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Here's What Key Metrics Tell Us About Littelfuse (LFUS) Q3 Earnings
LFUSLittelfuse(LFUS) ZACKS·2024-10-29 23:31

Core Insights - Littelfuse reported revenue of 567.39millionforthequarterendedSeptember2024,adecreaseof6.5567.39 million for the quarter ended September 2024, a decrease of 6.5% year-over-year, with EPS at 2.71 compared to 2.97inthesamequarterlastyear[1]TherevenueexceededtheZacksConsensusEstimateof2.97 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 2.08by30.292.08 by 30.29% [1] Financial Performance Metrics - Net Sales in the Industrial segment were 91.82 million, exceeding the average estimate of 80.60millionbythreeanalysts,representingayearoveryearincreaseof6.680.60 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 305.35million,reflectingayearoveryeardeclineof11.6305.35 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 172.47million,showingayearoveryeardecreaseof3.2172.47 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 49.36million[3]OperatingincomefortheIndustrialsegmentwas49.36 million [3] - Operating income for the Industrial segment was 17.71 million, significantly above the average estimate of 10.01million[3]OperatingincomefortheTransportationsegmentwas10.01 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]