Littelfuse Q4 net sales down 13% YoY to $533.8M; adjusted EPS $2.02

LITTELFUSE INC /DE

2023-FY EPS reported $10.34 revenue$2,362,657,000

Q4 net sales $533.8M, down 13% YoY (down 14.5% organically); GAAP EPS $1.71, adjusted EPS $2.02.
Full year 2023 net sales $2.4B, down 6% YoY; record free cash flow of $371M.
Q1 2024 guidance: net sales $505-530M, adjusted diluted EPS $1.65-1.85, adjusted tax rate ~20.5%.
Quarterly cash dividend of $0.65/share declared, payable March 7, 2024 to holders of record Feb 22.
Management expects return to growth in 2024, cites portfolio diversification and cost structure.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LITTELFUSE INC /DE reported the quarter ended December 30, 2023 results: revenue $533.8 million, EPS GAAP diluted EPS was $1.71; adjusted diluted EPS was $2.02.

Period: the quarter ended December 30, 2023
Revenue: $533.8 million
EPS: GAAP diluted EPS was $1.71; adjusted diluted EPS was $2.02
Result: reported results

Exact text from the filing

connected, and safer world, today reported financial results for the fourth quarter and full year ended December 30, 2023: Fourth Quarter 2023 Results • Net sales of $533.8 million were down 13% versus the prior year period, and down 14.5% organically • GAAP diluted EPS was $1.71; adjusted diluted EPS was $2.02 • Cash flow from operations was $144 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LITTELFUSE INC /DE reported the full year ended December 30, 2023 results: revenue $2.4 billion, EPS GAAP diluted EPS was $10.34; adjusted diluted EPS was $11.74.

Period: the full year ended December 30, 2023
Revenue: $2.4 billion
EPS: GAAP diluted EPS was $10.34; adjusted diluted EPS was $11.74
Result: reported results

Exact text from the filing

GAAP diluted EPS was $1.71; adjusted diluted EPS was $2.02 • Cash flow from operations was $144 million and free cash flow was $121 million Full Year 2023 Results • Net sales of $2.4 billion were down 6% versus the prior year period, and down 10.3% organically • GAAP diluted EPS was $10.34; adjusted diluted EPS was $11.74 • Cash flow from operations was $457 million

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Source: SEC EDGAR

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