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Sep 30, 2024
Bel Fuse Q3 2024 Earnings Report
Reported sales and gross margin percentage above the midpoint of expected ranges.
Key Takeaways
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.
Net sales reached $123.6 million, compared to $158.7 million in Q3 2023.
Gross profit margin increased to 36.1% from 35.0% in Q3 2023.
Focused on operational and internal initiatives, including the Enercon acquisition.
Positive trends in bookings during September and October across all product segments.
Revenue by Segment
Forward Guidance
Looking to the fourth quarter of 2024, Bel Fuse expects GAAP net sales in the range of $117 to $125 million with gross margins of approximately 34 - 36%, based on information available as of today. This guidance excludes any potential incremental contribution related to the previously-announced acquisition of Enercon, which is expected to close during the fourth quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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