NASDAQ$LFUS

Littelfuse Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record sales and earnings driven by strong business fundamentals.

Littelfuse reported strong Q3 2021 results with record sales of $539.6 million, driven by high demand in the electronics segment. GAAP diluted EPS was $3.69 and adjusted diluted EPS was $3.95. The company also announced an agreement to acquire Carling Technologies.

  • Net sales reached $539.6 million, driven by stronger demand in the electronics segment.
  • GAAP operating margin was 22.3%; adjusted operating margin was 22.8%.
  • GAAP diluted EPS was $3.69 and adjusted diluted EPS was $3.95.
  • Cash flow from operations was $114.3 million and free cash flow was $89.4 million.

Headline financials

Total Revenue

$540M

Previous: $392M+37.8%
EPS (adj)

$3.95

Previous: $2.16+82.9%
Adjusted Operating Margin

22.8%

No prior period
Operating Margin

22.3%

No prior period
Capital Expenditures

-$57.5M

Previous: -$41.5M-38.5%
Free Cash Flow

$34.5M

Previous: $13.8M+149.8%
Net Income

$92.1M

Previous: $55.4M+66.3%
Operating Income

$120M

Previous: $64.6M+86.0%
Gross Profit

$215M

Previous: $138M+55.3%
Cash & Equivalents

$691M

Previous: $642M+7.6%
Total Assets

$3.04B

Previous: $2.65B+14.5%
Stock-Based Comp

$3.77M

Previous: $3.69M+2.2%

Revenue & EPS history

Littelfuse · Revenue · Quarterly

$540M

Q3 2021+37.8%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Littelfuse · $415M total across 2 segments · Q3 2021

  • Electronics
    $347M+36.0%
  • Industrial
    $67.9M+115.7%

Forward guidance

For the fourth quarter, the company expects net sales in the range of $503 to $517 million and adjusted diluted EPS in the range of $2.80 to $2.96.

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 Q3 2021

Historical avgQ3 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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