Bel Fuse Second Quarter 2024 Earnings: Beats Expectations

Bel Fuse (NASDAQ:BELF.A) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$133.2m (down 21% from 2Q 2023).
• Net income: US$18.8m (down 32% from 2Q 2023).
• Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.48 (down from US$2.17 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bel Fuse Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 9.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Bel Fuse's balance sheet health.

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