Littelfuse Inc Stock Price, News & Analysis

Littelfuse, Inc. (NASDAQ: LFUS) reported strong Q2 2022 results, with net sales of $618.4 million, an increase of 18% year-over-year. Adjusted diluted EPS rose 25% to $4.26. Cash flow from operations reached $113.6 million, with free cash flow at $87.2 million. The company completed the acquisition of C&K Switches and announced a 13% increase in its quarterly cash dividend to $0.60 per share. For Q3 2022, Littelfuse anticipates net sales between $630 million and $644 million and adjusted diluted EPS between $3.71 and $3.87.

Littelfuse, a leading industrial technology manufacturing company listed on NASDAQ as LFUS, announces participation in three upcoming investor conferences. These include the Jefferies Industrial Conference on August 10, the Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit on August 30, and the CL King Best Ideas Conference on September 12. Investors can access a live webcast of the presentations on the Littelfuse investor relations page. The company emphasizes its commitment to providing innovative solutions across various markets.

Littelfuse, Inc. (NASDAQ: LFUS) announced the completion of its acquisition of C&K Switches, a leader in high-performance electromechanical switches, adding $200 million in annual sales. This acquisition enhances Littelfuse's capabilities and expands its market reach across various sectors, including industrial and aerospace. The transaction was financed with a mix of cash and debt, and the integration is expected to provide substantial synergies. Details about the acquisition and its impact will be shared during the Q2 fiscal 2022 earnings call.

Littelfuse, Inc. (NASDAQ: LFUS) will release its Q2 financial results on August 2, 2022, after market close. A conference call will follow on August 3, 2022, at 9:00 a.m. CT. Financial details and the slide presentation will be accessible via the Investor Relations section of the company's website. Littelfuse is an industrial technology manufacturing company operating in over 15 countries, providing innovative solutions across various markets.

Littelfuse, Inc. (NASDAQ: LFUS) reported impressive financial results for Q1 2022, achieving net sales of $623.3 million, a 34% increase compared to the prior year. The GAAP diluted EPS was $4.70, reflecting an 87% growth year-on-year. The company announced strategic acquisitions, including C&K Switches with annual sales over $200 million and Embed, Ltd. This positions Littelfuse well amid market volatility, forecasting Q2 sales between $594 million and $608 million, representing 15% expected growth.

Littelfuse, Inc. (NASDAQ: LFUS) will announce its financial results for Q1 2022 after market close on May 3, 2022. A conference call is scheduled for May 4, 2022, at 9:00 a.m. Central Time, available via webcast. The company provides innovative solutions across more than 15 countries, employing approximately 17,000 associates and serving over 100,000 end customers in various industries, enhancing connectivity and safety.

XL Fleet Corp. (NYSE: XL) has appointed Donald P. Klein as Chief Financial Officer effective April 11, 2022, succeeding Chris Goldner, who served as interim CFO since February 2022. Klein brings over 25 years of finance and accounting experience, including prior roles at Power Solutions International and Littelfuse, Inc. CEO Eric Tech expressed confidence in Klein's ability to enhance the finance organization and drive value. XL Fleet focuses on fleet electrification solutions, having driven over 180 million miles with major clients like Coca-Cola and Verizon.