Business Summary: Bel Fuse Inc. designs, manufactures and markets a range of products that power, protect and connect electronic circuits. Its segments include Power Solutions and Protection, Connectivity Solutions and Magnetic Solutions. Power Solutions and Protection Segment includes internal and external AC/DC power supplies, DC/DC converters and DC/AC inverters utilized in defense, commercial aerospace, industrial, networking and consumer applications. Connectivity Solutions Segment includes high speed and harsh environment copper and optical fiber connectors and integrated assemblies, providing connectivity solutions within the commercial aerospace, military communications, defense, network infrastructure, structured building cabling and several industrial applications. Its magnetics solutions product line includes integrated connector modules (ICMs), power transformers, surface mount device (SMD) power inductors and switch mode power supply (SMPS) transformers, and discrete components-ethernet.
Financial Summary: BRIEF: For the three months ended 31 March 2025, Bel Fuse Inc revenues increased 19% to $152.2M. Net income increased 13% to $17.9M. Revenues reflect Magnetic Solutions segment increase of 36% to $18.5M, Asia segment increase from $11.5M to $29.6M, North America segment increase of 7% to $96.3M. Net income was partially offset by Selling, general and administrative expe increase of 18% to $29.5M (expense).