Bel Fuse: Fourth Quarter Earnings Overview

Bel Fuse Inc. Reports Fourth Quarter Financial Results

Bel Fuse Inc., headquartered in West Orange, New Jersey, announced a net loss of $5.4 million for the fourth quarter.

The company reported a quarterly loss of 43 cents per share. However, after adjusting for one-time expenses and stock-based compensation, adjusted earnings stood at $1.98 per share.

During the quarter, the electronics manufacturer generated $175.9 million in revenue, surpassing analyst expectations. According to a survey by Zacks, analysts had anticipated revenue of $171.7 million.

For the full year, Bel Fuse recorded a profit of $61.5 million, or $4.91 per share, with total revenue reaching $675.5 million.

Since the start of the year, Bel Fuse’s stock price has climbed 39%. By the close of trading on Tuesday, shares reached $235.30, marking a nearly threefold increase over the past year.