secwatch.observer — SEC 8-K summary
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Issuer:     BEL FUSE INC /NJ (BELFA)
CIK:        0000729580
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001437749-24-013252
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729580/000143774924013252/0001437749-24-013252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729580/000143774924013252/belfb20240312_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013252

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer