Overview
U.S. electronic components maker's preliminary Q1 sales rose 17.2%, beating analyst expectations
Preliminary non-GAAP net earnings attributable to shareholders increased year-over-year, while GAAP net earnings fell
Company completed dataMate acquisition and realigned business units to expand product offerings
Outlook
Bel Fuse sees Q2 sales of $195 mln to $215 mln
Company expects Q2 gross margin of 38%-40%
Company says robust bookings and higher demand from defense, air, space, and data solutions support Q2 outlook
Result Drivers
BROAD-BASED MOMENTUM - Co said Q1 sales growth was driven by broad-based momentum and favorable product mix
DATAMATE ACQUISITION - Co said March acquisition of dataMate added new customers, differentiated technology, and strong talent to expand data solutions capabilities
AI-RELATED DEMAND - Co said improving momentum in datacenter connectivity and high-performance compute tied to AI-driven investment supported opportunities in power conversion, protection, and high-speed interconnect
Company press release: ID:nGNX3PYKng
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$178.50 mln
$170.33 mln (3 Analysts)
Analyst Coverage
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 22 three months ago
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.)