Bel Reports First Quarter 2024 Results [Yahoo! Finance]
Bel Fuse Inc. - Class A (BELFA)
US:NASDAQ Investor Relations:
ir.belfuse.com/investor-relations
Company Research
Source: Yahoo! Finance
WEST ORANGE, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the first quarter of 2024. First Quarter 2024 Highlights • Net sales of $128.1 million compared to $172.3 million in Q1-23 • Gross profit margin of 37.5%, up from 31.1% in Q1-23 • Net earnings of $15.9 million versus $14.6 million in Q1-23 • Adjusted EBITDA of $24.5 million (19.2% of sales) as compared to $28.1 million (16.3% of sales) in Q1-23 • Repurchased 109,000 shares of Bel stock at an aggregate cost of $6.3 million through March 31, 2024 “We are pleased with our Q1 results, achieving a higher than anticipated level of profitability on a lower sales volume from Q1-23, which was within our expected range,” said Daniel Bernstein, President and CEO. “Our Connectivity segment continues to be strong with robust sales into commercial air and defense and meaningful sales into the emerging end market of space. From a pr
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BELFA
News
- Bel Fuse Announces Upcoming Investor Conference Schedule for May 2024GlobeNewswire
- Results: Bel Fuse Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates [Yahoo! Finance]Yahoo! Finance
- Bel Fuse First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B SharesGlobeNewswire
- Bel Reports First Quarter 2024 ResultsGlobeNewswire
BELFA
Sec Filings
- 4/30/24 - Form 10-Q
- 4/29/24 - Form SC
- 4/25/24 - Form 8-K
- BELFA's page on the SEC website