{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013252","form_type":"8-K","ticker":"BELFA","cik":"0000729580","company_name":"BEL FUSE INC /NJ","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.849389+00:00","generated_at":"2026-06-03T08:46:29.284863+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bel Fuse Q1 sales $128.1M (-26% YoY); net earnings $15.9M; Q2 sales guide $125-135M","bullets":["Net sales $128.1M vs $172.3M in Q1-23; net earnings $15.9M vs $14.6M YoY.","Gross profit margin 37.5% up from 31.1% YoY; adjusted EBITDA $24.5M (19.2% of sales).","Connectivity segment strong in commercial air/defense/space; Magnetics still destocking.","Q2-24 net sales guidance $125-135M, gross margin 34-36%.","Repurchased 109,000 shares for $6.3M in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013252","json":"https://secwatch.observer/filing/0001437749-24-013252.json","markdown":"https://secwatch.observer/filing/0001437749-24-013252.md","text":"https://secwatch.observer/filing/0001437749-24-013252.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/729580/000143774924013252/0001437749-24-013252-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/729580/000143774924013252/belfb20240312_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:46:29.284863+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b215517291e7883b01ef2490ae6c0fc3abb6f859","claim":"BEL FUSE INC /NJ reported the first quarter of 2024 results: revenue $128.1 million, net income $15.9 million. Guidance initiated.","evidence_excerpt":"25, 2024 -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the first quarter of 2024 . First Quarter 2024 Highlights • Net sales of $ 128.1 million compared to $ 172.3 million in Q1-23 • Gross profit margin of 37.5% , up from 31.1% in Q1-23 • Net earnings of $ 15.9 million versus $ 14.6 million in Q1-23 • Adjusted EBITDA of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/729580/000143774924013252/0001437749-24-013252-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2024"},{"label":"Revenue","value":"$128.1 million"},{"label":"Net income","value":"$15.9 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}