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Jun 30, 2022
Bel Fuse Q2 2022 Earnings Report
Reported record-breaking second quarter with highest Net Sales and Adjusted EBITDA in Bel's history.
Key Takeaways
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.
Net sales reached $170.6 million, a 22.9% increase compared to Q2 2021.
Gross profit margin improved to 26.6%, up from 24.7% in Q2 2021.
Commercial aerospace sales increased by 43% year-over-year, reaching $7.8 million.
e-Mobility end market experienced 89% growth year-over-year, with sales of $6.7 million.
Forward Guidance
Bel Fuse is confident about its near and long-term prospects, driven by achievements to date and current backlog. The company's focus remains on higher-margin revenue, operational efficiencies, and investing in talent, technology, and product development.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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