Bel Fuse Inc. (NASDAQ:BELFA) Surpasses Earnings Expectations in Q4 2024

• Earnings Per Share (EPS) of $1.53, exceeding the estimated $1.01.
• Q4 revenue reached approximately $149.9 million, surpassing estimates due to significant contributions from the Enercon acquisition.
• Despite a GAAP net loss, the company reported a strong adjusted EBITDA of $30.3 million, indicating robust financial health.

Bel Fuse Inc. (NASDAQ:BELFA) is a company that designs and manufactures electronic components, primarily serving the aerospace, defense, and telecommunications industries. The company has a strong presence in the market, with its products being integral to various high-tech applications. Competitors in the electronic components sector include companies like TE Connectivity and Amphenol Corporation.

On February 19, 2025, Bel Fuse reported impressive earnings per share (EPS) of $1.53, surpassing the estimated $1.01. This strong performance was highlighted during their Q4 2024 earnings conference call, attended by key company figures and analysts from firms such as Oppenheimer and Needham & Co. The call provided insights into the company's financial performance, emphasizing the significant EPS achievement.

Bel Fuse's revenue for the fourth quarter of 2024 reached approximately $149.9 million, exceeding the estimated $126.4 million. This increase in revenue was partly due to the $20.8 million contribution from the recent acquisition of Enercon. However, excluding this acquisition, organic sales were down by 7.8% compared to the previous year. Despite this, the gross profit margin improved to 37.5%, up from 36.6% in the prior year.

For the full year of 2024, Bel Fuse achieved net sales of $534.8 million, a decrease from $639.8 million in 2023. The acquisition of Enercon has positioned aerospace and defense as Bel's largest end market served. The company's financial metrics, such as a P/E ratio of 18.81 and a price-to-sales ratio of 1.93, reflect the market's valuation of its earnings and sales. With a debt-to-equity ratio of 0.23 and a current ratio of 4.00, Bel Fuse demonstrates strong liquidity and a relatively low level of debt.