secwatch.observer — SEC 8-K summary
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Issuer:     BEL FUSE INC /NJ (BELFA)
CIK:        0000729580
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001437749-24-005086
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729580/000143774924005086/0001437749-24-005086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729580/000143774924005086/belfb20231110_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-005086

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