Littelfuse Third Quarter Results for 2020

Littelfuse logo 400

Nov 10, 2020

Littelfuse reported financial results for the third quarter ending on September 26, 2020:

Net sales of $391.6 million were up 8% versus the prior year period, and up 7% organically; sequentially, net sales were up 27% largely due to higher than expected demand in automotive end markets, and strength in several electronics and industrial end markets

Segment performance versus the prior year period:

Electronics sales grew 12% (up 13% organically)

Automotive sales were flat (down 2% organically)

Industrial sales grew 5% (down 3% organically)

GAAP diluted EPS was $2.25; adjusted diluted EPS was $2.16, which benefited from a lower effective tax rate versus the forecasted rate equating to approximately $0.22 in EPS

GAAP effective tax rate was 17.9% and the adjusted effective tax rate was 15.7%

Year-to-date, cash flow from operations was $164.3 million and free cash flow was $122.7 million

“I am extremely proud of the extraordinary leadership demonstrated by our global associates and business partners amidst these challenging times,” said  Dave Heinzmann, Littelfuse President and Chief Executive Officer. “Our commitment to operational execution enabled us to meet stronger than expected demand from our customers, driving year-over-year growth. We continued to capitalize on robust design activity with several strategic wins in high-growth industrial, electronics and transportation applications. As we near the end of 2020, we are confident the actions we have taken this year position us well for sustained profitable growth.”

Fourth Quarter 2020 Outlook*:

The company expects year-over-year sales growth of 7% to 10%, with an adjusted operating income flow-through of approximately 40%. The forecast assumes no new material disruptions from the pandemic

*Littelfuse provides an estimate regarding operating income on a non-GAAP (adjusted) basis. GAAP items excluded may include the after-tax impact of items including acquisition and integration costs, restructuring, impairment and other charges, certain purchase accounting adjustments, non-operating foreign exchange adjustments and significant and unusual items. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP.  Littelfuse  is not able to estimate the excluded items in order to provide the most directly comparable GAAP financial measure without unreasonable efforts.


The company will pay a cash dividend on its common stock of $0.48 per share on December 3, 2020 to shareholders of record as of November 19, 2020


Related Articles

Changing Scene

  • New Podcast Collaboration with Lighting Controls Association and NAILD

    March 24, 2023 The National Association of Innovative Lighting Distributors (NAILD) and the Lighting Controls Association have announced a collaboration on a new podcast seeking to raise awareness and expertise in lighting controls. About the Podcast Produced every two weeks for audio listening on popular apps or watching on a dedicated YouTube channel, it is hosted by… Read More…

  • DLC Non-Energy Benefits

    Evaluating the Non-Energy Benefits of Advanced Networked Lighting Controls

    March 24, 2023 The Benefits As energy efficient LED technology has become mainstream, the quantifiable gains from controlling smaller lighting loads may appear to have diminished at first glance. The truth is, while direct energy savings from controls alone represents a smaller portion of savings compared to the savings from LEDs, the use of networked… Read More…


  • Light at Night and the Inequality Gap: Progress and Challenges

    Light at Night and the Inequality Gap: Progress and Challenges

    March 9, 2023 In December 2021, the DLC hosted a webinar that explored issues related to “Bridging the Inequality Gap” in outdoor nighttime lighting. The conversation introduced research on how lighting contributes to discrimination and inequity in underrepresented communities, and generated heightened interest among attendees. To follow up on the research and work presented, the DLC sat… Read More…

  • LIT Design Awards Light Art Project Winner: Integral Group

    LIT Design Awards Light Art Project Winner: Integral Group

    December 19, 2022 Prize(s) Winners in Light Art Project Company Integral Group Lead Designers Ellie Niakan + Catherine Chan Photo Credits Catherine Chan Completion Date December 21, 2021 Project Location New Westminster, British Columbia, Canada Although appearing as solitary, trees are connected to one another through vast underground systems known as mycorrhizal networks. Through these hidden systems—a symbiotic relationship between plants… Read More…

New Products

  • Introducing LED-integrated Wine Rack System from MP Lighting

    Introducing LED-integrated Wine Rack System from MP Lighting

    March 23, 2023 Wine enthusiasts, sommeliers, and casual appreciators alike can all agree: wine is delicate. The naturally occurring chemicals in the wine can be disturbed by many environmental factors, mainly heat, lighting, and vibrations. To aid in the prevention of these factors spoiling the wine, wine racks can be installed. LED-integrated wine rack systems… Read More…

  • Punctuate with Hyphen. New architectural luminaire system by Fluxwerx

    Punctuate with Hyphen. New architectural luminaire system by Fluxwerx

    March 23, 2023 Fluxwerx makes a break from the ordinary with the launch of Hyphen—a family of discrete recessed and surface luminaires to design, define and leave your mark. With Portal, Fluxwerx pushed past conventional downlights and cylinders in our drive to give designers new and differentiated aesthetic options with innovative optics that maximize visual… Read More…