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Bel Reports First Quarter 2018 Results

May 03, 2018 - GlobeNewswire

JERSEY CITY, N.J., May 03, 2018 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (NASDAQ:BELFA) and (NASDAQ:BELFB) today announced preliminary financial results for the first quarter of 2018.

First Quarter 2018 Highlights

Net sales of $118.3 million, representing year-over-year growth of 4.0%$178.3 million in backlog represents gain of $31.8 million, or 22%, from December 31, 2017GAAP net loss of $1.3 million compared to net earnings of $0.7 million in first quarter 2017Adjusted EBITDA of $5.3 m...