Financial Performance - Total net sales for fiscal year 2025 reached $2,386.3 million, a 8.9% increase from $2,190.8 million in 2024[26] - The Electronics segment generated $1,345.5 million in sales for fiscal year 2025, compared to $1,186.8 million in 2024, reflecting a growth of 13.4%[26] - The Transportation segment reported sales of $676.4 million in 2025, slightly up from $672.4 million in 2024[26] - The Industrial segment's sales increased to $364.4 million in 2025 from $331.6 million in 2024, marking a growth of 9.8%[26] - The backlog of unfilled orders at December 27, 2025, was approximately $1,070.9 million, up from $664.9 million at December 28, 2024, indicating growth across all segments[59] - Sales to Arrow Electronics, Inc. accounted for 9.5%, 9.4%, and 11.2% of consolidated net sales in 2025, 2024, and 2023, respectively, with no other single customer exceeding 10% of net sales during the last three years[55] International Sales - Approximately 65% of the Company's net sales in fiscal year 2025 were to customers outside the U.S., with 24% specifically to China[27] - Approximately 65% of the Company's total net sales in fiscal years 2025 and 2023 came from customers outside the U.S., with 63% in 2024[55] Acquisitions and Investments - The acquisition of Basler Electric was completed for $350.3 million, adding approximately $130 million in annualized sales to the Industrial segment[23] - The Dortmund Fab acquisition cost approximately €94 million (around $98.8 million), enhancing the semiconductor supply chain for industrial markets[23] - The Company expanded its electrical shock protection devices portfolio through the 2023 acquisition of Western Automation, enhancing its presence in high-growth markets such as electric vehicle charging infrastructure and industrial safety[41] - The Company invested $106.9 million, $107.8 million, and $102.4 million in R&D during fiscal years 2025, 2024, and 2023, respectively, to improve existing products and develop new ones[43] Operational Strategy - The Company aims to enhance operational excellence through a Global Operations team focused on safety, quality, delivery, cost, and inventory[23] - The Company is transitioning to a collaborative, market-facing sales structure to provide more complete solutions for a broader set of customers[23] - The Company has established three market-facing sales organizations to enhance customer engagement and streamline access to its technology portfolio[50] Environmental and Safety Commitment - The Company aims to minimize its environmental footprint by localizing supply sources and diversifying its supplier base for critical materials[48] - The Company is committed to achieving a zero-injury workplace and continuously evaluates its environment, health, and safety programs[73] Financial Risks and Challenges - The Company recorded a non-cash charge of $301.2 million for goodwill impairment in the Semiconductor reporting unit within the Electronics segment for the 2025 annual goodwill impairment test[129] - In the fourth quarter of 2024, the Company recorded non-cash impairment charges of $47.8 million for intangible assets, primarily related to acquired customer relationships and developed technology[131] - The Company is exposed to significant fluctuations in foreign currency rates, with the most significant net long exposure to the euro and net short exposures to the Chinese renminbi, Mexican peso, and Philippine peso[126] - The Company anticipates that compliance with environmental regulations will not significantly change its competitive position, capital spending, or earnings in the foreseeable future[82] - The Company has experienced cyber-attacks and other security incidents, which could disrupt operations and compromise sensitive information, potentially impacting financial results and reputation[139] - The Company may face challenges in obtaining "conflict-free" minerals, which could lead to additional expenses and impact relationships with customers and suppliers[140] - The Company’s revenues may vary significantly due to factors such as changes in customer demand, product mix, and economic conditions[127] - The Company has a high level of fixed costs, which may adversely affect operating results if sales fall below expectations[136] Employee and Global Presence - The Company employs approximately 17,000 full-time, part-time, and temporary employees, with 45% in the Americas, 42% in Asia-Pacific, and 13% in Europe as of December 27, 2025[61] - The Company maintains a strong global presence with manufacturing facilities in multiple countries, including China, France, Germany, and the U.S.[47] Stock Performance - The Company’s stock price fluctuated between a low of $142.3 and a high of $275.0 from December 28, 2024, to December 27, 2025, indicating significant market volatility[137]

Company Overview - Littelfuse, Inc. is a global provider of circuit protection and power management solutions, serving various end markets including industrial, automotive, and electronics [6] - The company was founded in 1927 and leverages a diversified product portfolio and global distribution network to support OEMs and industrial clients [6] - As of February 13, 2026, Littelfuse shares were priced at $359.55, with a market capitalization of $8.95 billion [4] Financial Performance - Littelfuse reported a total revenue of $2.39 billion for the trailing twelve months (TTM) [4] - The company experienced a net income loss of $71.70 million for the TTM [4] - The stock price has increased by 47.0% over the past year, outperforming the S&P 500 by 35.2 percentage points [3] Recent Transactions - Segall Bryant & Hamill, LLC sold 20,392 shares of Littelfuse in the fourth quarter, with an estimated transaction value of approximately $5.19 million [2] - Following the sale, Segall Bryant & Hamill's quarter-end position in Littelfuse was valued at $70.81 million, a decrease of $6.99 million from the previous quarter [2][3] - Littelfuse now represents 0.96% of Segall Bryant & Hamill's 13F reportable assets under management as of December 31, 2025 [3]

Company Performance - The recent stock price of Littelfuse (LFUS) closed at $360.61, with an intraday high of $367.35, but has not yet surpassed the 60-day high of approximately $380 reached in December 2025 [1] - On February 12, the stock opened at $360.54 and recorded a daily increase of 0.76%, with a 5-day cumulative increase of 8.66% and a 20-day increase of 28.63%. Year-to-date, the stock has risen by 42.58%, outperforming the Dow Jones, which increased by 2.09% during the same period [2] - The third-quarter revenue for 2025 was $625 million, slightly above the market expectation of $624 million, with the electronic segment showing a year-over-year sales growth of 17.5% and the industrial segment growing by 4.4%. Forecasts for Q1 2026 predict a year-over-year revenue growth of 14.47% with adjusted earnings per share expected to be between $2.40 and $2.60 [3] Industry Outlook - The surface mount fuse market is projected to grow from approximately $499 million in 2025 to $764 million by 2032, reflecting a compound annual growth rate (CAGR) of 6.3%. Littelfuse, holding about 59% market share, is expected to benefit from the expanding demand in automotive electronics and the Internet of Things (IoT) sectors [4] Recent Events - Executive Stafford Ryan K sold 16,800 shares at an average price of $325.25 on February 2, totaling approximately $5.48 million, which may impact short-term liquidity [5] - The company is set to declare a dividend of $0.75 per share on February 19, which may attract income-focused investors [5] Institutional Sentiment - Among seven institutions, 43% have rated the stock as "buy" or "hold," with a target average price of $350, slightly below the current stock price [6] Financial Metrics - The price-to-earnings (P/E) ratio (TTM) stands at -124.78, indicating a net profit loss, which may limit short-term upside potential. The low turnover rate, recorded at only 0.34% on February 11, could exacerbate stock price volatility [7]

Shares of Littelfuse (LFUS) have been strong performers lately, with the stock up 19.2% over the past month. The stock hit a new 52-week high of $336.13 in the previous session. Littelfuse has gained 31.2% since the start of the year compared to the 0.3% move for the Zacks Computer and Technology sector and the 8.8% return for the Zacks Electronics - Miscellaneous Components industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, having beaten the Zacks Conse ...

Upgrades Summary - Barclays upgraded Zillow Group (ZG) to Equal Weight from Underweight with a price target of $72, increased from $66, citing that significant downside risks are already reflected in the stock price [2] - Rosenblatt upgraded Fortinet (FTNT) to Buy from Neutral with a price target of $100, up from $85, based on positive channel checks indicating a "meaningful inflection" in demand ahead of the Q4 report on February 5 [2] - Benchmark upgraded Littelfuse (LFUS) to Buy from Hold with a price target of $360, following a strong Q4 report and an optimistic outlook as demand improves across the business [2] - Morgan Stanley upgraded Cencora (COR) to Overweight from Equal Weight with a price target of $400, up from $361, highlighting the company's leadership in specialty markets, which will be enhanced by the acquisition of a majority stake in OneOncology [2] - Chardan upgraded Korro Bio (KRRO) to Buy from Neutral with a price target of $15 after the analyst day, indicating that the company has "turned the page" [2] - Piper Sandler also upgraded Korro Bio to Overweight from Neutral [2]

It's time now for overlooked stocks. Shares of Little Fuse are rallying to four-year highs after its earnings report this morning. So, I'm joined by George Sillis, senior markets corresponded to help get us across the details of this.I was unaware of this company admittedly. George, uh, this is obviously in the business of industrial technology manufacturing. Just talk us through exactly what it does, what it told us in these earnings and the reaction we're seeing in the stock today.>> Mhm. Yeah, sure. I me ...

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Khandelwal also discussed a non-cash goodwill impairment charge of $301 million recorded in the fourth quarter related to the IXYS and Dortmund acquisitions . He said the impairment resulted from the company’s annual impairment testing and “reflects weaker sales and profitability than original expectations amid persistent soft market conditions.”Profitability improved as adjusted EBITDA margin was 20.5% , up 480 basis points . Adjusted diluted earnings per share were $2.69 . Khandelwal said the margin perfo ...

Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $594 million, representing a year-over-year growth of 12% and an organic growth of 7% [15] - Adjusted EBITDA margin increased to 20.5%, up 480 basis points, indicating significant operational leverage [15] - Operating cash flow for the quarter was $139 million, with free cash flow of $120 million, and the company ended the quarter with $563 million in cash [15] Business Line Data and Key Metrics Changes - The electronics product segment saw sales increase by 21%, driven by strong organic sales in passive products and growth in protection semiconductor products [17] - The transportation product segment experienced a 1% increase in sales, but a 1% decline organically, primarily due to softer commercial vehicle volumes [18] - The industrial products segment reported a 4% increase in sales, but a 1% decline organically, as improved demand in energy storage and grid infrastructure was offset by lower HVAC demand [19] Market Data and Key Metrics Changes - The company noted double-digit revenue growth in high-growth markets such as data centers, grid and utility infrastructure, and renewables [5] - Automotive sales grew in the mid-single digits despite a decline in global vehicle production [5] - The company anticipates a significant investment of approximately $3 trillion in grid modernization through 2030, positioning itself for growth in this market [8] Company Strategy and Development Direction - The acquisition of Basler Electric is expected to enhance high-power capabilities and expand the company's position in key growth markets [4] - The company is focused on enhancing operational excellence and optimizing its semiconductor business to improve profitability [11][44] - A new go-to-market strategy is being implemented to better understand and solve customer technology challenges, particularly in the data center market [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with a robust backlog and significant momentum, expecting double-digit revenue growth in the first quarter [7] - There are emerging signs of a broad-based industrial recovery, with strong momentum in various segments [6][31] - The company is focused on being price-cost neutral amid rising commodity prices, with a strategy to manage inflation impacts effectively [34][35] Other Important Information - The company recorded a non-cash goodwill impairment charge of $301 million related to previous acquisitions, reflecting weaker sales and profitability than expected [16] - The company plans to provide a detailed review of its strategy and long-term financial goals at an Investor Day on May 14th [4][14] Q&A Session Summary Question: Data center market growth and opportunities - Management highlighted that design wins in the data center market more than doubled in 2025, indicating strong momentum and opportunities for growth [24][27] Question: Industrial market recovery signs - Management noted broader-based momentum in the industrial market, particularly in diversified industrial segments, while still facing softness in residential HVAC [30][31] Question: Impact of metals inflation on costs - Management discussed strategies to manage rising costs of metals like copper and silver, focusing on supply chain opportunities and pricing adjustments [34][35]

Littelfuse (NasdaqGS:LFUS) Q4 2025 Earnings call January 28, 2026 09:00 AM ET Company ParticipantsAbhi Khandelwal - EVP and CFODavid Kelley - Head of Investor RelationsGreg Henderson - President and CEOConference Call ParticipantsChristopher Glynn - Managing Director and Senior AnalystDavid Williams - Equity Research AnalystLuke Junk - Senior Research AnalystOperatorGood day, everyone, and welcome to the Littelfuse Fourth Quarter 2025 Earnings Conference Call. Today's call is being recorded. At this time, I ...