Bel Fuse Inc. Reports Strong Revenue Growth in Q1 2025

Published 5 hours agoBELFB

Bel Fuse Inc. Reports Strong Revenue Growth in Q1 2025

Bel Fuse Inc. has reported significant revenue growth for the first quarter of 2025. The company achieved revenues of $152.24 million, marking an 18.9% increase compared to the previous year and exceeding consensus estimates of $148 million by $4.27 million. The company also exceeded earnings expectations with a Non-GAAP EPS of $1.35, surpassing analyst estimates by $0.24.

According to Insider Monkey, the growth was impacted by Bel Fuse's acquisition of Enercon, which contributed to the increase in total sales. However, organic sales saw a 6.4% decline, attributed to challenges in certain industries and ongoing tariff issues. Despite these challenges, the gross profit margin improved to 38.6% from 37.5% a year earlier, demonstrating efficient cost management.

In a strategic move, Bel Fuse announced the leadership appointment of Farouq Tuweiq as the new President and CEO, effective following the upcoming Annual Meeting of Shareholders. The company notes ongoing strength in the defense and AI markets but remains cautious about challenges in other sectors, particularly concerning tariff uncertainties for products manufactured in China.

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