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Jun 27, 2020
Littelfuse Q2 2020 Earnings Report
Company performance exceeded expectations.
Key Takeaways
Littelfuse reported a decrease in net sales by 23% compared to the prior year, primarily due to COVID-19 impacts. GAAP diluted loss per share was $0.37, including a non-cash goodwill impairment charge of $33.8 million; adjusted diluted EPS was $0.71. The company ended the quarter with $652 million in cash and generated $43.1 million in free cash flow.
Net sales were $307.3 million, a 23% decrease versus the prior year period.
GAAP diluted loss per share was $0.37; adjusted diluted EPS was $0.71.
Cash flow from operations was $56.0 million and free cash flow was $43.1 million.
The company expects sequential sales growth of 12% – 15% for the third quarter of 2020.
Revenue by Segment
Forward Guidance
The company expects sequential sales growth of 12% – 15%, with a sequential adjusted operating income drop through of approximately 40%. The forecast assumes all of its production facilities continue operations to meet demand levels
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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