Bel Fuse prelim Q3 sales rise on Data Solutions strength, industrial end-market demand
Bel Fuse’s preliminary third-quarter net sales rose 23% year over year to $220.51 million, with gross margin improving to 40.9%. The company expects fourth-quarter sales of $220 million to $240 million and gross margin of 40.0% to 42.0%.
1. Preliminary third-quarter results
Bel Fuse said preliminary third-quarter net sales rose 23% year over year to $220.51 million, above the $210 million consensus estimate. Non-GAAP net earnings and adjusted EBITDA increased, while gross margin improved to 40.9%.
2. Growth drivers and outlook
The company said its Data Solutions sector led performance, and momentum in the Industrials end market and across distribution partners contributed to growth. Bel Fuse expects fourth-quarter net sales of $220 million to $240 million and gross margin of 40.0% to 42.0%.
