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Jan 01, 2022
Littelfuse Q4 2021 Earnings Report
Reported record annual sales and earnings, driven by strong business execution.
Key Takeaways
Littelfuse reported strong Q4 2021 results with net sales of $553.1 million, up 38% in total and 23% organically. GAAP diluted EPS was $2.08 and adjusted diluted EPS was $3.16. The company completed its acquisition of Carling Technologies, Inc. on November 30.
Net sales of $553.1 million were up 38% in total and 23% organically versus the prior year, driven by stronger than expected demand across all segments
GAAP operating margin was 16.8%; adjusted operating margin was 17.0%
GAAP diluted EPS was $2.08 and adjusted diluted EPS was $3.16, benefiting from a lower effective tax rate driven by the receipt of a tax holiday
Cash flow from operations was $133 million and free cash flow was $100 million
Revenue by Segment
Forward Guidance
For the first quarter of 2022, the company expects net sales in the range of $563 to $577 million, adjusted diluted EPS in the range of $3.14 to $3.30 and an adjusted effective tax rate of approximately 17%.
Positive Outlook
- Net sales in the range of $563 to $577 million
- Adjusted diluted EPS in the range of $3.14 to $3.30
- Adjusted effective tax rate of approximately 17%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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