NASDAQ$LFUS

Littelfuse Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record sales driven by strong worldwide execution.

Littelfuse reported a strong start to the year with double-digit revenue and EPS growth, exceeding expectations. The company's agile teams navigated the dynamic market environment effectively, meeting customer commitments. Healthy demand was observed across various end markets aligned with strategic growth themes.

  • Net sales increased by 34% compared to the prior year period, with a 26% organic growth.
  • Electronics sales grew by 34%, Automotive sales increased by 23%, and Industrial sales surged by 80% compared to the prior year period.
  • GAAP diluted EPS was $2.32, and adjusted diluted EPS reached $2.67, reflecting a 107% growth.
  • Cash flow from operations amounted to $50.2 million, while free cash flow reached $35.4 million.

Headline financials

Total Revenue

$464M

Previous: $346M+34.0%
EPS (adj)

$2.67

Previous: $1.29+107.0%
Organic Net Sales Growth

26.0%

No prior period
Adjusted Operating Margin

17.1%

No prior period
Adjusted EBITDA Margin

22.3%

No prior period
Adjusted Effective Tax Rate

19.2%

Previous: 26.5%-27.5%
Capital Expenditures

-$14.7M

Previous: -$16.6M+11.2%
Free Cash Flow

$43M

Previous: $8.06M+433.5%
Net Income

$57.7M

Previous: $24.6M+134.2%
Operating Income

$76.5M

Previous: $44.8M+70.9%
Gross Profit

$160M

Previous: $124M+29.7%
Cash & Equivalents

$573M

Previous: $621M-7.7%
Total Assets

$2.79B

Previous: $2.61B+6.7%
Stock-Based Comp

$3.4M

Previous: $2.97M+14.5%

Revenue & EPS history

Littelfuse · Revenue · Quarterly

$464M

Q1 2021+34%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Littelfuse · $335M total across 2 segments · Q1 2021

  • Electronics
    $287M+33.8%
  • Industrial
    $48.7M+79.6%

Forward guidance

For the second quarter of 2021, the company anticipates net sales ranging from $463 million to $477 million, adjusted diluted EPS between $2.12 and $2.28, and an adjusted effective tax rate of approximately 17%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+3.2%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+12.6%

Q1 2018

Best reaction

-13.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%+3.2%+3.5%
Q4 2025+5.9%+9.8%+19.0%
Q3 2025-3.9%-5.0%-2.5%
Q1 2025+3.5%+4.5%+12.5%
Q4 2024+5.0%+3.4%+3.6%
Q3 2024-1.3%-2.1%-3.5%
Q2 2024+2.7%-5.0%+3.7%
Q1 2024-1.1%+4.9%+8.4%
Q4 2023+1.1%+2.6%-0.4%
Q3 2023+4.7%+8.2%+8.1%
Q2 2023-13.2%-16.0%-12.3%
Q1 2023+8.1%+7.9%+5.3%
Q4 2022+5.9%+3.1%+6.3%
Q3 2022-5.3%-3.3%+12.6%
Q2 2022-6.5%-8.7%-16.7%
Q1 2022+10.3%+8.8%+17.7%
Q4 2021-5.1%-5.8%-6.6%
Q3 2021-5.7%-0.4%+6.5%
Q2 2021+9.0%+7.3%+16.5%
Q1 2021-1.2%-3.2%-5.1%
Q4 2020-3.1%+2.1%-2.0%
Q3 2020+1.8%+2.9%+23.4%
Q2 2020+3.3%+5.5%+6.8%
Q1 2020+1.6%-1.8%+13.7%
Q4 2019-2.0%-5.1%-14.5%
Q3 2019-7.1%-2.2%-4.0%
Q2 2019-12.7%-17.7%-17.4%
Q1 2019-3.7%-6.2%-18.8%
Q4 2018-4.7%-1.2%+4.3%
Q3 2018+10.4%+10.5%+13.2%
Q2 2018+1.3%+2.0%+3.1%
Q1 2018+12.6%+13.7%+15.7%
Q4 2017+6.9%+0.3%+1.1%
Q3 2017-12.1%-9.8%-3.6%
Q2 2017+2.7%+0.5%+2.8%
Q1 2017+11.0%+9.4%+10.3%
Q4 2016+2.2%+2.2%+3.6%
Q3 2016+0.5%+4.7%+8.0%
Q2 2016-4.4%-5.3%+3.1%
Q1 2016-5.7%
Q4 2015+5.6%
Q3 2015+9.2%
Q2 2015+0.9%
Q1 2015+0.4%
Q4 2014-8.8%
Q3 2014+5.9%
Q2 2014-2.9%
Q1 2014-3.0%
Q4 2013+1.7%
Q3 2013+6.0%
Q2 2013+1.3%
Q1 2013+1.9%
Q4 2012+3.0%
Q3 2012-0.5%
Q2 2012-0.8%
Q1 2012-1.6%
Q4 2010-0.4%
Q1 2011-0.4%
Q4 2011-0.4%
Q3 2011+4.8%
Q2 2011-2.3%
Q3 2010-1.3%
Q2 2010+9.8%
Q1 2010-9.3%

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