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LFUS — Littelfuse News Story

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TechnologyBalancedLarge CapHigh Flyer

Littelfuse Q3 sales up 10%, beat estimates

Overview

Littelfuse Q3 net sales rise 10% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats analyst estimates, reflecting strong execution

Company announces acquisition of Basler Electric to expand market opportunities

Outlook

Company expects fourth-quarter net sales between $570 mln and $590 mln

Littelfuse forecasts fourth-quarter adjusted EPS between $2.40 and $2.60

Company anticipates 10% revenue growth in Q4 driven by strong backlog

Result Drivers

ELECTRONICS GROWTH - Electronics segment sales rose 18% due to strong demand for passive products and semiconductors

TRANSPORTATION CHALLENGES - Transportation segment sales were flat, with a 2% decline in organic sales due to lower commercial vehicle demand

INDUSTRIAL DEMAND - Industrial segment sales increased 4%, driven by energy storage and renewables demand

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesBeat$624.64 mln$622.92 mln (4 Analysts)
Q3 Adjusted EPSBeat$2.95$2.79 (4 Analysts)
Q3 EPS$2.77
Q3 Net Income$69.52 mln
Q3 Gross Profit$240.98 mln
Q3 Operating Income$97.41 mln
Q3 Pretax Profit$94.71 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the electronic equipment & parts peer group is "buy" Wall Street's median 12-month price target for Littelfuse Inc is $303.06, about 13.4% above its October 28 closing price of $262.53 The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago Press Release: ID:nBw5QjMlHa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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