Littelfuse Reports Second Quarter Results for 2025

“Our Q2 results exceeded our expectations, driven by solid growth and operational execution across our businesses,” said Greg Henderson, Littelfuse President and Chief Executive Officer. “We are leveraging our market leadership position and unique product portfolio as we help our customers solve their challenges around the safe and efficient transfer of electrical energy. We exited the quarter with strong bookings, and, into the third quarter, we are well positioned to drive continued growth while enhancing operational performance. We will remain focused on executing through a dynamic environment, and our strong balance sheet and cash generation will continue to support our thoughtful capital allocation strategy.”

“We are executing on our strategic priorities outlined last quarter, with a goal of driving leading long-term shareholder returns. Our focus on better capitalizing on future growth opportunities, providing more complete solutions to a broader set of customers, and driving operational excellence is delivering stronger growth and improved profitability.”

Third Quarter of 2025*

Based on current market conditions, for the third quarter, the company expects,

• Net sales in the range of $610 – $630 million, adjusted diluted EPS in the range of $2.65 – $2.85, and an adjusted effective tax rate of 25%

Dividend

• The company will pay a cash dividend on its common stock of $0.75 per share on September 4, 2025, to shareholders of record as of August 21, 2025

Second Quarter 2025 Highlights:
(Year-over-year comparisons unless otherwise noted)

• Net sales of $613 million, +9.8%; organic growth contributed +6.2%
• GAAP diluted earnings per share of $2.30, +26%
• Adjusted diluted earnings per share of $2.85, +45%
• GAAP Operating margin of 15.1%, +340 bps; Adjusted EBITDA margin of 21.4%, +280 bps
• YTD Cash flow from operations of $148 million and free cash flow of $115 million; YTD cash conversion of 114%
• The Company’s Board of Directors approved a 7% increase in the quarterly cash dividend from $0.70 to $0.75; this equates to an annualized dividend of $3.00 per share

*Littelfuse provides guidance on a non-GAAP (adjusted) basis. GAAP items excluded from guidance may include the after-tax impact of items including acquisition and integration costs, restructuring, impairment and other charges, certain purchase accounting adjustments, non-operating foreign exchange adjustments and significant and unusual items. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. Littelfuse is not able to forecast the excluded items in order to provide the most directly comparable GAAP financial measure without unreasonable efforts.