---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028966"
form_type: "8-K"
ticker: "BELFA"
cik: "0000729580"
company_name: "BEL FUSE INC /NJ"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:19:11.910068+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bel Fuse Q3 net earnings rise to $19.4M despite 11% sales decline; guides Q4 sales $146-$154M

## Summary
- Net sales of $158.7M, down 11% from $177.7M in Q3-22; non-GAAP adjusted sales $157.7M.
- Gross margin improved to 35.0% from 29.0% year-over-year on favorable product mix.
- Net earnings of $19.4M vs. $16.5M in Q3-22; adjusted EBITDA $29.9M (18.8% of sales).
- Backlog $408M at Sept. 30, 2023; Q4-23 sales expected in $146-$154M range.
- Facility consolidations substantially complete; projected annual cost savings of ~$6.9M.

## SEC filing metadata
- accession: 0001437749-23-028966
- form_type: 8-K
- ticker: BELFA
- cik: 0000729580
- company_name: BEL FUSE INC /NJ
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729580/000143774923028966/0001437749-23-028966-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729580/000143774923028966/belfb20230809_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028966
- JSON: https://secwatch.observer/filing/0001437749-23-028966.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028966.txt

## Key facts
- Earnings Releases
  BEL FUSE INC /NJ reported the third quarter of 2023 results: revenue $ 158.7 million, net income $ 19.4 million.
  - Period: the third quarter of 2023
  - Revenue: $ 158.7 million
  - Net income: $ 19.4 million
  - Result: preliminary results
  source text: Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the third quarter of 2023 . Third Quarter 2023 Highlights • Net sales of $ 158.7 million compared to $177.7 million in Q3-22.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729580/000143774923028966/0001437749-23-028966-index.htm
- Governance Changes
  BEL FUSE INC /NJ: Adopted Amended and Restated By-Laws with enhanced advance notice provisions, director nominee requirements, proxy card color rule, and ministerial updates (effective 2023-10-25).
  - Change: bylaw amendment
  - Effective: 2023-10-25
  source text: On October 25, 2023, the Company’s Board of Directors (the “Board”) adopted Amended and Restated By-Laws of the Company (the “Amended and Restated By-Laws”), effective as of that date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729580/000143774923028966/0001437749-23-028966-index.htm

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