Bel Fuse Q2 net sales $133.2M, down 21% YoY; gross margin improves to 40.1%

BEL FUSE INC /NJ

Net earnings $18.8M vs $27.8M in Q2-23; adjusted EBITDA $27.4M (20.6% of sales).
Repurchased 126,552 shares for $7.9M in Q2-24.
Q3-24 guidance: net sales $118-126M, gross margin 34-36%.
Power segment faces ~$3-4M quarterly headwind from trade restrictions on former supplier.
Commercial air, defense and rail end markets solid; networking and distribution remain soft.

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.