Manufacturers

Littelfuse Delivers Record 2Q Sales

CHICAGO — Littelfuse, Inc., an industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the second quarter ended June 26, 2021:

  • Net sales of $523.5 million driven by strong demand across a number of electronics, automotive and industrial end markets, and operational execution
  • GAAP operating margin was 18.4%; adjusted operating margin was 19.5%
  • GAAP diluted EPS of $3.30 and adjusted diluted EPS of $3.41
  • Cash flow from operations was $76.2 million and free cash flow was $58.2 million
  • The company’s Board of Directors approved a 10% increase in the quarterly cash dividend from $0.48 to $0.53; this equates to an annualized dividend of $2.12 per share

“Through exceptional teamwork and strong business fundamentals, we delivered record revenue and earnings within a challenging operating environment,” said Dave Heinzmann, Littelfuse President and Chief Executive Officer. “I am extremely proud of our day-to-day execution over the past several quarters, while continuing to execute on our strategic initiatives to deliver our five-year strategy. Across our end markets, we expect strong demand through the year, with content growth led by increased electrification and more sophisticated protection.”

Third Quarter of 2021*

For the third quarter, the company expects net sales in the range of $510 to $524 million and adjusted diluted EPS in the range of $3.07 to $3.23.

Dividend

The company will pay a cash dividend on its common stock of $0.53 per share on September 2, 2021 to shareholders of record as of August 19, 2021.

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