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Apr 01, 2023
Littelfuse Q1 2023 Earnings Report
Reported strong first quarter results, above sales and adjusted EPS guidance.
Key Takeaways
Littelfuse reported a 2% decrease in net sales compared to the prior year, with net sales of $609.8 million. GAAP diluted EPS was $3.54, and adjusted diluted EPS was $3.64. Cash flow from operations increased by 3% to $53.4 million, and free cash flow increased by 26% to $27.7 million.
Net sales of $609.8 million were down 2% versus the prior year period, and down 8% organically.
GAAP diluted EPS was $3.54; adjusted diluted EPS was $3.64.
Cash flow from operations was $53.4 million, up 3% from the prior year period, and free cash flow was $27.7 million, up 26% from the prior year period.
Completed the acquisition of Western Automation Research and Development Limited on February 3.
Revenue by Segment
Forward Guidance
For the second quarter of 2023, the company expects net sales in the range of $607 to $633 million and adjusted diluted EPS in the range of $3.20 to $3.45.
Positive Outlook
- Net sales in the range of $607 to $633 million
Challenges Ahead
- Adjusted diluted EPS in the range of $3.20 to $3.45
- Adjusted effective tax rate of approximately 16%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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