Loading...
•
Sep 30, 2021
Bel Fuse Q3 2021 Earnings Report
Bel Fuse reported strong performance across all segments with record backlog.
Key Takeaways
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.
Net sales increased 18.1% to $147.0 million year-over-year.
Gross profit margin was 24.5% compared to 26.8% in Q3 2020.
CUI achieved year-over-year growth of 58%.
Bel's original product line, fuses, had a record quarter with sales growth up over 50% from the third quarter of 2020.
Forward Guidance
Bel remains strategically focused on assessing all parts of the organization to drive long-term value for its stakeholders. This includes a refresh of their growth and operating strategic plans, investing in communities while minimizing their impact on the environment, and continuing to promote disciplined capital allocation.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...