Littelfuse Delivers Strong First Quarter Results

CHICAGO — Littelfuse, Inc. reported financial results for the first quarter ended March 29, 2025:

“In the first quarter, we delivered results that exceeded our expectations, driven by solid Electronics Segment demand recovery and robust growth in our Industrial Segment,” said Greg Henderson, Littelfuse President and Chief Executive Officer. “Across our businesses, we drove improved bookings in the first quarter while our teams delivered strong operational performance, reflected in our expanded operating margin. Into the second quarter, we are prepared to navigate an uncertain environment, supported by our flexible operating model, strong balance sheet, diversified end market and customer exposures, and seasoned global teams.”

“While we are focused on executing through the current uncertain trade and economic landscape, we are not losing sight of our meaningful long-term opportunities. We have a history of strong and resilient profitability and cash flow that provide a solid foundation for future success. We are a leader in developing solutions that enable safe and efficient electrical energy transfer for our customers while our diverse end market exposures are aligned with secular growth trends. I am confident we are well positioned to deliver compelling long-term returns for our shareholders.”

Second Quarter of 2025*

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

• Net sales in the range of $565 – $595 million, adjusted diluted EPS in the range of $2.10 – $2.40 and an adjusted effective tax rate of 23% – 25%

Dividend

The company will pay a cash dividend on its common stock of $0.70 per share on June 5, 2025, to shareholders of record as of May 22, 2025

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

• Net sales of $554 million, +3.5%; organic growth contributed +2.9%
• GAAP diluted earnings per share of $1.75
• Adjusted diluted EPS of $2.19, +24%
• Free cash flow of $43 million, +3%; Cash conversion of 98%
• Returned $45m to shareholders via dividend and share repurchases

*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.