v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales $ 168,299 $ 133,205 $ 320,537 $ 261,295
Cost of sales 103,216 79,809 196,635 159,821
Gross profit 65,083 53,396 123,902 101,474
Research and development costs 8,104 5,994 15,326 11,209
Selling, general and administrative expenses 30,914 24,141 60,421 49,085
Restructuring charges 280 638 (2,653) 703
Gain on sale of property (4,075) 0 (4,075) 0
Income from operations 29,860 22,623 54,883 40,477
Interest expense (3,993) (415) (8,145) (849)
Interest income 264 1,146 539 2,261
Other income (expense), net 7,568 (471) 10,207 1,346
Earnings before provision for income taxes 33,699 22,883 57,484 43,235
Provision for income taxes 6,906 4,077 12,369 8,555
Net earnings available to common shareholders 26,793 18,806 45,115 34,680
Less: Net earnings attributable to noncontrolling interest 822 0 1,660 0
Redemption value adjustment attributable to noncontrolling interest (890) 0 (1,280) 0
Net earnings attributable to Bel Fuse shareholders 26,861 18,806 44,735 34,680
Common Class A [Member]        
Net earnings attributable to Bel Fuse shareholders $ 4,299 $ 3,028 $ 7,174 $ 5,573
Net earnings per common share:        
Net earnings per common share - basic and diluted (in dollars per share) $ 2.03 $ 1.43 $ 3.39 $ 2.61
Weighted-average number of shares outstanding:        
Weighted-average number of shares outstanding - basic and diluted (in shares) 2,115 2,124 2,115 2,131
Common Class B [Member]        
Net earnings attributable to Bel Fuse shareholders $ 22,562 $ 15,778 $ 37,561 $ 29,107
Net earnings per common share:        
Net earnings per common share - basic and diluted (in dollars per share) $ 2.14 $ 1.5 $ 3.58 $ 2.76
Weighted-average number of shares outstanding:        
Weighted-average number of shares outstanding - basic and diluted (in shares) 10,551 10,492 10,504 10,551