Welcome to our dedicated page for Littelfuse news (Ticker: LFUS), a resource for investors and traders seeking the latest updates and insights on Littelfuse stock.
Littelfuse Inc. reports recurring developments tied to electrical energy transfer, circuit protection, and power-control products used across electronics, transportation, industrial, telecommunications, and consumer electronics markets. Company updates commonly cover quarterly and annual operating results, organic sales trends, backlog, product demand, and segment commentary for electronics, transportation, and industrial operations.
News also includes updates on acquisitions, investor presentations, and governance changes such as board appointments and executive leadership roles. Recurring themes include higher-power and higher-energy-density customer requirements, passive products, semiconductor demand, and integration of acquired businesses within Littelfuse's global distribution and direct-sales model.
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.
Littelfuse, a technology manufacturing company, has acquired Embed, Ltd., a provider of embedded software for transportation applications. This acquisition aims to enhance Littelfuse's software engineering capabilities, enabling better service to customers amid increasing electronification in transportation. Embed, founded in 2005 and based in Coventry, UK, is expected to strengthen Littelfuse's technical expertise. Further financial details and impacts of this acquisition will be discussed in the first quarter earnings call.
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.
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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.