Bel Fuse Reports Q2 GAAP EPS Miss, Revenue Beat
Bel Fuse (BELFB) reported second-quarter results with a GAAP earnings per share of $1.79, which fell short of the expected $2.16 by $0.37. However, revenue came in at $210.7 million, exceeding estimates by $4.27 million and rising 25.2% year-over-year. The company also reported adjusted EBITDA of $48.9 million (23.2% of sales), up from $35.2 million or 20.9% in the same period last year. The mixed results reflect strong revenue growth but a disappointing earnings miss, which could impact investor sentiment and stock performance. The company is also raising capital through a Class B share offering to fund acquisitions and pay down debt.
Tickers: $BELFB
Topics: Earnings GAAP EPS Miss Revenue Beat