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年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
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報告稱，2024年第一季度銷售額爲1.28億美元，比去年第一季度下降25.7％。
毛利率從2023年第一季度的31.1％增至2024年第一季度的37.5％，這要歸因於電力和連接領域的改善，該領域的電源解決方案和保護銷售有所下降，但連接解決方案集團的銷售額略有增加。
2024年第一季度，股票回購計劃得以延續，以1,110萬美元的價格購買了18.9萬股股票。
Business Progress:
業務進展：
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.
儘管銷售軟磁產品，但電源和連接領域的銷售仍然強勁。該公司在太空和人工智能技術方面制定了增長計劃，預計2024年針對太空應用的產品的銷售將大幅增長。
該公司正在積極審查潛在的併購目標，以進一步提高各行各業的業績。
還非常重視在2024年之前完成回購計劃，並發展與亞馬遜和SpaceX等重要行業參與者的合作伙伴關係。
歐洲和美國市場被視爲機遇領域，歐洲在第一季度的表現尤其令人鼓舞。
More details: Bel Fuse-B IR
更多詳情： Bel Fuse-B 紅外線
Tips: 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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。