared to net earnings of $12.0 million in Q4 2023. Non-GAAP net earnings were $19.0 million, slightly down from $19.5 million in Q4 2023. Adjusted EBITDA increased to $30.3 million (20.2% of sales) from $27.3 million (19.5% of sales) in Q4 2023. The acquisition of Enercon was completed, making aerospace and defense Bel's largest end market.

Bel Fuse Inc. announced preliminary financial results for the third quarter of 2024, with net sales of $123.6 million and a gross profit margin of 36.1%. The company repurchased 26,647 shares of Bel stock at an aggregate cost of $1.9 million in Q3-24.

Bel Fuse Inc. announced preliminary financial results for Q2 2024, with net sales of $133.2 million and a gross profit margin of 40.1%. The company repurchased 126,552 shares of its stock at a cost of $7.9 million.

Bel Fuse Inc. reported a decrease in net sales to $128.1 million compared to $172.3 million in Q1 2023, but achieved a higher gross profit margin of 37.5% compared to 31.1% in the same period last year. The company also repurchased 109,000 shares of Bel stock at an aggregate cost of $6.3 million.

Bel Fuse Inc. announced preliminary financial results for Q4 2023, featuring net sales of $140.0 million and a gross profit margin of 36.6%. The company also announced a new $25 million share repurchase program.

Bel Fuse reported Q3 2023 results with net sales of $158.7 million and a gross profit margin of 35.0%. The company's performance was driven by a focus on engineering efforts and strategic revenue discipline.

Bel Fuse Inc. reported net sales of $168.8 million for Q2 2023, compared to $170.6 million in Q2 2022. Gross profit margin increased to 32.9% from 26.6% in Q2 2022. The Power group achieved record sales this quarter of $87.1 million.

Bel Fuse Inc. announced strong Q1 2023 results, with net sales up 26.1% year-over-year to $172.3 million and a gross profit margin of 31.1%, an increase from 25.0% in Q1 2022. The Connectivity and Power groups posted record sales, and the company is optimistic about continued growth throughout 2023.

Bel Fuse Inc. reported a 15.0% increase in net sales, reaching $169.2 million in Q4 2022, and an improved gross profit margin of 31.0%. The company also achieved record net sales of $654.2 million for the full year 2022, with a gross profit margin of 28.0%.

Bel Fuse Inc. announced preliminary financial results for the third quarter of 2022, featuring net sales of $177.7 million, a 20.9% increase from Q3-21, and a gross profit margin of 29.0%, up from 24.5% in Q3-21.

Bel Fuse Inc. reported a strong second quarter in 2022, marked by record-breaking net sales of $170.6 million, a 22.9% increase from Q2-21, and the highest Adjusted EBITDA in the company's history. The company's bookings and backlog also reached an all-time high, driven by growth in commercial aerospace and e-Mobility end markets. Strategic initiatives focused on higher-margin revenue and operational efficiencies contributed to the positive results.

Bel Fuse Inc. announced strong preliminary financial results for the first quarter of 2022, marked by a 23.6% increase in net sales compared to Q1 2021 and an improved gross profit margin. The company's performance was driven by exceptional results across all three business units and strong demand, leading to a build-up of order backlog.

Bel Fuse Inc. announced strong Q4 2021 results with net sales up 26.7% compared to Q4-20, and gross profit margin increased to 26.7%. Net earnings more than doubled over last year's fourth quarter.

Bel Fuse Inc. announced preliminary financial results for Q3 2021, with net sales increasing by 18.1% to $147.0 million compared to $124.5 million in the same quarter last year. The sales growth was driven by the Power Solutions and Magnetics segments and contributions from recent acquisitions. Material shortages and logistics impacted net sales by approximately $10 million.

Bel Fuse Inc. reported a 14.5% increase in net sales to $138.7 million for the second quarter of 2021, compared to $121.2 million in the same quarter last year. The company saw improvements in both GAAP and non-GAAP EPS, driven by solid execution across its three business units and contributions from recent acquisitions. A record backlog of over $300 million was also reported.

Bel Fuse Inc. reported a 6.4% increase in net sales to $110.6 million compared to the previous year's first quarter. The company's backlog reached a record level of $234 million by the end of the quarter. The sale of a property in Hong Kong contributed a $6.2 million gain, leading to improved net earnings and EPS versus last year’s first quarter.

Bel Fuse Inc. reported Q4 2020 net sales of $116.1 million, a 0.9% increase from Q4 2019. The gross profit margin improved to 25.3% from 21.1% in Q4 2019. Full year net sales were $465.8 million, down 5.4% from 2019, while the gross profit margin increased to 25.7% from 22.3% in 2019.

Bel Fuse Inc. announced preliminary financial results for the third quarter of 2020, with net sales of $124.5 million and a gross profit margin of 26.9%. The company's profitability improved due to ongoing cost reduction plans and streamlining efforts.

Bel Fuse Inc. reported a decrease in net sales but an increase in gross profit margin and operating income for the second quarter of 2020. The company's focus on profitability and cost reduction efforts contributed to the improved financial results.

Bel Fuse Inc. reported a net loss of $(3.8) million for Q1 2020, impacted by COVID-19 related facility closures and supply chain disruptions, as well as a loss on company-owned life insurance policies. These factors were partially offset by the acquisition of CUI and stimulus funding from the Chinese government. Net sales decreased by 17.1% year-over-year to $104.0 million.

Bel Fuse Inc. reported a decrease in net sales and gross profit margin for Q4 2019 compared to the previous year. The company experienced a net loss, influenced by trade policies and tariffs. However, there were positive signs in bookings for Cinch and Magnetic product groups, and progress in cost structure initiatives.