Bel Fuse (BELFA) - 2023 Q4 - Annual Results

Bel Fuse Inc. 300 Executive Drive Suite 300 West Orange, NJ 07052 www.belfuse.com tel 201.432.0463 Fourth Quarter 2023 Highlights • Net sales of $140.0 million compared to$169.2 million in Q4-22. Non-GAAP adjusted net sales (which exclude expedite fee revenue) were $139.6 million in Q4-23 as compared to$158.7 million in Q4-22 • Gross profit margin of 36.6%, up from 31.0% in Q4-22 • Net earnings of $12.0 million versus$14.0 million in Q4-22 • Adjusted EBITDA of $24.0 million (17.1% of sales) as compared t ...