Littelfuse Inc - LFUS STOCK NEWS

Littelfuse (NASDAQ: LFUS) has launched the SRP1 Solid-State Relays (SSRs) family, designed for enhanced reliability and durability in industrial and commercial machinery applications. These SSRs offer:

- Extended service life of up to 750K life stress cycles
- Ratings from 10 A to 90 A at low or high voltage
- AC or DC control options
- IP20 finger-safe and overvoltage protection
- Compliance with international standards

The SRP1 SSRs are available in five configurations, catering to various application needs in industrial automation, HVAC, and food & beverage sectors. This launch reinforces Littelfuse's commitment to solid-state technology solutions and industry leadership.

Littelfuse (NASDAQ: LFUS) reported Q2 2024 results, with net sales of $558 million, down 9% year-over-year and 8% organically. GAAP diluted EPS was $1.82, while adjusted diluted EPS reached $1.97, both exceeding guidance. The company generated $69 million in operating cash flow and $50 million in free cash flow. Littelfuse's Board approved an 8% increase in quarterly dividend to $0.70 per share. For Q3 2024, Littelfuse expects net sales between $540-$570 million and adjusted diluted EPS of $1.95-$2.15. The company anticipates a return to growth in Q4 2024, citing normalized inventory and improving demand in some areas, balanced by customer caution.

Littelfuse (NASDAQ: LFUS), a company specializing in diversified industrial technology, announced it will release its Q2 2024 financial results after market close on July 30, 2024. Investors can access the press release and slide presentation in the Investor Relations section of Littelfuse.com. Additionally, the company has scheduled a conference call for 9:00 a.m. Central Time on July 31, 2024, which will be available via webcast and later replayed on the website. Littelfuse engages in designing and delivering innovative, reliable solutions across industrial, transportation, and electronics markets, serving over 100,000 customers globally.

Littelfuse (NASDAQ: LFUS) has released its fourth annual Sustainability Report, highlighting significant strides in environmental, social, and governance (ESG) efforts. Notable achievements include a 24% reduction in GHG intensity since 2019, 46% of manufacturing sites utilizing renewable energy, and a 37% increase in water recycling.

On the social front, Littelfuse reported a 22.5% representation of females in leadership roles, a 3-year consecutive reduction in hazardous waste, and zero workplace injuries across three sites. Governance highlights include the launch of a Local Ethics Ambassadors program at 28 major sites and 30,200 hours of ethics training.

CEO Dave Heinzmann emphasized the company's commitment to integrating sustainability into its business strategy, aiming for lasting value for all stakeholders. The full report is available on the company's website.

Littelfuse has inaugurated a new manufacturing plant in Piedras Negras, Coahuila, Mexico, aimed at enhancing its industrial circuit protection capabilities and commitment to sustainability. The 106,000-square-foot facility doubles the company's local production capacity, utilizing advanced automation and zero water consumption processes. The plant will produce electrical products for various sectors, including renewable energy, data centers, and HVAC, and is expected to employ 1,000 individuals. The facility is designed to be environmentally friendly, featuring high-efficiency HVAC systems and LED lighting. This expansion is part of Littelfuse's broader strategy to align with customer demands and support local community development.

Littelfuse, Inc. (NASDAQ: LFUS) reported Q1 net sales of $535 million, down 12% YoY, with GAAP diluted EPS at $1.93. The company expects Q2 net sales of $525-$555 million with adjusted diluted EPS at $1.65-$1.85. Littelfuse approved a $300 million stock repurchase program and a $0.65 cash dividend per share. The company remains confident in a return to growth in 2024.

Littelfuse, Inc. (NASDAQ: LFUS) will be participating in several upcoming investor conferences, including the Oppenheimer Virtual Industrial Growth Conference, Stifel Cross Sector Insight Conference, and Baird Global Consumer, Technology & Services Conference. Interested parties can access live webcasts of the presentations on the company's website.

Littelfuse, Inc. (LFUS) will report Q1 fiscal 2024 results on April 30, 2024. Conference call scheduled for May 1, 2024, at 9:00 a.m. Central Time.

Littelfuse, Inc. (NASDAQ: LFUS) reported fourth-quarter net sales of $533.8 million, a 13% decrease from the prior year. Full-year net sales were $2.4 billion, down 6% from the previous year. GAAP diluted EPS for the fourth quarter was $1.71, and adjusted diluted EPS was $2.02. For the full year, GAAP diluted EPS was $10.34, and adjusted diluted EPS was $11.74. Cash flow from operations was $144 million for the fourth quarter and $457 million for the full year, with free cash flow at $121 million and $371 million, respectively. The company also provided guidance for the first quarter of 2024, expecting net sales in the range of $505 to $530 million and adjusted diluted EPS in the range of $1.65 to $1.85. Littelfuse will pay a cash dividend of $0.65 per share on March 7, 2024, to shareholders of record as of February 22, 2024.