Bel Fuse Q3 sales up 44.8% YoY to $179M; guides Q4 sales $165-180M

BEL FUSE INC /NJ

GAAP net earnings $22.3M vs $8.1M in Q3-24; adjusted EBITDA $39.2M (21.9% of sales).
Gross margin 39.7%, up from 36.1% YoY; driven by commercial aerospace, defense, and networking rebound.
Q4-25 guidance: net sales $165-180M, gross margin 37-39%, citing normal holiday seasonality.
Recorded $1.6M gain on sale of Zhongshan, PRC building during the quarter.

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