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Sep 28, 2024
Littelfuse Q3 2024 Earnings Report
Littelfuse's third quarter earnings exceeded expectations due to strong operational execution.
Key Takeaways
Littelfuse reported net sales of $567 million, a 7% decrease compared to the prior year. GAAP diluted EPS was $2.32, and adjusted diluted EPS was $2.71. Cash flow from operations was $80 million, and free cash flow was $65 million.
Net sales were $567 million, down 7% year-over-year.
GAAP diluted EPS was $2.32, and adjusted diluted EPS was $2.71.
Cash flow from operations reached $80 million.
Free cash flow was $65 million.
Littelfuse
Littelfuse
Littelfuse Revenue by Segment
Revenue by Segment
Electronics Revenue
CapyFin.comTransportation Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
For the fourth quarter of 2024, Littelfuse expects net sales in the range of $510 - $540 million and adjusted diluted EPS in the range of $1.90 - $2.10.
Positive Outlook
- Net sales in the range of $510 - $540 million
- Adjusted diluted EPS in the range of $1.90 - $2.10
- Adjusted effective tax rate of approximately 14%
Challenges Ahead
- Soft end market conditions extending into the fourth quarter
Revenue & Expenses
Visualization of income flow from segment revenue to net income