Littelfuse Reports Fourth Quarter and Full Year Results for 2024

Rhea-AI Summary

Littelfuse (NASDAQ: LFUS) reported its Q4 and full-year 2024 financial results. Q4 net sales reached $530 million, down 1% year-over-year, with a GAAP diluted loss per share of $1.57, including $93m in non-cash goodwill and intangible impairment charges. Adjusted diluted EPS was $2.04.

For full-year 2024, net sales were $2.2 billion, down 7% from the previous year. The company achieved GAAP diluted EPS of $4.51 and adjusted diluted EPS of $8.48. Cash flow from operations was $368 million, with free cash flow of $292 million.

Looking ahead to Q1 2025, Littelfuse expects net sales between $520-550 million and adjusted diluted EPS of $1.70-1.90. The company announced a quarterly dividend of $0.70 per share, payable on March 6, 2025.

Positive

• Strong cash flow from operations at $368 million for 2024
• Free cash flow of $292 million for the full year
• Q4 cash flow from operations of $161 million
• Solid second half margin expansion despite difficult market conditions

Negative

• Q4 net sales declined 1% year-over-year to $530 million
• Full-year 2024 sales dropped 7% to $2.2 billion
• $93 million in non-cash goodwill and intangible impairment charges in Q4
• Q4 GAAP diluted loss per share of $1.57

Insights

Financial Analyst

Littelfuse's Q4 2024 performance reflects a company effectively navigating challenging market conditions through operational excellence and strategic diversification. The 1% revenue decline to $530 million masks several positive developments:

The robust free cash flow generation of $135 million in Q4 (representing a remarkable 25.5% of sales) demonstrates strong working capital management and operational efficiency. This financial flexibility provides a solid foundation for both the recently announced $0.70 per share dividend and potential strategic investments.

The $93 million non-cash impairment charge, while impacting GAAP results, is a prudent accounting measure that doesn't affect the company's operational strength or cash position. The focus on profitability enhancements has yielded tangible results, evidenced by margin expansion in H2 2024 despite revenue pressures.

Looking ahead, the Q1 2025 guidance suggests cautious optimism. The projected adjusted EPS range of $1.70-1.90 indicates management's confidence in maintaining profitability through operational improvements, despite ongoing market challenges. The company's diverse end-market exposure across industrial, transportation and electronics sectors provides natural hedging against sector-specific downturns.

Key positive indicators include:

• Strong cash conversion with $292 million full-year free cash flow
• Continued design win momentum suggesting future revenue opportunities
• Operational improvements driving margin expansion despite revenue pressure
• Global diversification across 100,000+ end customers reducing concentration risk

Consistent Execution Drives Fourth Quarter Results In-line with Prior Guidance

CHICAGO--(BUSINESS WIRE)-- Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the fourth quarter and full year ended December 28, 2024:

Fourth Quarter 2024 Results

• Net sales of $530 million were down 1% versus the prior year period and flat organically
• GAAP diluted loss per share was $1.57, which includes $93m in non-cash goodwill and intangible impairment charges
• Adjusted diluted EPS was $2.04
• Cash flow from operations was $161 million and free cash flow was $135 million

Full Year 2024 Results

• Net sales of $2.2 billion were down 7% versus the prior year period and organically
• GAAP diluted EPS was $4.51 adjusted diluted EPS was $8.48
• Cash flow from operations was $368 million and free cash flow was $292 million

“Our fourth quarter performance, which was in-line with our expectations, reflects ongoing operational execution and our steadfast commitment to our diverse and global customer base,” said Dave Heinzmann, Littelfuse President and Chief Executive Officer. “For the full year 2024, we delivered strong cash conversion while our focused profitability enhancements drove solid second half margin expansion amid difficult end market conditions. Our continued design win momentum, meaningful content opportunities, broad end market exposures and operational improvements position us well as we expect to deliver solid earnings expansion in 2025.”

First Quarter of 2025*

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

• Net sales in the range of $520 - $550 million, adjusted diluted EPS in the range of $1.70 - $1.90 and an adjusted effective tax rate of approximately 26%

*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.

Dividend

• The company will pay a cash dividend on its common stock of $0.70 per share on March 6, 2025, to shareholders of record as of February 20, 2025

Conference Call and Webcast Information

Littelfuse will host a conference call on Wednesday, January 29, 2025, at 9:00 a.m. Central Time to discuss the results. The call will be broadcast and available for replay at Littelfuse.com. A slide presentation is available in the Investor Relations section of the company’s website at Littelfuse.com.

About Littelfuse

Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 20 countries, and with approximately 16,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation and electronics end markets – everywhere, every day. Learn more at Littelfuse.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

The statements in this press release that are not historical facts are intended to constitute "forward-looking statements" entitled to the safe-harbor provisions of the Private Securities Litigation Reform Act. Such statements are based on Littelfuse, Inc.’s (“Littelfuse” or the “Company”) current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, risks and uncertainties relating to general economic conditions; product demand and market acceptance; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; cybersecurity matters; failure of an indemnification for environmental liability; exchange rate fluctuations; commodity and other raw material price fluctuations; the effect of Littelfuse accounting policies; labor disputes and shortages; restructuring costs in excess of expectations; pension plan asset returns less than assumed; integration of acquisitions; uncertainties related to political or regulatory changes; limited realization of the expected benefits from investment and strategic plans; and other risks which may be detailed in the company's Securities and Exchange Commission filings. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated or implied in the forward-looking statements. This release should be read in conjunction with information provided in the financial statements appearing in the company's Annual Report on Form 10-K for the year ended December 30, 2023.

Further discussion of the risk factors of the company can be found under the caption "Risk Factors" in the company's Annual Report on Form 10-K for the year ended December 30, 2023, and in other filings and submissions with the SEC, each of which are available free of charge on the company’s investor relations website at investor.littelfuse.com and on the SEC’s website at www.sec.gov. These forward-looking statements are made as of the date hereof. The company does not undertake any obligation to update, amend or clarify these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the availability of new information.

Non-GAAP Financial Measures

The information included in this press release includes the non-GAAP financial measures of organic net sales (decline) growth, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, adjusted effective tax rate, free cash flow, net debt, consolidated EBITDA, and consolidated net leverage ratio (as defined in the credit agreement). Many of these non-GAAP financial measures exclude the effect of certain expenses and income not related directly to the underlying performance of our fundamental business operations. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is set forth in the attached schedules. The company believes that organic net sales (decline) growth, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, and adjusted effective tax rate provide useful information to investors regarding its operational performance because they enhance an investor’s overall understanding of our core financial performance and facilitate comparisons to historical results of operations, by excluding items that are not related directly to the underlying performance of our fundamental business operations or were not part of our business operations during a comparable period. The company believes that free cash flow is a useful measure of its ability to generate cash. The company believes that net debt, consolidated EBITDA, and consolidated net leverage ratio are useful measures of its credit position. The company believes that all of these non-GAAP financial measures are commonly used by financial analysts and others in the industries in which we operate, and thus further provide useful information to investors. Management additionally uses these measures when assessing the performance of the business and for business planning purposes. Note that our definitions of these non-GAAP financial measures may differ from those terms as defined or used by other companies.

LFUS-F

LITTELFUSE, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)	December 28, 2024			December 30, 2023
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	724,924		$	555,513
Short-term investments		976			235
Trade receivables, less allowances of $69,990 and $84,696, respectively		294,371			287,018
Inventories		429,754			474,607
Prepaid income taxes and income taxes receivable		11,749			8,701
Prepaid expenses and other current assets		105,659			82,526
Total current assets		1,567,433			1,408,600
Net property, plant, and equipment		477,068			493,153
Intangible assets, net of amortization		482,118			606,136
Goodwill		1,228,502			1,309,998
Investments		23,245			24,821
Deferred income taxes		4,899			10,486
Right of use lease assets		72,211			62,370
Other long-term assets		48,168			79,711
Total assets	$	3,903,644		$	3,995,275
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	188,359		$	173,535
Accrued liabilities		148,944			149,214
Accrued income taxes		29,658			38,725
Current portion of long-term debt		67,612			14,020
Total current liabilities		434,573			375,494
Long-term debt, less current portion		788,502			857,915
Deferred income taxes		95,532			110,820
Accrued post-retirement benefits		29,836			34,422
Non-current lease liabilities		60,559			49,472
Other long-term liabilities		68,217			86,671
Total equity		2,426,425			2,480,481
Total liabilities and equity	$	3,903,644		$	3,995,275

LITTELFUSE, INC.
CONSOLIDATED STATEMENTS OF NET (LOSS) INCOME
(Unaudited)
		Three Months Ended								Fiscal Year Ended
(in thousands, except per share data)		December 28, 2024				December 30, 2023				December 28, 2024				December 30, 2023
Net sales		$	529,505			$	533,807			$	2,190,768			$	2,362,657
Cost of sales			339,186				340,226				1,389,745				1,462,416
Gross profit			190,319				193,581				801,023				900,241
Selling, general, and administrative expenses			87,694				84,598				351,089				354,655
Research and development expenses			26,490				25,159				107,773				102,429
Amortization of intangibles			14,709				16,021				62,127				65,794
Restructuring, impairment, and other charges			98,112				3,280				108,441				16,501
Total operating expenses			227,005				129,058				629,430				539,379
Operating (loss) income			(36,686	)			64,523				171,593				360,862
Interest expense			9,359				10,063				38,717				39,866
Foreign exchange (gain) loss			(13,503	)			3,602				(9,230	)			12,299
Other income, net			(2,654	)			(8,091	)			(22,570	)			(19,901	)
(Loss) income before income taxes			(29,888	)			58,949				164,676				328,598
Income taxes			9,085				16,068				51,673				69,113
Net (loss) income		$	(38,973	)		$	42,881			$	113,003			$	259,485
(Loss) income per share:
Basic		$	(1.57	)		$	1.72			$	4.55			$	10.44
Diluted		$	(1.57	)		$	1.71			$	4.51			$	10.34
Weighted-average shares and equivalent shares outstanding:
Basic			24,818				24,905				24,821				24,854
Diluted			24,818				25,111				25,039				25,102
Comprehensive (loss) income		$	(134,552	)		$	86,590			$	22,459			$	299,432

LITTELFUSE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
	Year Ended
(in thousands)	December 28, 2024				December 30, 2023
OPERATING ACTIVITIES
Net income	$	113,003			$	259,485
Adjustments to reconcile net income to net cash provided by operating activities		245,835				173,776
Changes in operating assets and liabilities:
Trade receivables		(15,347	)			24,517
Inventories		33,662				82,471
Accounts payable		16,260				(36,277	)
Accrued liabilities and income taxes		(44,200	)			(61,022	)
Prepaid expenses and other assets		18,408				14,437
Net cash provided by operating activities		367,621				457,387
INVESTING ACTIVITIES
Acquisitions of businesses, net of cash acquired		—				(198,810	)
Purchases of property, plant, and equipment		(75,877	)			(86,188	)
Net proceeds from sale of property, plant, and equipment		10,836				832
Other		(741	)			(151	)
Net cash used in investing activities		(65,782	)			(284,317	)
FINANCING ACTIVITIES
Net payments of credit facility and senior notes		(7,500	)			(128,802	)
Cash dividends paid		(67,061	)			(62,161	)
Purchases of common stock		(40,862	)			—
All other cash provided by financing activities		2,987				5,237
Net cash used in financing activities		(112,436	)			(185,726	)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash		(20,089	)			4,840
Increase (decrease) in cash, cash equivalents, and restricted cash		169,314				(7,816	)
Cash, cash equivalents, and restricted cash at beginning of period		557,123				564,939
Cash, cash equivalents, and restricted cash at end of period	$	726,437			$	557,123

LITTELFUSE, INC.
NET SALES AND OPERATING INCOME BY SEGMENT
(Unaudited)
		Fourth Quarter											Year-to-Date
(in thousands)		2024				2023				% (Decline) / Growth			2024				2023				% (Decline) / Growth
Net sales
Electronics		$	285,841			$	297,753			(4.0	)%		$	1,186,773			$	1,350,426			(12.1	)%
Transportation			161,723				162,570			(0.5	)%			672,434				678,278			(0.9	)%
Industrial			81,941				73,484			11.5	%			331,561				333,953			(0.7	)%
Total net sales		$	529,505			$	533,807			(0.8	)%		$	2,190,768			$	2,362,657			(7.3	)%
Operating (loss) income
Electronics		$	35,186			$	53,553			(34.3	)%		$	168,045			$	300,581			(44.1	)%
Transportation			14,614				7,619			91.8	%			69,539				33,634			106.8	%
Industrial			13,977				9,350			49.5	%			46,031				54,800			(16.0	)%
Other (a)			(100,463	)			(5,999	)		N.M.				(112,022	)			(28,153	)		N.M.
Total operating (loss) income		$	(36,686	)		$	64,523			(156.9	)%		$	171,593			$	360,862			(52.4	)%
Operating Margin			(6.9	)%			12.1	%						7.8	%			15.3	%
Interest expense			9,359				10,063							38,717				39,866
Foreign exchange (gain) loss			(13,503	)			3,602							(9,230	)			12,299
Other income, net			(2,654	)			(8,091	)						(22,570	)			(19,901	)
(Loss) income before income taxes		$	(29,888	)		$	58,949			(150.7	)%		$	164,676			$	328,598			(49.9	)%
(a) "other" typically includes non-GAAP adjustments such as acquisition-related and integration costs, purchase accounting inventory adjustments and restructuring and impairment charges. (See Supplemental Financial Information for details.)
N.M. - Not meaningful

		Fourth Quarter									Year-to-Date
(in thousands)		2024			2023			% (Decline) / Growth			2024			2023			% (Decline) / Growth
Operating Margin
Electronics		12.3	%		18.0	%		(5.7	)%		14.2	%		22.3	%		(8.1	)%
Transportation		9.0	%		4.7	%		4.3	%		10.3	%		5.0	%		5.3	%
Industrial		17.1	%		12.7	%		4.4	%		13.9	%		16.4	%		(2.5	)%

LITTELFUSE, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(In millions of USD except per share amounts - unaudited)
Non-GAAP EPS reconciliation
	Q4-24				Q4-23				YTD-24				YTD-23
GAAP diluted EPS	$	(1.57	)		$	1.71			$	4.51			$	10.34
EPS impact of Non-GAAP adjustments (below)		3.61				0.31				3.97				1.40
Adjusted diluted EPS	$	2.04			$	2.02			$	8.48			$	11.74

Non-GAAP adjustments - (income) / expense
	Q4-24				Q4-23				YTD-24				YTD-23
Acquisition-related and integration costs (a)	$	2.3			$	2.7			$	5.1			$	11.7
Restructuring, impairment and other charges (b)		98.1				3.3				108.4				16.5
Gain on sale of fixed assets (c)		—				—				(1.5	)			—
Non-GAAP adjustments to operating income		100.4				6.0				112.0				28.2
Other expense (income), net (d)		1.6				—				1.3				(0.2	)
Non-operating foreign exchange (gain) loss		(13.5	)			3.6				(9.2	)			12.3
Non-GAAP adjustments to income before income taxes		88.5				9.6				104.1				40.3
Income taxes (e)		(1.5	)			1.8				4.7				5.0
Non-GAAP adjustments to net income	$	90.0			$	7.8			$	99.4			$	35.3
Total EPS impact	$	3.61			$	0.31			$	3.97			$	1.40

Adjusted operating margin / Adjusted EBITDA reconciliation
	Q4-24				Q4-23				YTD-24				YTD-23
Net (loss) income	$	(39.0	)		$	42.9			$	113.0			$	259.5
Add:
Income taxes		9.1				16.1				51.7				69.1
Interest expense		9.4				10.1				38.7				39.9
Foreign exchange (gain) loss		(13.5	)			3.6				(9.2	)			12.3
Other income, net		(2.7	)			(8.1	)			(22.6	)			(19.9	)
GAAP operating (loss) income	$	(36.7	)		$	64.5			$	171.6			$	360.9
Non-GAAP adjustments to operating (loss) income		100.4				6.0				112.0				28.2
Adjusted operating income	$	63.8			$	70.5			$	283.6			$	389.0
Amortization of intangibles		14.7				16.0				62.1				65.8
Depreciation expenses		17.3				18.1				68.3				71.6
Adjusted EBITDA	$	95.8			$	104.6			$	414.1			$	526.4
Net sales	$	529.5			$	533.8			$	2,190.8			$	2,362.7
Net (loss) income as a percentage of net sales		(7.4	)%			8.0	%			5.2	%			11.0	%
Operating margin		(6.9	)%			12.1	%			7.8	%			15.3	%
Adjusted operating margin		12.0	%			13.2	%			12.9	%			16.5	%
Adjusted EBITDA margin		18.1	%			19.6	%			18.9	%			22.3	%

Adjusted EBITDA by Segment		Q4-24												Q4-23
		Electronics				Transportation				Industrial				Electronics				Transportation				Industrial
GAAP operating income		$	35.2			$	14.6			$	14.0			$	53.6			$	7.6			$	9.4
Add:
Add back amortization			9.8				3.4				1.5				9.8				3.6				2.6
Add back depreciation			10.4				5.4				1.5				10.3				6.4				1.4
Adjusted EBITDA		$	55.3			$	23.4			$	17.0			$	73.7			$	17.6			$	13.4
Adjusted EBITDA Margin			19.3	%			14.5	%			20.8	%			24.7	%			10.8	%			18.2	%

Adjusted EBITDA by Segment		YTD-24												YTD-23
		Electronics				Transportation				Industrial				Electronics				Transportation				Industrial
GAAP operating income		$	168.0			$	69.5			$	46.0			$	300.6			$	33.6			$	54.8
Add:
Add back amortization			39.4				13.5				9.2				39.9				15.8				10.1
Add back depreciation			40.4				22.1				5.8				39.5				26.7				5.4
Adjusted EBITDA		$	247.9			$	105.2			$	61.0			$	379.9			$	76.1			$	70.4
Adjusted EBITDA Margin			20.9	%			15.6	%			18.4	%			28.1	%			11.2	%			21.1	%

Net sales reconciliation		Q4-24 vs. Q4-23
		Electronics			Transportation			Industrial			Total
Net sales (decline) growth		(4	)%		(1	)%		12	%		(1	)%
Less:
FX impact		—	%		—	%		—	%		—	%
Organic net sales (decline) growth		(4	)%		(1	)%		12	%		—	%

Net sales reconciliation		YTD-24 vs. YTD-23
		Electronics			Transportation			Industrial			Total
Net sales decline		(12	)%		(1	)%		(1	)%		(7	)%
Less:
FX impact		—	%		—	%		—	%		—	%
Organic net sales decline		(12	)%		(1	)%		(1	)%		(7	)%

Income tax reconciliation
		Q4-24				Q4-23				YTD-24				YTD-23
Income taxes		$	9.1			$	16.1			$	51.7			$	69.1
Effective rate			(30.4	)%			27.3	%			31.4	%			21.0	%
Non-GAAP adjustments - income taxes			(1.5	)			1.8				4.7				5.0
Adjusted income taxes		$	7.6			$	17.9			$	56.4			$	74.1
Adjusted effective rate			12.9	%			26.1	%			21.0	%			20.1	%

Free cash flow reconciliation
		Q4-24				Q4-23				YTD-24				YTD-23
Net cash provided by operating activities		$	160.6			$	144.2			$	367.6			$	457.4
Less: Purchases of property, plant and equipment			(25.8	)			(23.0	)			(75.9	)			(86.2	)
Free cash flow		$	134.8			$	121.2			$	291.7			$	371.2

Consolidated Total Debt		As of December 28, 2024
Consolidated Total Debt		$		856.1
Unamortized debt issuance costs				2.8
Finance lease liability				0.3
Consolidated funded indebtedness		$		859.2
Cash held in U.S. (up to $400 million)				302.2
Net debt		$		557.0
Consolidated EBITDA		Twelve Months Ended December 28, 2024
Net Income		$		112.8
Interest expense				38.7
Income taxes				51.7
Depreciation				68.3
Amortization				62.1
Non-cash additions:
Stock-based compensation expense				26.0
Unrealized loss on investments				(0.1	)
Impairment charges				93.5
Other				3.7
Consolidated EBITDA (1)		$		456.7
Consolidated Net Leverage Ratio (as defined in the Credit Agreement) *				1.2	x

* Our Credit Agreement and Private Placement Note with maturities ranging from 2024 to 2032, contain financial ratio covenants providing that if, as of the last day of each fiscal quarter, the Consolidated Net Leverage ratio at such time for the then most recently concluded period of four consecutive fiscal quarters of the Company exceeds 3.50:1.00, an Event of Default (as defined in the Credit Agreement and Private Placement Senior Notes) is triggered.

The Credit Agreement and Private Placement Senior Notes were amended in Q2 2022 and now allow for the addition of acquisition and integration costs up to 15% of Consolidated EBITDA and the netting of up to $400M of Available Cash (Cash held by US Subsidiaries).

(1) Represents Consolidated EBITDA as defined in our Credit Agreement and Private Placement Senior Notes and is calculated using the most recently concluded period of four consecutive quarters.

Note: Total will not always foot due to rounding.

(a) reflected in selling, general and administrative expenses ("SG&A").

(b) reflected in restructuring, impairment and other charges. In the fourth quarter 2024, the Company recorded $92.6 million of non-cash impairment charges, which included $47.8 million for the impairment of intangible assets primarily related to certain acquired customer relationships, developed technology, and tradename in the Industrial controls and sensors reporting unit within the Industrial segment, and $36.1 million and $8.6 million non-cash goodwill impairment charge associated with the Industrial controls and sensors reporting unit within the Industrial segment and the Automotive sensors reporting unit within the Transportation segment, respectively. In addition, during the first quarter of 2024, the Company recognized a $0.9 million impairment related to certain machinery and equipment in the commercial vehicle business within the Transportation segment.

(c) 2024 amount reflected a gain of $0.5 million recorded for the sale of a land use right within the Electronics segment and a gain of $1.0 million for the sale of two buildings within the Transportation segment.

(d) 2024 included $1.8 million increase in coal mining reserves, partially offset by a reversal of $0.5 million for an asset retirement obligation charge related the disposal of a business in 2019. 2023 amount included $0.2 million gain from the sale of a building within the Electronics segment.

(e) reflected the tax impact associated with the non-GAAP adjustments.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250128555280/en/

David Kelley

224-727-2535

dkelley@littelfuse.com

Source: Littelfuse, Inc.

FAQ

What were Littelfuse's (LFUS) Q4 2024 financial results?

In Q4 2024, Littelfuse reported net sales of $530 million (down 1% YoY), a GAAP diluted loss per share of $1.57, and adjusted diluted EPS of $2.04. The company generated $161 million in cash flow from operations.

How much was Littelfuse's (LFUS) impairment charge in Q4 2024?

Littelfuse recorded $93 million in non-cash goodwill and intangible impairment charges in Q4 2024.

What is Littelfuse's (LFUS) guidance for Q1 2025?

For Q1 2025, Littelfuse expects net sales between $520-550 million and adjusted diluted EPS in the range of $1.70-1.90, with an adjusted effective tax rate of approximately 26%.

What dividend did Littelfuse (LFUS) declare for March 2025?

Littelfuse declared a cash dividend of $0.70 per share, payable on March 6, 2025, to shareholders of record as of February 20, 2025.

How did Littelfuse (LFUS) perform in full-year 2024?

For full-year 2024, Littelfuse reported net sales of $2.2 billion (down 7% YoY), GAAP diluted EPS of $4.51, adjusted diluted EPS of $8.48, and generated $368 million in cash flow from operations.