CHICAGO — Littelfuse, Inc. today reported financial results for the third quarter ended September 27, 2025:
“We are pleased with our third quarter performance as we delivered strong revenue growth versus the prior year while our adjusted diluted earnings exceeded the high end of our guidance range reflecting solid execution amid mixed end market conditions,” said Greg Henderson, Littelfuse President and Chief Executive Officer. “Across our segments, we are leveraging our leadership position in safe and efficient electrical energy transfer to accelerate our growth opportunities.”
Acquisition of Basler Electric
“We are also excited to announce the upcoming acquisition of Basler Electric, as disclosed yesterday, a leader in electrical control and protection solutions for industrial markets. Basler will expand our high growth market opportunities, enhance our high power technology capabilities, and broaden our industrial customer exposure. We look forward to welcoming the Basler team to Littelfuse and to leveraging our complementary technologies, engineering capabilities and manufacturing footprint to drive long-term growth, profitability enhancements, and shareholder value.”
Fourth Quarter of 2025*
Looking ahead to the fourth quarter, we expect +10% revenue growth versus the prior year given our strong backlog and customer positioning. Although we expect typical fourth quarter seasonality and see continued mixed end market conditions, we remain focused on driving innovations with our customers while delivering operational enhancements. We will continue to execute on our strategic priorities as we aim to scale our company, with the goal of delivering long-term best-in-class performance and shareholder returns.
Based on current market conditions, for the fourth quarter the company expects,
- Net sales in the range of $570 – $590 million, adjusted diluted EPS in the range of $2.40 – $2.60 and an adjusted effective tax rate of 22%
Third Quarter 2025 Segment Performance Highlights
Electronics Segment
- Net sales for the third quarter 2025 increased +18%. Organic sales increased +12% driven by improved passive products (+19% organic) demand from OEM customers and distributors. Semiconductor product (+5% organic) sales also contributed to growth driven by improved protection semiconductor demand in-part offset by lower power semiconductor volumes. The Dortmund Fab acquisition also contributed +4% to growth.
- Adjusted EBITDA margin for the third quarter 2025 increased to 24.0% (+140 bps) primarily due to strong passive products and protection volume leverage, which more than offset continued soft power semiconductor volumes and higher stock and variable compensation.
Transportation Segment
- Net sales for the third quarter 2025 were flat as favorable FX impact of +2% was offset by lower organic sales. Organic sales decreased -2% driven by lower commercial vehicle sales (-3% organic), reflecting softer on-highway, off-road and agriculture end market demand. Passenger car organic sales were flat reflecting stable passenger car product demand offset by sensor declines.
- Adjusted EBITDA margin for the third quarter 2025 decreased to 16.8% (-220 bps) driven by lower volume, the impact of higher stock and variable compensation, and unfavorable tariff timing.
Industrial Segment
- Net sales for the third quarter 2025 increased +4%. Organic sales increased +4% driven by improved energy storage, renewables and data center demand in-part offset by lower HVAC and continued soft construction demand.
- Adjusted EBITDA margin for the third quarter 2025 decreased to 20.7% (-310 bps) driven by unfavorable mix and higher stock and variable compensation.
Dividend
- The company will pay a cash dividend on its common stock of $0.75 per share on December 4, 2025, to shareholders of record as of November 20, 2025.