Bel Fuse Q2 net sales $170.6M (+22.9% YoY), net earnings $17.0M, record backlog $580M

BEL FUSE INC /NJ

Net earnings $17.0M vs $7.9M in Q2-21; adjusted EBITDA $19.1M, up 65% YoY.
Record quarterly bookings of $226M; backlog $580M, up 24% from Dec 31, 2021.
Commercial aerospace sales $7.8M (+43% YoY); e-Mobility $6.7M (+89% YoY).
Gross profit margin improved to 26.6% from 24.7% in Q2-21.

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