earnings
confidence high
sentiment positive
materiality 0.80
Littelfuse Q1 sales $623M (+34%); adj. EPS $4.99 (+87%); acquires C&K Switches
LITTELFUSE INC /DE
2022-Q1 EPS reported
$4.70
revenue$623,330,000
- Net sales $623.3M, up 34% YoY (22% organic); GAAP EPS $4.70, adj. EPS $4.99 (+87%).
- Cash from ops $51.7M, free cash flow $21.9M; GAAP operating margin 24.2%, adj. 25.6%.
- Definitive agreement to acquire C&K Switches (annual sales >$200M); closed Embed, Ltd. acquisition.
- Q2 guidance: sales $594-608M (midpoint +15% YoY, +7% organic); adj. EPS $3.95-4.11 (+18%).
- Dividend $0.53/share payable June 9, 2022 to holders of record May 26, 2022.