Quarterly ResultMay 5, 2026, 04:40 PM
Bel Fuse Q1 Net Sales $178.5M, Net Earnings $11.4M; Acquires dataMate
AI Summary
Bel Fuse Inc. reported mixed first-quarter 2026 results, with net sales increasing by 17.3% to $178.5 million, but net earnings attributable to shareholders declining to $11.4 million. The company completed the acquisition of dataMate for approximately $16.0 million, expanding its connectivity solutions portfolio. Additionally, Bel Fuse paid a $5.0 million earnout for the 2025 achievement related to its Enercon acquisition, while operating cash flow saw a significant improvement.
Key Highlights
- Net sales increased to $178.5 million in Q1 2026 from $152.2 million in Q1 2025, a 17.3% rise.
- Net earnings attributable to Bel Fuse shareholders decreased to $11.4 million in Q1 2026 from $17.9 million in Q1 2025.
- Class A common share EPS was $0.86 in Q1 2026, down from $1.36 in Q1 2025.
- Acquired dataMate, a provider of Ethernet and broadband connectivity solutions, for approximately $16.0 million.
- Paid $5.0 million for the 2025 earnout achievement related to the Enercon acquisition.
- Net cash provided by operating activities rose to $13.8 million in Q1 2026 from $8.1 million in Q1 2025.
- Aerospace, Defense & Rugged Solutions revenue was $99.8 million in Q1 2026, up from $83.1 million.
- Industrial Technology & Data Solutions revenue was $78.7 million in Q1 2026, up from $69.1 million.
Price Impact
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