Bel Fuse Inc. announced preliminary financial results for the fourth quarter and full year 2024 on February 18, 2025. The company reported Q4 2024 net sales of $149.9 million, an increase of 7% year-over-year, and a GAAP loss of $1.8 million, or $0.14 per share.
Daniel Bernstein, President and CEO, highlighted that Bel's profitability remained strong throughout 2024 despite a challenging top-line environment, attributing this to operational efficiencies and financial discipline. The Enercon acquisition, which closed in Q4, adds scale, diversity, and a strong financial profile to Bel's business.
For the first quarter of 2025, Bel expects GAAP net sales in the range of $144 million to $154 million, with gross margin in the range of 36% to 38%. Management anticipates a slow and steady rebound in demand from networking and distribution partners throughout 2025.
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