Bel Fuse Q3 Sales Jump 23% to $220.5M, Guides Strong Q4
BELFA sits 63% above its 52-week low of $114.02.
Summary
Bel Fuse posted Q3-26 net sales of $220.5M, up 23.2% from $179.0M a year ago, with gross margin expanding to 40.9% from 39.7%. Non-GAAP net earnings attributable to shareholders more than doubled to $44.0M from $26.3M, and adjusted EBITDA rose to $52.5M (23.8% of sales) from $39.2M. Q3 EPS came in at $1.74. Growth was led by the Industrial Technology & Data Solutions segment, where sales rose 37.8% and gross margin gained 470 basis points to 42.7%. Management guided Q4-26 net sales of $220M-$240M and gross margin of 40.0%-42.0%, implying continued momentum at or above the just-reported level. This follows the Q2 10-Q filed August 4, which showed 25% revenue growth to $210.7M and a debt-free balance sheet with $306M in cash; the Q3 balance sheet now shows $333.1M of cash and no long-term debt. The earnings call is scheduled for 8:30 a.m. ET on Thursday, October 29.
At the time of this announcement, BELFA was trading at $186.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $114.02 to $293.51. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.