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0.140863662078069 0.140863662078069 0.140863662078069 0.140863662078069 0.140863662078069 0.282293041674524 0.187063926079578 0.175897739823819
Stock impact report

Bel Reports First Quarter 2020 Results

Bel Fuse Inc. - Class A (BELFA) 
US:NASDAQ Investor Relations: ir.belfuse.com/investor-relations
Company Research Source: GlobeNewswire
JERSEY CITY, N.J., May 01, 2020 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer and provider of products that power, protect and connect electronic circuits, today announced preliminary financial results for the first quarter of 2020. First Quarter 2020 Highlights Net sales of $104.0 million, down 17.1% from Q1-19Gross profit margin of 24.2%, down from 24.5% in Q1-19Net loss of $3.8 million, as compared with net earnings of $1.1 million in Q1-19CUI acquisition in December 2019 contributed $8.2 million to Q1-20 sales at a gross profit margin of 36.8%Backlog of $191.2 million at March 31, 2020, up 19% from year-endCash flow provided by operating activities of $8.1 million Non-GAAP financial measures, such as Non-GAAP net earnings, Non-GAAP EPS, EBITDA and Adjusted EBITDA, exclude the impact of acquisition-related costs and restructuring charges. Please refer to the financial information included with this press release for reconciliations of GA Show less Read more
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