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Oct 01, 2022
Littelfuse Q3 2022 Earnings Report
Reported strong third quarter results driven by global business wins, acquisitions, and operational excellence initiatives.
Key Takeaways
Littelfuse reported a strong third quarter, exceeding expectations with net sales of $658.9 million, a 22% increase versus the prior year, and adjusted diluted EPS of $4.28, up 8% versus the prior year. The company's performance was driven by global business wins, acquisitions, and operational excellence initiatives.
Net sales of $658.9 million were up 22% versus the prior year period, and up 8% organically
GAAP diluted EPS was $3.02; adjusted diluted EPS was $4.28, up 8% versus the prior year period
Cash flow from operations was $148.1 million; free cash flow was $126.5 million, 41% higher than the prior year period
On September 29, the company released its 2021 Sustainability Report
Revenue by Segment
Forward Guidance
For the fourth quarter of 2022, Littelfuse expects net sales in the range of $603 to $623 million, representing 11% growth over the prior year, and adjusted diluted EPS in the range of $3.14 to $3.34, representing 11% growth over the prior year when excluding last year's benefits.
Positive Outlook
- Net sales growth of 11% over the prior year (midpoint).
- Organic net sales growth of 4% (midpoint).
- Adjusted diluted EPS growth of 11% over the prior year (midpoint, excluding prior year benefits).
Challenges Ahead
- Approximately 700 basis point year-over-year sales headwind from foreign exchange.
- Impact from last year's extra “14th week”.
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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