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Bel Fuse (BELFA)
NASDAQ:BELFA
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.8Last Year’s EPS
$1.37Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -14.57%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance for Bel Fuse in Q3 2024. While there were positive developments such as the improvement in gross margins, strong performance in the Connectivity segment, and the strategic acquisition of Enercon Technologies, the company faced significant challenges. These included a notable decline in overall sales, particularly in the Power and Magnetics segments, and external factors like the Boeing strike impacting performance. The outlook for 2025 appears positive with growth expected across all segments.Company Guidance
During the BELFA Q3 2024 earnings call, the company provided guidance indicating a cautious yet optimistic outlook for the future. The third quarter saw sales of $123.6 million, a decline of 22.1% from Q3 2023, but gross margins increased to 36.1% from 35% the previous year. The Connectivity segment achieved a 7.6% sales increase to $55.7 million, driven by robust performance in commercial air and military applications, despite challenges such as a strike at Boeing. The Power segment experienced a 35% decline in sales, primarily due to lower sales in networking and consumer applications, while the Magnetics segment also faced a 40% sales drop. Despite these challenges, the company noted a significant improvement in bookings, particularly in the Power segment, which saw a doubling compared to Q2 2024, suggesting potential recovery. The guidance for Q4 2024 projects sales between $117 million and $125 million, anticipating a slight recovery in networking and distribution, offset by typical seasonal slowdowns. Furthermore, the company expressed a positive outlook for 2025, expecting year-over-year growth across all segments, driven by demand in networking, e-mobility, AI applications, and defense.Strong Connectivity Segment Performance
Sales for Q3 '24 in the Connectivity segment were $55.7 million, up 7.6% from Q3 '23, driven by increased sales in commercial air applications, military, and distribution channels.
Gross Margin Improvement
Overall gross margin increased to 36.1% in Q3 '24 from 35% in Q3 '23, with improvements driven by the Magnetics and Connectivity segments.
Successful Cost Reduction Initiatives
Operational efficiencies from facility consolidations and other initiatives contributed to margin improvements and cost savings.
Positive Outlook for 2025
The company expects year-over-year growth across all three segments in 2025, driven by networking, e-mobility, and AI applications.
Enercon Technologies Acquisition
The acquisition of Enercon Technologies, expected to close in Q4 2024, will expand Bel Fuse's presence in Aerospace and Defense markets.
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BELFA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BELFA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $101.96 | $103.19 | +1.21% |
| Jul 24, 2024 | $81.90 | $89.39 | +9.15% |
| Apr 25, 2024 | $71.36 | $68.90 | -3.45% |
| Feb 21, 2024 | $74.70 | $58.87 | -21.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bel Fuse (BELFA) report earnings?
Bel Fuse (BELFA) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Bel Fuse (BELFA) earnings time?
Bel Fuse (BELFA) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BELFA EPS forecast?
BELFA EPS forecast for the fiscal quarter 2024 (Q4) is $0.8.
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