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Bel Reports Second Quarter 2024 Results
BELFABel Fuse (BELFA) GlobeNewswire News Room·2024-07-24 20:15

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 $133.2 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 $18.8 million versus $27.8 million in Q2-23 Adjusted EBITDA of $27.4 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 ...