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Stock impact report

Littelfuse Reports First Quarter Results for 2024

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
Solid execution drives Q1 sales above, and EPS in-line with guidance CHICAGO--(BUSINESS WIRE)--Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the first quarter ended March 30, 2024:Net sales of $535 million were down 12% versus the prior year period, and down 12% organicallyGAAP diluted EPS was $1.93 and adjusted diluted EPS was $1.76Cash flow from operations was $57 million and free cash flow was $42 million“Our global team delivered solid first quarter results, with sales above and earnings in-line with our expectations, as our increasingly diversified end market exposures, robust technology offering, and portfolio optimization initiatives helped to offset ongoing inventory destocking,” said Dave Heinzmann, Littelfuse President and Chief Executive Officer. “Further, our strong cash generation reflects disciplined execution, while our well-positio Show less Read more
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