Littelfuse (LFUS) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Speaker0 Good day, and welcome, everyone, to the First Quarter twenty twenty five Littelfuse Earnings Call. Please note this call is being recorded. And it is now my pleasure to turn it over to the Head of Investor Relations, David Kelley. You may begin. Speaker1 Good morning, and welcome to the Littelfuse first quarter twenty twenty five earnings conference call. With me today are Greg Henderson, President and CEO and Meenal Sethna, Executi ...

Q1 2025 Earnings Release APRIL 29, 2025 DISCLAIMERS 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 prov ...

For the quarter ended March 2025, Littelfuse (LFUS) reported revenue of $554.31 million, up 3.5% over the same period last year. EPS came in at $2.19, compared to $1.76 in the year-ago quarter.The reported revenue represents a surprise of +2.71% over the Zacks Consensus Estimate of $539.67 million. With the consensus EPS estimate being $1.82, the EPS surprise was +20.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Littelfuse (LFUS) came out with quarterly earnings of $2.19 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.33%. A quarter ago, it was expected that this circuit protection manufacturer would post earnings of $2.04 per share when it actually produced earnings of $2.04, delivering no surprise.Over the last four quarters, th ...

(Year-over-year comparisons unless otherwise noted) CHICAGO, April 29, 2025 - Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the first quarter ended March 29, 2025: "In the first quarter, we delivered results that exceeded our expectations, driven by solid Electronics Segment demand recovery and robust growth in our Industrial Segment," said Greg Henderson, Littelfuse Presi ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of LFUS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or ...

Littelfuse (LFUS) shares ended the last trading session 4.9% higher at $160.04. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 30.6% loss over the past four weeks.Littelfuse is benefiting from strong design wins and growth in key sectors like data centers, industrial safety, and HVAC.This circuit protection manufacturer is expected to post quarterly earnings of $1.82 per share in its upcoming report, which represe ...

Financial Performance - The Company reported total net sales of $2,190.8 million for fiscal year 2024, a decrease of 7.3% from $2,362.7 million in 2023 and a decrease of 13.0% from $2,513.9 million in 2022[24]. - The Electronics segment generated net sales of $1,186.8 million in 2024, down from $1,350.4 million in 2023, reflecting a decline of 12.1%[24]. - The Transportation segment's net sales were $672.4 million in 2024, slightly down from $678.3 million in 2023, a decrease of 0.9%[24]. - The Industrial segment reported net sales of $331.6 million in 2024, a slight decrease from $334.0 million in 2023, down by 0.7%[24]. - The backlog of unfilled orders as of December 28, 2024, was approximately $664.9 million, down from $1,046.9 million at December 30, 2023, primarily due to a reduction in the semiconductor business[57]. - The Company recorded non-cash impairment charges of $36.1 million and $8.6 million for goodwill impairment in the Industrial controls and sensors and Automotive sensors reporting units, respectively[121]. - During Q4 2024, the Company recognized non-cash impairment charges of $47.8 million for intangible assets, primarily related to acquired customer relationships and developed technology[122]. - The Company’s stock price fluctuated between $222.9 and $275.6 from December 30, 2023, to December 28, 2024, indicating significant volatility[131]. Strategic Acquisitions - The Company completed the acquisition of Dortmund Fab for approximately €94 million (about $40.5 million down payment) to enhance power semiconductor capacity[21]. - The acquisition of Western Automation for approximately $162 million is expected to strengthen the Company's position in high-growth markets like electric vehicle charging infrastructure[21]. - The Company engages in strategic acquisitions to expand and diversify its operations, but may face challenges in realizing anticipated benefits and integrating these businesses[87]. International Sales and Market Presence - Approximately 63% of the Company's net sales in 2024 were to customers outside the U.S., with 23% specifically to China[26]. - Sales to customers outside the U.S. accounted for approximately 63%, 65%, and 64% of total net sales in fiscal years 2024, 2023, and 2022, respectively[53]. - The Company directly sells to over 4,000 customers and distributors worldwide, with sales to Arrow Electronics, Inc. representing 9.4%, 11.2%, and 11.5% of consolidated net sales in 2024, 2023, and 2022, respectively[52]. Research and Development - The Company invested $107.8 million, $102.4 million, and $95.6 million in R&D during fiscal years 2024, 2023, and 2022, respectively, indicating a continuous effort to enhance product development[41]. - The Company is focused on expanding its product portfolio through both organic and inorganic investments in high-growth, niche applications[32][39]. Workforce and Leadership Development - The Company employs approximately 16,000 full-time, part-time, and temporary employees, with 47% in the Americas, 40% in Asia-Pacific, and 13% in Europe[59]. - The Company’s leadership development programs include a mix of internal and external training to enhance leadership capabilities across all levels[67]. Sustainability and Compliance - The Company’s sustainability efforts are guided by a Chief Legal Officer and are reported annually, with the 2023 Sustainability Report prepared in alignment with GRI Standards and SASB[78]. - The Company believes it is currently in compliance with all material environmental laws and regulations[81]. - Compliance with environmental regulations has not significantly changed the Company's competitive position or earnings in the past and is not expected to do so in the foreseeable future[84]. - The Company may face increased costs and operational challenges due to climate change regulations and legislative developments[99]. Risks and Challenges - The Company is exposed to risks from operating a multinational business, including political and economic uncertainties in various countries[102]. - The Company may incur significant costs due to defects in its products, including warranty claims and product recalls, which could adversely affect financial results[97]. - Disruptions in the Company's manufacturing, supply, or distribution chain could adversely impact its ability to meet customer demand and result in lost sales[90]. - The Company may face significant liabilities related to environmental contamination and compliance with future environmental laws and regulations[106]. - The Company is exposed to significant fluctuations in foreign currency exchange rates, particularly with net long exposure to the euro and net short exposures to the Chinese renminbi, Mexican peso, and Philippine peso[117][118]. - The Company has experienced cyber-attacks and security breaches, which could disrupt operations and impact financial performance[133]. - The Company has identified material weaknesses in its internal control over financial reporting, which could impact the accuracy and timeliness of financial results[123]. - The Company incurred additional costs and risks due to identified material weaknesses in internal controls, which may impact the accuracy and timely reporting of financial results[127]. - The Company may face challenges in obtaining "conflict-free" metals due to limited suppliers, potentially leading to increased expenses[134]. Financial Position and Taxation - The Company is subject to a minimum tax of 15% on a country-by-country basis as part of OECD-led proposals, which could significantly affect its future effective tax rate and cash flows[111]. - The tax holiday for one subsidiary in China was extended for an additional three years, while another subsidiary's tax holiday will expire at the end of 2025[113]. - The Company's effective tax rate may be adversely affected by changes in the mix of its earnings by jurisdiction, particularly with varying tax rates across different regions[114]. - The Company’s ability to access capital markets is crucial for investments and refinancing, and any inability to do so could materially affect its financial position[129].

Q4 2024 EARNINGS RELEASE JANUARY 28, 2025 1 DISCLAIMERS 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 ...

For the quarter ended December 2024, Littelfuse (LFUS) reported revenue of $529.51 million, down 0.8% over the same period last year. EPS came in at $2.04, compared to $2.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $524.33 million, representing a surprise of +0.99%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.04.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...