---
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"
generated_at: "2026-06-03T08:46:29.284863+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bel Fuse Q1 sales $128.1M (-26% YoY); net earnings $15.9M; Q2 sales guide $125-135M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013252
- JSON: https://secwatch.observer/filing/0001437749-24-013252.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013252.txt

## Key facts
- Earnings Releases
  BEL FUSE INC /NJ reported the first quarter of 2024 results: revenue $128.1 million, net income $15.9 million. Guidance initiated.
  - Period: the first quarter of 2024
  - Revenue: $128.1 million
  - Net income: $15.9 million
  - Guidance: initiated
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/729580/000143774924013252/0001437749-24-013252-index.htm

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