---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020744"
form_type: "8-K"
ticker: "BELFA"
cik: "0000729580"
company_name: "BEL FUSE INC /NJ"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:32:35.800134+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bel Fuse Q2 net earnings $27.8M, gross margin 32.9%; CEO notes record power sales, commercial aerospace up 102%

## Summary
- Net sales $168.8M (vs $170.6M Q2-22); gross margin 32.9% (up from 26.6% YoY).
- Net earnings $27.8M vs $17.0M; adjusted EBITDA $28.6M (17% of sales), up from $19.1M (11.2%).
- Voluntary debt paydown of $40M; divestment of Czech business and sale of HQ building contributed gains.
- Q3 guidance: GAAP net sales $157-$165M; gross margins expected to hold at Q2 levels.
- President of Bel Power Solutions Dennis Ackerman to retire July 31, 2024; will assist transition.

## SEC filing metadata
- accession: 0001437749-23-020744
- form_type: 8-K
- ticker: BELFA
- cik: 0000729580
- company_name: BEL FUSE INC /NJ
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729580/000143774923020744/0001437749-23-020744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729580/000143774923020744/belfb20230530_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020744
- JSON: https://secwatch.observer/filing/0001437749-23-020744.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020744.txt

## Key facts
- Earnings Releases
  BEL FUSE INC /NJ reported the second quarter of 2023 results: revenue $168.8 million, net income $27.8 million.
  - Period: the second quarter of 2023
  - Revenue: $168.8 million
  - Net income: $27.8 million
  - Result: preliminary results
  source text: 2023 -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the second quarter of 2023 . Second Quarter 2023 Highlights • Net sales of $ 168.8 million compared to $170.6 million in Q2-22. Non-GAAP adjusted net sales (which exclude raw material expedite fee invoicing) were $163.1 million in Q2-23, up from $161.4 million in Q2-22
  evidence_url: https://www.sec.gov/Archives/edgar/data/729580/000143774923020744/0001437749-23-020744-index.htm
- Executive change
  Dennis Ackerman departed as President of Bel Power Solutions segment and Vice President of Operations at BEL FUSE INC /NJ.
  - Action: retires
  - Role: President of Bel Power Solutions segment and Vice President of Operations
  source text: On July 25, 2023, Dennis Ackerman, President of the Company’s Bel Power Solutions segment and the Company’s Vice President of Operations, notified the Company’s board of directors that he intends to retire from his positions with the Company effective as of July 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729580/000143774923020744/0001437749-23-020744-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.