Littelfuse Inc - LFUS STOCK NEWS

Littelfuse has announced its acquisition of Carling Technologies for $315 million, enhancing its position in commercial vehicles and communications infrastructure. Carling, with annual sales of around $170 million, brings expertise in switching and circuit protection technologies. The deal is expected to close in Q4 2021, pending regulatory approvals. Key executives from both companies express optimism about the synergy and growth opportunities that this acquisition represents for their customers and stakeholders.

Littelfuse (NASDAQ: LFUS) has announced its participation in two upcoming virtual investor conferences. The first is the Baird Global Industrial Conference on November 9, followed by the Stifel Midwest One-on-One Growth Conference on November 11. Interested parties can arrange calls with management through Baird or Stifel representatives. The presentations will be accessible via a live webcast on Littelfuse's investor relations page, with presentation materials and an archived webcast available post-event.

Littelfuse, Inc. (NASDAQ: LFUS) will release its financial results for Q3 2021 on October 26, 2021, after market close. A conference call to discuss the results is scheduled for October 27, 2021, at 9:00 a.m. Central Time, available via webcast. The company's Investor Relations section will provide access to the press release and slide presentation after the results are published. Littelfuse operates globally across 15 countries and employs 12,000 associates, serving over 100,000 end customers.

Littelfuse, Inc. (NASDAQ: LFUS) reported strong financial results for Q2 2021, with net sales of $523.5 million and a GAAP diluted EPS of $3.30. The company’s operating margins stood at 18.4% (GAAP) and 19.5% (adjusted). Cash flow from operations was $76.2 million, while free cash flow reached $58.2 million. Littelfuse's Board approved a 10% increase in the quarterly cash dividend, raising it from $0.48 to $0.53. The company anticipates Q3 net sales between $510 million and $524 million and adjusted EPS of $3.07 to $3.23.

Littelfuse (NASDAQ: LFUS) announced its participation in virtual investor conferences on August 4 at the Jefferies Industrials Conference and September 14 at the CL King Best Ideas Conference. Interested parties can arrange calls with management through their respective conference representatives. A live webcast of the presentations will be available on Littelfuse's investor relations page, where presentation materials will also be posted and archived after the events. Littelfuse is committed to sustainability and innovation across over 15 countries, serving a diverse range of industries.

Littelfuse (NASDAQ: LFUS) has announced a joint venture with Hirtenberger Automotive Safety, named PYTIC (Pyro Technology for Intelligent Circuit Disconnection). This collaboration aims to innovate products for eMobility and industrial energy storage applications, with the first product being the Pyro Safety Module (PSM). The PSM ensures faster detection of overcurrent events, enhancing safety in electric vehicles. As the demand for hybrid and electric vehicles grows, PYTIC positions itself as a key supplier for safe energy storage monitoring solutions.

Littelfuse (NASDAQ: LFUS) has announced that it will release its financial results for the second quarter of fiscal 2021 prior to market opening on July 28, 2021. The results will be available in the Investor Relations section of the company's website. This will be followed by a conference call at 9:00 a.m. Central Time, which will also be accessible via webcast and available for replay. Littelfuse aims to empower a sustainable and safer world through its innovative solutions, serving over 100,000 end customers across multiple sectors.

Littelfuse (NASDAQ: LFUS) has been named one of the 2021 'Best Places to Work in Illinois' for the tenth consecutive year in the large employer category. This recognition highlights Littelfuse's commitment to fostering a positive workplace environment amid recent challenges. The awards program is sponsored by the Daily Herald Business Ledger and various business organizations, reflecting the company's impact on the state's economy and workforce.

Littelfuse (NASDAQ: LFUS) announced that Meenal Sethna, Executive Vice President and CFO, has joined the Advisory Council of Women in Electronics (WE). WE is a nonprofit aimed at increasing opportunities for women in the electronics sector. Sethna's leadership experience from previous roles at Baxter, Motorola, and ITW is expected to significantly contribute to WE's growth strategy. Under her guidance, Littelfuse's Women’s Initiative Network (WiN) seeks to empower women in technology fields, promoting associate advancement and enhancing business outcomes.