NASDAQ$LFUS

Littelfuse Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record sales and earnings due to strong business fundamentals.

Littelfuse reported record revenue and earnings for Q2 2021, driven by robust demand across electronics, automotive, and industrial end markets. The company's Board of Directors also approved a 10% increase in the quarterly cash dividend.

  • Net sales reached $523.5 million due to strong demand in electronics, automotive, and industrial sectors, along with effective operational execution.
  • GAAP operating margin was 18.4%, while the adjusted operating margin stood at 19.5%.
  • GAAP diluted EPS was $3.30, and adjusted diluted EPS was $3.41.
  • Cash flow from operations amounted to $76.2 million, with a free cash flow of $58.2 million.

Headline financials

Total Revenue

$523M

Previous: $307M+70.3%
EPS (adj)

$3.41

Previous: $0.71+380.3%
Adjusted Operating Margin

19.5%

No prior period
Capital Expenditures

-$32.7M

Previous: -$29.5M-10.8%
Free Cash Flow

$49.4M

Previous: -$38.5M+228.5%
Net Income

$82.1M

Previous: -$8.99M+1013.1%
Operating Income

$96.3M

Previous: -$12M+905.5%
Gross Profit

$197M

Previous: $99.1M+99.2%
Cash & Equivalents

$616M

Previous: $652M-5.5%
Total Assets

$2.93B

Previous: $2.61B+12.1%
Stock-Based Comp

$8.84M

Previous: $7.89M+12.1%

Revenue & EPS history

Littelfuse · Revenue · Quarterly

$523M

Q2 2021+70.3%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Littelfuse · $390M total across 2 segments · Q2 2021

  • Electronics
    $325M+45.7%
  • Industrial
    $64.8M+193.8%

Forward guidance

For the third quarter of 2021, the company anticipates net sales in the range of $510 to $524 million and adjusted diluted EPS in the range of $3.07 to $3.23.

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 2021

Historical avgQ2 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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