Loading...
•
Sep 30, 2023
Bel Fuse Q3 2023 Earnings Report
Bel Fuse reported impressive Q3 2023 results driven by continuous financial discipline.
Key Takeaways
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.
Net sales reached $158.7 million, compared to $177.7 million in Q3 2022.
Non-GAAP adjusted net sales were $157.7 million, down from $168.3 million in Q3 2022.
Gross profit margin improved to 35.0%, up from 29.0% in Q3 2022.
Facility consolidations are expected to result in annualized cost savings of approximately $6.9 million.
Forward Guidance
Bel Fuse estimates Q4 2023 GAAP net sales in the $146-$154 million range and gross profit margins roughly in line with Q3 2023 levels.
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...