NASDAQ$BELFB
Bel Fuse Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported record third quarter sales and adjusted EBITDA, driven by improvements in commercial air, strong e-Mobility sales, and proper pricing strategies.
Bel Fuse Inc. announced preliminary financial results for the third quarter of 2022, featuring net sales of $177.7 million, a 20.9% increase from Q3-21, and a gross profit margin of 29.0%, up from 24.5% in Q3-21.
- Net sales increased by 20.9% compared to Q3-21, reaching $177.7 million.
- Gross profit margin improved to 29.0% from 24.5% in Q3-21.
- Third quarter sales and adjusted EBITDA reached record levels in Bel’s 70-year history.
- Facility consolidation initiatives are underway to improve operational efficiencies, with expected annualized cost savings of approximately $5 million.
Headline financials
Revenue & EPS history
Bel Fuse · Revenue · Quarterly
$178M
Revenue by segment
Bel Fuse · $103M total across 2 segments · Q2 2023
- Power Solutions and Protection$87.1M—84.6%
- Connectivity Solutions$15.9M—15.4%
Forward guidance
Bel Fuse has launched a series of facility consolidation initiatives to better manage the business and strengthen operations. These initiatives began in Q3-22 and are expected to be largely complete by Q3-23.
Tailwinds
- Improve operational efficiencies
- Consolidation of nine of Magnetic manufacturing buildings in China into a new centralized single site in Southwestern China
- Consolidation among existing sites is taking place in both the U.S. and Europe
- Expected to reduce overall global occupancy by approximately 170,000 square feet by the end of 2023
- Annualized cost savings of approximately $5 million
Headwinds
- One-time costs, largely severance, of approximately $10 million
- Incremental capex spend of approximately $4 million
- The current movement in backlog is a function of our customers' order management practices and not an indication of reduced demand
- The effects of business and economic conditions
- The impact of public health crises (such as the governmental, social and economic effects of COVID-19)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.7%
Avg return
Earnings day
+3.7%
Avg return
5 days after
+6.3%
Avg return
30 days after
48%
31 / 65 earnings
Positive
+19.5%
Q4 2021
Best reaction
-29.0%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.0% | +15.1% | +6.2% | |
| Q4 2025 | -6.6% | -1.5% | -13.3% | |
| Q3 2025 | -1.3% | +1.2% | +1.0% | |
| Q2 2025 | +16.2% | +22.3% | +28.8% | |
| Q1 2025 | +0.3% | -6.3% | +3.3% | |
| Q4 2024 | -2.1% | +3.1% | -10.4% | |
| Q3 2024 | -0.3% | -5.2% | -2.2% | |
| Q2 2024 | +4.1% | +7.1% | -4.6% | |
| Q1 2024 | -2.9% | -3.3% | +13.2% | |
| Q4 2023 | -20.3% | -25.2% | -17.1% | |
| Q3 2023 | +18.8% | +32.9% | +38.3% | |
| Q2 2023 | -7.1% | -9.5% | -16.1% | |
| Q1 2023 | +12.7% | +35.9% | +57.7% | |
| Q4 2022 | -12.0% | -10.5% | -12.5% | |
| Q3 2022 | -3.8% | +5.9% | +23.4% | |
| Q2 2022 | +15.0% | +31.3% | +43.2% | |
| Q1 2022 | +5.2% | +6.7% | +4.4% | |
| Q4 2021 | +19.5% | +34.2% | +67.0% | |
| Q3 2021 | +14.7% | +23.0% | +4.4% | |
| Q2 2021 | +13.8% | +11.2% | +18.5% | |
| Q1 2021 | -7.7% | -12.4% | -24.3% | |
| Q4 2020 | -4.6% | +7.2% | +24.2% | |
| Q3 2020 | +16.5% | +18.9% | +45.5% | |
| Q2 2020 | +5.2% | +6.3% | -3.6% | |
| Q1 2020 | +9.0% | +14.6% | +25.6% | |
| Q4 2019 | -21.7% | -31.3% | -53.8% | |
| Q3 2019 | -4.0% | -0.4% | +10.5% | |
| Q2 2019 | -29.0% | -31.9% | -33.3% | |
| Q1 2019 | -3.6% | -5.8% | -26.6% | |
| Q4 2018 | +11.6% | -4.8% | +3.8% | |
| Q3 2018 | +12.5% | +14.1% | +2.3% | |
| Q2 2018 | +9.0% | +12.5% | +32.9% | |
| Q1 2018 | -2.6% | -3.9% | -5.1% | |
| Q4 2017 | -1.5% | -5.3% | +0.8% | |
| Q3 2017 | -14.5% | -18.9% | -12.3% | |
| Q2 2017 | +7.5% | +10.1% | +0.2% | |
| Q1 2017 | +0.0% | -0.4% | +9.2% | |
| Q4 2016 | +0.0% | -10.9% | -20.5% | |
| Q3 2016 | +4.6% | +14.3% | +21.8% | |
| Q2 2016 | +2.6% | +9.0% | +20.4% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | -3.7% | — | — | |
| Q3 2015 | -3.8% | — | — | |
| Q2 2015 | -1.1% | — | — | |
| Q1 2015 | +1.0% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | +0.3% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +2.3% | — | — | |
| Q4 2013 | -1.4% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | -5.5% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -1.7% | — | — | |
| Q1 2012 | -1.5% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | -0.6% | — | — | |
| Q2 2011 | -4.1% | — | — | |
| Q1 2011 | +2.3% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q3 2010 | +6.5% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q1 2010 | -2.4% | — | — |
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