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, Inc. (NASDAQ: LFUS) will release its Q2 financial results on August 2, 2022, after market close. A conference call will follow on August 3, 2022, at 9:00 a.m. CT. Financial details and the slide presentation will be accessible via the Investor Relations section of the company's website. Littelfuse is an industrial technology manufacturing company operating in over 15 countries, providing innovative solutions across various markets.
Littelfuse, Inc. (NASDAQ: LFUS) reported impressive financial results for Q1 2022, achieving net sales of $623.3 million, a 34% increase compared to the prior year. The GAAP diluted EPS was $4.70, reflecting an 87% growth year-on-year. The company announced strategic acquisitions, including C&K Switches with annual sales over $200 million and Embed, Ltd. This positions Littelfuse well amid market volatility, forecasting Q2 sales between $594 million and $608 million, representing 15% expected growth.
Littelfuse, Inc. (NASDAQ: LFUS) will announce its financial results for Q1 2022 after market close on May 3, 2022. A conference call is scheduled for May 4, 2022, at 9:00 a.m. Central Time, available via webcast. The company provides innovative solutions across more than 15 countries, employing approximately 17,000 associates and serving over 100,000 end customers in various industries, enhancing connectivity and safety.
XL Fleet Corp. (NYSE: XL) has appointed Donald P. Klein as Chief Financial Officer effective April 11, 2022, succeeding Chris Goldner, who served as interim CFO since February 2022. Klein brings over 25 years of finance and accounting experience, including prior roles at Power Solutions International and Littelfuse, Inc. CEO Eric Tech expressed confidence in Klein's ability to enhance the finance organization and drive value. XL Fleet focuses on fleet electrification solutions, having driven over 180 million miles with major clients like Coca-Cola and Verizon.
Littelfuse, a technology manufacturing company, has acquired Embed, Ltd., a provider of embedded software for transportation applications. This acquisition aims to enhance Littelfuse's software engineering capabilities, enabling better service to customers amid increasing electronification in transportation. Embed, founded in 2005 and based in Coventry, UK, is expected to strengthen Littelfuse's technical expertise. Further financial details and impacts of this acquisition will be discussed in the first quarter earnings call.
Sun Capital Partners announced an agreement to sell C&K, a manufacturer of electromechanical switches, to Littelfuse (NASDAQ: LFUS) for an enterprise value of $540 million. C&K, established in 1928 and based in Waltham, Massachusetts, has achieved significant growth, nearly doubling its EBITDA and improving margins by over 400 basis points since its acquisition by Sun Capital in 2017. Notably, C&K completed two strategic acquisitions during this period, enhancing its market positioning, particularly in aerospace and defense sectors.
Littelfuse, Inc. (NASDAQ: LFUS) has announced a definitive agreement to acquire C&K Switches for an enterprise value of $540 million. C&K Switches, established in 1928, specializes in high-performance electromechanical switches, generating over $200 million in annual sales. The acquisition aims to enhance Littelfuse's presence in key markets such as industrial and aerospace. The transaction is expected to close in the second quarter of 2022, pending regulatory approvals. The financing will be through cash and debt, with further details to be revealed during Littelfuse's first quarter earnings call.
FAQ
What is the current stock price of Littelfuse (LFUS)?
What is the market cap of Littelfuse (LFUS)?
What does Littelfuse Inc. specialize in?
When was Littelfuse Inc. founded?
Where is Littelfuse Inc. headquartered?
How many employees does Littelfuse Inc. have?
What markets does Littelfuse Inc. serve?
What are some of the key products offered by Littelfuse Inc.?
What recent achievements has Littelfuse Inc. accomplished?
Is Littelfuse Inc. involved in electric vehicle infrastructure?
What is the global presence of Littelfuse Inc.?
How does Littelfuse Inc. ensure the reliability of its products?
