secwatch.observer — SEC 8-K summary
======================================

Issuer:     BEL FUSE INC /NJ (BELFA)
CIK:        0000729580
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001437749-22-009891
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bel Fuse Q1 2022 net sales $136.7M (+23.6%), net earnings $5.1M, backlog $525M
------------------------------------------------------------------------------

- Net sales of $136.7M, up 23.6% YoY; gross margin improved to 25.0% from 21.9%.
- Net earnings of $5.1M vs $3.2M in Q1-21; adjusted EBITDA of $11.6M, up 3.7x YoY.
- Backlog of orders $525M, up 12% from December 31, 2021.
- Magnetic Solutions group gross margin improved to 20.1% from 13.7% YoY.
- Circuit protection product line sales more than doubled to over $8M in the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729580/000143774922009891/0001437749-22-009891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729580/000143774922009891/belfb20220406_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009891

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