Littelfuse Inc Stock Price, News & Analysis

Sun Capital Partners announced an agreement to sell C&K, a manufacturer of electromechanical switches, to Littelfuse (NASDAQ: LFUS) for an enterprise value of $540 million. C&K, established in 1928 and based in Waltham, Massachusetts, has achieved significant growth, nearly doubling its EBITDA and improving margins by over 400 basis points since its acquisition by Sun Capital in 2017. Notably, C&K completed two strategic acquisitions during this period, enhancing its market positioning, particularly in aerospace and defense sectors.

Littelfuse, Inc. (NASDAQ: LFUS) has announced a definitive agreement to acquire C&K Switches for an enterprise value of $540 million. C&K Switches, established in 1928, specializes in high-performance electromechanical switches, generating over $200 million in annual sales. The acquisition aims to enhance Littelfuse's presence in key markets such as industrial and aerospace. The transaction is expected to close in the second quarter of 2022, pending regulatory approvals. The financing will be through cash and debt, with further details to be revealed during Littelfuse's first quarter earnings call.

Littelfuse, Inc. (NASDAQ: LFUS) reported record sales and earnings for Q4 and full year 2021. Q4 net sales were $553.1 million, up 38%, with GAAP diluted EPS at $2.08. For the full year, sales reached $2.1 billion, a 44% increase, and GAAP diluted EPS soared to $11.38. Strong demand across all segments and strategic acquisition of Carling Technologies contributed to growth. Cash flow from operations stood at $373 million. Guidance for Q1 2022 forecasts net sales of $563 to $577 million and adjusted EPS of $3.14 to $3.30.

Littelfuse, Inc. (NASDAQ: LFUS) announced it will release its financial results for Q4 fiscal 2021 after market close on February 1, 2022. The results will be accessible in the Investor Relations section of its website. A conference call to discuss these results will be held on February 2, 2022, at 9:00 a.m. Central Time, with a webcast available for replay on their site. Littelfuse specializes in industrial technology, partnering globally to deliver innovative solutions across various markets.

Littelfuse, Inc. (NASDAQ: LFUS) has completed its acquisition of Carling Technologies, significantly expanding its commercial vehicle business. Carling, with annualized sales of approximately $170 million, enhances Littelfuse's capabilities in switching and circuit protection technologies across various markets. The acquisition is expected to more than double the size of Littelfuse's commercial vehicle business and accelerate growth in strategic areas. Following the acquisition, Littelfuse anticipates fourth-quarter net sales between $518 million and $532 million, with adjusted diluted EPS projected between $2.82 and $2.98.

Littelfuse, Inc. (NASDAQ: LFUS) reported remarkable third-quarter results for 2021, achieving net sales of $539.6 million and a GAAP diluted EPS of $3.69. This performance was propelled by robust demand in the electronics segment. The company’s GAAP operating margin stood at 22.3%. Additionally, Littelfuse announced an acquisition agreement for Carling Technologies, expected to enhance its market position, with Carling generating annual sales of approximately $170 million. For Q4, projected net sales are between $503 million and $517 million.