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.
Net sales for Q3 2025 were $179.0 million, marking a 44.8% increase from $123.6 million in Q3 2024.
Gross profit margin improved to 39.7% in Q3 2025, up from 36.1% in the same period last year.
GAAP net earnings attributable to Bel shareholders significantly increased to $22.3 million in Q3 2025, compared to $8.1 million in Q3 2024.
Adjusted EBITDA reached $39.2 million (21.9% of sales) in Q3 2025, up from $21.5 million (17.4% of sales) in Q3 2024.
For the fourth quarter of 2025, Bel Fuse estimates net sales to be between $165 million and $180 million, with gross margin expected to remain healthy in the 37% to 39% range, reflecting typical seasonality due to holidays.
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