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Bel Reports Second Quarter 2024 Results
BELFABel Fuse (BELFA) GlobeNewswire News Room·2024-07-25 04:15

WEST ORANGE, N.J., July 24, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the second quarter of 2024. Net sales of 133.2millioncomparedto133.2 million compared to 168.8 million in Q2-23 Gross profit margin of 40.1%, up from 32.9% in Q2-23 Net earnings of 18.8millionversus18.8 million versus 27.8 million in Q2-23 Adjusted EBITDA of 27.4million(20.627.4 million (20.6% of sales) as compared to 28.6 million (17.0% of sales) in Q2-23 Repurchased 126,552 shares of Bel stock at an aggregate cos ...