Earnings Call Summary | Bel Fuse-B(BELFB.US) Q1 2024 Earnings Conference
Earnings Call Summary | Bel Fuse-B(BELFB.US) Q1 2024 Earnings Conference
The following is a summary of the Bel Fuse Inc. (BELFB) Q1 2024 Earnings Call Transcript:
以下是Bel Fuse Inc.(BELFB)2024年第一季度财报电话会议记录的摘要:
Financial Performance:
财务业绩:
Bel Fuse reported Q1 2024 sales of $128 million, a decrease of 25.7% from the first quarter of the previous year.
Gross margin increased to 37.5% in Q1 2024 from 31.1% in Q1 2023 due to improvements in the Power and Connectivity segment, where Power Solutions and Protection sales saw a decrease, but the Connectivity Solutions Group sales slightly increased.
Q1 2024 saw the continuation of the share repurchase program with a purchase of 189,000 shares for $11.1 million.
Bel Fuse报告称,2024年第一季度销售额为1.28亿美元,比去年第一季度下降25.7%。
毛利率从2023年第一季度的31.1%增至2024年第一季度的37.5%,这要归因于电力和连接领域的改善,该领域的电源解决方案和保护销售有所下降,但连接解决方案集团的销售额略有增加。
2024年第一季度,股票回购计划得以延续,以1,110万美元的价格购买了18.9万股股票。
Business Progress:
业务进展:
Despite soft Magnetic sales, sales in Power and Connectivity remained strong. The company has growth plans in space and AI technology, with sales for products targeted at space applications expected to increase significantly in 2024.
The company is actively reviewing potential M&A targets to further bolster performance across sectors.
Great emphasis is also placed on completing their buyback program by 2024 and growth in partnerships with significant sector players like Amazon and SpaceX.
The European and US markets are viewed as areas of opportunity, with Europe showing particularly promising performance in Q1.
尽管销售软磁产品,但电源和连接领域的销售仍然强劲。该公司在太空和人工智能技术方面制定了增长计划,预计2024年针对太空应用的产品的销售将大幅增长。
该公司正在积极审查潜在的并购目标,以进一步提高各行各业的业绩。
还非常重视在2024年之前完成回购计划,并发展与亚马逊和SpaceX等重要行业参与者的合作伙伴关系。
欧洲和美国市场被视为机遇领域,欧洲在第一季度的表现尤其令人鼓舞。
More details: Bel Fuse-B IR
更多详情: Bel Fuse-B 红外线
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情,请访问投资者关系网站。本文仅供投资者参考,不构成任何投资建议。