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Jul 01, 2023
Littelfuse Q2 2023 Earnings Report
Delivered solid results driven by strong operating fundamentals, within an ongoing dynamic environment.
Key Takeaways
Littelfuse reported second-quarter results for 2023, with net sales of $612.0 million, a decrease of 1% compared to the prior year period. GAAP diluted EPS was $2.79, while adjusted diluted EPS was $3.12. The company's cash flow from operations was $98.2 million, and free cash flow was $82.4 million.
Net sales of $612.0 million were down 1% versus the prior year period, and down 8% organically
GAAP diluted EPS was $2.79; adjusted diluted EPS was $3.12
Cash flow from operations was $98.2 million and free cash flow was $82.4 million
The company’s Board of Directors approved an 8% increase in the quarterly cash dividend from $0.60 to $0.65; this equates to an annualized dividend of $2.60 per share
Revenue by Segment
Forward Guidance
Based on current market conditions, for the third quarter the company expects net sales in the range of $570 to $595 million, adjusted diluted EPS in the range of $2.48 to $2.72 and an adjusted effective tax rate of approximately 19.5%
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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