NASDAQ$LFUS

Littelfuse Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Company performance exceeded expectations.

Littelfuse reported a decrease in net sales by 23% compared to the prior year, primarily due to COVID-19 impacts. GAAP diluted loss per share was $0.37, including a non-cash goodwill impairment charge of $33.8 million; adjusted diluted EPS was $0.71. The company ended the quarter with $652 million in cash and generated $43.1 million in free cash flow.

  • Net sales were $307.3 million, a 23% decrease versus the prior year period.
  • GAAP diluted loss per share was $0.37; adjusted diluted EPS was $0.71.
  • Cash flow from operations was $56.0 million and free cash flow was $43.1 million.
  • The company expects sequential sales growth of 12% – 15% for the third quarter of 2020.

Headline financials

Total Revenue

$307M

Previous: $398M-22.8%
EPS (adj)

$0.71

Previous: $1.91-62.8%
Adjusted Effective Tax Rate

18.2%

No prior period
Capital Expenditures

-$29.5M

Previous: -$25.2M-16.8%
Free Cash Flow

-$38.5M

Previous: $18.5M-307.5%
Net Income

-$8.99M

Previous: $43.8M-120.5%
Operating Income

-$12M

Previous: $52.6M-122.7%
Gross Profit

$99.1M

Previous: $142M-30.1%
Cash & Equivalents

$652M

Previous: $475M+37.3%
Total Assets

$2.61B

Previous: $2.62B-0.4%
Stock-Based Comp

$7.89M

Previous: $8.28M-4.8%

Revenue & EPS history

Littelfuse · Revenue · Quarterly

$307M

Q2 2020-22.8%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Littelfuse · $245M total across 2 segments · Q2 2020

  • Electronics
    $223M-14.0%
  • Industrial
    $22.1M-25.6%

Forward guidance

The company expects sequential sales growth of 12% – 15%, with a sequential adjusted operating income drop through of approximately 40%. The forecast assumes all of its production facilities continue operations to meet demand levels

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 Q2 2020

Historical avgQ2 2020

+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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