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Dec 31, 2022
Bel Fuse Q4 2022 Earnings Report
Bel Fuse Inc. reported a strong finish to a record-breaking year with increased net sales and improved gross profit margin for Q4 2022.
Key Takeaways
Bel Fuse Inc. reported a 15.0% increase in net sales, reaching $169.2 million in Q4 2022, and an improved gross profit margin of 31.0%. The company also achieved record net sales of $654.2 million for the full year 2022, with a gross profit margin of 28.0%.
Net sales increased by 15.0% to $169.2 million compared to Q4 2021.
Gross profit margin improved to 31.0% from 26.7% in Q4 2021.
Power Solutions and Protection sales increased by 38.5% compared to Q4 2021.
The company is focusing on profitable growth by investing in key and high-growth market segments.
Revenue by Segment
Forward Guidance
Bel Fuse anticipates that lower bookings from magnetics networking customers will be offset by higher demand from the commercial aerospace and eMobility markets in 2023. The company expects to benefit from diversity in end markets.
Positive Outlook
- Focus on profitable growth by investing in key and high-growth market segments
- Doubling down on new business development
- Internal investments needed to support customers
- Benefit from diversity in end markets in 2023
- Higher demand from the commercial aerospace and eMobility markets
Challenges Ahead
- Lower bookings from our magnetics networking customers are expected
- Challenging environment
- Rising input costs
- Capacity and supply constraints or difficulties, including supply chain constraints or other challenges
Historical Earnings Impact
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Avg. Return Before/After Earnings
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