secwatch.observer — SEC 8-K summary
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Issuer:     BEL FUSE INC /NJ (BELFA)
CIK:        0000729580
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001437749-25-004235
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bel Fuse reports Q4 GAAP net loss of $1.8M; organic sales down 7.8%; CEO transition announced
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- GAAP net loss attributable to Bel shareholders of $1.8M in Q4 2024 vs net earnings of $12.0M in Q4 2023.
- Q4 net sales $149.9M, up 7% YoY; organic sales down 7.8% excluding $20.8M from Enercon acquisition.
- Adjusted EBITDA $30.3M (20.2% of sales) vs $27.3M (19.5%) in Q4-23; gross margin 37.5% vs 36.6%.
- Full year 2024 GAAP net earnings $41.0M vs $73.8M; non-GAAP net earnings $72.1M vs $89.6M.
- CEO Daniel Bernstein to transition President and CEO roles; CFO Farouq Tuweiq involved; Enercon deal closed Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729580/000143774925004235/0001437749-25-004235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729580/000143774925004235/belfb20241115_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-004235

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