NASDAQ$LFUS

Littelfuse Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record annual sales and earnings, driven by strong business execution.

Littelfuse reported strong Q4 2021 results with net sales of $553.1 million, up 38% in total and 23% organically. GAAP diluted EPS was $2.08 and adjusted diluted EPS was $3.16. The company completed its acquisition of Carling Technologies, Inc. on November 30.

  • Net sales of $553.1 million were up 38% in total and 23% organically versus the prior year, driven by stronger than expected demand across all segments
  • GAAP operating margin was 16.8%; adjusted operating margin was 17.0%
  • GAAP diluted EPS was $2.08 and adjusted diluted EPS was $3.16, benefiting from a lower effective tax rate driven by the receipt of a tax holiday
  • Cash flow from operations was $133 million and free cash flow was $100 million

Headline financials

Total Revenue

$553M

Previous: $401M+38.0%
EPS (adj)

$3.16

Previous: $2.23+41.7%
Organic Net Sales Growth

23.0%

Previous: 16.0%+43.8%
Adjusted Operating Margin

17.0%

No prior period
Free Cash Flow

$99.6M

Previous: $79.1M+25.9%
Net Income

$51.9M

Previous: $59M-11.9%
Operating Income

$92.8M

Previous: $65M+42.7%
Cash & Equivalents

$478M

Previous: $688M-30.4%
Total Assets

$3.15B

Previous: $2.75B+14.7%

Revenue & EPS history

Littelfuse · Revenue · Quarterly

$553M

Q4 2021+38%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Littelfuse · $553M total across 3 segments · Q4 2021

  • Electronics
    $342M+39.5%
  • Transportation
    $142M
  • Industrial
    $69.6M+121.3%

Forward guidance

For the first quarter of 2022, the company expects net sales in the range of $563 to $577 million, adjusted diluted EPS in the range of $3.14 to $3.30 and an adjusted effective tax rate of approximately 17%.

Tailwinds

  • Net sales in the range of $563 to $577 million
  • Adjusted diluted EPS in the range of $3.14 to $3.30
  • 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 Q4 2021

Historical avgQ4 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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