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Dec 30, 2023
Littelfuse Q4 2023 Earnings Report
Reported fourth quarter and full year results, driven by a diversified and resilient business model.
Key Takeaways
Littelfuse reported Q4 2023 results with net sales of $533.8 million, a 13% decrease versus the prior year period. GAAP diluted EPS was $1.71, and adjusted diluted EPS was $2.02. The company focused on driving sustainable growth and profitability while delivering record free cash flow and resilient margins.
Net sales of $533.8 million were down 13% versus the prior year period, and down 14.5% organically.
GAAP diluted EPS was $1.71; adjusted diluted EPS was $2.02.
Cash flow from operations was $144 million and free cash flow was $121 million.
The company expects a return to growth during 2024.
Littelfuse
Littelfuse
Littelfuse Revenue by Segment
Revenue by Segment
Electronics Revenue
CapyFin.comTransportation Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
Based on current market conditions, for the first quarter the company expects net sales in the range of $505 to $530 million, adjusted diluted EPS in the range of $1.65 to $1.85 and an adjusted effective tax rate of approximately 20.5%.
Positive Outlook
- Net sales in the range of $505 to $530 million
- Adjusted diluted EPS in the range of $1.65 to $1.85
- Adjusted effective tax rate of approximately 20.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income