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Stock impact report

Littelfuse Reports First Quarter Results For 2020

Littelfuse, Inc. (LFUS) 
Last littelfuse, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.littelfuse.com/events.cfm
Company Research Source: Business Wire
Company prioritizes global associates, customers and long-term financial health of the business in response to the COVID-19 pandemic CHICAGO--(BUSINESS WIRE)--Littelfuse, Inc. (NASDAQ: LFUS), a global manufacturer of leading technologies in circuit protection, power control and sensing, today reported financial results for the first quarter ended March 28, 2020:Net sales of $346.1 million were down 15% versus the prior year period, and down 13% organically, primarily due to electronics inventory rebalancing and production and demand impacts related to the COVID-19 pandemicGrowth by segment versus the prior year period:Electronics sales decreased 19% (down 18% organically)Automotive sales decreased 8% (down 6% organically)Industrial sales increased 2% (up 2% organically)GAAP diluted EPS was $1.00; adjusted diluted EPS was $1.29GAAP effective tax rate was 30.6% and the adjusted effective tax rate was 26.5%Cash flow from operations was $45.3 million and free cash flow was $28.7 millio Show less Read more
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