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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
Littelfuse
Littelfuse
Littelfuse Revenue by Segment
Revenue by Segment
Electronics Revenue
CapyFin.comTransportation Revenue
CapyFin.comIndustrial Revenue
CapyFin.com 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