CHICAGO--(BUSINESS WIRE)--Littelfuse, Inc. (NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, was recently named one of America’s Most Responsible Companies on Newsweek’s 2024 list. This marks the second consecutive year the Company has been recognized. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The final list recognizes the top 600 most responsible ...

Financial Performance - For Q3 2023, the company reported net sales of $607.1 million, a decrease of $51.8 million, or 7.9% compared to Q3 2022, including $7.3 million or 1.1% from favorable foreign exchange rates [121]. - Net income for Q3 2023 was $57.8 million, or $2.30 per diluted share, down from $75.5 million, or $3.02 per diluted share in Q3 2022, primarily due to lower operating income in the Electronics segment [121]. - Operating income for Q3 2023 was $93.6 million, a decrease of $28.3 million, or 23.2%, compared to Q3 2022, with operating margins declining from 18.5% to 15.4% [137]. - Gross profit for Q3 2023 was $226.9 million, or 37.4% of net sales, down from $256.8 million, or 39.0% of net sales in Q3 2022 [133]. - Cost of sales for Q3 2023 was $380.2 million, or 62.6% of net sales, compared to $402.1 million, or 61.0% of net sales in Q3 2022 [131]. - Operating income for the first nine months of 2023 was $296.3 million, a decrease of $110.3 million, or 27.1%, compared to $406.6 million for the same period in 2022 [138]. - Income before income taxes for the first nine months of 2023 was $269.6 million, or 14.7% of net sales, down from $339.7 million, or 17.9% of net sales, in the first nine months of 2022 [140]. - Net sales decreased by $51.3 million, or 6.8%, in the first nine months of 2023 compared to the same period in 2022, primarily due to lower volume in the electronics products business [162]. Segment Performance - Net sales in the Electronics segment decreased by $69.0 million, or 6.1%, in the first nine months of 2023 compared to the same period in 2022, despite an incremental $91.9 million from the C&K acquisition [147]. - Net sales in the Transportation segment decreased by $32.6 million, or 5.9%, in the first nine months of 2023, with a significant decline of $40.6 million in the commercial vehicle business [152]. - Net sales in the Industrial segment increased by $29.7 million, or 12.9%, in the first nine months of 2023, driven by higher volume in construction/MRO and the acquisition of Western Automation [156]. - Operating income in the Electronics segment for the first nine months of 2023 was $247.0 million, a decrease of $92.6 million, or 27.3%, compared to $339.7 million in the same period of 2022 [150]. - Operating income in the Transportation segment for the first nine months of 2023 was $26.0 million, a decrease of $31.6 million, or 54.8%, compared to $57.6 million in the same period of 2022 [154]. - Operating income in the Industrial segment for the first nine months of 2023 was $45.5 million, an increase of $5.5 million, or 13.7%, compared to $40.0 million in the same period of 2022 [158]. Acquisitions and Investments - The company acquired Western Automation for approximately $162 million in cash, which had annualized sales of about $25 million at the time of acquisition [123]. - The company entered into a purchase agreement to acquire a 200mm wafer fab in Dortmund, Germany for approximately €93 million, with a down payment of €37.2 million made in Q3 2023 [122]. - The acquisition of Western Automation for approximately $162 million was completed, with annualized sales of about $25 million reported at the time of acquisition [183]. Cash Flow and Dividends - Net cash provided by operating activities for the nine months ended September 30, 2023 was $313.1 million, slightly down from $313.4 million for the same period in 2022 [124]. - Net cash used in investing activities was $261.4 million for the nine months ended September 30, 2023, a significant decrease from $610.0 million in the same period in 2022 [188]. - The Company paid quarterly dividends of $16.2 million during the third quarter of 2023 and announced a quarterly cash dividend of $0.65 per share payable on December 7, 2023 [184]. Market Conditions and Risks - The company faced challenges in the macro environment, including supply chain disruptions and varying regional dynamics, with a modest impact from the ongoing war in Ukraine [125]. - There have been no material changes in the Company's exposure to market risk during the nine months ended September 30, 2023 [195]. Tax and Accounting - The effective tax rate for the first nine months of 2023 was 19.7%, higher than the 17.6% effective tax rate for the same period in 2022, primarily due to a one-time deduction in 2022 [142]. - There were no significant changes in the application of critical accounting policies during the nine months ended September 30, 2023 [194]. - The Company's financial statements are prepared in accordance with U.S. GAAP, using estimates and judgments based on historical experience and current trends [193]. Cash Position and Share Repurchase - Cash and cash equivalents were $560.1 million as of September 30, 2023, a decrease of $2.5 million compared to December 31, 2022 [169]. - The Company announced a new three-year share repurchase program to buy back up to $300 million of its common stock from May 1, 2021, to April 30, 2024 [190]. - As of September 30, 2023, the Company had no off-balance sheet arrangements and was not liable for any third-party indebtedness [191]. - As of September 30, 2023, the effective interest rate on outstanding borrowings was 6.67% [174].

SUPPLEMENTAL FINANCIAL INFORMATION Non-GAAP EPS reconciliation 19 (In millions of USD except per share amounts - unaudited) Expertise Applied | Answers Delivered Consolidated Net Leverage Ratio (as defined in the Credit Agreement) * 4.3 66.1 0.8 8.5 Expective Applied | Accessers Delivered (In millions of USD except per share amounts - unaudited) Littelfuse, Inc. © 2023 22 (b) reflected in cost of sales. (In millions of USD except per share amounts - unaudited) (a) reflected in selling, general and administr ...

Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Mark one) for the fiscal year ended December 31, 2022 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission file number 0-20388 LITTELFUSE, INC. (Exact name of registrant as specified in its charter) Delaware 36-3795742 (State or other jur ...

Littelfuse, Inc. (NASDAQ:LFUS) Q4 2022 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Trisha Tuntland - Head of IR David Heinzmann - President and CEO Meenal Sethna - EVP and CFO Conference Call Participants Matthew Sheerin - Stifel Luke Junk - Baird Joshua Buchalter - Cowen David Kelley - Jefferies David Williams - Benchmark David Silver - CL King Operator Good day, everyone, and welcome to the Littelfuse Fourth Quarter 2022 Earnings Conference Call. Today's call is being record ...

Q4 2022 EARNINGS RELEASE 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 ...

Financial Data and Key Metrics Changes - Revenue for Q3 2022 was $659 million, representing a 22% increase year-over-year and an 8% organic growth despite foreign exchange headwinds [32][34] - GAAP operating margins were 18.5%, while adjusted operating margins were 21%, with adjusted EBITDA margins nearly at 26% [33] - GAAP-diluted earnings per share was $3.02, and adjusted diluted EPS was $4.28, up 8% from the previous year [34] Business Line Data and Key Metrics Changes - Electronics segment achieved 7% organic growth with operating margins nearly at 29% and EBITDA margins over 33% [37] - Transportation segment saw a 5% organic growth in commercial vehicles and a 3% increase in passenger vehicles, with operating margins at 7.1% and EBITDA margins over 13% [38] - Industrial segment reported an 18% organic sales growth in Q3, with operating margins exceeding 15% and EBITDA margins over 18% [40] Market Data and Key Metrics Changes - Demand remains solid across various markets, particularly in sustainability, connectivity, and safety applications [13] - Softer demand was noted in consumer-oriented end-markets, particularly in appliances and personal life products, with broader softening in China [14] - Inventory levels in electronics distribution partners were above target ranges, with book-to-bill ratios below one [14][15] Company Strategy and Development Direction - The company is investing for growth through both organic means and acquisitions, focusing on sustainability, connectivity, and safety [9][10] - The strategy includes increasing product content and market share in high-growth markets and geographies [10] - The company aims to achieve a greenhouse gas reduction of 38% by 2035 and has set diversity goals for leadership positions [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand environment for core areas despite potential economic slowdowns [61] - The company anticipates continued long-term market outperformance in electrification and electronification themes [16] - Management acknowledged ongoing inflationary pressures but remains optimistic about maintaining pricing power [58][116] Other Important Information - The company generated a record $313 million in operating cash flow and $236 million in free cash flow, up 29% year-over-year [35] - The company ended the quarter with $474 million in cash and a net debt to EBITDA leverage at the low end of its target range [36] - The C&K acquisition is expected to enhance the company's product offerings and is being integrated into the electronics business [104][106] Q&A Session Summary Question: Inventory correction and book-to-bill ratio - Management noted that while point-of-sale data remains robust, there is a mixed bag in book-to-bill ratios, particularly in passive products [53][54] Question: Pricing environment and ASPs - Management indicated that while some input costs are decreasing, others continue to rise, and pricing adjustments have been sticky [57][58] Question: Demand environment outlook - Management expressed confidence in core areas, noting that consumer-facing segments have already seen a slowdown [61][62] Question: Impact of semiconductor supply chain improvements - Management acknowledged that improvements in semiconductor supply could help ease inventory digestion but noted it would not have a major immediate impact [66] Question: EBIT margins in the Electronics segment - Management confirmed that while margins have been strong, they expect long-term margins to stabilize around 20% [101] Question: C&K acquisition impact - Management highlighted that the C&K acquisition is expected to be accretive in the long term, with plans to align its margins with company targets [108][109] Question: Softness in China - Management attributed softness in China to consumer-facing products and general economic conditions, although passenger car demand remains strong [111][112]

1 INVESTOR PRESENTATION AUGUST 2022 Littelfuse® Expertise Applied | Answers Delivered 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 i ...

Littelfuse, Inc. (NASDAQ:LFUS) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Trisha Tuntland - Head of IR David Heinzmann - President & CEO Meenal Sethna - EVP & CFO Conference Call Participants Nikolay Todorov - Longbow Research Matthew Sheerin - Stifel Luke Junk - Baird Joshua Buchalter - Cowen David Kelley - Jefferies David Silver - CL King Operator Good day, everyone, and welcome to the Littelfuse, Inc. Second Quarter 2022 Conference Call. Today's call is being recorde ...

1 Q2 2022 EARNINGS RELEASE August 2, 2022 Littelfuse Expertise Applied | Answers Delivered 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 ...