Welcome to our dedicated page for Littelfuse news (Ticker: LFUS), a resource for investors and traders seeking the latest updates and insights on Littelfuse stock.
Littelfuse Inc. (symbol: LFUS), founded in 1927, is a global leader in circuit protection solutions. Headquartered in Chicago, Illinois, Littelfuse offers the industry’s most comprehensive portfolio of circuit protection products and solutions. These include fuses, gas discharge tubes (GDTs), positive temperature coefficient devices (PTCs), protection relays, PulseGuard® ESD suppressors, SIDACtor® devices, TVS diode arrays (SPA™ family of products), switching thyristors, TVS diodes, and varistors. The company also provides reliable electromechanical and electronic switch and control devices for commercial and specialty vehicles.
Littelfuse protects products in virtually every market that uses electrical energy, including consumer electronics, automobiles, and industrial equipment. The company's products are vital in safeguarding devices from overcurrent, overvoltage, electrostatic discharge (ESD), and other electrical disturbances.
With over 40 sales, distribution, manufacturing, and engineering facilities in the Americas, Europe, and Asia, Littelfuse has a vast global presence. The company has also been expanding its power semiconductor business, primarily serving industrial end markets and making inroads into electric vehicle (EV) charging infrastructure.
As of the latest update, Littelfuse employs around 17,000 individuals worldwide. The company continues to innovate and provide highly reliable technologies, ensuring high performance and safety in a variety of applications.
Recent achievements include strategic partnerships and technological advancements in the power semiconductor sector. Littelfuse is also involved in numerous ongoing projects aimed at enhancing the efficiency and reliability of its products. Financially, Littelfuse maintains a stable condition, consistently focusing on growth and customer satisfaction.
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.
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