Bel Fuse (US:BELFA) Globenewswire·2026-02-17 21:13Core Insights - Bel Fuse Inc. reported strong preliminary financial results for Q4 and full year 2025, driven by robust demand in commercial aerospace and defense sectors, alongside recovery in networking and distribution channels [3][9]. Financial Performance - Q4 2025 net sales reached $175.9 million, a 17.4% increase from $149.9 million in Q4 2024 [9]. - Full year 2025 net sales totaled $675.5 million, up 26.3% from $534.8 million in 2024 [9]. - Q4 2025 gross profit margin improved to 39.4%, compared to 37.5% in Q4 2024 [9]. - Full year 2025 gross profit margin was 39.1%, up from 37.8% in 2024 [9]. Earnings and Adjusted Metrics - GAAP net loss attributable to Bel shareholders for Q4 2025 was $5.4 million, compared to a loss of $1.8 million in Q4 2024, influenced by a $13.1 million non-cash impairment [9]. - Non-GAAP net earnings attributable to Bel shareholders for Q4 2025 were $24.9 million, up from $19.0 million in Q4 2024 [9]. - Adjusted EBITDA for Q4 2025 was $37.6 million, representing 21.4% of sales, compared to $30.3 million (20.2% of sales) in Q4 2024 [9]. Future Guidance - For Q1 2026, the company anticipates net sales between $165 million and $180 million, with gross margin expected to remain healthy in the range of 37% to 39% [5][3]. Leadership Changes - Tom Smelker has joined the leadership team, bringing extensive experience in aerospace and defense, which aligns with the company's growth strategy [4].