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Jun 29, 2024
Littelfuse Q2 2024 Earnings Report
Littelfuse's Q2 2024 sales and adjusted EPS exceeded guidance, driven by a diverse and resilient business model.
Key Takeaways
Littelfuse reported Q2 2024 financial results, with net sales of $558 million, a decrease of 9% compared to the prior year. GAAP diluted EPS was $1.82, and adjusted diluted EPS was $1.97. The company's Board of Directors approved an 8% increase in the quarterly cash dividend.
Net sales were $558 million, down 9% versus the prior year period, and down 8% organically.
GAAP diluted EPS was $1.82 and adjusted diluted EPS was $1.97.
Cash flow from operations was $69 million and free cash flow was $50 million.
The company’s Board of Directors approved an 8% increase in the quarterly cash dividend from $0.65 to $0.70.
Revenue by Segment
Forward Guidance
For the third quarter of 2024, the company expects net sales in the range of $540 - $570 million, adjusted diluted EPS in the range of $1.95 - $2.15 and an adjusted effective tax rate of approximately 26%.
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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