Bel Reports Fourth Quarter and Full Year 2023 Results
Bel Fuse Inc. - Class A (BELFA)
US:NASDAQ Investor Relations:
ir.belfuse.com/investor-relations
Company Research
Source: GlobeNewswire
WEST ORANGE, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2023. Fourth Quarter 2023 Highlights •Net sales of $140.0 million compared to $169.2 million in Q4-22. Non-GAAP adjusted net sales (which exclude expedite fee revenue) were $139.6 million in Q4-23 as compared to $158.7 million in Q4-22•Gross profit margin of 36.6%, up from 31.0% in Q4-22•Net earnings of $12.0 million versus $14.0 million in Q4-22•Adjusted EBITDA of $24.0 million (17.1% of sales) as compared to $25.0 million (14.8% of sales) in Q4-22 Full Year 2023 Highlights •Net sales of $639.8 million compared to $654.2 million in 2022. Non-GAAP adjusted net sales (which exclude expedite fee revenue) were $625.0 million in 2023, up from $621.7 million in 2022•Gross profit margin of 33.7%, up from 28.0% in 2022•Net earnings of $73.8 million versus $52.7 million in 2022•Adjusted EBITDA of $110.
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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 Results [Yahoo! Finance]Yahoo! Finance
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