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BELFA — Bel Fuse News Story

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Bel Fuse prelim Q3 sales rise on Data Solutions strength, industrial end-market demand

Bel Fuse prelim Q3 sales rise on Data Solutions strength, industrial end-market demand


Overview

  • Electronic components maker's preliminary Q3 net sales rose 23% yr/yr

  • Non-GAAP net earnings and adjusted EBITDA increased, with gross margin improving to 40.9%

  • Company attributes growth to Data Solutions sector and Industrials end market momentum


Outlook

  • Bel Fuse guides Q4 net sales of $220 mln to $240 mln

  • Company expects Q4 gross margin of 40.0% to 42.0%


Result Drivers

  • DATA SOLUTIONS SECTOR - Co said Data Solutions sector led performance in Q3

  • INDUSTRIALS END MARKET - Co said momentum in Industrials end market contributed to Q3 growth

  • DISTRIBUTION PARTNERS - Co cited performance across distribution partners as a driver for Q3 results


Company press release: ID:nGNX4w1yhD


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$220.51 mln

$210 mln (2 Analysts)


Analyst Coverage

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 32 three months ago


Reuters Recommended Reads

  • Oct 28 - Amphenol Q3 sales beat estimates on IT datacom growth, acquisitions

  • Oct 28 - TE Connectivity Q4 sales beats on industrial, transportation segments growth

  • Oct 28 - Littelfuse Q3 sales rise 23% on electronics segment strength


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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