Bel Fuse Q2 net sales $168M (+26% YoY); GAAP EPS up; guides Q3 sales $165-180M

BEL FUSE INC /NJ

Net sales $168.3M, up 26.3% from $133.2M in Q2-24.
GAAP net earnings $26.9M vs $18.8M; adjusted EBITDA $35.2M (20.9% of sales).
Strength in defense/commercial aerospace; networking/distribution rebounding after destocking.
Q3 guidance: net sales $165-$180M, gross margins 37%-39%.
Tariffs minimal impact ($2.2M low-margin sales); sold Glen Rock building for $4.1M gain.

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