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Financial Data and Key Metrics Changes - Revenue for the third quarter was $625 million, representing a 10% increase year-over-year and a 7% organic growth, with the Dortmund acquisition contributing 2% and foreign exchange providing a 1% tailwind [15][16] - Adjusted EBITDA margin was 21.5%, down 20 basis points, while adjusted diluted earnings increased by 9% to $2.95 [16] - Operating cash flow was $147 million, generating $131 million in free cash flow, with a year-to-date free cash flow of $246 million and a conversion rate of 145% [16] Business Line Data and Key Metrics Changes - **Electronics Segment**: Sales increased by 18% year-over-year and 12% organically, with passive products up 19% and semiconductor products up 5% [17] - **Transportation Segment**: Sales were flat year-over-year, with organic sales down 2%, but favorable FX contributed 2% to growth. Adjusted EBITDA margin decreased to 16.8%, down 220 basis points [18] - **Industrial Segment**: Sales grew 4% organically, driven by energy storage, renewables, and data center growth, but faced softer HVAC demand [19] Market Data and Key Metrics Changes - The company reported strong growth in the data center market, with design wins up more than 50% year-to-date, indicating significant traction in this area [10][31] - The transportation segment experienced softer end market demand, particularly in commercial vehicles, which decreased by 3% organically [18] Company Strategy and Development Direction - The acquisition of Basler Electric is a strategic priority aimed at enhancing capabilities in power generation and distribution markets, expected to be accretive to adjusted EPS in 2026 [14][15] - The company is focusing on operational excellence and enhancing its semiconductor business, with a new leader appointed to drive growth in this area [11][12] - A realignment of the sales structure has been implemented to better serve customers and leverage the full technology portfolio [9][52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for solid revenue and earnings growth in the first quarter of 2026, supported by a 20% increase in bookings compared to the third quarter of 2024 [5] - The company anticipates typical seasonality in the fourth quarter, with guidance for sales between $570 million and $590 million, reflecting a 5% organic growth at the midpoint [20][21] Other Important Information - The company ended the quarter with $815 million in cash and a net debt to EBITDA leverage of 0.9x, indicating a strong balance sheet [16] - The company returned $19 million to shareholders via cash dividends during the quarter [16] Q&A Session Summary Question: Update on Power Semiconductor Outlook - Management acknowledged sequential improvement in the power semiconductor business, despite year-over-year softness, and emphasized the strategic importance of this segment [24][26] Question: Impact of Stock Compensation - The $0.40 impact from stock compensation is primarily due to variable compensation resetting to target levels, with expectations for normalization in 2026 [27][29] Question: Data Center Opportunities - Management highlighted significant momentum in the data center market, with design wins doubling year-to-date and ongoing engagement with hyperscalers and cloud companies [30][32] Question: Industrial Segment Growth - The industrial segment has shown solid year-to-date growth of 12%, driven by strong demand in energy storage and renewables, despite softer HVAC and construction markets [42][44] Question: Transportation Segment Performance - The core passenger vehicle business performed reasonably well, while sensor products continue to face challenges, indicating a realignment strategy in progress [59]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $625 million, representing a 10% increase year-over-year and a 7% organic growth, with the Dortmund acquisition contributing 2% and FX providing a 1% tailwind [15][16] - Adjusted EBITDA margin was 21.5%, down 20 basis points, while adjusted diluted earnings increased by 9% to $2.95 [16] - Operating cash flow was $147 million, generating $131 million in free cash flow, with a year-to-date free cash flow of $246 million and a conversion rate of 145% [16] Business Line Data and Key Metrics Changes - **Electronics Segment**: Sales increased by 18% year-over-year and 12% organically, with passive products up 19% and semiconductor products up 5% [17] - **Transportation Segment**: Sales were flat year-over-year, with organic sales down 2%, but FX contributed 2% to growth. Adjusted EBITDA margin decreased to 16.8%, down 220 basis points [18] - **Industrial Segment**: Sales grew 4% organically, driven by energy storage, renewables, and data center growth, but faced softer HVAC demand [19] Market Data and Key Metrics Changes - The company reported strong growth in the data center market, with design wins up more than 50% year-to-date, indicating significant traction in this area [10][32] - The transportation segment experienced softer demand in commercial vehicles, with a 3% organic sales decrease [18] Company Strategy and Development Direction - The acquisition of Basler Electric for approximately $350 million is aimed at enhancing capabilities in power generation and distribution markets, aligning with the company's strategic priority of safe and efficient electrical energy transfer [4][13] - The company is focusing on operational excellence and enhancing its semiconductor business, with a new leader appointed to drive this initiative [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in solid revenue and earnings growth for Q1 2026, supported by a 20% increase in bookings compared to Q3 2024 [5] - The company anticipates typical seasonality in Q4, with guidance for sales between $570 million and $590 million, reflecting a 5% organic growth at the midpoint [20] Other Important Information - The company is realigning its sales structure to better serve customers and enhance engagement, transitioning from product-centric to customer-centric sales teams [9][48] - The company expects the Basler Electric acquisition to be accretive to adjusted EPS in 2026, targeting double-digit returns in year five post-close [14] Q&A Session Summary Question: Update on Power Semiconductor Outlook - Management acknowledged sequential growth in power semiconductors but noted year-over-year softness, emphasizing the strategic importance of this segment [23][24] Question: Impact of Stock Compensation - Management clarified that the $0.40 impact from stock compensation is primarily due to variable compensation resetting to target levels, which should normalize in 2026 [27][29] Question: Data Center Opportunities - Management highlighted significant momentum in the data center market, with design wins doubling year-over-year and ongoing engagement with hyperscalers and cloud companies [30][32] Question: Transportation Segment Performance - Management explained the flat performance in passenger vehicle fuses and the decline in sensors, indicating a realignment strategy for the sensor business [55] Question: Tariff Impact - Management discussed the timing of tariffs, indicating a neutral impact for Q4 and a stabilization in market dynamics [51][53]

Core Insights - Littelfuse reported quarterly earnings of $2.95 per share, exceeding the Zacks Consensus Estimate of $2.75 per share, and showing an increase from $2.71 per share a year ago, resulting in an earnings surprise of +7.27% [1] - The company achieved revenues of $624.64 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.59% and up from $567.39 million year-over-year [2] - Littelfuse has outperformed consensus EPS estimates three times in the last four quarters and has topped revenue estimates four times in the same period [2] Future Outlook - The sustainability of Littelfuse's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3] - The current consensus EPS estimate for the upcoming quarter is $2.51 on revenues of $594 million, while for the current fiscal year, the estimate is $10.30 on revenues of $2.38 billion [7] - The Zacks Rank for Littelfuse is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Electronics - Miscellaneous Components industry, to which Littelfuse belongs, is currently ranked in the top 13% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Important Information About Littelfuse, Inc. This presentation does not constitute or form part of, and should not be construed as, an offer or solicitation to purchase or sell securities of Littelfuse, Inc. and no investment decision should be made based upon the information provided herein. Littelfuse strongly urges you to review its filings with the Securities and Exchange Commission, which can be found at investor.littelfuse.com. This website also provides additional information about Littelfuse. Q3 202 ...

Financial Performance - Net sales for Q3 2025 were $625 million, representing a 10% increase year-over-year, with organic growth contributing 6.5%[4] - GAAP diluted earnings per share for Q3 2025 were $2.77, up 19%, while adjusted diluted earnings per share were $2.95, an increase of 9%[4] - Net sales for Q3 2025 reached $624.64 million, a 10.1% increase from $567.39 million in Q3 2024[29] - Gross profit for Q3 2025 was $240.99 million, compared to $215.89 million in Q3 2024, reflecting an increase of 11.6%[29] - Operating income for Q3 2025 increased by 10.9% to $97.42 million from $87.82 million in Q3 2024[29] - Net income for the nine months ended September 27, 2025, was $170.44 million, up from $151.98 million in the same period of 2024, representing a growth of 12.1%[27] - Year-to-date net income for 2025 was $170.4 million, up from $152.0 million in the same period of 2024[32] - The company reported a net income as a percentage of net sales of 11.1% for Q3-25, up from 10.2% in Q3-24[32] Segment Performance - The Electronics Segment saw a net sales increase of 18%, driven by a 12% organic sales growth from improved demand for passive products[9] - The Transportation Segment's net sales were flat, with a 2% organic sales decline attributed to lower commercial vehicle sales[9] - The Industrial Segment reported a 4% increase in net sales, driven by demand in energy storage and renewables, despite lower HVAC demand[15] - The Electronics segment saw a 17.5% increase in net sales for Q3 2025, totaling $357.46 million compared to $304.19 million in Q3 2024[29] - Transportation segment net sales declined by 2% in Q3-25, with organic net sales decline of 3%[35] Cash Flow and Expenses - The company reported year-to-date cash flow from operations of $295 million and free cash flow of $246 million, achieving a cash conversion rate of 145%[2] - Free cash flow for Q3 2025 was $131.2 million, up from $65.0 million in Q3 2024, and YTD free cash flow reached $246.4 million compared to $156.9 million in YTD 2024[36] - Total operating expenses for the nine months ended September 27, 2025, were $419.95 million, compared to $402.43 million in the same period of 2024, reflecting a 4.4% increase[27] Dividends and Shareholder Returns - The company declared a cash dividend of $0.75 per share, payable on December 4, 2025[11] Future Outlook - For Q4 2025, the company anticipates net sales in the range of $570 - $590 million, with adjusted diluted EPS expected between $2.40 and $2.60[6] Tax and Debt - Income taxes for Q3 2025 were $25.2 million, with an effective tax rate of 26.6%, compared to $19.7 million and 25.3% in Q3 2024[36] - Consolidated total debt as of September 27, 2025, was $805.8 million, with net debt at $463.2 million[36] Other Financial Metrics - The adjusted EBITDA margin for the Electronics Segment increased to 24.0%, while the Transportation Segment's margin decreased to 16.8% due to lower volume[9][15] - Adjusted EBITDA for Q3-25 was $134.3 million, up from $123.3 million in Q3-24, indicating an 8.1% increase[32] - The adjusted operating margin for Q3-25 was 16.1%, compared to 15.9% in Q3-24[32] - Consolidated EBITDA for the twelve months ended September 27, 2025, was $510.8 million, with a consolidated net leverage ratio of 0.9x[36] Acquisitions - The acquisition of Basler Electric is expected to enhance Littelfuse's high power technology capabilities and broaden its industrial customer exposure[3] - The company experienced a 4% impact from acquisitions on net sales growth, while foreign exchange (FX) impact was negligible[36] Impairments and Adjustments - The company recorded a non-cash impairment charge of $92.7 million during the twelve months ended September 27, 2025[36] - Non-GAAP adjustments to net income for Q3-25 totaled $4.5 million, compared to $9.8 million in Q3-24[32]

Core Insights - Littelfuse, Inc. will release its financial results for the third quarter of fiscal 2025 on October 29, 2025, before market open [1] - The press release and slide presentation will be accessible in the Investor Relations section of the company's website [1] - A conference call will be hosted by the company on the same day, October 29 [1]

Core Viewpoint - Littelfuse, Inc. is set to release its financial results for the third quarter of fiscal 2025 on October 29, 2025, before market opening [1] Financial Results Announcement - The financial results will be available in the Investor Relations section of Littelfuse's website [1] - A conference call will be hosted by the company on the same day, October 29, 2025 [1]

Company Overview - American Superconductor (AMSC) shares increased by 6.6% to close at $64.49, with notable trading volume compared to typical sessions, and a total gain of 25.7% over the past four weeks [1] - AMSC is expected to report quarterly earnings of $0.15 per share, reflecting a year-over-year decline of 44.4%, while revenues are projected to be $67.5 million, an increase of 23.9% from the previous year [2] Industry Context - The positive sentiment around AMSC is driven by several factors including increased demand for semiconductor-driven materials, growth in global data centers, expansion of renewable energy, stable traditional energy spending, rising defense budgets, and ongoing grid modernization initiatives [2] - AMSC operates within the Zacks Electronics - Miscellaneous Components industry, which includes other companies like Littelfuse (LFUS), whose shares rose by 2.3% to $266.49, with a 4.5% return over the past month [4] Earnings Estimates - The consensus EPS estimate for AMSC has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - Littelfuse's consensus EPS estimate for its upcoming report is $2.75, representing a year-over-year change of 1.5%, and it currently holds a Zacks Rank of 1 (Strong Buy) [5]