Bel Reports Fourth Quarter and Full Year 2023 Results

WEST ORANGE, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (NASDAQ:BELFA) today announced preliminary financial results for the fourth quarter and full year of 2023. 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 Q ...