secwatch.observer — SEC 8-K summary
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Issuer:     BEL FUSE INC /NJ (BELFA)
CIK:        0000729580
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001437749-21-024597
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bel Fuse Q3 net sales up 18% to $147M; GAAP EPS down to $0.44; record backlog $390M
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- GAAP net earnings $5.7M ($0.44 per Class A, $0.47 per Class B) vs $7.5M ($0.57/$0.61) in Q3-20.
- Gross margin 24.5% vs 26.8% YoY; management cites global labor/material cost pressure.
- Record backlog $390M (+100% from Dec 2020); quarterly bookings $223M, ~3x Q3-20.
- Jacqueline Brito appointed to Board, effective Oct 28; also receives $89k consulting agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729580/000143774921024597/0001437749-21-024597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729580/000143774921024597/belfb20210824_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-024597

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer