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Mar 27, 2021
Littelfuse Q1 2021 Earnings Report
Reported record sales driven by strong worldwide execution.
Key Takeaways
Littelfuse reported a strong start to the year with double-digit revenue and EPS growth, exceeding expectations. The company's agile teams navigated the dynamic market environment effectively, meeting customer commitments. Healthy demand was observed across various end markets aligned with strategic growth themes.
Net sales increased by 34% compared to the prior year period, with a 26% organic growth.
Electronics sales grew by 34%, Automotive sales increased by 23%, and Industrial sales surged by 80% compared to the prior year period.
GAAP diluted EPS was $2.32, and adjusted diluted EPS reached $2.67, reflecting a 107% growth.
Cash flow from operations amounted to $50.2 million, while free cash flow reached $35.4 million.
Littelfuse
Littelfuse
Littelfuse Revenue by Segment
Revenue by Segment
Electronics Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
For the second quarter of 2021, the company anticipates net sales ranging from $463 million to $477 million, adjusted diluted EPS between $2.12 and $2.28, and an adjusted effective tax rate of approximately 17%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income