Littelfuse(US:LFUS)2022-02-02 16:59Financial Performance Highlights - Full year 2021 revenue reached a record of $2080 million, a 44% increase compared to the previous year[22,23] - Full year 2021 adjusted earnings per share (EPS) increased by 106% to $1319, compared to $640 in the prior year[3,21,23] - Q4 2021 revenue reached $553 million, a 38% increase versus the prior year, with 23% organic growth[18,19] - Q4 2021 adjusted EPS increased by 42% to $316, compared to $223 in the prior year[17,19] - The company achieved a record adjusted operating margin of 191% for the full year 2021[3,23] Segment Performance - The Electronics segment experienced a revenue growth of 39% in Q4 2021 and 39% for the full year, driven by strong demand in data centers, telecom, appliances, and automotive electronics[27,30] - The Transportation segment's revenue grew by 14% in Q4 2021 and 33% for the full year, with commercial vehicle revenue increasing by 58%[27,30] - The Industrial segment's revenue increased significantly by 121% in Q4 2021 and 124% for the full year, fueled by renewables, solar, energy storage systems, and HVAC[27,30] Strategic Initiatives and Acquisitions - The company completed the acquisitions of Hartland Controls and Carling Technologies, expecting approximately $300 million in annualized sales from these acquisitions[3] - Carling Technologies acquisition is expected to contribute ~$185 million – $190 million revenue in 2022[35] 2022 Outlook - Q1 2022 sales are projected to be between $563 million and $577 million, representing a 23% increase compared to the prior year at the midpoint[33,34] - Q1 2022 EPS is expected to be between $314 and $330, a 21% increase versus the prior year at the midpoint[32,34]