Littelfuse reported record revenue and earnings for Q2 2021, driven by robust demand across electronics, automotive, and industrial end markets. The company's Board of Directors also approved a 10% increase in the quarterly cash dividend.
Net sales reached $523.5 million due to strong demand in electronics, automotive, and industrial sectors, along with effective operational execution.
GAAP operating margin was 18.4%, while the adjusted operating margin stood at 19.5%.
GAAP diluted EPS was $3.30, and adjusted diluted EPS was $3.41.
Cash flow from operations amounted to $76.2 million, with a free cash flow of $58.2 million.
For the third quarter of 2021, the company anticipates net sales in the range of $510 to $524 million and adjusted diluted EPS in the range of $3.07 to $3.23.
Visualization of income flow from segment revenue to net income