BEL FUSE Reports Total Revenue of USD 168.8 Million in Q2 of Fiscal Year 2023, Down 1.0% YoY
August 15, 2023
🌥️Earnings Overview
For the second quarter of its fiscal 2023, BEL FUSE ($NASDAQ:BELFA) reported total revenue of USD 168.8 million, a decrease of 1.0% from the same period of the prior year. However, its net income for the quarter ending June 30 2023 was USD 27.8 million, representing an increase of 63.0% over the same quarter of the previous year. These results were announced on July 26 2023.
Analysis
GoodWhale has conducted an analysis of BEL FUSE‘s wellbeing and concluded that the company is in a strong position. According to their Star Chart, it has a high health score of 8/10 with regards to its cashflows and debt, making it capable of safely riding out any crisis without the risk of bankruptcy. Furthermore, BEL FUSE is strong in asset, dividend, and growth, and is medium in profitability. This has classified it as a ‘gorilla’, a type of company that is characterized by its strong competitive advantage and the ability to achieve stable and high revenue or earning growth. For investors, BEL FUSE is an attractive option. Its strong financial standing and competitive advantage make it a compelling choice for those looking for a reliable investment. It could be a particularly good option for income investors, since it provides strong dividends and growth. Those who are looking for long-term growth may also find BEL FUSE to be a suitable option, since its competitive advantage should ensure consistent performance in the foreseeable future. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bel Fuse. More…
| Total Revenues | Net Income | Net Margin |
| 688.06 | 72.93 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bel Fuse. More…
| Operations | Investing | Financing |
| 69.77 | -10.16 | -55.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bel Fuse. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 552.42 | 247.93 | 21.77 |
Key Ratios Snapshot
Some of the financial key ratios for Bel Fuse are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | 134.1% | 12.8% |
| FCF Margin | ROE | ROA |
| 8.3% | 19.8% | 10.0% |
Summary
Investors in BEL FUSE should take note that the company reported total revenue of USD 168.8 million for its second quarter of fiscal year 2023, a decrease of 1.0% compared to the same period a year prior.
However, the company saw an increase in net income of 63.0%, to USD 27.8 million, from the same quarter one year prior. On the day these results were reported, stock prices moved down. This could present a buying opportunity for investors who are looking for discounted entry points into BEL FUSE. Ultimately, investors should monitor the company’s performance and consider all available factors before making an investment decision.
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