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Dec 31, 2021
Bel Fuse Q4 2021 Earnings Report
Reported impressive top line growth with solid Q4 margin improvement.
Key Takeaways
Bel Fuse Inc. announced strong Q4 2021 results with net sales up 26.7% compared to Q4-20, and gross profit margin increased to 26.7%. Net earnings more than doubled over last year's fourth quarter.
Net sales of $147.1 million, up 26.7% from Q4-20
Gross profit margin of 26.7%, up from 25.3% in Q4-20
Net sales are up with solid performance across all three business units
Backlog continues to build as the demand for eMobility, commercial air, and industrials remain strong.
Forward Guidance
Bel will further execute on our strategic initiatives that are designed to enhance Bel's margins and drive continued improvement in operational excellence. Pricing adjustments to offset rising input costs are taking effect in each segment and newly-implemented pricing policies will enable us to react quickly to future cost changes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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