Group 1: Earnings Performance - Littelfuse reported quarterly earnings of $2.04 per share, matching the Zacks Consensus Estimate, and showing an increase from $2.02 per share a year ago [1] - The company had revenues of $529.51 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.99%, but down from $533.81 million year-over-year [2] - Over the last four quarters, Littelfuse has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2][3] Group 2: Stock Performance and Outlook - Littelfuse shares have declined approximately 2.7% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The company's current consensus EPS estimate for the upcoming quarter is $2.05 on revenues of $545 million, and for the current fiscal year, it is $10.19 on $2.3 billion in revenues [7] - The estimate revisions trend for Littelfuse is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Group 3: Industry Context - The Electronics - Miscellaneous Components industry, to which Littelfuse belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Littelfuse's stock performance [5]

Exhibit 99.1 FOR IMMEDIATE RELEASE David Kelley 224-727-2535 dkelley@littelfuse.com LITTELFUSE REPORTS FOURTH QUARTER AND FULL YEAR RESULTS FOR 2024 Consistent Execution Drives Fourth Quarter Results In-line with Prior Guidance CHICAGO, January 28, 2025 - Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the fourth quarter and full year ended December 28, 2024: Fourth Quarter ...

Core Insights - Analysts forecast Littelfuse (LFUS) to report quarterly earnings of $2.04 per share, reflecting a year-over-year increase of 1% [1] - Expected revenues are projected at $524.33 million, indicating a decline of 1.8% compared to the same quarter last year [1] Earnings Estimates Revisions - Over the last 30 days, there has been an upward revision of 0.9% in the consensus EPS estimate for the quarter, indicating analysts' reassessment of their initial forecasts [2] - Revisions to earnings estimates are significant indicators for predicting potential investor actions regarding the stock [3] Key Metrics Forecast - Analysts expect 'Net Sales- Industrial' to be $79.50 million, showing a year-over-year change of +8.2% [5] - 'Net Sales- Electronics' is estimated at $277.85 million, reflecting a year-over-year decline of -6.7% [5] - 'Net Sales- Transportation' is forecasted to reach $163.59 million, suggesting a change of +0.6% year over year [5] Operating Income Projections - 'Operating income / (loss)- Electronic' is expected to be $42.18 million, down from $53.55 million reported in the same quarter last year [6] - 'Operating income / (loss)- Industrial' is projected at $12.13 million, compared to $9.35 million in the same quarter last year [6] - 'Operating income / (loss)- Transportation' is anticipated to be $11.30 million, up from $7.62 million year-over-year [7] Stock Performance - Shares of Littelfuse have shown a return of -1.1% over the past month, contrasting with the Zacks S&P 500 composite's +2.7% change [7] - Littelfuse holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [7]

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $567 million, down 7% year-over-year and organically, with product line pruning actions reducing sales by about 2% [25][34] - GAAP operating margins were 15.5%, adjusted operating margins were 15.9%, and adjusted EBITDA margins were 21.7%, reflecting a sequential improvement of 320 and 310 basis points [25][34] - GAAP diluted earnings per share was $2.32, and adjusted diluted EPS was $2.71, with a GAAP effective tax rate of 25% and an adjusted effective tax rate of 24% [26] Business Line Data and Key Metrics Changes - Electronics segment sales were down 12% year-over-year, with passive products approximately flat and semiconductor products declining 21% [30] - Transportation Products segment reported and organic sales were down 3%, with passenger vehicle sales declining 7% organically [31] - Industrial Products segment sales increased 7% reported and organically, marking the first growth since last year, driven by strong industrial safety demand and HVAC volume recovery [33] Market Data and Key Metrics Changes - Cautious customer ordering patterns were observed, particularly in Europe and China, with a softening book-to-bill ratio from the prior quarter [10][11] - Demand trends in the Electronics market remained subdued, with solid medical sales and robust demand for AI-driven applications [11][12] - Industrial markets experienced continued soft demand trends, particularly in industrial equipment and factory automation applications [20] Company Strategy and Development Direction - The company remains confident in its long-term growth strategy despite current macroeconomic challenges, focusing on operational excellence and innovation across diverse end markets [23][39] - The company is prioritizing thoughtful acquisitions and returning capital to shareholders through dividends and share buybacks, with a strong balance sheet supporting these initiatives [28][40] - The company aims for double-digit annual revenue growth through cycles, leveraging design win momentum and addressing sustainability and connectivity megatrends [39][40] Management's Comments on Operating Environment and Future Outlook - Management noted that cautious customer ordering patterns and challenging end-market conditions are expected to persist, leading to a forecast of sequentially lower sales in Q4 [8][10] - The company anticipates typical seasonality in Q4 sales, projecting a range of $510 million to $540 million, with EPS expected between $1.90 and $2.10 [34] - Management expressed confidence in the long-term growth trajectory, despite current demand softness, particularly in the Power Semiconductor business [44][45] Other Important Information - The company generated $65 million in free cash flow in Q3, with a year-to-date free cash flow of $157 million, yielding a 103% conversion rate [27] - The company ended the quarter with $630 million in cash and a net debt-to-EBITDA leverage of 1.6x [28] - The company expects to invest about $90 million in capital expenditures for the full year [38] Q&A Session Summary Question: Can you clarify the Q4 guidance assumptions for Electronics? - Management indicated two situations in the Electronics segment, with healthy channel partner inventories and stable demand for passive products, while Power Semiconductor demand is challenged due to slowing industrial demand, particularly in Europe [42][44] Question: What is the current state of the book-to-bill ratio? - The overall Electronics book-to-bill ratio softened slightly, with passive products running just under one and a softer performance in the Power Semiconductor segment [46] Question: What factors contributed to the margin improvement in Transportation and Industrial segments? - Management noted that Q3 margins included one-off benefits from foreign exchange and a favorable mix, but they expect continued margin expansion into 2025 through cost reduction and volume recovery [47][48] Question: How is the pricing environment affecting margins? - Management stated that pricing has remained stable despite a tough demand environment, with active pricing actions taken in the Transportation segment to address cost concerns [54][56] Question: What is the outlook for design wins and their impact on growth? - Management reported robust design activity across segments, with a slower conversion from design wins to production, but positive signs for future growth [58][60] Question: What is the company's approach to capital allocation and M&A? - Management emphasized the importance of thoughtful M&A as part of the long-term strategy, with a robust pipeline of opportunities being actively pursued [61][62]

Core Insights - Littelfuse reported revenue of $567.39 million for the quarter ended September 2024, a decrease of 6.5% year-over-year, with EPS at $2.71 compared to $2.97 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $557.98 million by 1.69%, while the EPS surpassed the consensus estimate of $2.08 by 30.29% [1] Financial Performance Metrics - Net Sales in the Industrial segment were $91.82 million, exceeding the average estimate of $80.60 million by three analysts, representing a year-over-year increase of 6.6% [3] - Net Sales in the Electronics segment were $304.19 million, slightly below the estimated $305.35 million, reflecting a year-over-year decline of 11.6% [3] - Net Sales in the Transportation segment were $171.38 million, also below the average estimate of $172.47 million, showing a year-over-year decrease of 3.2% [3] - Operating income for the Electronics segment was $48.89 million, slightly below the estimate of $49.36 million [3] - Operating income for the Industrial segment was $17.71 million, significantly above the average estimate of $10.01 million [3] - Operating income for the Transportation segment was $23.49 million, exceeding the average estimate of $15.38 million [3] Stock Performance - Shares of Littelfuse have returned -4% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.7% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

Littelfuse (LFUS) came out with quarterly earnings of $2.71 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $2.97 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 30.29%. A quarter ago, it was expected that this circuit protection manufacturer would post earnings of $1.75 per share when it actually produced earnings of $1.97, delivering a surprise of 12.57%. Over the last four qu ...

Financial Performance - Net sales for Q3 2024 were $567 million, a decrease of 7% compared to the same period last year[1]. - Net income for Q3 2024 was $58.1 million, compared to $57.8 million in Q3 2023[14]. - Operating income for Q3 2024 was $87.8 million, down from $93.6 million in the prior year[14]. - Total net sales for Q3 2024 were $567.390 million, a decrease of 6.5% compared to $607.071 million in Q3 2023[17]. - The Electronics segment reported net sales of $304.188 million in Q3 2024, down 11.6% from $343.933 million in Q3 2023[17]. - Operating income for Q3 2024 was $87.821 million, a decline of 6.2% from $93.645 million in Q3 2023[17]. - Adjusted diluted EPS for Q3 2024 was $2.71, compared to $2.97 in Q3 2023, reflecting a decrease of 8.7%[19]. - Net income for the nine months ended September 28, 2024, was $151.976 million, down from $216.604 million for the same period in 2023, representing a decline of 30%[15]. Cash Flow and Dividends - Cash flow from operations was $80 million, and free cash flow was $65 million[1]. - The company incurred $49.687 million in cash dividends paid during the nine months ended September 28, 2024, compared to $45.973 million in the same period in 2023[15]. - Free cash flow for Q3-24 was $65.0 million, down from $139.8 million in Q3-23, and YTD-24 free cash flow was $156.9 million compared to $250.0 million in YTD-23[25]. - The company will pay a cash dividend of $0.70 per share on December 5, 2024[3]. Assets and Equity - Total assets increased to $4.062 billion as of September 28, 2024, compared to $3.995 billion at the end of 2023[12]. - The company reported a total equity of $2.573 billion as of September 28, 2024, up from $2.480 billion at the end of 2023[12]. - Consolidated total debt as of September 28, 2024, was $867.7 million, with net debt at $735.6 million[26]. Segment Performance - The Transportation segment saw a significant increase in operating income of 142.3% in Q3 2024, reaching $23.485 million compared to $9.694 million in Q3 2023[17]. - The Industrial segment experienced a 6.6% growth in net sales for Q3 2024, totaling $91.821 million, compared to $86.119 million in Q3 2023[17]. - Year-to-date (YTD) organic net sales declined by 12% in Electronics, 3% in Transportation, and grew by 7% in Industrial, resulting in an overall decline of 9%[23]. - Net sales in Electronics declined by 12% in Q3-24 compared to Q3-23, while Transportation saw a decline of 3%[24]. Operating Metrics - The operating margin for Q3 2024 was 15.5%, slightly up from 15.4% in Q3 2023[18]. - Adjusted EBITDA for Q3-24 was $68.9 million, with a margin of 22.6%, compared to $96.6 million and 28.1% in Q3-23[21]. - Adjusted EBITDA for YTD-24 was $192.5 million in Electronics, $81.8 million in Transportation, and $44.0 million in Industrial, with respective margins of 21.4%, 16.0%, and 17.6%[23]. - The effective tax rate for Q3-24 was 25.3%, up from 23.3% in Q3-23, with adjusted income taxes at $21.8 million[25]. - Net cash provided by operating activities for Q3-24 was $80.4 million, down from $161.5 million in Q3-23[25]. Future Outlook - For Q4 2024, the company expects net sales in the range of $510 - $540 million and adjusted diluted EPS between $1.90 - $2.10[2]. - The company has amended its Credit Agreement to allow for the addition of acquisition and integration costs up to 15% of Consolidated EBITDA[27].

Wall Street expects a year-over-year decline in earnings on lower revenues when Littelfuse (LFUS) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 29, 2024, might help the stock move higher if these key numbers are better than ex ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Littelfuse (LFUS) , which belongs to the Zacks Electronics - Miscellaneous Components industry.This circuit protection manufacturer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.57%.For the last reported quarter, Littelfuse cam ...

adaask/iStock via Getty Images Littelfuse (NASDAQ:LFUS) is currently richly valued, but because it is about to experience a substantial upcycle in FY25, I think this matters little to its near-term alpha potential. Based on my peer analysis and valuation assessment, the stock could increase by around 23% in 12 months. However, there are risks for the coming year, including geopolitical uncertainty, which could create supply chain vulnerability for the company, and new innovation challenges related to AI and ...