secwatch.observer — SEC 8-K summary
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Issuer:     BEL FUSE INC /NJ (BELFA)
CIK:        0000729580
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001437749-22-024818
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bel Fuse Q3 sales $177.7M (+20.9%), net earnings $16.5M; adjusted EBITDA record $27.3M
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- Net sales $177.7M, up 20.9% YoY; net earnings $16.5M vs $5.7M in Q3-21.
- Adjusted EBITDA $27.3M (+115% YoY); gross margin expanded to 29.0% from 24.5%.
- Backlog $583M (+25% from Dec 2021); quarterly bookings $180M.
- Facility consolidation: 9 Chinese plants into one; $10M one-time costs, $4M capex, ~$5M annual savings; completion by Q3-23.
- Sold corporate building, $1.6M gain; expects 170k sq ft occupancy reduction by end 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729580/000143774922024818/0001437749-22-024818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729580/000143774922024818/belfb20220814_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024818

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