Bel Fuse (BELFA) Reports Q4 EPS of $0.31

Bel Fuse (NASDAQ: BELFA) reported Q4 EPS of $0.31, versus $0.33 reported last year. Revenue for the quarter came in at $118.5 million, versus $135.2 million reported last year.

Fourth Quarter 2016 Highlights

• Net sales were $118.5 million for the fourth quarter of 2016, representing a 12.4% decline from $135.2 million in the fourth quarter of 2015.
• Gross profit margin improved to 20.7% in the fourth quarter of 2016, up from 19.3% in the fourth quarter of 2015.
• Net earnings increased to $3.4 million in the fourth quarter of 2016 compared to $2.9 million in the same period of 2015.
• The fourth quarter 2016 results were favorably impacted by foreign currency gains of $2.7 million (compared to foreign currency losses of $0.5 million in the fourth quarter of 2015) and a $1.0 million gain on sale of our San Diego property. These factors were offset by $1.5 million in restructuring charges (compared to $0.8 million in the same period of 2015) and an increase in our effective tax rate during the quarter to 46.9% (compared to 9.4% during the fourth quarter of 2015).
• Class A EPS was $0.27 on a GAAP basis (compared to $0.23 in the fourth quarter of 2015) and $0.31 on a Non-GAAP basis (compared to $0.33 in the fourth quarter of 2015).
• Class B EPS was $0.29 on a GAAP basis (compared to $0.25 in the fourth quarter of 2015) and $0.33 on a Non-GAAP basis (compared to $0.35 in the fourth quarter of 2015).

For earnings history and earnings-related data on Bel Fuse (BELFA) click here.

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