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