Bel Reports Third Quarter 2024 Results
Bel Fuse Inc. - Class A (BELFA)
US:NASDAQ Investor Relations:
ir.belfuse.com/investor-relations
Company Research
Source: GlobeNewswire
Sales and Gross Margin Percentage Above Mid-Point of Expected RangesProvides Q4-24 Sales and Gross Margin Guidance WEST ORANGE, N.J., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the third quarter of 2024. Third Quarter 2024 Highlights Net sales of $123.6 million compared to $158.7 million in Q3-23Gross profit margin of 36.1%, up from 35.0% in Q3-23Net earnings of $8.1 million versus $19.4 million in Q3-23Adjusted EBITDA of $20.6 million (16.7% of sales) as compared to $29.9 million (18.8% of sales) in Q3-23Repurchased 26,647 shares of Bel stock at an aggregate cost of $1.9 million in Q3-24 “We were pleased that our third quarter results landed above the midpoint of guidance for both sales and gross margin,” said Daniel Bernstein, President and CEO. “Each of our three product segments performed as expected, given the current market, regulatory and seasonal factors outlined in last quar
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BELFA
News
- With 77% ownership of the shares, Bel Fuse Inc. (NASDAQ:BELF.A) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Bel Fuse (BELFA) Post Q3 Earnings: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
- Bel Closes Its Previously Announced Acquisition of Enercon Technologies [Yahoo! Finance]Yahoo! Finance
- Bel Closes Its Previously Announced Acquisition of Enercon TechnologiesGlobeNewswire
- Bel Fuse Announces Upcoming Investor Conference Schedule for November 2024GlobeNewswire
BELFA
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/20/24 - Form 8-K
- BELFA's page on the SEC website