NASDAQ$LFUS

Littelfuse Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported fourth quarter and full year results for 2019.

Littelfuse reported a decrease in net sales by 16% compared to the prior year period, with a GAAP diluted EPS of $0.92 and an adjusted diluted EPS of $1.17.

  • Net sales of $338.5 million, down 16% versus the prior year period, and down 14% organically.
  • Electronics sales decreased 21% (down 19% organically).
  • Automotive sales decreased 9% (down 8% organically).
  • Industrial sales increased 7% (up 7% organically).

Headline financials

Total Revenue

$339M

Previous: $402M-15.8%
EPS (adj)

$1.17

Previous: $1.87-37.4%
Organic Net Sales Growth

-14.0%

No prior period
Adjusted Operating Margin

10.7%

No prior period
Adjusted EBITDA Margin

17.6%

No prior period
Effective Tax Rate

7.4%

No prior period
Capital Expenditures

$23.5M

Previous: $18.8M+24.9%
Free Cash Flow

$61M

Previous: $60.9M+0.1%
Net Income

$22.7M

Previous: $32.7M-30.6%
Operating Income

$32.3M

Previous: $51.6M-37.4%
Gross Profit

$113M

Previous: $154M-26.5%
Cash & Equivalents

$531M

Previous: $490M+8.5%
Total Assets

$2.56B

Previous: $2.61B-2.1%
Stock-Based Comp

$3.31M

Previous: $4.28M-22.7%

Revenue & EPS history

Littelfuse · Revenue · Quarterly

$339M

Q4 2019-15.8%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Littelfuse · $237M total across 2 segments · Q4 2019

  • Electronics
    $209M-20.9%
  • Industrial
    $27.9M+6.8%

Forward guidance

For the first quarter of 2020, the company expects net sales in the range of $352 to $364 million and adjusted diluted EPS in the range of $1.21 to $1.35.

Tailwinds

  • Net sales in the range of $352 to $364 million

Headwinds

  • Adjusted diluted EPS in the range of $1.21 to $1.35
  • Adjusted effective tax rate in the range of 18.5% - 19.5%

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 Q4 2019

Historical avgQ4 2019

+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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