Note 16 - Segments (Tables)

9 Months Ended

Sep. 30, 2025

	Three Months Ended September 30, 2025
	Power Solutions			Connectivity			Magnetic
	and Protection			Solutions			Solutions			Corporate/Other			Total
Net sales	$	94,406		$	61,870		$	22,704		$	-		$	178,980
Cost of sales		54,907			36,935			16,109			(111	)		107,840
Gross profit		39,499			24,935			6,595			111			71,140
Gross profit %	41.8		%	40.3		%	29.0		%		nm		39.7		%
Research and development costs														7,549
Selling, general and administrative expenses														32,804
Restructuring charges														219
Gain on sale of property														(1,626	)
Earnout liability adjustment														1,857
Interest expense														3,630
Interest income														(238	)
Other income/expense, net														(1,058	)
Earnings before provision for income taxes													$	28,003

Other Segment Disclosures:
Total Assets	$	654,182		$	184,840		$	53,736		$	60,046		$	952,804
Capital Expenditures		487			1,279			48			46			1,860
Depreciation and Amortization Expense		4,510			1,760			238			144			6,652
Interest Expense		46			-			(7	)		3,591			3,630

	Three Months Ended September 30, 2024
	Power Solutions			Connectivity			Magnetic
	and Protection			Solutions			Solutions			Corporate/Other			Total
Net sales	$	48,680		$	55,715		$	19,243		$	-		$	123,638
Cost of sales		29,513			35,310			13,998			140			78,961
Gross profit		19,167			20,405			5,245			(140	)		44,677
Gross profit %		39.4	%		36.6	%		27.3	%		nm			36.1	%
Research and development costs														5,443
Selling, general and administrative expenses														26,700
Restructuring charges														1,087
Interest expense														414
Interest income														(1,480	)
Other income/expense, net														1,325
Earnings before provision for income taxes													$	11,188

Other Segment Disclosures:
Total Assets	$	189,091		$	232,572		$	57,832		$	104,922		$	584,417
Capital Expenditures		1,082			2,073			182			291			3,628
Depreciation and Amortization Expense		1,583			1,735			190			128			3,636
Interest Expense		127			6			-			281			414

	Nine Months Ended September 30, 2025
	Power Solutions			Connectivity			Magnetic
	and Protection			Solutions			Solutions			Corporate/Other			Total
Net sales	$	264,259		$	171,802		$	63,456		$	-		$	499,517
Cost of sales		153,029			104,463			45,902			1,081			304,475
Gross profit		111,230			67,339			17,554			(1,081	)		195,042
Gross profit %	42.1		%	39.2		%	27.7		%		nm		39.0		%
Research and development costs														22,875
Selling, general and administrative expenses														93,225
Restructuring credits														(2,434	)
Gain on sale of property														(5,701	)
Earnout liability adjustment														1,857
Interest expense														11,775
Interest income														(777	)
Other income/expense, net														(11,265	)
Earnings before provision for income taxes													$	85,487

Other Segment Disclosures:
Total Assets	$	654,182		$	184,840		$	53,736		$	60,046		$	952,804
Capital Expenditures		4,258			4,043			222			55			8,578
Depreciation and Amortization Expense		13,503			5,279			729			425			19,936
Interest Expense		246			3			(7	)		11,533			11,775

	Nine Months Ended September 30, 2024
	Power Solutions			Connectivity			Magnetic
	and Protection			Solutions			Solutions			Corporate/Other			Total
Net sales	$	167,478		$	167,822		$	49,633		$	-		$	384,933
Cost of sales		95,059			105,287			37,772			664			238,782
Gross profit		72,419			62,535			11,861			(664	)		146,151
Gross profit %		43.2	%		37.3	%		23.9	%		nm			38.0	%
Research and development costs														16,652
Selling, general and administrative expenses														75,785
Restructuring charges														1,790
Interest expense														1,263
Interest income														(3,741	)
Other income/expense, net														(21	)
Earnings before provision for income taxes													$	54,423

Other Segment Disclosures:
Total Assets	$	189,091		$	232,572		$	57,832		$	104,922		$	584,417
Capital Expenditures		2,363			4,723			375			445			7,906
Depreciation and Amortization Expense		4,686			5,112			598			363			10,759
Interest Expense		410			64			-			789			1,263

BEL FUSE INC /NJ 10-Q