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Bel Fuse (BELFA)
NASDAQ:BELFA
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.06Last Year’s EPS
1.26Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 0.89%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant achievements in gross margin improvement, successful facility consolidations, and strategic acquisitions contributing to growth. However, these were balanced by challenges such as sales decline, ongoing consumer market difficulties, and tariff impacts. The company's strategic focus and optimism for 2025 indicate potential for recovery and growth.Company Guidance
During the call, Bel Fuse Inc. provided guidance for 2025, indicating a positive outlook despite challenges. The company reported a 410 basis point improvement in gross margin for 2024 compared to 2023, and anticipated further cost savings of $1.5 million in 2025 due to facility consolidations. The acquisition of Enercon, which contributed $20.8 million in sales during the last two months of 2024, is expected to significantly enhance revenue. For 2025, Bel Fuse projected growth in AI, defense, and space markets, with Enercon likely being the second-largest growth contributor. They also anticipated recovery in distribution, networking, and industrial markets, which faced inventory destocking challenges. Tariff impacts were addressed, noting an additional 10% tariff on Chinese imports, affecting 12-13% of 2024 revenue, with plans to pass costs to customers. The company expected overall growth with magnetics leading in percentage terms, while power was projected to remain flat to slightly up, excluding Enercon.Gross Margin Improvement
Achieved a 410 basis points improvement in gross margin for the full year 2024 compared to 2023.
Successful Facility Consolidations
Completed two facility consolidations, resulting in $1.5 million in cost savings for 2024, with a total of $11.48 million in annual cost savings across six global projects.
Enercon Acquisition
Acquired Enercon, contributing $20.8 million in sales in two months of 2024, enhancing Bel's position in mission-critical components for harsh environments.
Connectivity Segment Growth
Connectivity sales increased by almost 5% in 2024 compared to 2023, driven by growth in defense and aerospace industries.
Magnetics Segment Margin Improvement
Magnetics gross margin increased by 1200 basis points from Q4 2023 to Q4 2024.
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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 |
|---|---|---|---|
| Feb 18, 2025 | $83.89 | $82.14 | -2.09% |
| Oct 23, 2024 | $101.89 | $103.12 | +1.21% |
| Jul 24, 2024 | $81.84 | $89.33 | +9.15% |
| Apr 25, 2024 | $71.31 | $68.85 | -3.45% |
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 Apr 23, 2025, TBA Not Confirmed.
What is Bel Fuse (BELFA) earnings time?
Bel Fuse (BELFA) earnings time is at Apr 23, 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 2025 (Q1) is 1.06.
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