In This Article:
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Revenue: $554 million, up 4% year-over-year, and up 3% organically.
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GAAP Operating Margin: 12.7%.
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Adjusted Operating Margin: 14.2%.
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Adjusted EBITDA Margin: 20.1%.
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GAAP Diluted Earnings: $1.75 per share.
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Adjusted Diluted Earnings: $2.19 per share, up 24% year-over-year.
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Operating Cash Flow: $66 million.
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Free Cash Flow: $43 million, with a free cash conversion of 98%.
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Cash on Hand: $619 million.
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Net Debt to EBITDA Leverage: 1.3x.
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Shareholder Returns: $45 million returned, including $17 million in dividends and $27 million in share repurchases.
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Electronics Products Segment Sales: Up 6% year-over-year, 3% organically.
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Transportation Products Segment Sales: Declined 4% organically.
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Industrial Products Segment Sales: Grew 16% organically.
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Second Quarter Sales Guidance: $565 million to $595 million.
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Second Quarter EPS Guidance: $2.10 to $2.40.
Release Date: April 30, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Littelfuse Inc (NASDAQ:LFUS) reported first-quarter revenue of $554 million, up 4% year-over-year, exceeding the high end of their guidance range.
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The company achieved a strong book-to-bill ratio across all segments, indicating robust demand and a strong backlog entering the second quarter.
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The Industrial Products segment saw a 16% organic sales growth, driven by strong renewables, data center, and HVAC growth.
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Littelfuse Inc (NASDAQ:LFUS) demonstrated strong cash generation with $66 million in operating cash flow and $43 million in free cash flow, maintaining a solid balance sheet with $619 million in cash.
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The company is focused on strategic acquisitions and leveraging its strong global teams to capitalize on future growth opportunities, particularly in high-voltage and high-current applications.
Negative Points
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The Transportation Products segment experienced a 4% decline in organic sales, with particular softness in Europe and North America.
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Power semiconductor products saw a 5% decline, indicating continued softness in this area despite improvements in protection products.
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The company faces potential demand risks in the second half of the year due to trade and market uncertainties.
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Tariff impacts remain a concern, although Littelfuse Inc (NASDAQ:LFUS) is actively working on mitigation strategies with customers.
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The macroeconomic environment presents challenges, with some submarkets like automotive and personal electronics showing signs of anxiety.
Q & A Highlights
Q: Can you elaborate on the tariff impacts and how they are reflected in the second-quarter guidance? A: Greg Henderson, CEO, explained that Littelfuse has been focusing on building a flexible and asset-light operating model, moving manufacturing and supply chains closer to customers. Meenal Sethna, CFO, added that they don't expect tariffs to have a material impact on earnings in the second quarter due to mitigation actions and pricing strategies.