Bel Fuse Third Quarter 2024 Earnings: EPS: US$0.64 (vs US$1.52 in 3Q 2023)

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

Key Financial Results

• Revenue: US$123.6m (down 22% from 3Q 2023).
• Net income: US$8.08m (down 59% from 3Q 2023).
• Profit margin: 6.5% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.64 (down from US$1.52 in 3Q 2023).

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

Bel Fuse Earnings Insights

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 1.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Bel Fuse's balance sheet.

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