Bel Fuse Q4 net sales down 17% YoY to $140M; gross margin expands; announces $25M buyback

BEL FUSE INC /NJ

Q4 net sales $140.0M, down 17% YoY; full-year net sales $639.8M, down 2% YoY.
Q4 GAAP net earnings $12.0M; full-year net earnings $73.8M, up from $52.7M in 2022.
Gross margin expanded to 33.7% full year vs 28.0% in 2022; Q4 margin 36.6% vs 31.0%.
Adjusted EBITDA $110.5M (17.3% of sales) in 2023, up from $83.0M (12.7%) in 2022.
Board authorized $25M share repurchase program; $4M for Class A, $21M for Class B shares.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEL FUSE INC /NJ reported preliminary financial results for the fourth quarter and full year of 2023.

Period: the fourth quarter and full year of 2023
Result: preliminary results

Exact text from the filing

Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2023.

View on SEC.gov

50 earnings releases filed in the last 30 days. Browse all earnings releases →

BEL FUSE INC /NJ filing history →

Source: SEC EDGAR

accession 0001437749-24-005086

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.