earnings
confidence high
sentiment positive
materiality 0.75
Littelfuse Q2 sales $558M, adj EPS $1.97 above guidance; dividend raised 8%
LITTELFUSE INC /DE
2024-Q2 EPS reported
$3.75
revenue$1,093,874,000
- Net sales $558M (-9% YoY, -8% organic); GAAP diluted EPS $1.82; adjusted diluted EPS $1.97, exceeding guidance.
- Board approved 8% dividend increase to $0.70/quarter ($2.80 annual), payable Sep 5 to holders of record Aug 22.
- Cash flow from operations $69M; free cash flow $50M.
- Q3 guidance: net sales $540-570M, adj EPS $1.95-2.15; CEO expects return to growth likely in Q4 2024.